BTC Capital Management Inc. increased its stake in American Tower Corporation (REIT) (NYSE:AMT) by 1.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,728 shares of the real estate investment trust’s stock after buying an additional 453 shares during the period. BTC Capital Management Inc.’s holdings in American Tower Corporation (REIT) were worth $4,592,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Shine Investment Advisory Services Inc. purchased a new stake in American Tower Corporation (REIT) during the second quarter valued at about $100,000. Alexandria Capital LLC raised its stake in American Tower Corporation (REIT) by 0.5% in the second quarter. Alexandria Capital LLC now owns 812 shares of the real estate investment trust’s stock valued at $107,000 after buying an additional 4 shares during the last quarter. Webster Bank N. A. raised its stake in American Tower Corporation (REIT) by 86.1% in the first quarter. Webster Bank N. A. now owns 1,005 shares of the real estate investment trust’s stock valued at $122,000 after buying an additional 465 shares during the last quarter. Heritage Trust Co purchased a new stake in American Tower Corporation (REIT) during the first quarter valued at about $122,000. Finally, Farmers & Merchants Investments Inc. raised its stake in American Tower Corporation (REIT) by 72.6% in the second quarter. Farmers & Merchants Investments Inc. now owns 1,189 shares of the real estate investment trust’s stock valued at $157,000 after buying an additional 500 shares during the last quarter. 92.36% of the stock is currently owned by institutional investors.

Shares of American Tower Corporation (AMT) opened at 139.69 on Wednesday. American Tower Corporation has a 52-week low of $99.72 and a 52-week high of $140.16. The stock’s 50 day moving average is $135.59 and its 200 day moving average is $124.75. The stock has a market capitalization of $59.95 billion, a PE ratio of 55.88 and a beta of 0.71.

American Tower Corporation (REIT) (NYSE:AMT) last posted its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.80 EPS for the quarter, missing the Zacks’ consensus estimate of $1.55 by $0.75. American Tower Corporation (REIT) had a net margin of 18.58% and a return on equity of 16.70%. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter last year, the company earned $1.38 earnings per share. The company’s revenue was up 15.3% compared to the same quarter last year. Equities research analysts expect that American Tower Corporation will post $3.02 earnings per share for the current fiscal year.

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A number of research analysts recently weighed in on AMT shares. Argus raised their price target on shares of American Tower Corporation (REIT) from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, August 3rd. Zacks Investment Research raised shares of 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. BidaskClub raised shares of American Tower Corporation (REIT) from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Deutsche Bank AG raised their target price on shares of American Tower Corporation (REIT) from $145.00 to $157.00 and gave the stock a “buy” rating in a research note on Friday, July 14th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $150.00 target price on shares of American Tower Corporation (REIT) in a research note on Thursday, July 6th. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $142.67.

In other American Tower Corporation (REIT) news, EVP Steven C. Marshall sold 20,548 shares of the firm’s stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $134.92, for a total transaction of $2,772,336.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director David E. Sharbutt sold 3,653 shares of the firm’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $128.61, for a total transaction of $469,812.33. Following the transaction, the director now directly owns 10,098 shares in the company, valued at approximately $1,298,703.78. The disclosure for this sale can be found here. Company insiders own 0.86% of the company’s stock.

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.

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

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