RiverPark Advisors LLC lessened its position in shares of American Tower Corp (NYSE:AMT) by 3.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 34,740 shares of the real estate investment trust’s stock after selling 1,074 shares during the quarter. American Tower comprises approximately 0.6% of RiverPark Advisors LLC’s portfolio, making the stock its 26th largest position. RiverPark Advisors LLC’s holdings in American Tower were worth $4,748,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC raised its position in American Tower by 1,886.3% in the second 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 purchasing an additional 7,092,413 shares during the period. Dimensional Fund Advisors LP raised its position in American Tower by 823.2% in the second 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 purchasing an additional 1,432,155 shares during the period. Vanguard Group Inc. raised its position in American Tower by 3.2% in the second 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 purchasing an additional 881,020 shares during the period. Prudential Financial Inc. raised its position in American Tower by 56.7% in the second quarter. Prudential Financial Inc. now owns 1,963,407 shares of the real estate investment trust’s stock valued at $259,798,000 after purchasing an additional 710,130 shares during the period. Finally, Winslow Capital Management LLC raised its position in American Tower by 36.5% in the second quarter. Winslow Capital Management LLC now owns 2,539,716 shares of the real estate investment trust’s stock valued at $336,055,000 after purchasing an additional 679,096 shares during the period. 91.89% of the stock is currently owned by hedge funds and other institutional investors.

American Tower Corp (NYSE AMT) opened at $141.80 on Thursday. The company has a market cap of $60,365.77, a price-to-earnings ratio of 21.79, a price-to-earnings-growth ratio of 1.66 and a beta of 0.73. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.42 and a quick ratio of 1.42. American Tower Corp has a 12 month low of $100.88 and a 12 month high of $155.28.

A number of analysts have issued reports on AMT shares. Citigroup boosted their target price on American Tower from $142.00 to $167.00 and gave the company a “buy” rating in a research report on Monday, August 28th. Zacks Investment Research raised American Tower from a “hold” rating to a “buy” rating and set a $160.00 target price on the stock in a research report on Friday, November 3rd. Royal Bank Of Canada reissued a “buy” rating and issued a $153.00 target price on shares of American Tower in a research report on Friday, September 1st. KeyCorp set a $156.00 target price on American Tower and gave the company an “overweight” rating in a research report on Wednesday, November 1st. Finally, BidaskClub raised American Tower from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. American Tower currently has a consensus rating of “Buy” and an average target price of $158.50.

In other American Tower news, Chairman James D. Taiclet, Jr. sold 34,000 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $151.20, for a total value of $5,140,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Edmund Disanto sold 10,000 shares of the business’s stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $137.95, for a total transaction of $1,379,500.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 122,000 shares of company stock valued at $17,580,160. Insiders own 0.86% of the company’s stock.

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American Tower 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 (NYSE:AMT)

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