Skandinaviska Enskilda Banken AB publ grew its position in American Tower Corporation (REIT) (NYSE:AMT) by 3.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,069 shares of the real estate investment trust’s stock after buying an additional 2,100 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in American Tower were worth $9,850,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of AMT. Janus Henderson Group PLC lifted its holdings in shares of American Tower by 1,886.3% in the 2nd quarter. Janus Henderson Group PLC now owns 7,468,416 shares of the real estate investment trust’s stock worth $988,214,000 after acquiring an additional 7,092,413 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of American Tower by 823.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,606,119 shares of the real estate investment trust’s stock worth $212,525,000 after acquiring an additional 1,432,155 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of American Tower by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 28,442,502 shares of the real estate investment trust’s stock worth $3,763,512,000 after acquiring an additional 881,020 shares during the last quarter. Prudential Financial Inc. lifted its holdings in American Tower by 56.7% during the 2nd quarter. Prudential Financial Inc. now owns 1,963,407 shares of the real estate investment trust’s stock worth $259,798,000 after buying an additional 710,130 shares in the last quarter. Finally, Winslow Capital Management LLC lifted its holdings in American Tower by 36.5% during the 2nd quarter. Winslow Capital Management LLC now owns 2,539,716 shares of the real estate investment trust’s stock worth $336,055,000 after buying an additional 679,096 shares in the last quarter. 91.88% of the stock is owned by institutional investors and hedge funds.

In other American Tower news, EVP Edmund Disanto sold 10,000 shares of the stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $137.95, for a total value of $1,379,500.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Chairman James D. Taiclet, Jr. sold 34,000 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $151.20, for a total transaction of $5,140,800.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 122,000 shares of company stock worth $17,580,160. Insiders own 0.86% of the company’s stock.

Shares of American Tower Corporation (NYSE:AMT) opened at $143.61 on Friday. American Tower Corporation has a 52-week low of $100.79 and a 52-week high of $155.28. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.42 and a quick ratio of 1.42. The company has a market cap of $61,725.24, a P/E ratio of 22.28, a price-to-earnings-growth ratio of 1.69 and a beta of 0.73.

A number of equities research analysts have issued reports on AMT shares. SunTrust Banks reiterated a “buy” rating on shares of American Tower in a report on Wednesday, September 20th. Jefferies Group reiterated a “buy” rating and set a $144.00 target price on shares of American Tower in a report on Tuesday, September 12th. UBS increased their target price on shares of American Tower from $150.00 to $163.00 and gave the stock a “buy” rating in a report on Monday, September 11th. Royal Bank Of Canada reiterated a “buy” rating and set a $153.00 target price on shares of American Tower in a report on Friday, September 1st. Finally, Citigroup increased their target price on shares of American Tower from $142.00 to $167.00 and gave the stock a “buy” rating in a report on Monday, August 28th. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $158.50.

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About American Tower

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 (NYSE:AMT)

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