Homrich & Berg boosted its position in American Tower Corporation (REIT) (NYSE:AMT) by 1.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,163 shares of the real estate investment trust’s stock after buying an additional 117 shares during the period. Homrich & Berg’s holdings in American Tower Corporation (REIT) were worth $948,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Waldron LP purchased a new stake in American Tower Corporation (REIT) during the first quarter worth about $307,000. Acadian Asset Management LLC increased its stake in American Tower Corporation (REIT) by 296.4% in the first quarter. Acadian Asset Management LLC now owns 4,761 shares of the real estate investment trust’s stock worth $579,000 after buying an additional 3,560 shares during the last quarter. First Citizens Bank & Trust Co. increased its stake in American Tower Corporation (REIT) by 4.4% in the first quarter. First Citizens Bank & Trust Co. now owns 4,728 shares of the real estate investment trust’s stock worth $575,000 after buying an additional 200 shares during the last quarter. NBT Bank N A NY purchased a new stake in American Tower Corporation (REIT) during the first quarter worth about $225,000. Finally, Janney Montgomery Scott LLC increased its stake in American Tower Corporation (REIT) by 19.9% in the first quarter. Janney Montgomery Scott LLC now owns 43,143 shares of the real estate investment trust’s stock worth $5,244,000 after buying an additional 7,152 shares during the last quarter. 92.08% of the stock is currently owned by institutional investors and hedge funds.

American Tower Corporation (NYSE:AMT) traded up 0.31% during trading on Tuesday, reaching $146.23. The company had a trading volume of 101,448 shares. The firm has a market capitalization of $62.76 billion, a price-to-earnings ratio of 58.49 and a beta of 0.71. American Tower Corporation has a 52 week low of $99.72 and a 52 week high of $146.34. The company’s 50-day moving average is $137.50 and its 200 day moving average is $126.63.

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

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A number of analysts have issued reports on AMT shares. Zacks Investment Research raised American Tower Corporation (REIT) from a “hold” rating to a “buy” rating and set a $142.00 price objective on the stock in a research note on Thursday, May 4th. Citigroup Inc. cut American Tower Corporation (REIT) to an “outperform” rating and set a $147.00 target price for the company. in a report on Monday, June 12th. Raymond James Financial, Inc. reiterated an “outperform” rating on shares of American Tower Corporation (REIT) in a report on Monday, June 12th. BidaskClub cut American Tower Corporation (REIT) from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $150.00 target price on shares of American Tower Corporation (REIT) in a report on Thursday, July 6th. Thirteen equities research analysts have rated the stock with a buy rating, American Tower Corporation (REIT) currently has a consensus rating of “Buy” and an average target price of $144.33.

In other 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 completion of the sale, the director now directly owns 17,758 shares in the company, valued at approximately $2,548,095.42. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Amit Sharma sold 20,747 shares of the company’s stock in a transaction on Friday, August 18th. The stock was sold at an average price of $139.67, for a total value of $2,897,733.49. Following the sale, the executive vice president now owns 101,605 shares of the company’s stock, valued at $14,191,170.35. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 46,295 shares of company stock valued at $6,387,520. 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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