Daiwa Securities Group Inc. Has $13.31 Million Stake in American Tower Corporation (REIT) (AMT)

Daiwa Securities Group Inc. increased its position in shares of American Tower Corporation (REIT) (NYSE:AMT) by 106.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 100,549 shares of the real estate investment trust’s stock after buying an additional 51,763 shares during the period. Daiwa Securities Group Inc.’s holdings in American Tower Corporation (REIT) were worth $13,305,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Weatherly Asset Management L. P. bought a new stake in American Tower Corporation (REIT) during the second quarter worth about $233,000. Bessemer Group Inc. boosted its stake in American Tower Corporation (REIT) by 208.8% in the second quarter. Bessemer Group Inc. now owns 5,428 shares of the real estate investment trust’s stock worth $718,000 after buying an additional 3,670 shares in the last quarter. Lee Financial Co boosted its stake in American Tower Corporation (REIT) by 1.0% in the second quarter. Lee Financial Co now owns 7,606 shares of the real estate investment trust’s stock worth $1,006,000 after buying an additional 72 shares in the last quarter. CIBC Asset Management Inc boosted its stake in shares of American Tower Corporation (REIT) by 0.4% in the second quarter. CIBC Asset Management Inc now owns 38,203 shares of the real estate investment trust’s stock valued at $5,055,000 after buying an additional 170 shares during the period. Finally, Nicolet Bankshares Inc. boosted its stake in shares of American Tower Corporation (REIT) by 7.3% in the second quarter. Nicolet Bankshares Inc. now owns 3,025 shares of the real estate investment trust’s stock valued at $400,000 after buying an additional 206 shares during the period. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Shares of American Tower Corporation (NYSE:AMT) traded up 0.25% on Friday, hitting $140.00. 1,114,278 shares of the stock traded hands. The company has a market cap of $60.08 billion, a PE ratio of 56.00 and a beta of 0.71. The firm’s 50 day moving average is $136.09 and its 200-day moving average is $125.24. American Tower Corporation has a 12 month low of $99.72 and a 12 month high of $141.51.

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

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Several equities research analysts have issued reports on the stock. Argus lifted 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 research note on Thursday, August 3rd. 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 research note on Thursday, August 3rd. BidaskClub cut shares of American Tower Corporation (REIT) from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Cowen and Company reaffirmed a “buy” rating and set a $155.00 target price on shares of American Tower Corporation (REIT) in a research note on Wednesday, July 19th. Finally, Deutsche Bank AG lifted their target price on shares of American Tower Corporation (REIT) from $145.00 to $157.00 and gave the stock a “buy” rating in a research note on Friday, July 14th. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $142.67.

In related news, EVP Steven C. Marshall sold 20,548 shares of the firm’s stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $134.92, for a total transaction of $2,772,336.16. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company 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.

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

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