Texas Yale Capital Corp. continued to hold its stake in shares of American Tower Corporation (REIT) (NYSE:AMT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,598 shares of the real estate investment trust’s stock at the end of the second quarter. Texas Yale Capital Corp.’s holdings in American Tower Corporation (REIT) were worth $1,402,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in AMT. Vanguard Group Inc. raised its stake in shares of American Tower Corporation (REIT) by 3.8% in the first quarter. Vanguard Group Inc. now owns 27,561,482 shares of the real estate investment trust’s stock worth $3,349,823,000 after buying an additional 1,008,946 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of American Tower Corporation (REIT) by 8.4% in the first quarter. Wellington Management Group LLP now owns 21,788,278 shares of the real estate investment trust’s stock worth $2,648,146,000 after buying an additional 1,679,615 shares in the last quarter. Edgewood Management LLC boosted its position in American Tower Corporation (REIT) by 2.6% in the first quarter. Edgewood Management LLC now owns 5,925,839 shares of the real estate investment trust’s stock worth $720,226,000 after buying an additional 151,527 shares during the last quarter. American Century Companies Inc. boosted its position in American Tower Corporation (REIT) by 60.8% in the first quarter. American Century Companies Inc. now owns 3,986,977 shares of the real estate investment trust’s stock worth $484,577,000 after buying an additional 1,507,172 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in American Tower Corporation (REIT) by 8.7% in the first quarter. Geode Capital Management LLC now owns 3,789,461 shares of the real estate investment trust’s stock worth $459,850,000 after buying an additional 303,425 shares during the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Shares of American Tower Corporation (NYSE:AMT) opened at 140.00 on Monday. The stock’s 50 day moving average is $136.09 and its 200 day moving average is $125.24. The firm has a market cap of $60.08 billion, a PE ratio of 56.00 and a beta of 0.71. American Tower Corporation has a 12 month low of $99.72 and a 12 month high of $141.51.

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 for the quarter, missing the consensus estimate of $1.55 by $0.75. The firm had revenue of $1.66 billion during 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%. The business’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.38 earnings per share. On average, analysts anticipate that American Tower Corporation will post $3.02 earnings per share for the current fiscal year.

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A number of research firms have commented on AMT. Cowen and Company reaffirmed a “buy” rating and issued a $155.00 target price on shares of American Tower Corporation (REIT) in a research report on Wednesday, July 19th. Citigroup Inc. cut shares of American Tower Corporation (REIT) to an “outperform” rating and set a $147.00 target price on the stock. in a research report on Monday, June 12th. BidaskClub cut shares of American Tower Corporation (REIT) from a “buy” rating to a “hold” rating in a research 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 target price on the stock in a research report on Thursday, August 3rd. Finally, Raymond James Financial, Inc. reaffirmed an “outperform” rating on shares of American Tower Corporation (REIT) in a research report on Monday, June 12th. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. American Tower Corporation (REIT) presently has a consensus rating of “Buy” and an average price target of $142.67.

In other news, EVP Steven C. Marshall sold 20,548 shares of American Tower Corporation (REIT) stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $134.92, for a total value of $2,772,336.16. The transaction was disclosed in a document filed with the SEC, which is available through this link. 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.

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

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