Bruni J V & Co. Co. cut its stake in shares of American Tower Corporation (REIT) (NYSE:AMT) by 2.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 294,276 shares of the real estate investment trust’s stock after selling 7,140 shares during the period. American Tower Corporation (REIT) comprises approximately 7.7% of Bruni J V & Co. Co.’s investment portfolio, making the stock its 4th largest holding. Bruni J V & Co. Co. owned 0.07% of American Tower Corporation (REIT) worth $40,222,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of AMT. Janus Henderson Group PLC lifted its stake in American Tower Corporation (REIT) by 1,886.3% during the 2nd quarter. Janus Henderson Group PLC now owns 7,468,416 shares of the real estate investment trust’s stock valued at $988,214,000 after acquiring an additional 7,092,413 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in American Tower Corporation (REIT) by 823.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,606,119 shares of the real estate investment trust’s stock valued at $212,525,000 after acquiring an additional 1,432,155 shares in the last quarter. Vanguard Group Inc. lifted its stake in American Tower Corporation (REIT) by 3.2% during the 2nd quarter. Vanguard Group Inc. now owns 28,442,502 shares of the real estate investment trust’s stock valued at $3,763,512,000 after acquiring an additional 881,020 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of American Tower Corporation (REIT) by 56.7% during the 2nd quarter. Prudential Financial Inc. now owns 1,963,407 shares of the real estate investment trust’s stock worth $259,798,000 after purchasing an additional 710,130 shares during the period. Finally, Winslow Capital Management LLC raised its stake in shares of American Tower Corporation (REIT) by 36.5% during the 2nd quarter. Winslow Capital Management LLC now owns 2,539,716 shares of the real estate investment trust’s stock worth $336,055,000 after purchasing an additional 679,096 shares during the period. Institutional investors and hedge funds own 92.28% of the company’s stock.

In related news, Director Pamela D. A. Reeve sold 5,000 shares of American Tower Corporation (REIT) stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $143.49, for a total value of $717,450.00. Following the completion of the sale, the director now owns 17,758 shares of the company’s stock, valued at approximately $2,548,095.42. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman James D. Taiclet, Jr. sold 34,000 shares of American Tower Corporation (REIT) stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $145.89, for a total value of $4,960,260.00. Following the completion of the sale, the chairman now directly owns 304,707 shares of the company’s stock, valued at approximately $44,453,704.23. The disclosure for this sale can be found here. In the last three months, insiders sold 127,000 shares of company stock valued at $18,297,610. 0.86% of the stock is currently owned by insiders.

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AMT has been the topic of a number of recent analyst reports. Jefferies Group LLC reiterated a “buy” rating and set a $144.00 target price on shares of American Tower Corporation (REIT) in a research note on Tuesday, September 12th. Zacks Investment Research upgraded American Tower Corporation (REIT) from a “hold” rating to a “buy” rating and set a $152.00 target price on the stock in a research note on Thursday, August 3rd. Macquarie lifted their target price on American Tower Corporation (REIT) from $162.00 to $165.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 1st. BidaskClub upgraded American Tower Corporation (REIT) from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. Finally, KeyCorp set a $156.00 target price on American Tower Corporation (REIT) and gave the stock an “overweight” rating in a research note on Wednesday, November 1st. One analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. American Tower Corporation (REIT) currently has an average rating of “Buy” and a consensus target price of $157.00.

Shares of American Tower Corporation (AMT) traded up $0.72 on Monday, reaching $146.59. The company had a trading volume of 868,978 shares, compared to its average volume of 1,979,571. American Tower Corporation has a 52 week low of $99.72 and a 52 week high of $155.28. The stock has a market cap of $62,557.22, a price-to-earnings ratio of 22.58, a P/E/G ratio of 1.72 and a beta of 0.74. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.61.

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.

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

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