Thompson Siegel & Walmsley LLC maintained its stake in American Tower Corporation (REIT) (NYSE:AMT) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,298 shares of the real estate investment trust’s stock at the end of the 2nd quarter. Thompson Siegel & Walmsley LLC’s holdings in American Tower Corporation (REIT) were worth $172,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. State of Tennessee Treasury Department grew its holdings in American Tower Corporation (REIT) by 9.7% during the 2nd quarter. State of Tennessee Treasury Department now owns 349,736 shares of the real estate investment trust’s stock worth $46,277,000 after acquiring an additional 30,885 shares during the last quarter. Campbell Newman Asset Management Inc. grew its holdings in American Tower Corporation (REIT) by 60.1% during the 2nd quarter. Campbell Newman Asset Management Inc. now owns 115,359 shares of the real estate investment trust’s stock worth $15,264,000 after acquiring an additional 43,291 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings in American Tower Corporation (REIT) by 33.0% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 81,470 shares of the real estate investment trust’s stock worth $10,780,000 after acquiring an additional 20,222 shares during the last quarter. Swiss National Bank grew its holdings in American Tower Corporation (REIT) by 3.5% during the 2nd quarter. Swiss National Bank now owns 1,560,683 shares of the real estate investment trust’s stock worth $206,510,000 after acquiring an additional 52,300 shares during the last quarter. Finally, Tuttle Tactical Management LLC bought a new stake in American Tower Corporation (REIT) during the 2nd quarter worth about $824,000. 92.09% of the stock is currently owned by hedge funds and other institutional investors.

American Tower Corporation (NYSE AMT) opened at 144.99 on Friday. The company’s 50-day moving average is $140.73 and its 200 day moving average is $129.21. American Tower Corporation has a 1-year low of $99.72 and a 1-year high of $148.71. The company has a market cap of $62.23 billion, a price-to-earnings ratio of 58.00 and a beta of 0.70.

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 (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 firm 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 company earned $1.38 EPS. The business’s quarterly revenue was up 15.3% compared to the same quarter last year. On average, equities analysts predict that American Tower Corporation will post $3.02 EPS for the current fiscal year.

AMT has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of American Tower Corporation (REIT) from a “sell” rating to a “hold” rating and set a $153.00 price objective on the stock in a report on Thursday, July 27th. Citigroup Inc. increased their price objective on shares of American Tower Corporation (REIT) from $142.00 to $167.00 and gave the stock a “buy” rating in a report on Monday, August 28th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $153.00 target price on shares of American Tower Corporation (REIT) in a research note on Friday, September 1st. Deutsche Bank AG raised their target price on shares of American Tower Corporation (REIT) from $145.00 to $157.00 and gave the company a “buy” rating in a research note on Friday, July 14th. Finally, Argus raised their target price on shares of American Tower Corporation (REIT) from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, August 3rd. Thirteen investment analysts have rated the stock with a buy rating, American Tower Corporation (REIT) currently has a consensus rating of “Buy” and a consensus price target of $145.00.

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In related news, EVP Steven C. Marshall sold 20,548 shares of the company’s stock in a transaction that occurred 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 legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Amit Sharma sold 20,747 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the executive vice president now owns 101,605 shares in the company, valued at $14,191,170.35. The disclosure for this sale can be found here. Insiders sold 46,295 shares of company stock worth $6,387,520 over the last quarter. 0.86% of the stock is currently owned by company insiders.

American Tower Corporation (REIT) 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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