1,758 Shares in American Tower Corporation (REIT) (AMT) Acquired by Gilbert & Cook Inc.

Gilbert & Cook Inc. purchased a new position in shares of American Tower Corporation (REIT) (NYSE:AMT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,758 shares of the real estate investment trust’s stock, valued at approximately $233,000.

A number of other hedge funds have also recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its position in shares of American Tower Corporation (REIT) by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 169,896 shares of the real estate investment trust’s stock valued at $17,959,000 after buying an additional 4,377 shares in the last quarter. Bath Savings Trust Co raised its position in shares of American Tower Corporation (REIT) by 6.7% in the first quarter. Bath Savings Trust Co now owns 37,845 shares of the real estate investment trust’s stock valued at $4,599,000 after buying an additional 2,375 shares in the last quarter. Integrated Investment Consultants LLC raised its position in shares of American Tower Corporation (REIT) by 0.9% in the first quarter. Integrated Investment Consultants LLC now owns 1,485 shares of the real estate investment trust’s stock valued at $180,000 after buying an additional 13 shares in the last quarter. Chevy Chase Trust Holdings Inc. raised its position in shares of American Tower Corporation (REIT) by 3.4% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 369,296 shares of the real estate investment trust’s stock valued at $44,885,000 after buying an additional 12,156 shares in the last quarter. Finally, CENTRAL TRUST Co raised its position in shares of American Tower Corporation (REIT) by 24.3% in the first quarter. CENTRAL TRUST Co now owns 4,134 shares of the real estate investment trust’s stock valued at $503,000 after buying an additional 807 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors and hedge funds.

American Tower Corporation (AMT) traded up 0.25% during midday trading on Friday, reaching $140.00. 1,114,278 shares of the company’s stock traded hands. The firm has a market cap of $60.08 billion, a PE ratio of 56.00 and a beta of 0.71. American Tower Corporation has a 52-week low of $99.72 and a 52-week high of $141.51. The firm’s 50-day moving average is $136.09 and its 200 day moving average is $125.24.

American Tower Corporation (REIT) (NYSE:AMT) last released its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.80 earnings per share for the quarter, missing the 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 analysts’ expectations of $1.64 billion. During the same period in the previous year, the firm earned $1.38 earnings per share. The firm’s revenue for the quarter was up 15.3% on a year-over-year basis. Equities research analysts expect that American Tower Corporation will post $3.02 earnings per share for the current fiscal year.

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Several equities analysts have recently weighed in on the stock. Argus upped their price objective on shares of American Tower Corporation (REIT) from $140.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, August 3rd. Zacks Investment Research upgraded shares of American Tower Corporation (REIT) from a “hold” rating to a “buy” rating and set a $152.00 price objective on the stock in a report on Thursday, August 3rd. BidaskClub lowered shares of American Tower Corporation (REIT) from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Cowen and Company reiterated a “buy” rating and set a $155.00 price objective on shares of American Tower Corporation (REIT) in a report on Wednesday, July 19th. Finally, Deutsche Bank AG upped their price objective on shares of American Tower Corporation (REIT) from $145.00 to $157.00 and gave the company a “buy” rating in a report on Friday, July 14th. One research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. American Tower Corporation (REIT) currently has an average rating of “Buy” and an average target price of $142.67.

In other news, EVP Steven C. Marshall sold 20,548 shares of the business’s stock in a transaction that occurred on 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 Securities & Exchange Commission, which is available through this hyperlink. 0.86% of the stock is owned by insiders.

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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