Private Trust Co. NA boosted its position in shares of American Tower Corp. (NYSE:AMT) by 0.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,583 shares of the real estate investment trust’s stock after buying an additional 82 shares during the period. Private Trust Co. NA’s holdings in American Tower Corp. were worth $1,426,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AMT. Gulf International Bank UK Ltd raised its position in shares of American Tower Corp. by 1.6% in the second quarter. Gulf International Bank UK Ltd now owns 126,044 shares of the real estate investment trust’s stock worth $14,319,000 after buying an additional 2,000 shares during the last quarter. Perkins Coie Trust Co raised its position in shares of American Tower Corp. by 3.6% in the second quarter. Perkins Coie Trust Co now owns 12,688 shares of the real estate investment trust’s stock worth $1,441,000 after buying an additional 442 shares during the last quarter. Chevy Chase Trust Holdings Inc. raised its position in shares of American Tower Corp. by 1.4% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 364,066 shares of the real estate investment trust’s stock worth $41,362,000 after buying an additional 4,953 shares during the last quarter. Exxonmobil Investment Management Inc. TX raised its position in shares of American Tower Corp. by 6.5% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 109,897 shares of the real estate investment trust’s stock worth $12,485,000 after buying an additional 6,688 shares during the last quarter. Finally, DNB Asset Management AS raised its position in shares of American Tower Corp. by 2.3% in the second quarter. DNB Asset Management AS now owns 39,402 shares of the real estate investment trust’s stock worth $4,476,000 after buying an additional 900 shares during the last quarter. Institutional investors own 92.79% of the company’s stock.

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

Shares of American Tower Corp. (NYSE:AMT) traded down 1.11% during trading on Monday, hitting $106.11. The stock had a trading volume of 2,497,098 shares. The firm has a market cap of $45.17 billion, a price-to-earnings ratio of 53.11 and a beta of 0.69. The stock has a 50-day moving average of $111.13 and a 200 day moving average of $111.64. American Tower Corp. has a 12-month low of $83.07 and a 12-month high of $118.26.

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

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A number of analysts have issued reports on the company. Jefferies Group reaffirmed a “buy” rating on shares of American Tower Corp. in a research note on Saturday, August 6th. Stifel Nicolaus raised their target price on American Tower Corp. from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, October 31st. Citigroup Inc. cut their target price on American Tower Corp. from $134.00 to $133.00 and set a “buy” rating for the company in a research note on Wednesday, August 10th. Zacks Investment Research downgraded American Tower Corp. from a “buy” rating to a “hold” rating in a research note on Friday, October 28th. Finally, Argus raised their target price on American Tower Corp. from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, August 17th. One research analyst has rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently 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 company’s stock in a transaction dated Monday, September 19th. The stock was sold at an average price of $108.80, for a total transaction of $4,420,000.00. Following the completion of the sale, the chairman now directly owns 226,517 shares in the company, valued at $24,645,049.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Carolyn Katz sold 5,000 shares of the company’s stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $116.34, for a total value of $581,700.00. Following the sale, the director now owns 14,484 shares of the company’s stock, valued at $1,685,068.56. The disclosure for this sale can be found here. 0.95% of the stock is owned by corporate 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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