| Profitability | 41/100 |
| Growth | 35/100 |
| Momentum | 66/100 |
| Quality | 68/100 |
| Earnings Quality | 69/100 |
| Balance Sheet | 45/100 |
| Value | 38/100 |
| Risk (safety) | 30/100 |
| Overall | 35.6/100 |
| Symbol | IS Score |
|---|---|
| AMT | 57 |
| EQIX | 70 |
| CCI | 49 |
| IRM | 43 |
| SBAC | 54 |
| LAMR | 67 |
| DLR | 36 |
Both readings sit below the midpoint — business quality at 36 and price structure at 17 out of 100 — so they are not in conflict. The fundamentals and the tape are saying the same thing, which is the case in which either one alone would have been enough.
| Trigger | Where it stands now | What it would mean |
|---|---|---|
| IS Score reaches 55 and holds two consecutive quarters | now 35.6 | would move us up one band |
| IS Score stops falling - one quarter higher than the prior | last four: 50 → 51 → 50 → 36 | the direction matters more than the level |
| Technical vote share back above 50% | now 18% | price structure no longer broken |
| Institutional holder count rises two quarters running | peak 1,333 → now 1,333 | fewer institutions willing to hold is our clearest warning |
This page is InsiderStreet's own reading, produced from the data in the rest of this document. It is not a price target and not investment advice. Analyst consensus and street price targets appear later under their own heading and are the street's numbers, not ours.
| Quarter | Holders | 13F shares | Value | Reported own% | Guard |
|---|---|---|---|---|---|
| 2026 Q2 | 1,333 | 384.0M | $62.6B | 108.4% | ex-outlier 97.0% |
| 2026 Q1 | 1,254 | 320.7M | $51.7B | 90.6% | |
| 2025 Q4 | 1,194 | 344.6M | $48.0B | 97.3% | |
| 2025 Q3 | 1,224 | 317.0M | $49.9B | 89.5% | |
| 2025 Q2 | 1,233 | 330.7M | $52.9B | 93.4% | |
| 2025 Q1 | 1,182 | 331.7M | $44.0B | 93.7% | |
| 2024 Q4 | 1,216 | 327.7M | $53.8B | 92.5% | |
| 2024 Q3 | 1,116 | 326.1M | $48.1B | 92.1% | |
| 2024 Q2 | 1,095 | 320.4M | $48.4B | 90.5% | |
| 2024 Q1 | 1,053 | 311.4M | $44.6B | 88.0% | |
| 2023 Q4 | 1,045 | 313.0M | $42.0B | 88.4% | |
| 2023 Q3 | 949 | 312.9M | $37.7B | 88.4% |
Why 2026-06 reads 108.43%. Institutions cannot hold more of a company than exists. The reported 384.0M shares exceed the 354.1M outstanding, and a single filer accounts for the excess: BlackRock, Inc. reports 40,522,510 shares against 39,503,125 the prior quarter, a 1x jump, which alone would be 11.4% of the company. Excluding that filing, ownership is 97.0%. We publish both figures. 13F filings are due 45 days after quarter end and amendments keep arriving after that, so the newest quarter is provisional by construction - this is what an unsettled quarter looks like.
