Teachers Insurance & Annuity Association of America cut its position in American Tower Corporation (REIT) (NYSE:AMT) by 3.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 422,914 shares of the real estate investment trust’s stock after selling 13,295 shares during the period. American Tower Corporation (REIT) makes up 1.9% of Teachers Insurance & Annuity Association of America’s investment portfolio, making the stock its 7th largest position. Teachers Insurance & Annuity Association of America owned about 0.10% of American Tower Corporation (REIT) worth $55,960,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. DUPONT CAPITAL MANAGEMENT Corp increased its position in American Tower Corporation (REIT) by 12.7% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 120,101 shares of the real estate investment trust’s stock valued at $14,597,000 after buying an additional 13,581 shares during the last quarter. Whittier Trust Co. increased its position in American Tower Corporation (REIT) by 2.7% in the first quarter. Whittier Trust Co. now owns 72,655 shares of the real estate investment trust’s stock valued at $8,830,000 after buying an additional 1,894 shares during the last quarter. BTC Capital Management Inc. increased its position in American Tower Corporation (REIT) by 2.7% in the first quarter. BTC Capital Management Inc. now owns 34,275 shares of the real estate investment trust’s stock valued at $4,167,000 after buying an additional 892 shares during the last quarter. iAB Financial Bank increased its position in American Tower Corporation (REIT) by 1.8% in the first quarter. iAB Financial Bank now owns 2,035 shares of the real estate investment trust’s stock valued at $247,000 after buying an additional 35 shares during the last quarter. Finally, Miller Howard Investments Inc. NY increased its position in American Tower Corporation (REIT) by 9.1% in the first quarter. Miller Howard Investments Inc. NY now owns 28,851 shares of the real estate investment trust’s stock valued at $3,507,000 after buying an additional 2,404 shares during the last quarter. 92.08% of the stock is currently owned by institutional investors and hedge funds.

American Tower Corporation (AMT) traded up 0.29% during midday trading on Tuesday, hitting $146.20. 101,850 shares of the company traded hands. The stock’s 50-day moving average price is $137.50 and its 200 day moving average price is $126.63. American Tower Corporation has a 12-month low of $99.72 and a 12-month high of $146.34. The company has a market capitalization of $62.75 billion, a price-to-earnings ratio of 58.48 and a beta of 0.71.

American Tower Corporation (REIT) (NYSE:AMT) last posted its earnings results on Thursday, July 27th. The real estate investment trust reported $0.80 earnings per share for the quarter, missing the consensus estimate of $1.55 by $0.75. The business had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.64 billion. American Tower Corporation (REIT) had a return on equity of 16.70% and a net margin of 18.58%. American Tower Corporation (REIT)’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.38 EPS. On average, equities analysts forecast that American Tower Corporation will post $3.02 EPS for the current year.

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AMT has been the topic of several research analyst reports. BidaskClub raised American Tower Corporation (REIT) from a “hold” rating to a “buy” rating in a research report on Saturday. Citigroup Inc. raised their price target on American Tower Corporation (REIT) from $142.00 to $167.00 and gave the company a “buy” rating in a research report on Monday. Zacks Investment Research raised American Tower Corporation (REIT) from a “hold” rating to a “buy” rating and set a $152.00 price target on the stock in a research report on Thursday, August 3rd. Argus raised their price target on American Tower Corporation (REIT) from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, August 3rd. Finally, Cowen and Company reaffirmed a “buy” rating and issued a $155.00 price target on shares of American Tower Corporation (REIT) in a research report on Wednesday, July 19th. Thirteen research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus target price of $144.33.

In other news, Director Pamela D. A. Reeve sold 5,000 shares of American Tower Corporation (REIT) stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $143.49, for a total value of $717,450.00. Following the completion of the transaction, the director now owns 17,758 shares in the company, valued at $2,548,095.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 disclosure for this sale can be found here. Insiders sold 46,295 shares of company stock valued at $6,387,520 in the last quarter. Corporate insiders own 0.86% of the company’s stock.

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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