Findlay Park Partners LLP trimmed its holdings in shares of American Tower Corporation (REIT) (NYSE:AMT) by 21.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 818,779 shares of the real estate investment trust’s stock after selling 221,002 shares during the period. Findlay Park Partners LLP owned about 0.19% of American Tower Corporation (REIT) worth $111,911,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Shine Investment Advisory Services Inc. bought a new stake in shares of American Tower Corporation (REIT) during the 2nd quarter worth $100,000. Alexandria Capital LLC raised its stake in shares of American Tower Corporation (REIT) by 0.5% during the 2nd quarter. Alexandria Capital LLC now owns 812 shares of the real estate investment trust’s stock worth $107,000 after purchasing an additional 4 shares during the period. Howe & Rusling Inc. raised its stake in shares of American Tower Corporation (REIT) by 1,608.0% during the 3rd quarter. Howe & Rusling Inc. now owns 854 shares of the real estate investment trust’s stock worth $117,000 after purchasing an additional 804 shares during the period. Peddock Capital Advisors LLC bought a new stake in shares of American Tower Corporation (REIT) during the 2nd quarter worth $119,000. Finally, Legacy Advisors LLC bought a new stake in shares of American Tower Corporation (REIT) during the 3rd quarter worth $132,000. Institutional investors own 92.28% of the company’s stock.

AMT has been the topic of a number of recent analyst reports. Citigroup Inc. lifted their target price on American Tower Corporation (REIT) from $142.00 to $167.00 and gave the stock a “buy” rating in a research note 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 target price on the stock in a research note on Thursday, July 27th. Royal Bank Of Canada reiterated a “buy” rating and set a $153.00 target price on shares of American Tower Corporation (REIT) in a research note on Friday, September 1st. 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. Finally, BidaskClub raised American Tower Corporation (REIT) from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. One research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. American Tower Corporation (REIT) has an average rating of “Buy” and a consensus price target of $157.00.

In other American Tower Corporation (REIT) news, EVP Edmund Disanto sold 10,000 shares of American Tower Corporation (REIT) stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $137.95, for a total transaction of $1,379,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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, 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 a total of 127,000 shares of company stock valued at $18,297,610 in the last ninety days. Insiders own 0.86% of the company’s stock.

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American Tower Corporation (NYSE:AMT) traded up $0.72 during mid-day trading on Tuesday, reaching $146.94. The company’s stock had a trading volume of 906,811 shares, compared to its average volume of 1,978,341. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.61. The stock has a market cap of $62,710.00, a price-to-earnings ratio of 22.58, a PEG ratio of 1.72 and a beta of 0.74. American Tower Corporation has a 1-year low of $99.72 and a 1-year high of $155.28.

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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