| Insider | Role | Date | Type | Shares | Value | Post-Txn Owned |
|---|---|---|---|---|---|---|
| Kornegay Christine Beseda | CHIEF ACCOUNTING OFFICER | 2026-10-01 | TAX W/H | 54 | $0.01M | 4,244 |
| Jamieson Veralinn | director | 2026-09-30 | A-Award | 156 | — | 14,852 |
| Swanezy Susan | director | 2026-09-30 | A-Award | 156 | — | 5,166 |
| Patterson Mark R | director | 2026-08-27 | SELL | 200 | $0.04M | 6,322 |
| Kornegay Christine Beseda | CHIEF ACCOUNTING OFFICER | 2026-07-01 | TAX W/H | 53 | $0.01M | 4,298 |
| Swanezy Susan | director | 2026-06-30 | A-Award | 153 | — | 5,010 |
| Jamieson Veralinn | director | 2026-06-30 | A-Award | 153 | — | 14,696 |
| Mohebbi Afshin | director | 2026-05-29 | A-Award | 1,289 | — | 15,013 |
| 6-mo decomposition (Form 4) | Txns | Shares | Value | Signal weight |
|---|---|---|---|---|
| S — Open-market sales | 1 | 200 | $0.0M | Counted |
| F — Tax withholding | 5 | 528 | $0.1M | None — compensation |
| P — Open-market purchases | 0 | 0 | $0 | Counted — none occurred |
| Member | Chamber | Trade | Size band | Traded | Disclosed |
|---|---|---|---|---|---|
| Ro Khanna | House | BUY | $1,001 - $15,000 | 2026-07-07 | 2026-08-12 |
| Marjorie Taylor Greene | House | BUY | $1,001 - $15,000 | 2025-09-11 | 2025-09-29 |
| Marjorie Taylor Greene | House | BUY | $1,001 - $15,000 | 2025-09-10 | 2025-09-29 |
| Thomas R. Carper | Senate | BUY | $1,001 - $15,000 | 2023-01-11 | 2023-02-02 |
| Thomas R. Carper | Senate | BUY | $1,001 - $15,000 | 2023-01-11 | 2023-02-01 |
| Thomas Richard Carper | Senate | BUY | $1,001 - $15,000 | 2023-01-11 | 2023-02-01 |
| Manager | Shares | Value |
|---|---|---|
| Ifm Investors Pty Ltd | 164,074 | $29M |
| Ninety One Uk Ltd | 147,120 | $26M |
| Czech National Bank | 101,004 | $18M |
| Fjarde Ap-Fonden /Fourth Swedish N | 91,397 | $16M |
| Beacon Investment Advisory Service | 68,788 | $12M |
| Franklin Street Advisors Inc /Nc | 45,691 | $8M |
| Fund | Weight | Position |
|---|---|---|
| VGSLX | 3.7% | $2.5B |
| VGSNX | 3.7% | $2.5B |
| VNQ | 3.7% | $2.5B |
| VITSX | 0.1% | $2.1B |
| VSMPX | 0.1% | $2.1B |
| VTI | 0.1% | $2.1B |
| ATS Venue (4-wk) | Shares | Avg trade |
|---|---|---|
| Incr Intelligent Cross Llc | 2.4M | 40 sh |
| Ubsa Ubs Ats | 1.8M | 43 sh |
| Sgmt Sigma X2 | 1.3M | 38 sh |
| Ebxl Level Ats | 1.3M | 26 sh |
| Mlix Instinct X | 1.0M | 61 sh |
| Bids Bids Ats | 0.8M | 591 sh |
| Region | Revenue | Share |
|---|---|---|
| UNITED STATES | $3.2B | 52% |
| Non-US | $2.9B | 48% |
Moat score 44/100 — Weak; primary source Efficient Scale.
