Kayne Anderson Capital Advisors LP grew its stake in shares of American Tower Corporation (REIT) (NYSE:AMT) by 755.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,100 shares of the real estate investment trust’s stock after acquiring an additional 15,100 shares during the period. Kayne Anderson Capital Advisors LP’s holdings in American Tower Corporation (REIT) were worth $2,335,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in AMT. Alexandria Capital LLC lifted its stake in shares of American Tower Corporation (REIT) by 0.5% during the 2nd quarter. Alexandria Capital LLC now owns 812 shares of the real estate investment trust’s stock valued at $107,000 after buying an additional 4 shares in the last quarter. Cornerstone Advisors Inc. lifted its stake in shares of American Tower Corporation (REIT) by 1.2% during the 2nd quarter. Cornerstone Advisors Inc. now owns 1,235 shares of the real estate investment trust’s stock valued at $163,000 after buying an additional 15 shares in the last quarter. Baxter Bros Inc. lifted its stake in shares of American Tower Corporation (REIT) by 0.4% during the 2nd quarter. Baxter Bros Inc. now owns 3,470 shares of the real estate investment trust’s stock valued at $459,000 after buying an additional 15 shares in the last quarter. HL Financial Services LLC lifted its stake in shares of American Tower Corporation (REIT) by 0.5% during the 2nd quarter. HL Financial Services LLC now owns 3,675 shares of the real estate investment trust’s stock valued at $486,000 after buying an additional 19 shares in the last quarter. Finally, Atlantic Trust LLC lifted its stake in shares of American Tower Corporation (REIT) by 0.5% during the 2nd quarter. Atlantic Trust LLC now owns 4,345 shares of the real estate investment trust’s stock valued at $575,000 after buying an additional 21 shares in the last quarter. 92.28% of the stock is owned by hedge funds and other institutional investors.

American Tower Corporation (NYSE AMT) traded down $1.28 during midday trading on Thursday, reaching $145.31. 1,694,700 shares of the company’s stock traded hands, compared to its average volume of 1,976,852. American Tower Corporation has a fifty-two week low of $99.72 and a fifty-two week high of $155.28. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.61. The stock has a market cap of $62,866.00, a PE ratio of 22.69, a PEG ratio of 1.72 and a beta of 0.74.

In other American Tower Corporation (REIT) 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 transaction was disclosed in a legal 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 stock was 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. Insiders sold a total of 122,000 shares of company stock worth $17,580,160 over the last quarter. Corporate insiders own 0.86% of the company’s stock.

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A number of analysts recently commented on the stock. Argus upped their price target on shares of American Tower Corporation (REIT) to $170.00 and gave the company a “buy” rating in a research note on Thursday, November 9th. Zacks Investment Research cut shares of American Tower Corporation (REIT) from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. ValuEngine upgraded shares of American Tower Corporation (REIT) from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. Morgan Stanley upped their price target on shares of American Tower Corporation (REIT) from $155.00 to $172.00 and gave the company an “overweight” rating in a research note on Tuesday, November 14th. Finally, Jefferies Group LLC restated a “buy” rating and set a $144.00 price target on shares of American Tower Corporation (REIT) in a research note on Tuesday, September 12th. One analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $157.00.

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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