Asset Management One Co. Ltd. trimmed its position in shares of American Tower Corp (NYSE:AMT) by 3.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 745,261 shares of the real estate investment trust’s stock after selling 24,450 shares during the period. Asset Management One Co. Ltd. owned 0.17% of American Tower worth $101,801,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Baxter Bros Inc. raised its holdings in shares of American Tower by 0.4% in the 2nd quarter. Baxter Bros Inc. now owns 3,470 shares of the real estate investment trust’s stock worth $459,000 after purchasing an additional 15 shares in the last quarter. HL Financial Services LLC raised its holdings in shares of American Tower by 0.5% in the 2nd quarter. HL Financial Services LLC now owns 3,675 shares of the real estate investment trust’s stock worth $486,000 after purchasing an additional 19 shares in the last quarter. Atlantic Trust LLC raised its holdings in shares of American Tower by 0.5% in the 2nd quarter. Atlantic Trust LLC now owns 4,345 shares of the real estate investment trust’s stock worth $575,000 after purchasing an additional 21 shares in the last quarter. Intrust Bank NA raised its holdings in shares of American Tower by 0.4% in the 2nd quarter. Intrust Bank NA now owns 5,769 shares of the real estate investment trust’s stock worth $764,000 after purchasing an additional 24 shares in the last quarter. Finally, New Amsterdam Partners LLC NY raised its holdings in shares of American Tower by 0.7% in the 2nd quarter. New Amsterdam Partners LLC NY now owns 3,855 shares of the real estate investment trust’s stock worth $510,000 after purchasing an additional 27 shares in the last quarter. 91.89% of the stock is owned by hedge funds and other institutional investors.

American Tower Corp (NYSE:AMT) opened at $140.76 on Wednesday. American Tower Corp has a 1 year low of $100.79 and a 1 year high of $155.28. The company has a market cap of $59,598.12, a P/E ratio of 21.51, a P/E/G ratio of 1.63 and a beta of 0.73. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.61.

A number of analysts recently commented on AMT shares. Citigroup boosted 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. Zacks Investment Research upgraded shares of American Tower from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a report on Friday, November 3rd. Royal Bank Of Canada restated a “buy” rating and set a $153.00 price target on shares of American Tower in a report on Friday, September 1st. KeyCorp set a $156.00 price target on shares of American Tower and gave the company an “overweight” rating in a report on Wednesday, November 1st. Finally, BidaskClub upgraded shares of American Tower from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $158.50.

In other American Tower news, EVP Edmund Disanto sold 10,000 shares of the business’s 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman James D. Taiclet, Jr. sold 34,000 shares of the business’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 sale, the chairman now directly owns 304,707 shares of the company’s stock, valued at $44,453,704.23. The disclosure for this sale can be found here. Insiders have sold 122,000 shares of company stock worth $17,580,160 over the last ninety days. 0.86% of the stock is currently owned by insiders.

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American Tower Company Profile

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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