| Officer | Title |
|---|---|
| Andrew Power | President, Chief Executive Officer & Director |
| Gregory S. Wright | Chief Investment Officer |
| Matthew Mercier | Chief Financial Officer |
| Jeannie Lee | Executive Vice President, General Counsel & Secretary |
| Period | EPS est. | EPS actual | EPS surprise | Rev est. ($M) | Rev actual ($M) | Rev surprise |
|---|
| YoY growth | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | +13.4% | +6.0% | +16.7% | +1.4% | +10.0% |
| Gross profit | +10.9% | +0.9% | +7.7% | +5.4% | +11.5% |
| Operating income | +24.5% | -15.0% | -11.1% | -10.0% | +39.6% |
| Net income | +379.6% | -77.9% | +151.2% | -36.5% | +117.2% |
| $B · FY ends | FY21 | FY22 | FY23 | FY24 | FY25 | Trend |
|---|---|---|---|---|---|---|
| Revenue | 4.4 | 4.7 | 5.5 | 5.6 | 6.1 | |
| Cost of revenue | 1.8 | 2.0 | 2.6 | 2.5 | 2.7 | |
| Gross profit | 2.6 | 2.7 | 2.9 | 3.0 | 3.4 | |
| R&D expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
| SG&A expense | 0.4 | 0.4 | 0.4 | 0.5 | 0.6 | |
| Operating income | 0.7 | 0.6 | 0.5 | 0.5 | 0.7 | |
| EBITDA | 3.6 | 2.3 | 3.2 | 2.9 | 3.6 | |
| D&A | 1.5 | 1.6 | 1.7 | 1.8 | 1.9 | |
| Pretax income | 1.8 | 0.4 | 1.0 | 0.6 | 1.3 | |
| Income tax | 0.1 | 0.0 | 0.1 | 0.1 | 0.0 | |
| Net income | 1.7 | 0.4 | 0.9 | 0.6 | 1.3 | |
| Diluted EPS ($) | 5.94 | 1.11 | 3.00 | 1.61 | 3.58 | |
| Diluted shares (M) | 283 | 298 | 309 | 332 | 352 |
| $B | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | 0.1 | 1.6 | 3.9 | 3.5 | |
| ST investments | 0.0 | 0.0 | 0.0 | 0.0 | |
| Receivables (net) | 1.6 | 1.9 | 1.9 | 1.4 | |
| Total current assets | 1.1 | 3.4 | 5.1 | 5.2 | |
| PP&E (net) | 1.4 | 1.4 | 1.2 | 26.4 | |
| Goodwill + intangibles | 12.3 | 11.7 | 11.1 | 11.8 | |
| Total assets | 41.5 | 44.1 | 45.3 | 49.4 | |
| Accounts payable | 1.9 | 2.2 | 2.1 | 2.6 | |
| Short-term debt | 2.2 | 1.8 | 1.6 | 1.1 | |
| Deferred revenue | 0.4 | 0.4 | 0.5 | 0.0 | |
| Total current liabilities | 4.8 | 4.8 | 4.6 | 1.1 | |
| Long-term debt | 14.4 | 15.6 | 15.1 | 20.0 | |
| Total liabilities | 21.9 | 23.1 | 22.1 | 24.6 | |
| Shareholders' equity | 19.6 | 21.0 | 23.2 | 24.8 |
| $B | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Net income | 0.4 | 1.0 | 0.6 | 1.3 | |
| D&A | 1.6 | 1.7 | 1.8 | 1.9 | |
| Stock-based compensation | 0.1 | 0.1 | 0.1 | 0.0 | |
| Working capital change | (0.2) | (0.4) | 0.0 | 0.0 | |
| Operating cash flow | 1.7 | 1.6 | 2.3 | 2.4 | |
| Capital expenditures | (2.6) | 0.0 | 0.0 | 0.0 | |
| Investing cash flow | (4.7) | (1.1) | (1.9) | (2.2) | |
| Buybacks | 0.0 | 0.0 | 0.0 | 0.0 | |
| Dividends paid | (1.5) | (1.5) | (1.6) | (1.7) | |
| Debt issuance / (repay) | 3.4 | 0.3 | 0.0 | 0.2 | |
| Financing cash flow | 3.0 | 1.0 | 2.1 | (0.5) | |
| Free cash flow | (1.0) | 1.6 | 2.3 | 2.4 |
| Ratio | FY21 | FY22 | FY23 | FY24 | FY25 | TTM | Trend |
