Traders sold shares of American Tower Corp (NYSE:AMT) on strength during trading hours on Monday. $104.72 million flowed into the stock on the tick-up and $203.67 million flowed out of the stock on the tick-down, for a money net flow of $98.95 million out of the stock. Of all equities tracked, American Tower had the 0th highest net out-flow for the day. American Tower traded up $2.03 for the day and closed at $177.82

Several analysts have issued reports on the company. Citigroup cut American Tower from a “buy” rating to a “neutral” rating and upped their target price for the company from $161.00 to $176.00 in a report on Wednesday, October 31st. Royal Bank of Canada increased their target price on American Tower to $173.00 and gave the stock an “outperform” rating in a research note on Thursday, November 1st. Barclays increased their target price on American Tower from $156.00 to $164.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 31st. Bank of America set a $172.00 price target on American Tower and gave the company a “buy” rating in a research report on Wednesday, October 31st. Finally, Deutsche Bank lowered American Tower from a “buy” rating to a “hold” rating and reduced their price target for the company from $169.00 to $167.00 in a research report on Thursday, November 1st. They noted that the move was a valuation call. Eight research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $167.00.

The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 3.11. The stock has a market capitalization of $78.23 billion, a price-to-earnings ratio of 27.84, a P/E/G ratio of 1.64 and a beta of 0.65.

In other news, EVP Olivier Puech sold 10,747 shares of the firm’s stock in a transaction that occurred on Wednesday, November 28th. The stock was sold at an average price of $161.87, for a total value of $1,739,616.89. Following the completion of the sale, the executive vice president now directly owns 20,543 shares of the company’s stock, valued at approximately $3,325,295.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Thomas A. Bartlett sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 6th. The shares were sold at an average price of $165.00, for a total value of $3,300,000.00. Following the completion of the sale, the chief financial officer now directly owns 134,230 shares of the company’s stock, valued at $22,147,950. The disclosure for this sale can be found here. Insiders sold a total of 107,756 shares of company stock valued at $17,773,951 over the last three months. Insiders own 0.87% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp raised its holdings in American Tower by 7.6% during the second quarter. Bank of New York Mellon Corp now owns 4,414,223 shares of the real estate investment trust’s stock worth $636,400,000 after purchasing an additional 312,126 shares during the last quarter. Bristlecone Advisors LLC raised its holdings in American Tower by 13.4% during the third quarter. Bristlecone Advisors LLC now owns 3,940 shares of the real estate investment trust’s stock worth $572,000 after purchasing an additional 465 shares during the last quarter. IFM Investors Pty Ltd raised its holdings in American Tower by 16.5% during the third quarter. IFM Investors Pty Ltd now owns 23,178 shares of the real estate investment trust’s stock worth $3,368,000 after purchasing an additional 3,288 shares during the last quarter. Duff & Phelps Investment Management Co. raised its holdings in American Tower by 129.2% during the third quarter. Duff & Phelps Investment Management Co. now owns 240,190 shares of the real estate investment trust’s stock worth $34,900,000 after purchasing an additional 135,380 shares during the last quarter. Finally, First Quadrant L P CA raised its holdings in American Tower by 610.0% during the third quarter. First Quadrant L P CA now owns 9,805 shares of the real estate investment trust’s stock worth $1,425,000 after purchasing an additional 8,424 shares during the last quarter. 93.05% of the stock is owned by institutional investors and hedge funds.

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American Tower Company Profile (NYSE:AMT)

American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 170,000 communications sites.

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