American Tower Corporation (REIT) (AMT) Shares Sold by Teachers Advisors LLC

Teachers Advisors LLC trimmed its holdings in shares of American Tower Corporation (REIT) (NYSE:AMT) by 2.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,538,734 shares of the real estate investment trust’s stock after selling 35,946 shares during the period. Teachers Advisors LLC owned approximately 0.36% of American Tower Corporation (REIT) worth $203,605,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Shine Investment Advisory Services Inc. bought a new position in shares of American Tower Corporation (REIT) in the 2nd quarter worth $100,000. Alexandria Capital LLC lifted its holdings in shares of American Tower Corporation (REIT) by 0.5% in the 2nd quarter. Alexandria Capital LLC now owns 812 shares of the real estate investment trust’s stock worth $107,000 after purchasing an additional 4 shares in the last quarter. Peddock Capital Advisors LLC bought a new position in shares of American Tower Corporation (REIT) in the 2nd quarter worth $119,000. Webster Bank N. A. lifted its holdings in shares of American Tower Corporation (REIT) by 86.1% in the 1st quarter. Webster Bank N. A. now owns 1,005 shares of the real estate investment trust’s stock worth $122,000 after purchasing an additional 465 shares in the last quarter. Finally, Heritage Trust Co bought a new position in shares of American Tower Corporation (REIT) in the 1st quarter worth $122,000. Hedge funds and other institutional investors own 92.09% of the company’s stock.

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In related news, Director Pamela D. A. Reeve sold 5,000 shares of the company’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $143.49, for a total transaction of $717,450.00. Following the completion of the sale, the director now owns 17,758 shares in the company, valued at $2,548,095.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Amit Sharma sold 20,747 shares of the company’s stock in a transaction on Friday, August 18th. The shares were sold at an average price of $139.67, for a total value of $2,897,733.49. Following the sale, the executive vice president now owns 101,605 shares of the company’s stock, valued at approximately $14,191,170.35. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,295 shares of company stock valued at $6,387,520. 0.86% of the stock is owned by company insiders.

A number of equities analysts recently issued reports on AMT shares. Citigroup Inc. increased their target price on American Tower Corporation (REIT) from $142.00 to $167.00 and gave the stock a “buy” rating in a report on Monday, August 28th. Royal Bank Of Canada reiterated a “buy” rating and issued a $153.00 target price on shares of American Tower Corporation (REIT) in a report on Friday, September 1st. Zacks Investment Research cut American Tower Corporation (REIT) from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. BidaskClub cut American Tower Corporation (REIT) from a “buy” rating to a “hold” rating in a report on Saturday, July 1st. Finally, Cowen and Company reiterated a “buy” rating and issued a $155.00 target price on shares of American Tower Corporation (REIT) in a report on Wednesday, July 19th. Fourteen equities research analysts have rated the stock with a buy rating, American Tower Corporation (REIT) has a consensus rating of “Buy” and an average target price of $147.00.

American Tower Corporation (NYSE:AMT) traded down 1.19% during midday trading on Tuesday, reaching $144.44. The company had a trading volume of 574,250 shares. American Tower Corporation has a 12-month low of $99.72 and a 12-month high of $148.71. The company has a 50-day moving average of $140.84 and a 200-day moving average of $129.60. The stock has a market capitalization of $61.99 billion, a PE ratio of 57.78 and a beta of 0.70.

American Tower Corporation (REIT) (NYSE:AMT) last posted its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.80 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.55 by ($0.75). American Tower Corporation (REIT) had a return on equity of 16.70% and a net margin of 18.58%. The business had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the prior year, the firm earned $1.38 EPS. The firm’s revenue for the quarter was up 15.3% compared to the same quarter last year. On average, analysts predict that American Tower Corporation will post $3.02 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 17th. Investors of record on Friday, September 29th will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 1.81%. This is a boost from American Tower Corporation (REIT)’s previous quarterly dividend of $0.64. American Tower Corporation (REIT)’s dividend payout ratio is 102.81%.

American Tower Corporation (REIT) 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.

Institutional Ownership by Quarter for American Tower Corporation (REIT) (NYSE:AMT)

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