Commonwealth Equity Services Inc increased its position in American Tower Corporation (REIT) (NYSE:AMT) by 7.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,349 shares of the real estate investment trust’s stock after buying an additional 3,836 shares during the quarter. Commonwealth Equity Services Inc’s holdings in American Tower Corporation (REIT) were worth $7,975,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. CIBC World Markets Inc. lifted its holdings in shares of American Tower Corporation (REIT) by 100.6% in the second quarter. CIBC World Markets Inc. now owns 21,261 shares of the real estate investment trust’s stock valued at $2,813,000 after buying an additional 10,663 shares during the period. Oppenheimer & Co. Inc. lifted its holdings in shares of American Tower Corporation (REIT) by 33.0% in the second quarter. Oppenheimer & Co. Inc. now owns 81,470 shares of the real estate investment trust’s stock valued at $10,780,000 after buying an additional 20,222 shares during the period. State of Tennessee Treasury Department lifted its holdings in shares of American Tower Corporation (REIT) by 9.7% in the second quarter. State of Tennessee Treasury Department now owns 349,736 shares of the real estate investment trust’s stock valued at $46,277,000 after buying an additional 30,885 shares during the period. BB&T Corp lifted its holdings in shares of American Tower Corporation (REIT) by 3.1% in the third quarter. BB&T Corp now owns 37,161 shares of the real estate investment trust’s stock valued at $5,079,000 after buying an additional 1,104 shares during the period. Finally, BTC Capital Management Inc. lifted its holdings in shares of American Tower Corporation (REIT) by 1.3% in the second quarter. BTC Capital Management Inc. now owns 34,728 shares of the real estate investment trust’s stock valued at $4,592,000 after buying an additional 453 shares during the period. Institutional investors and hedge funds own 92.04% of the company’s stock.

In related news, Director Pamela D. A. Reeve sold 5,000 shares of the company’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $143.49, for a total transaction of $717,450.00. Following the transaction, the director now directly owns 17,758 shares of the company’s stock, valued at $2,548,095.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman James D. Taiclet, Jr. sold 34,000 shares of the company’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 disclosure for this sale can be found here. Insiders have sold 127,000 shares of company stock worth $18,297,610 over the last three months. 0.86% of the stock is owned by insiders.

AMT has been the subject of several research analyst reports. Citigroup Inc. upped their price objective on American Tower Corporation (REIT) from $142.00 to $167.00 and gave the company a “buy” rating in a report on Monday, August 28th. Zacks Investment Research upgraded American Tower Corporation (REIT) from a “sell” rating to a “hold” rating and set a $153.00 price objective for the company in a report on Thursday, July 27th. Royal Bank Of Canada restated a “buy” rating and issued a $153.00 price objective on shares of American Tower Corporation (REIT) in a report on Friday, September 1st. KeyCorp set a $156.00 price objective on American Tower Corporation (REIT) and gave the company an “overweight” rating in a report on Wednesday, November 1st. Finally, BidaskClub upgraded American Tower Corporation (REIT) from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. One equities research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $157.00.

American Tower Corporation (NYSE AMT) traded down $2.53 during trading hours on Friday, reaching $145.87. The company had a trading volume of 2,053,879 shares, compared to its average volume of 1,979,571. The firm has a market capitalization of $63,770.00, a price-to-earnings ratio of 23.14, a price-to-earnings-growth ratio of 1.76 and a beta of 0.74. American Tower Corporation has a 52-week low of $99.72 and a 52-week high of $155.28. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.61.

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About American Tower Corporation (REIT)

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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