National Pension Service boosted its stake in shares of American Tower Corp. (NYSE:AMT) by 8.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 283,785 shares of the real estate investment trust’s stock after buying an additional 22,754 shares during the period. National Pension Service owned about 0.07% of American Tower Corp. worth $32,161,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in AMT. Atalanta Sosnoff Capital LLC boosted its position in shares of American Tower Corp. by 22.6% in the second quarter. Atalanta Sosnoff Capital LLC now owns 756,884 shares of the real estate investment trust’s stock valued at $85,990,000 after buying an additional 139,315 shares in the last quarter. Standard Life Investments LTD boosted its position in shares of American Tower Corp. by 5.6% in the second quarter. Standard Life Investments LTD now owns 4,467,595 shares of the real estate investment trust’s stock valued at $507,519,000 after buying an additional 238,684 shares in the last quarter. New York State Teachers Retirement System boosted its position in shares of American Tower Corp. by 0.5% in the second quarter. New York State Teachers Retirement System now owns 752,616 shares of the real estate investment trust’s stock valued at $85,505,000 after buying an additional 3,963 shares in the last quarter. Waverton Investment Management Ltd boosted its position in shares of American Tower Corp. by 0.3% in the second quarter. Waverton Investment Management Ltd now owns 99,781 shares of the real estate investment trust’s stock valued at $11,336,000 after buying an additional 250 shares in the last quarter. Finally, WMS Partners LLC boosted its position in shares of American Tower Corp. by 4.0% in the second quarter. WMS Partners LLC now owns 128,960 shares of the real estate investment trust’s stock valued at $14,651,000 after buying an additional 4,950 shares in the last quarter. 92.79% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for American Tower Corp. (NYSE:AMT)

American Tower Corp. (NYSE:AMT) traded up 0.36% on Tuesday, reaching $106.49. 202,547 shares of the company’s stock were exchanged. The firm’s 50 day moving average is $111.13 and its 200 day moving average is $111.64. The stock has a market capitalization of $45.33 billion, a P/E ratio of 53.30 and a beta of 0.69. American Tower Corp. has a 1-year low of $83.07 and a 1-year high of $118.26.

American Tower Corp. (NYSE:AMT) last posted its earnings results on Thursday, October 27th. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.03. The company had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.51 billion. American Tower Corp. had a return on equity of 14.05% and a net margin of 17.37%. The firm’s quarterly revenue was up 22.4% compared to the same quarter last year. During the same period last year, the business posted $1.31 earnings per share. Analysts expect that American Tower Corp. will post $5.73 EPS for the current year.

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AMT has been the topic of several recent research reports. Zacks Investment Research raised shares of American Tower Corp. from a “hold” rating to a “strong-buy” rating and set a $129.00 price objective on the stock in a research note on Wednesday, September 28th. Jefferies Group reissued a “buy” rating on shares of American Tower Corp. in a research note on Monday, August 29th. Stifel Nicolaus boosted their price objective on shares of American Tower Corp. from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, October 31st. Citigroup Inc. dropped their price objective on shares of American Tower Corp. from $134.00 to $133.00 and set a “buy” rating on the stock in a research note on Wednesday, August 10th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $135.00 price objective on shares of American Tower Corp. in a research note on Friday, November 4th. One research analyst has rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. American Tower Corp. has an average rating of “Buy” and a consensus target price of $123.44.

In other American Tower Corp. news, Chairman James D. Taiclet, Jr. sold 40,625 shares of the firm’s stock in a transaction on Monday, October 17th. The stock was sold at an average price of $113.45, for a total value of $4,608,906.25. Following the sale, the chairman now directly owns 267,142 shares in the company, valued at $30,307,259.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Samme L. Thompson sold 2,202 shares of the firm’s stock in a transaction on Monday, October 24th. The shares were sold at an average price of $116.13, for a total value of $255,718.26. Following the completion of the sale, the director now owns 16,063 shares in the company, valued at $1,865,396.19. The disclosure for this sale can be found here. 0.95% of the stock is owned by company insiders.

American Tower Corp. Company Profile

American Tower Corporation is a holding company. The company owns, operates and develops wireless and broadcast communications real estate. Its primary business is leasing antenna space on multi-tenant communications sites to wireless service providers, radio and television broadcast companies, wireless data and data providers, government agencies and municipalities.

5 Day Chart for NYSE:AMT

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