42,463 Shares in American Tower Corporation (REIT) (AMT) Acquired by Brightworth

Brightworth purchased a new position in American Tower Corporation (REIT) (NYSE:AMT) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 42,463 shares of the real estate investment trust’s stock, valued at approximately $5,804,000. American Tower Corporation (REIT) accounts for approximately 1.4% of Brightworth’s investment portfolio, making the stock its 16th biggest holding.

A number of other hedge funds have also bought and sold shares of the business. Shine Investment Advisory Services Inc. bought a new stake in American Tower Corporation (REIT) in the second quarter worth $100,000. Alexandria Capital LLC lifted its position in American Tower Corporation (REIT) by 0.5% in the second quarter. Alexandria Capital LLC now owns 812 shares of the real estate investment trust’s stock worth $107,000 after buying an additional 4 shares during the last quarter. Howe & Rusling Inc. lifted its position in American Tower Corporation (REIT) by 1,608.0% in the third quarter. Howe & Rusling Inc. now owns 854 shares of the real estate investment trust’s stock worth $117,000 after buying an additional 804 shares during the last quarter. Peddock Capital Advisors LLC bought a new stake in American Tower Corporation (REIT) in the second quarter worth $119,000. Finally, Glassman Wealth Services lifted its position in American Tower Corporation (REIT) by 28.9% in the second quarter. Glassman Wealth Services now owns 1,029 shares of the real estate investment trust’s stock worth $136,000 after buying an additional 231 shares during the last quarter. Institutional investors and hedge funds own 92.05% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This news story was first posted by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States & international copyright & trademark legislation. The legal version of this news story can be viewed at https://sportsperspectives.com/2017/11/01/42463-shares-in-american-tower-corporation-reit-amt-acquired-by-brightworth.html.

In related news, Director Pamela D. A. Reeve sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $143.49, for a total value of $717,450.00. Following the completion of the sale, the director now directly owns 17,758 shares of the company’s stock, valued at approximately $2,548,095.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Amit Sharma sold 20,747 shares of the company’s stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 101,605 shares of the company’s stock, valued at $14,191,170.35. The disclosure for this sale can be found here. Over the last three months, insiders sold 113,747 shares of company stock valued at $16,054,543. Insiders own 0.86% of the company’s stock.

A number of analysts have weighed in on the company. Jefferies Group LLC reiterated a “buy” rating and issued a $144.00 target price on shares of American Tower Corporation (REIT) in a research note on Tuesday, September 12th. Royal Bank Of Canada reiterated a “buy” rating and issued a $153.00 target price on shares of American Tower Corporation (REIT) in a research note on Friday, September 1st. UBS AG increased their target price on American Tower Corporation (REIT) from $150.00 to $163.00 and gave the stock a “buy” rating in a research note on Monday, September 11th. 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 research note on Monday, August 28th. Finally, BidaskClub upgraded American Tower Corporation (REIT) from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $152.23.

Shares of American Tower Corporation (NYSE:AMT) traded down 1.25% during midday trading on Wednesday, reaching $141.87. The company’s stock had a trading volume of 930,706 shares. The stock’s 50-day moving average price is $139.32 and its 200-day moving average price is $135.24. The company has a market cap of $60.89 billion, a P/E ratio of 56.75 and a beta of 0.69. American Tower Corporation has a 12-month low of $99.72 and a 12-month high of $148.71.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 17th. Investors of record on Friday, September 29th were given a $0.66 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This is a boost from American Tower Corporation (REIT)’s previous quarterly dividend of $0.64. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.84%. American Tower Corporation (REIT)’s dividend payout ratio is 106.02%.

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.

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

Receive News & Ratings for American Tower Corporation (REIT) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Tower Corporation (REIT) and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply