Campbell Newman Asset Management Inc. raised its position in shares of American Tower Corporation (REIT) (NYSE:AMT) by 60.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 115,359 shares of the real estate investment trust’s stock after buying an additional 43,291 shares during the period. American Tower Corporation (REIT) makes up approximately 2.7% of Campbell Newman Asset Management Inc.’s portfolio, making the stock its 14th largest position. Campbell Newman Asset Management Inc.’s holdings in American Tower Corporation (REIT) were worth $15,264,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in AMT. Shine Investment Advisory Services Inc. bought a new position in American Tower Corporation (REIT) during the second quarter valued at about $100,000. Alexandria Capital LLC boosted its position in 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 during the period. Peddock Capital Advisors LLC bought a new position in American Tower Corporation (REIT) during the second quarter valued at about $119,000. Heritage Trust Co bought a new position in American Tower Corporation (REIT) during the first quarter valued at about $122,000. Finally, Webster Bank N. A. boosted its position in 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 valued at $122,000 after buying an additional 465 shares during the period. 92.08% of the stock is owned by institutional investors and hedge funds.

Shares of American Tower Corporation (NYSE AMT) traded down 1.54% during mid-day trading on Friday, reaching $145.77. 1,766,073 shares of the company’s stock were exchanged. American Tower Corporation has a 52-week low of $99.72 and a 52-week high of $148.71. The stock has a market cap of $62.56 billion, a price-to-earnings ratio of 58.31 and a beta of 0.70. The stock’s 50-day moving average is $139.43 and its 200-day moving average is $128.11.

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

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Several analysts recently commented on AMT shares. Zacks Investment Research lowered shares of American Tower Corporation (REIT) from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Raymond James Financial, Inc. reissued an “outperform” rating on shares of American Tower Corporation (REIT) in a research note on Monday, June 12th. Citigroup Inc. lowered shares of American Tower Corporation (REIT) to an “outperform” rating and set a $147.00 target price for the company. in a research note on Monday, June 12th. BidaskClub lowered shares of American Tower Corporation (REIT) from a “buy” rating to a “hold” rating in a research note on Saturday, July 1st. Finally, Argus upped their price target on shares of American Tower Corporation (REIT) from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, August 3rd. Thirteen analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average target price of $145.00.

In related news, EVP Amit Sharma sold 20,747 shares of the company’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $139.67, for a total transaction of $2,897,733.49. Following the completion of the sale, the executive vice president now owns 101,605 shares of the company’s stock, valued at $14,191,170.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Steven C. Marshall sold 20,548 shares of the company’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 disclosure for this sale can be found here. Over the last quarter, insiders sold 46,295 shares of company stock worth $6,387,520. Corporate insiders own 0.86% of the company’s stock.

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.

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

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