B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund maintained its stake in American Tower Corporation (REIT) (NYSE:AMT) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 141,072 shares of the real estate investment trust’s stock at the end of the second quarter. American Tower Corporation (REIT) makes up 2.0% of B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s investment portfolio, making the stock its 13th largest position. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s holdings in American Tower Corporation (REIT) were worth $18,667,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Acadian Asset Management LLC raised its stake in American Tower Corporation (REIT) by 296.4% in the first quarter. Acadian Asset Management LLC now owns 4,761 shares of the real estate investment trust’s stock valued at $579,000 after buying an additional 3,560 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in American Tower Corporation (REIT) by 19.9% in the first quarter. Janney Montgomery Scott LLC now owns 43,143 shares of the real estate investment trust’s stock valued at $5,244,000 after buying an additional 7,152 shares in the last quarter. Telos Capital Management Inc. raised its stake in American Tower Corporation (REIT) by 17.0% in the first quarter. Telos Capital Management Inc. now owns 13,033 shares of the real estate investment trust’s stock valued at $1,584,000 after buying an additional 1,897 shares in the last quarter. Wellington Management Group LLP raised its stake in 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 valued at $2,648,146,000 after buying an additional 1,679,615 shares in the last quarter. Finally, Israel Discount Bank of New York purchased a new position in American Tower Corporation (REIT) during the first quarter valued at approximately $640,000. Institutional investors and hedge funds own 92.36% of the company’s stock.

Shares of American Tower Corporation (AMT) traded up 1.42% on Friday, reaching $145.84. 210,780 shares of the company’s stock were exchanged. American Tower Corporation has a one year low of $99.72 and a one year high of $146.00. The firm has a 50 day moving average of $137.15 and a 200 day moving average of $126.34. The firm has a market capitalization of $62.59 billion, a P/E ratio of 58.34 and a beta of 0.71.

American Tower Corporation (REIT) (NYSE:AMT) last issued its earnings results on Thursday, July 27th. The real estate investment trust reported $0.80 earnings per share for the quarter, missing the Thomson Reuters’ 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 company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same period in the prior year, the business earned $1.38 earnings per share. American Tower Corporation (REIT)’s quarterly revenue was up 15.3% on a year-over-year basis. On average, equities research analysts predict that American Tower Corporation will post $3.02 EPS for the current year.

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Several research analysts recently commented on the stock. Argus boosted their price objective on shares of American Tower Corporation (REIT) from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Zacks Investment Research upgraded shares of American Tower Corporation (REIT) from a “hold” rating to a “buy” rating and set a $152.00 price objective for the company in a research note on Thursday, August 3rd. BidaskClub lowered shares of American Tower Corporation (REIT) from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Cowen and Company reiterated a “buy” rating and set a $155.00 price objective on shares of American Tower Corporation (REIT) in a research note on Wednesday, July 19th. Finally, Deutsche Bank AG boosted their price objective on shares of American Tower Corporation (REIT) from $145.00 to $157.00 and gave the stock a “buy” rating in a research note on Friday, July 14th. One equities research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. American Tower Corporation (REIT) currently has an average rating of “Buy” and a consensus price target of $142.67.

In other American Tower Corporation (REIT) news, EVP Steven C. Marshall sold 20,548 shares of the stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $134.92, for a total value of $2,772,336.16. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Amit Sharma sold 20,747 shares of the stock in a transaction on Friday, August 18th. The stock was sold at an average price of $139.67, for a total value of $2,897,733.49. Following the completion of the sale, the executive vice president now directly owns 101,605 shares in the company, valued at $14,191,170.35. The disclosure for this sale can be found here. 0.86% of the stock is owned by company insiders.

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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