American Tower Corporation (REIT) (AMT) Shares Sold by Israel Discount Bank of New York

Israel Discount Bank of New York lessened its stake in American Tower Corporation (REIT) (NYSE:AMT) by 6.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,929 shares of the real estate investment trust’s stock after selling 340 shares during the quarter. Israel Discount Bank of New York’s holdings in American Tower Corporation (REIT) were worth $652,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in AMT. Waldron LP purchased a new position in shares of American Tower Corporation (REIT) in the first quarter worth $307,000. Acadian Asset Management LLC lifted its holdings in shares of American Tower Corporation (REIT) by 296.4% in the first quarter. Acadian Asset Management LLC now owns 4,761 shares of the real estate investment trust’s stock worth $579,000 after buying an additional 3,560 shares in the last quarter. Geneva Advisors LLC lifted its holdings in shares of American Tower Corporation (REIT) by 3.9% in the first quarter. Geneva Advisors LLC now owns 893,151 shares of the real estate investment trust’s stock worth $108,554,000 after buying an additional 33,915 shares in the last quarter. Great West Life Assurance Co. Can lifted its holdings in shares of American Tower Corporation (REIT) by 0.8% in the first quarter. Great West Life Assurance Co. Can now owns 327,709 shares of the real estate investment trust’s stock worth $39,793,000 after buying an additional 2,474 shares in the last quarter. Finally, Millie Capital Management LLC lifted its holdings in shares of American Tower Corporation (REIT) by 8.2% in the first quarter. Millie Capital Management LLC now owns 19,794 shares of the real estate investment trust’s stock worth $2,406,000 after buying an additional 1,493 shares in the last quarter. 92.09% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently commented on the stock. Royal Bank Of Canada reissued a “buy” rating and issued a $153.00 target price on shares of American Tower Corporation (REIT) in a report on Friday, September 1st. Citigroup Inc. boosted their target price on shares of American Tower Corporation (REIT) from $142.00 to $167.00 and gave the stock a “buy” rating in a report on Monday, August 28th. BidaskClub raised shares of American Tower Corporation (REIT) from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. Argus boosted their price target on shares of American Tower Corporation (REIT) from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Finally, Zacks Investment Research upgraded shares of American Tower Corporation (REIT) from a “hold” rating to a “buy” rating and set a $152.00 price target on the stock in a research report on Thursday, August 3rd. Thirteen equities research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus price target of $145.00.

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American Tower Corporation (NYSE AMT) traded down 1.36% on Friday, reaching $144.99. 2,240,630 shares of the company’s stock were exchanged. American Tower Corporation has a one year low of $99.72 and a one year high of $148.71. The firm has a 50 day moving average price of $140.73 and a 200 day moving average price of $129.21. The firm has a market cap of $62.23 billion, a PE ratio of 58.00 and a beta of 0.70.

American Tower Corporation (REIT) (NYSE:AMT) last issued its earnings results on Thursday, July 27th. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.55 by $0.75. American Tower Corporation (REIT) had a return on equity of 16.70% and a net margin of 18.58%. The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same period last year, the business earned $1.38 earnings per share. The firm’s revenue was up 15.3% compared to the same quarter last year. On average, equities analysts anticipate that American Tower Corporation will post $3.02 earnings per share for the current year.

In other American Tower Corporation (REIT) news, Director Pamela D. A. Reeve sold 5,000 shares of the firm’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $143.49, for a total value of $717,450.00. Following the completion of the sale, the director now directly owns 17,758 shares of the company’s stock, valued at approximately $2,548,095.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Steven C. Marshall sold 20,548 shares of the firm’s stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $134.92, for a total value of $2,772,336.16. The disclosure for this sale can be found here. Insiders sold a total of 46,295 shares of company stock valued at $6,387,520 over the last ninety days. Corporate insiders own 0.86% of the company’s stock.

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.

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

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