|---|---|---|---|---|---|---|---|
| PROFITABILITY | |||||||
| ROE | 9.6% | 2.1% | 5.2% | 3.0% | 5.9% | 3% | |
| ROA | 4.7% | 1.0% | 2.2% | 1.3% | 2.8% | 1.5% | |
| ROIC | 2.0% | 1.5% | 1.3% | 1.2% | 1.9% | 2.3% | |
| Gross margin | 59.8% | 57.0% | 52.6% | 54.7% | 55.4% | 13.8% | |
| Operating margin | 15.7% | 12.6% | 9.6% | 8.5% | 10.8% | 17.9% | |
| Net margin | 38.6% | 8.0% | 17.3% | 10.8% | 21.4% | 11.7% | |
| EBITDA margin | 81.3% | 48.8% | 57.7% | 51.6% | 58.7% | 49.8% | |
| FCF margin | -18.5% | -21.0% | -21.0% | 17.0% | 27.9% | — | |
| VALUATION | |||||||
| P/E | 25.55 | 72.25 | 40.79 | 97.27 | 41.56 | 81.1 | |
| P/B | 2.43 | 1.55 | 2.02 | 2.75 | 2.37 | 2.3 | |
| P/S | 9.86 | 5.82 | 7.07 | 10.55 | 8.79 | 9.53 | |
| P/FCF | -53.35 | -27.74 | -33.59 | 61.91 | 31.54 | 47.8 | |
| EV/EBITDA | 16.21 | 19.75 | 17.75 | 25.37 | 19.84 | 24.0 | |
| EV/Revenue | 13.21 | 9.64 | 10.23 | 13.10 | 12.14 | 11.9 | |
| Earnings yield | 3.9% | 1.4% | 2.5% | 1.0% | 2.4% | 1.28% | |
| FCF yield | -1.9% | -3.6% | -3.0% | 1.6% | 3.2% | 2.09% | |
| Ratio | FY21 | FY22 | FY23 | FY24 | FY25 | TTM | Trend |
|---|---|---|---|---|---|---|---|
| LEVERAGE & SOLVENCY | |||||||
| Current ratio | 0.31 | 0.23 | 0.70 | 1.11 | 4.50 | 1.07 | |
| Quick ratio | 0.31 | 0.23 | 0.70 | 1.11 | 4.50 | 1.07 | |
| Debt / equity | 0.83 | 1.03 | 0.99 | 0.84 | 1.05 | 0.67 | |
| Debt / assets | 41.1% | 43.6% | 43.0% | 39.8% | 48.9% | 33.5% | |
| Net debt / EBITDA | 4.11 | 7.83 | 5.49 | 4.93 | 5.48 | 4.81 | |
| Interest coverage | — | — | — | — | 5.57 | — | |
| Ratio | FY21 | FY22 | FY23 | FY24 | FY25 | TTM | Trend |
|---|---|---|---|---|---|---|---|
| EFFICIENCY | |||||||
| Asset turnover | 0.12 | 0.12 | 0.13 | 0.12 | 0.13 | 0.13 | |
| Receivables turnover | 4.86 | 3.65 | 3.74 | 3.20 | 3.80 | 4.4 | |
| DSO (days) | 75 | 100 | 98 | 114 | 96 | 83 | |
| DPO (days) | 304 | 309 | 284 | 306 | 229 | 200 | |
| Cash conversion cycle | -229 | -209 | -186 | -192 | -133 | -117 | |
| GROWTH (YoY) | |||||||
| Revenue growth | 13.4% | 6.0% | 16.7% | 1.4% | 11.4% | — | |
| Net income growth | 379.6% | -77.9% | 151.2% | -36.5% | 117.2% | — | |
| EPS growth | 373.3% | -79.1% | 147.9% | -43.0% | 110.5% | — | |
| FCF growth | -148.0% | -20.2% | -17.1% | 182.2% | 82.2% | — | |
| PER SHARE ($) | |||||||
| EPS (diluted, TTM) | 6.00 | 1.25 | 3.10 | 1.77 | 3.72 | 2.26 | |
| Book value / share | 63.20 | 58.28 | 62.52 | 62.64 | 65.21 | 83.44 | |
| Revenue / share | 15.54 | 15.55 | 17.91 | 16.31 | 17.61 | 19.34 | |
| FCF / share | -2.87 | -3.26 | -3.77 | 2.78 | 4.91 | 3.86 | |
| Cash / share | 0.50 | 0.47 | 5.32 | 11.36 | 9.82 | 5.27 | |
| SHAREHOLDER RETURN & SCORES | |||||||
| Buyback yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | |
| Altman Z-Score | 1.58 | 0.65 | 1.20 | 1.81 | 1.49 | 1.6 | |
| Piotroski F-Score | 4 | 3 | 7 | 7 | 6 | 6/9 | |
