TD Asset Management Inc. decreased its position in American Tower Corporation (REIT) (NYSE:AMT) by 4.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 569,851 shares of the real estate investment trust’s stock after selling 26,740 shares during the quarter. TD Asset Management Inc. owned 0.13% of American Tower Corporation (REIT) worth $77,887,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Shine Investment Advisory Services Inc. bought a new stake in shares of American Tower Corporation (REIT) in the 2nd quarter worth about $100,000. Alexandria Capital LLC grew its holdings in shares of American Tower Corporation (REIT) by 0.5% in 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 last quarter. Howe & Rusling Inc. grew its holdings in shares of American Tower Corporation (REIT) by 1,608.0% in 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 last quarter. Peddock Capital Advisors LLC bought a new stake in shares of American Tower Corporation (REIT) in the 2nd quarter worth about $119,000. Finally, Legacy Advisors LLC bought a new stake in shares of American Tower Corporation (REIT) in the 3rd quarter worth about $132,000. 92.28% of the stock is currently owned by institutional investors and hedge funds.

Shares of American Tower Corporation (AMT) opened at $147.30 on Friday. American Tower Corporation has a fifty-two week low of $99.72 and a fifty-two week high of $155.28. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.61. The company has a market cap of $62,317.06, a PE ratio of 22.49, a price-to-earnings-growth ratio of 1.71 and a beta of 0.74.

In other American Tower Corporation (REIT) news, Chairman James D. Taiclet, Jr. sold 34,000 shares of the stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $151.20, for a total transaction of $5,140,800.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Edmund Disanto sold 10,000 shares of the 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 disclosure for this sale can be found here. In the last three months, insiders have sold 122,000 shares of company stock worth $17,580,160. Insiders own 0.86% of the company’s stock.

Several research firms have recently weighed in on AMT. Morgan Stanley upped their target price on shares of American Tower Corporation (REIT) from $155.00 to $172.00 and gave the stock an “overweight” rating in a report on Tuesday, November 14th. 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 report on Thursday, August 3rd. KeyCorp set a $156.00 target price on shares of American Tower Corporation (REIT) and gave the stock an “overweight” rating in a report on Wednesday, November 1st. Argus upped their target price on shares of American Tower Corporation (REIT) from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, August 3rd. Finally, ValuEngine raised shares of American Tower Corporation (REIT) from a “hold” rating to a “buy” rating in a report on Friday, November 10th. One investment analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the stock. American Tower Corporation (REIT) has a consensus rating of “Buy” and a consensus price target of $157.00.

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About American Tower Corporation (REIT)

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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