Robeco Institutional Asset Management B.V. raised its holdings in shares of American Tower Corporation (REIT) (NYSE:AMT) by 5.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,912 shares of the real estate investment trust’s stock after purchasing an additional 1,104 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in American Tower Corporation (REIT) were worth $2,767,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Acadian Asset Management LLC increased its stake in American Tower Corporation (REIT) by 296.4% during the 1st quarter. Acadian Asset Management LLC now owns 4,761 shares of the real estate investment trust’s stock valued at $579,000 after purchasing an additional 3,560 shares in the last quarter. Telos Capital Management Inc. increased its stake in American Tower Corporation (REIT) by 17.0% during the 1st quarter. Telos Capital Management Inc. now owns 13,033 shares of the real estate investment trust’s stock valued at $1,584,000 after purchasing an additional 1,897 shares in the last quarter. Wellington Management Group LLP increased its stake in American Tower Corporation (REIT) by 8.4% during the 1st 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 purchasing an additional 1,679,615 shares in the last quarter. Israel Discount Bank of New York bought a new stake in American Tower Corporation (REIT) during the 1st quarter valued at $640,000. Finally, Halbert Hargrove Russell LLC bought a new stake in American Tower Corporation (REIT) during the 1st quarter valued at $239,000. Institutional investors and hedge funds own 92.09% of the company’s stock.

A number of analysts have commented on AMT shares. Citigroup Inc. lowered shares of American Tower Corporation (REIT) to an “outperform” rating and set a $147.00 price target for the company. in a research note on Monday, June 12th. Raymond James Financial, Inc. restated an “outperform” rating on shares of American Tower Corporation (REIT) 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 Tuesday, June 13th. Zacks Investment Research lowered shares of American Tower Corporation (REIT) from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, Stifel Nicolaus restated a “buy” rating and set a $150.00 price target on shares of American Tower Corporation (REIT) in a research note on Thursday, July 6th. Thirteen investment analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus price target of $145.00.

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 transaction of $2,772,336.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Amit Sharma sold 20,747 shares of American Tower Corporation (REIT) stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $139.67, for a total value 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. Insiders own 0.86% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Robeco Institutional Asset Management B.V. Acquires 1,104 Shares of American Tower Corporation (REIT) (AMT)” was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this news story on another site, it was illegally copied and republished in violation of US & international copyright and trademark laws. The original version of this news story can be viewed at https://www.thecerbatgem.com/2017/09/05/robeco-institutional-asset-management-b-v-acquires-1104-shares-of-american-tower-corporation-reit-amt.html.

American Tower Corporation (NYSE AMT) opened at 145.77 on Tuesday. The stock has a market capitalization of $62.56 billion, a P/E ratio of 58.31 and a beta of 0.70. The company has a 50 day moving average of $139.43 and a 200-day moving average of $128.11. American Tower Corporation has a one year low of $99.72 and a one year high of $148.71.

American Tower Corporation (REIT) (NYSE:AMT) last posted its quarterly earnings data 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 net margin of 18.58% and a return on equity of 16.70%. The company had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the previous year, the firm earned $1.38 earnings per share. The firm’s quarterly revenue was up 15.3% on a year-over-year basis. Equities research analysts predict that American Tower Corporation will post $3.02 earnings per share for the current fiscal year.

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.

Want to see what other hedge funds are holding AMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Tower Corporation (REIT) (NYSE:AMT).

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.