American Tower Corporation (REIT) (NYSE:AMT) is Taylor Wealth Management Partners’ 2nd Largest Position

Taylor Wealth Management Partners lowered its position in American Tower Corporation (REIT) (NYSE:AMT) by 1.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,257 shares of the real estate investment trust’s stock after selling 1,240 shares during the period. American Tower Corporation (REIT) accounts for approximately 5.1% of Taylor Wealth Management Partners’ portfolio, making the stock its 2nd largest position. Taylor Wealth Management Partners’ holdings in American Tower Corporation (REIT) were worth $11,281,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in AMT. Dimensional Fund Advisors LP raised its stake in 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 worth $17,959,000 after buying an additional 4,377 shares in the last quarter. Bath Savings Trust Co raised its stake 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 worth $4,599,000 after buying an additional 2,375 shares in the last quarter. Integrated Investment Consultants LLC raised its stake 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 worth $180,000 after buying an additional 13 shares in the last quarter. Chevy Chase Trust Holdings Inc. raised its stake 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 worth $44,885,000 after buying an additional 12,156 shares in the last quarter. Finally, CENTRAL TRUST Co raised its stake 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 worth $503,000 after buying an additional 807 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors.

Shares of American Tower Corporation (AMT) traded up 0.25% on Friday, hitting $140.00. The stock had a trading volume of 1,114,278 shares. American Tower Corporation has a 52 week low of $99.72 and a 52 week high of $141.51. The company has a 50-day moving average of $136.09 and a 200 day moving average of $125.24. The company has a market capitalization of $60.08 billion, a price-to-earnings ratio of 56.00 and a beta of 0.71.

American Tower Corporation (REIT) (NYSE:AMT) last issued its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.80 EPS for the quarter, missing the Zacks’ consensus estimate of $1.55 by $0.75. The business 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 revenue was up 15.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.38 earnings per share. On average, equities research analysts predict that American Tower Corporation will post $3.02 EPS for the current year.

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A number of equities research analysts recently issued reports on AMT shares. Royal Bank Of Canada lifted their target price on American Tower Corporation (REIT) from $134.00 to $145.00 and gave the company an “outperform” rating in a research report on Friday, April 28th. Zacks Investment Research raised American Tower Corporation (REIT) from a “hold” rating to a “buy” rating and set a $142.00 target price on the stock in a research report on Thursday, May 4th. Citigroup Inc. lowered American Tower Corporation (REIT) to an “outperform” rating and set a $147.00 target price on the stock. in a research report on Monday, June 12th. Raymond James Financial, Inc. reissued an “outperform” rating on shares of American Tower Corporation (REIT) in a research report on Monday, June 12th. Finally, BidaskClub downgraded American Tower Corporation (REIT) from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $142.67.

In other American Tower Corporation (REIT) news, EVP Steven C. Marshall sold 20,548 shares of the stock in a transaction on 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.86% of the stock is currently owned by corporate 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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