Rosenblum Silverman Sutton S F Inc. CA reduced its stake in American Tower Corporation (REIT) (NYSE:AMT) by 19.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,257 shares of the real estate investment trust’s stock after selling 5,160 shares during the period. Rosenblum Silverman Sutton S F Inc. CA’s holdings in American Tower Corporation (REIT) were worth $2,584,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of AMT. Webster Bank N. A. raised its stake in shares of American Tower Corporation (REIT) by 86.1% in the first quarter. Webster Bank N. A. now owns 1,005 shares of the real estate investment trust’s stock worth $122,000 after buying an additional 465 shares in the last quarter. Heritage Trust Co acquired a new position in American Tower Corporation (REIT) during the first quarter worth about $122,000. Norway Savings Bank increased its position in American Tower Corporation (REIT) by 85.2% in the first quarter. Norway Savings Bank now owns 1,435 shares of the real estate investment trust’s stock worth $174,000 after buying an additional 660 shares during the last quarter. Integrated Investment Consultants LLC increased its position in American Tower Corporation (REIT) by 0.9% in the first quarter. Integrated Investment Consultants LLC now owns 1,485 shares of the real estate investment trust’s stock worth $180,000 after buying an additional 13 shares during the last quarter. Finally, Spinnaker Trust acquired a new position in American Tower Corporation (REIT) during the first quarter worth about $201,000. Institutional investors own 93.26% of the company’s stock.

American Tower Corporation (NYSE AMT) traded down 0.59% during trading on Thursday, hitting $137.15. 1,661,887 shares of the stock traded hands. American Tower Corporation has a 12 month low of $99.72 and a 12 month high of $139.50. The company has a market cap of $58.86 billion, a P/E ratio of 54.86 and a beta of 0.71. The company’s 50 day moving average price is $133.71 and its 200 day moving average price is $122.47.

American Tower Corporation (REIT) (NYSE:AMT) last released its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.55 by $0.75. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.64 billion. American Tower Corporation (REIT) had a net margin of 18.58% and a return on equity of 16.70%. American Tower Corporation (REIT)’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.38 EPS. On average, equities research analysts anticipate that American Tower Corporation will post $3.03 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Monday, June 19th were given a dividend of $0.64 per share. This is a boost from American Tower Corporation (REIT)’s previous quarterly dividend of $0.62. The ex-dividend date was Thursday, June 15th. This represents a $2.56 dividend on an annualized basis and a yield of 1.87%. American Tower Corporation (REIT)’s dividend payout ratio (DPR) is presently 102.81%.

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AMT has been the topic of several analyst reports. BidaskClub downgraded shares of American Tower Corporation (REIT) from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. Zacks Investment Research raised shares of American Tower Corporation (REIT) from a “hold” rating to a “buy” rating and set a $152.00 price target on the stock in a report on Thursday. Cowen and Company reiterated a “buy” rating and set a $155.00 price objective on shares of American Tower Corporation (REIT) in a research report on Wednesday, July 19th. Deutsche Bank AG boosted their price target on shares of American Tower Corporation (REIT) from $145.00 to $157.00 and gave the stock a “buy” rating in a research report on Friday, July 14th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $150.00 price target on shares of American Tower Corporation (REIT) in a research report on Thursday, July 6th. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $142.67.

In other American Tower Corporation (REIT) news, EVP Amit Sharma sold 61,096 shares of the firm’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $126.57, for a total transaction of $7,732,920.72. Following the transaction, the executive vice president now directly owns 177,556 shares in the company, valued at $22,473,262.92. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Steven C. Marshall sold 20,548 shares of the firm’s stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $134.92, for a total value of $2,772,336.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 85,297 shares of company stock valued at $10,975,069. Insiders own 0.86% of the company’s stock.

About American Tower Corporation (REIT)

American Tower Corporation (ATC) is a holding company. The Company operates as a real estate investment trust (REIT), which owns, operates and develops multitenant communications real estate. ATC’s segments include U.S. property, Asia property, EMEA property, Latin America property, Services and Other.

Institutional Ownership by Quarter for American Tower Corporation (REIT) (NYSE:AMT)

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