NTV Asset Management LLC decreased its stake in American Tower Corporation (REIT) (NYSE:AMT) by 8.8% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 1,550 shares of the real estate investment trust’s stock after selling 150 shares during the period. NTV Asset Management LLC’s holdings in American Tower Corporation (REIT) were worth $205,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Alexandria Capital LLC boosted its position in shares of American Tower Corporation (REIT) by 0.5% in the second quarter. Alexandria Capital LLC now owns 812 shares of the real estate investment trust’s stock valued at $107,000 after buying an additional 4 shares in the last quarter. Cornerstone Advisors Inc. boosted its position in shares of American Tower Corporation (REIT) by 1.2% in the second quarter. Cornerstone Advisors Inc. now owns 1,235 shares of the real estate investment trust’s stock valued at $163,000 after buying an additional 15 shares in the last quarter. Baxter Bros Inc. boosted its position in shares of American Tower Corporation (REIT) by 0.4% in the second quarter. Baxter Bros Inc. now owns 3,470 shares of the real estate investment trust’s stock valued at $459,000 after buying an additional 15 shares in the last quarter. Guardian Life Insurance Co. of America boosted 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. Finally, HL Financial Services LLC boosted its position in shares of American Tower Corporation (REIT) by 0.5% in the second quarter. HL Financial Services LLC now owns 3,675 shares of the real estate investment trust’s stock valued at $486,000 after buying an additional 19 shares in the last quarter. Institutional investors and hedge funds own 92.08% of the company’s stock.

American Tower Corporation (NYSE AMT) opened at 145.78 on Tuesday. American Tower Corporation has a 1-year low of $99.72 and a 1-year high of $146.12. The company’s 50 day moving average is $137.50 and its 200-day moving average is $126.63. The stock has a market cap of $62.57 billion, a PE ratio of 58.31 and a beta of 0.71.

American Tower Corporation (REIT) (NYSE:AMT) last posted its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.80 earnings per share 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 company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period last year, the company earned $1.38 earnings per share. The business’s revenue for the quarter was up 15.3% compared to the same quarter last year. Equities research analysts forecast that American Tower Corporation will post $3.02 earnings per share for the current fiscal year.

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Several research analysts have recently weighed in on the stock. Cowen and Company reiterated a “buy” rating and set a $155.00 price target on shares of American Tower Corporation (REIT) in a research note on Wednesday, July 19th. Citigroup Inc. cut shares of American Tower Corporation (REIT) to an “outperform” rating and set a $147.00 price target on the stock. in a research note on Monday, June 12th. BidaskClub cut shares of American Tower Corporation (REIT) from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. Zacks Investment Research upgraded 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 research note on Thursday, August 3rd. Finally, Raymond James Financial, Inc. reiterated an “outperform” rating on shares of American Tower Corporation (REIT) in a research note on Monday, June 12th. Thirteen research analysts have rated the stock with a buy rating, American Tower Corporation (REIT) has a consensus rating of “Buy” and an average price target of $144.33.

In other news, Director Pamela D. A. Reeve sold 5,000 shares of the company’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $143.49, for a total transaction of $717,450.00. Following the transaction, the director now directly owns 17,758 shares of the company’s stock, valued at approximately $2,548,095.42. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Amit Sharma sold 20,747 shares of the company’s stock in a transaction on Friday, August 18th. The stock was sold at an average price of $139.67, for a total transaction of $2,897,733.49. Following the transaction, 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. Over the last ninety days, insiders have sold 46,295 shares of company stock worth $6,387,520. Corporate 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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