| Beneish M-Score | -1.55 | -2.33 | -2.31 | -2.67 | -23.50 | 0.25 | |
| Model | Score | Zone | Note |
|---|---|---|---|
| Piotroski F-Score | 6 / 9 | Middling | |
| Altman Z-Score | 1.6 | Distress (<1.81) | Distress |
| Income quality | 3.71 | Cash-backed | OCF ÷ net income |
| Beneish M-Score | 0.25 | Elevated | vs −2.22 threshold |
| DuPont Decomposition (TTM) | Value |
|---|---|
| Tax burden | 0.87 |
| Interest burden | 0.65 |
| Operating margin | 20.6% |
| Asset turnover | 0.13× |
| Financial leverage | 2.05× |
| = ROE | 3% |
| Growth Quality (live) | Value |
|---|---|
| Revenue stability | 0.94 |
| Earnings stability | 0.07 |
| Earnings persistence | 0.83 |
| Revenue CAGR 3y | 10.1% |
| EPS CAGR 3y | 16.6% |
| FCF CAGR 3y | — |
| Company | Mkt cap | P/E | ROE | Net margin | Rev growth | Piotroski | 1-yr ret |
|---|---|---|---|---|---|---|---|
| AMT | $86.3B | 25.4 | 91% | 31.6% | +6.7% | 6/9 | -3.2% |
| EQIX | $97.3B | 63.2 | 11% | 18.2% | +9.9% | 6/9 | +22.0% |
| CCI | $35.9B | 33.3 | -46% | 30.5% | -23.2% | 6/9 | -15.1% |
| IRM | $33.5B | 80.4 | -41% | 5.0% | +17.4% | 6/9 | +9.9% |
| SBAC | $19.8B | 20.1 | -21% | 27.8% | +5.4% | 8/9 | — |
| LAMR | $15.2B | 27.3 | 59% | 26.1% | +4.4% | 9/9 | — |
| WY | $14.1B | 29.7 | 5% | 8.7% | -1.9% | 6/9 | — |
| GLPI | $11.4B | 11.4 | 20% | 53.1% | +5.8% | 4/9 | — |
| Consensus estimates | Revenue mean | High / Low | EPS mean | High / Low | # EPS est. |
|---|---|---|---|---|---|
| FY2026 | $7.12B | $7.31B / $7.01B | $2.75 | $2.86 / $2.66 | 12 |
| FY2027 | $7.90B | $8.31B / $7.19B | $2.58 | $2.71 / $2.36 | 12 |
| FY2028 | $9.03B | $9.55B / $8.37B | $3.21 | $3.97 / $2.26 | 12 |
| Window | Avg Target | vs. Price | # Targets |
|---|---|---|---|
| Last Month | $227.00 | +29.0% | 1 |
| Last Quarter | $226.56 | +28.7% | 9 |
| Last Year | $207.53 | +17.9% | 36 |
| All Time | $179.81 | +2.2% | 74 |
| Moving Average | Value | Distance | % Distance | Signal |
|---|---|---|---|---|
| SMA 20 | $178.90 | -2.93 | -1.64% | Below |
| SMA 50 | $184.94 | -8.97 | -4.85% | Below |
| SMA 200 | $182.16 | -6.19 | -3.40% | Below |
| EMA 9 | $176.87 | -0.90 | -0.51% | Below |
| EMA 21 | $178.99 | -3.02 | -1.69% | Below |
| EMA 50 | $182.27 | -6.30 | -3.46% | Below |
| EMA 200 | $181.11 | -5.14 | -2.84% | Below |
| Level | Value | Level | Value |
|---|---|---|---|
| Pivot / R1 / R2 | $172.11 / $177.06 / $179.64 | S1 / S2 | $169.53 / $164.58 |
| Bollinger (20,2) | $171.71 – $186.09 | Squeeze | Off |
| 52-wk range | $146.23 – $208.14 | Off 52-wk high | -15.4% |
| ATR (14) | $4.82 (2.7%) | Historical vol | 26.2% |
| Computed from live weekly prices | DLR | S&P 500 |
|---|---|---|
| Weekly volatility (σ, 1y) | 3.19% | 1.83% |
| Best / worst week (1y) | +7.8% / -7.9% | — |
| Max drawdown (5y, monthly) | -43.8% | — |
| 1-week VaR (95%) | -6.3% | — |
| Beta (5y) | 1.04 | 1.00 |
