Macquarie Group Ltd. lowered its stake in shares of American Tower Corporation (REIT) (NYSE:AMT) by 4.0% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 773,111 shares of the real estate investment trust’s stock after selling 32,568 shares during the period. Macquarie Group Ltd. owned about 0.18% of American Tower Corporation (REIT) worth $105,668,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of American Tower Corporation (REIT) by 3.2% during the 2nd quarter. Vanguard Group Inc. now owns 28,442,502 shares of the real estate investment trust’s stock valued at $3,763,512,000 after buying an additional 881,020 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of American Tower Corporation (REIT) by 1,886.3% during the 2nd quarter. Janus Henderson Group PLC now owns 7,468,416 shares of the real estate investment trust’s stock valued at $988,214,000 after acquiring an additional 7,092,413 shares during the period. Northern Trust Corp grew its position in shares of American Tower Corporation (REIT) by 9.2% during the 2nd quarter. Northern Trust Corp now owns 6,566,346 shares of the real estate investment trust’s stock valued at $868,858,000 after acquiring an additional 550,608 shares during the period. Principal Financial Group Inc. grew its position in shares of American Tower Corporation (REIT) by 5.6% during the 3rd quarter. Principal Financial Group Inc. now owns 3,164,598 shares of the real estate investment trust’s stock valued at $432,537,000 after acquiring an additional 166,910 shares during the period. Finally, Brookfield Asset Management Inc. grew its position in shares of American Tower Corporation (REIT) by 10.3% during the 2nd quarter. Brookfield Asset Management Inc. now owns 2,628,643 shares of the real estate investment trust’s stock valued at $347,822,000 after acquiring an additional 244,700 shares during the period. Institutional investors and hedge funds own 92.04% of the company’s stock.

In other American Tower Corporation (REIT) news, Director Pamela D. A. Reeve sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $143.49, for a total value of $717,450.00. Following the transaction, the director now directly owns 17,758 shares of the company’s stock, valued at approximately $2,548,095.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman James D. Taiclet, Jr. sold 34,000 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $145.89, for a total transaction of $4,960,260.00. Following the completion of the transaction, the chairman now directly owns 304,707 shares in the company, valued at $44,453,704.23. The disclosure for this sale can be found here. Over the last quarter, insiders sold 127,000 shares of company stock worth $18,297,610. 0.86% of the stock is currently owned by insiders.

American Tower Corporation (AMT) traded down $2.53 during mid-day trading on Friday, reaching $145.87. The company had a trading volume of 2,053,879 shares, compared to its average volume of 1,979,571. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.61. American Tower Corporation has a 12 month low of $99.72 and a 12 month high of $155.28. The firm has a market cap of $63,770.00, a PE ratio of 23.14, a price-to-earnings-growth ratio of 1.76 and a beta of 0.74.

AMT has been the topic of a number of analyst reports. Citigroup Inc. raised their target price on American Tower Corporation (REIT) from $142.00 to $167.00 and gave the company a “buy” rating in a research report on Monday, August 28th. Zacks Investment Research upgraded American Tower Corporation (REIT) from a “sell” rating to a “hold” rating and set a $153.00 target price on the stock in a research report on Thursday, July 27th. Royal Bank Of Canada restated a “buy” rating and set a $153.00 target price on shares of American Tower Corporation (REIT) in a research report on Friday, September 1st. KeyCorp set a $156.00 target price on American Tower Corporation (REIT) and gave the company an “overweight” rating in a research report on Wednesday, November 1st. Finally, BidaskClub upgraded American Tower Corporation (REIT) from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. One investment analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $157.00.

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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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