American Tower Corporation (REIT) (NYSE:AMT) Position Raised by Heritage Investors Management Corp

Heritage Investors Management Corp raised its stake in shares of American Tower Corporation (REIT) (NYSE:AMT) by 3.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,987 shares of the real estate investment trust’s stock after buying an additional 677 shares during the period. Heritage Investors Management Corp’s holdings in American Tower Corporation (REIT) were worth $2,777,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its position 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 valued at $17,959,000 after buying an additional 4,377 shares during the last quarter. RMB Capital Management LLC boosted its stake in American Tower Corporation (REIT) by 6.3% in the fourth quarter. RMB Capital Management LLC now owns 132,184 shares of the real estate investment trust’s stock valued at $13,969,000 after buying an additional 7,888 shares during the period. UBS Asset Management Americas Inc. boosted its stake in American Tower Corporation (REIT) by 0.8% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,147,573 shares of the real estate investment trust’s stock valued at $121,275,000 after buying an additional 9,537 shares during the period. Perigon Wealth Management LLC boosted its stake in American Tower Corporation (REIT) by 124.8% in the fourth quarter. Perigon Wealth Management LLC now owns 10,234 shares of the real estate investment trust’s stock valued at $1,184,000 after buying an additional 5,681 shares during the period. Finally, Whalerock Point Partners LLC purchased a new stake in American Tower Corporation (REIT) during the fourth quarter valued at $212,000. 92.36% of the stock is owned by hedge funds and other institutional investors.

American Tower Corporation (NYSE AMT) traded up 0.25% during midday trading on Friday, reaching $140.00. 1,114,278 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $136.09 and a 200 day moving average price of $125.24. The company has a market cap of $60.08 billion, a price-to-earnings ratio of 56.00 and a beta of 0.71. 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 released its earnings results on Thursday, July 27th. The real estate investment trust reported $0.80 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.55 by $0.75. The business had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.64 billion. American Tower Corporation (REIT) had a return on equity of 16.70% and a net margin of 18.58%. The firm’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.38 earnings per share. On average, analysts expect that American Tower Corporation will post $3.02 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “American Tower Corporation (REIT) (NYSE:AMT) Position Raised by Heritage Investors Management Corp” was originally reported by BNB Daily and is the property of of BNB Daily. If you are viewing this news story on another site, it was illegally copied and republished in violation of international copyright law. The legal version of this news story can be viewed at https://www.baseball-news-blog.com/2017/08/19/american-tower-corporation-reit-nyseamt-shares-bought-by-heritage-investors-management-corp-updated-updated-updated.html.

AMT has been the subject of several recent analyst reports. Royal Bank Of Canada increased their price objective on shares of American Tower Corporation (REIT) from $134.00 to $145.00 and gave the stock an “outperform” rating in a research report on Friday, April 28th. Zacks Investment Research upgraded shares of American Tower Corporation (REIT) from a “hold” rating to a “buy” rating and set a $142.00 price objective for the company in a research report on Thursday, May 4th. Citigroup Inc. cut shares of American Tower Corporation (REIT) to an “outperform” rating and set a $147.00 price objective for the company. in a research report on Monday, June 12th. Raymond James Financial, Inc. reiterated an “outperform” rating on shares of American Tower Corporation (REIT) in a research report on Monday, June 12th. Finally, BidaskClub cut shares of American Tower Corporation (REIT) from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. American Tower Corporation (REIT) currently has a consensus rating of “Buy” and a consensus target price of $142.67.

In other news, EVP Steven C. Marshall sold 20,548 shares of the company’s stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $134.92, for a total value of $2,772,336.16. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.86% of the stock is 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)

Receive News & Ratings for American Tower Corporation (REIT) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Tower Corporation (REIT) and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply