Legal & General Group Plc increased its holdings in American Tower Corporation (REIT) (NYSE:AMT) by 3.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,645,315 shares of the real estate investment trust’s stock after purchasing an additional 91,191 shares during the period. Legal & General Group Plc owned approximately 0.62% of American Tower worth $361,555,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in AMT. Alexandria Capital LLC increased its position in American Tower by 0.5% during the second quarter. Alexandria Capital LLC now owns 812 shares of the real estate investment trust’s stock valued at $107,000 after acquiring an additional 4 shares during the last quarter. Cornerstone Advisors Inc. increased its position in American Tower by 1.2% during the second quarter. Cornerstone Advisors Inc. now owns 1,235 shares of the real estate investment trust’s stock valued at $163,000 after acquiring an additional 15 shares during the last quarter. Baxter Bros Inc. increased its position in American Tower by 0.4% during the second quarter. Baxter Bros Inc. now owns 3,470 shares of the real estate investment trust’s stock valued at $459,000 after acquiring an additional 15 shares during the last quarter. HL Financial Services LLC increased its position in American Tower by 0.5% during the second quarter. HL Financial Services LLC now owns 3,675 shares of the real estate investment trust’s stock valued at $486,000 after acquiring an additional 19 shares during the last quarter. Finally, Atlantic Trust LLC increased its position in American Tower by 0.5% during the second quarter. Atlantic Trust LLC now owns 4,345 shares of the real estate investment trust’s stock valued at $575,000 after acquiring an additional 21 shares during the last quarter. Institutional investors own 92.28% of the company’s stock.

In other news, Chairman James D. Taiclet, Jr. sold 34,000 shares of the business’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $145.89, for a total transaction of $4,960,260.00. Following the completion of the sale, the chairman now directly owns 304,707 shares of the company’s stock, valued at $44,453,704.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Edmund Disanto sold 10,000 shares of the business’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $136.00, for a total transaction of $1,360,000.00. Following the sale, the executive vice president now directly owns 151,928 shares of the company’s stock, valued at $20,662,208. The disclosure for this sale can be found here. Insiders have sold 122,000 shares of company stock valued at $17,580,160 over the last three months. Insiders own 0.86% of the company’s stock.

A number of research firms have weighed in on AMT. Morgan Stanley boosted their price objective on shares of American Tower from $155.00 to $172.00 and gave the company an “overweight” rating in a research report on Tuesday, November 14th. ValuEngine upgraded shares of American Tower from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. Zacks Investment Research cut shares of American Tower from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Argus boosted their price objective on shares of American Tower to $170.00 and gave the company a “buy” rating in a research report on Thursday, November 9th. Finally, Jefferies Group LLC boosted their price objective on shares of American Tower from $144.00 to $163.00 and gave the company a “buy” rating in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $157.00.

Shares of American Tower Corporation (AMT) opened at $147.30 on Monday. The stock has a market cap of $63,170.49, a price-to-earnings ratio of 22.80, a PEG ratio of 1.73 and a beta of 0.74. American Tower Corporation has a one year low of $99.72 and a one year high of $155.28. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.42 and a current ratio of 1.42.

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American Tower 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.

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

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