| Reading | DLR | REIT - Specialty n=56 | Real Estate n=2,764 | All US symbols n=70,435 |
|---|---|---|---|---|
| Overall | -36.7 | -28.0 | -28.0 | -20.5 |
| Trend | -41.5 | -36.4 | -37.3 | -21.3 |
| Momentum | -20.6 | -7.2 | -17.0 | -15.8 |
| Volume | -25.6 | -32.7 | -26.6 | -3.8 |
| Executive | Total comp | Structure |
|---|---|---|
| A. William Stein, Chief Executive Officer | $5.4M | 83% equity+incentive |
| Andrew P. Power, Chief Financial Officer | $3.3M | 88% equity+incentive |
| Scott E. Peterson, Chief Investment Officer | $2.8M | 78% equity+incentive |
| Jarrett B. Appleby, Chief Operating Officer | $2.8M | 87% equity+incentive |
| Matthew J. Miszewski, SVP, Global Sales & Ma | $1.9M | 78% equity+incentive |
| Pillar (live disclosure scores) | Score |
|---|---|
| Environmental | 50 |
| Social | 55 |
| Governance | 55 |
| Composite ESG | 53 |
Methodology. Every figure originates in InsiderStreet's production data layer and is computed deterministically by the same engines that power insiderstreet.ai. This factsheet contains no model-written text. Sections without underlying data are omitted rather than estimated.
| Data domain | Source | Coverage for this report |
|---|---|---|
| Price & volume | market_db.historical_prices | 52 rows |
| Fundamentals | income_statements_annual | 6 rows · 2020 to 2025 |
| Reported vs consensus | fact/earnings_calendar | 24 rows · 2020-10-29 to 2026-07-23 |
| Analyst estimates | dim/forward_estimates | 3 rows · 2026-12-31 to 2028-12-31 |
| Institutional ownership (13F) | holdings_db.institutional_ownership_summary | 87 rows · 2004 to 2026 |
| Insider transactions (Form 4) | edgar/form4 | 12 rows · 2026-05-29 to 2026-10-01 |
| Proposed sales (Form 144) | edgar/form144 | not present for this symbol |
| Beneficial ownership (13D/G) | edgar/13dg | not present for this symbol |
| Short-sale volume (FINRA) | edgar/short_volume_daily | 60 rows · 2026-07-23 to 2026-10-15 |
| Dark pool (ATS, tier 1) | edgar/darkpool_weekly | 12 rows · 2026-06-15 to 2026-08-31 |
| ETF & fund holding | etf_holdings_changelog (30d) | 1 record |
| Peer set | stock_peers_dynamic | 8 rows |
| Industry medians | industry_medians | 1 record |
| Congressional trades | congress_db (House + Senate) | 1 record |
| ESG | fact/esg_disclosures | 1 record |
Method. Every figure in this factsheet is looked up from a named field computed in code. It contains no model-written text.
Not covered. Short interest as a percent of float and days-to-cover are not in this data set — the short-sale figures above are FINRA volume, a flow, and cannot support squeeze or covering analysis. Options positioning and intraday data are also absent. 13F ownership is filed 45 days after quarter end and congressional trades are disclosed on a lag, so both describe a past position, not a current one.