AQR Capital Management LLC decreased its stake in American Tower Corporation (REIT) (NYSE:AMT) by 7.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 709,392 shares of the real estate investment trust’s stock after selling 58,730 shares during the period. AQR Capital Management LLC owned about 0.17% of American Tower Corporation (REIT) worth $86,220,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of AMT. Integrated Investment Consultants LLC increased its position in shares of 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 valued at $180,000 after buying an additional 13 shares in the last quarter. Guardian Life Insurance Co. of America increased its position in shares of American Tower Corporation (REIT) by 1.2% in the first quarter. Guardian Life Insurance Co. of America now owns 1,650 shares of the real estate investment trust’s stock valued at $201,000 after buying an additional 19 shares in the last quarter. Homrich & Berg increased its position in shares of American Tower Corporation (REIT) by 0.3% in the first quarter. Homrich & Berg now owns 7,046 shares of the real estate investment trust’s stock valued at $856,000 after buying an additional 24 shares in the last quarter. iAB Financial Bank increased its position in shares of American Tower Corporation (REIT) by 1.8% in the first quarter. iAB Financial Bank now owns 2,035 shares of the real estate investment trust’s stock valued at $247,000 after buying an additional 35 shares in the last quarter. Finally, Honkamp Krueger Financial Services Inc. increased its position in shares of American Tower Corporation (REIT) by 1.9% in the first quarter. Honkamp Krueger Financial Services Inc. now owns 1,934 shares of the real estate investment trust’s stock valued at $235,000 after buying an additional 36 shares in the last quarter. Institutional investors own 93.40% of the company’s stock.

American Tower Corporation (AMT) traded down 1.04% during trading on Tuesday, hitting $136.63. The stock had a trading volume of 1,333,491 shares. The stock has a market capitalization of $58.64 billion, a P/E ratio of 54.65 and a beta of 0.71. American Tower Corporation has a 52 week low of $99.72 and a 52 week high of $139.50. The company has a 50-day moving average of $134.32 and a 200-day moving average of $122.79.

American Tower Corporation (REIT) (NYSE:AMT) last issued its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.55 by $0.75. American Tower Corporation (REIT) had a return on equity of 16.70% and a net margin of 18.58%. The business had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter last year, the business posted $1.38 EPS. The company’s quarterly revenue was up 15.3% on a year-over-year basis. On average, equities analysts expect that American Tower Corporation will post $3.02 earnings per share for the current fiscal year.

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

TRADEMARK VIOLATION WARNING: “American Tower Corporation (REIT) (NYSE:AMT) Stake Decreased by AQR Capital Management LLC” was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this news story on another domain, it was stolen and republished in violation of US and international copyright laws. The correct version of this news story can be accessed at https://www.thecerbatgem.com/2017/08/08/aqr-capital-management-llc-reduces-position-in-american-tower-corporation-reit-nyseamt-updated-updated-updated.html.

Several research firms recently weighed in on AMT. Zacks Investment Research raised American Tower Corporation (REIT) from a “hold” rating to a “buy” rating and set a $152.00 price target for the company in a report on Thursday, August 3rd. Argus lifted their price target on American Tower Corporation (REIT) from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, August 3rd. BidaskClub cut American Tower Corporation (REIT) from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Cowen and Company reissued a “buy” rating and set a $155.00 price target on shares of American Tower Corporation (REIT) in a report on Wednesday, July 19th. Finally, Deutsche Bank AG lifted their price target on American Tower Corporation (REIT) from $145.00 to $157.00 and gave the stock a “buy” rating in a report on Friday, July 14th. One equities research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $142.67.

In other American Tower Corporation (REIT) news, EVP Steven C. Marshall sold 20,548 shares of the firm’s stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $134.92, for a total transaction of $2,772,336.16. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director David E. Sharbutt sold 3,653 shares of the firm’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $128.61, for a total value of $469,812.33. Following the sale, the director now owns 10,098 shares in the company, valued at approximately $1,298,703.78. The disclosure for this sale can be found here. Insiders sold 85,297 shares of company stock worth $10,975,069 in the last quarter. 0.86% of the stock is currently owned by company insiders.

American Tower Corporation (REIT) Company Profile

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)

Receive News & Stock Ratings for American Tower Corporation (REIT) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Tower Corporation (REIT) and related stocks with our FREE daily email newsletter.