Park Avenue Securities LLC purchased a new position in American Tower Corporation (REIT) (NYSE:AMT) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,619 shares of the real estate investment trust’s stock, valued at approximately $220,000.

A number of other institutional investors have also modified their holdings of the business. Alexandria Capital LLC raised its position 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 worth $107,000 after acquiring an additional 4 shares in the last quarter. Cornerstone Advisors Inc. raised its position in American Tower Corporation (REIT) by 1.2% in the second quarter. Cornerstone Advisors Inc. now owns 1,235 shares of the real estate investment trust’s stock worth $163,000 after acquiring an additional 15 shares in the last quarter. Baxter Bros Inc. raised its position in American Tower Corporation (REIT) by 0.4% in the second quarter. Baxter Bros Inc. now owns 3,470 shares of the real estate investment trust’s stock worth $459,000 after acquiring an additional 15 shares in the last quarter. HL Financial Services LLC raised its position in American Tower Corporation (REIT) by 0.5% in the second quarter. HL Financial Services LLC now owns 3,675 shares of the real estate investment trust’s stock worth $486,000 after acquiring an additional 19 shares in the last quarter. Finally, Atlantic Trust LLC raised its position in American Tower Corporation (REIT) by 0.5% in the second quarter. Atlantic Trust LLC now owns 4,345 shares of the real estate investment trust’s stock worth $575,000 after acquiring an additional 21 shares in the last quarter. Hedge funds and other institutional investors own 92.28% of the company’s stock.

In other American Tower Corporation (REIT) news, Chairman James D. Taiclet, Jr. sold 34,000 shares of American Tower Corporation (REIT) stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $151.20, for a total transaction of $5,140,800.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Edmund Disanto sold 10,000 shares of American Tower Corporation (REIT) stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $136.00, for a total value of $1,360,000.00. Following the transaction, the executive vice president now directly owns 151,928 shares in the company, valued at approximately $20,662,208. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 122,000 shares of company stock worth $17,580,160. Company insiders own 0.86% of the company’s stock.

A number of equities analysts recently weighed in on AMT shares. Zacks Investment Research cut American Tower Corporation (REIT) from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. ValuEngine raised American Tower Corporation (REIT) from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. UBS Group AG lifted their price target on American Tower Corporation (REIT) from $150.00 to $163.00 and gave the stock a “buy” rating in a research note on Monday, September 11th. Argus lifted their price target on American Tower Corporation (REIT) from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Finally, Citigroup Inc. lifted their price target 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. One analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $157.00.

American Tower Corporation (AMT) traded down $1.28 during trading hours on Thursday, reaching $145.31. The company’s stock had a trading volume of 1,694,700 shares, compared to its average volume of 1,976,852. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.61. American Tower Corporation has a 52 week low of $99.72 and a 52 week high of $155.28. The stock has a market cap of $62,866.00, a PE ratio of 22.69, a PEG ratio of 1.72 and a beta of 0.74.

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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.

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

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