American Tower Corporation (REIT) (NYSE:AMT) Position Maintained by RBF Capital LLC

RBF Capital LLC held its position in shares of American Tower Corporation (REIT) (NYSE:AMT) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,000 shares of the real estate investment trust’s stock at the end of the first quarter. RBF Capital LLC’s holdings in American Tower Corporation (REIT) were worth $2,431,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMT. Webster Bank N. A. increased its position in American Tower Corporation (REIT) by 86.1% in the first quarter. Webster Bank N. A. now owns 1,005 shares of the real estate investment trust’s stock worth $122,000 after buying an additional 465 shares during the last quarter. Heritage Trust Co acquired a new position in American Tower Corporation (REIT) during the first quarter worth about $122,000. Norway Savings Bank increased its position in American Tower Corporation (REIT) by 85.2% in the first quarter. Norway Savings Bank now owns 1,435 shares of the real estate investment trust’s stock worth $174,000 after buying an additional 660 shares during the last quarter. Integrated Investment Consultants LLC increased its position in American Tower Corporation (REIT) by 0.9% in the first quarter. Integrated Investment Consultants LLC now owns 1,485 shares of the real estate investment trust’s stock worth $180,000 after buying an additional 13 shares during the last quarter. Finally, Spinnaker Trust acquired a new position in American Tower Corporation (REIT) during the first quarter worth about $201,000. 93.40% of the stock is owned by institutional investors.

American Tower Corporation (NYSE AMT) traded down 0.11% during mid-day trading on Friday, hitting $136.68. 870,814 shares of the company’s stock were exchanged. American Tower Corporation has a 52 week low of $99.72 and a 52 week high of $139.50. The stock has a market capitalization of $58.66 billion, a P/E ratio of 54.67 and a beta of 0.71. The firm has a 50 day moving average of $135.15 and a 200 day moving average of $123.95.

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

The business also recently declared a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Monday, June 19th were given a dividend of $0.64 per share. This is an increase from American Tower Corporation (REIT)’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Thursday, June 15th. This represents a $2.56 annualized dividend and a yield of 1.87%. American Tower Corporation (REIT)’s dividend payout ratio is 102.81%.

COPYRIGHT VIOLATION WARNING: This news story was reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this news story on another domain, it was illegally stolen and republished in violation of international copyright laws. The legal version of this news story can be read at https://www.com-unik.info/2017/08/12/american-tower-corporation-reit-nyseamt-position-held-by-rbf-capital-llc-updated-updated-updated.html.

A number of research analysts have recently issued reports on AMT shares. BidaskClub upgraded shares of American Tower Corporation (REIT) from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Cowen and Company restated a “buy” rating and issued a $155.00 price target on shares of American Tower Corporation (REIT) in a research report on Wednesday, July 19th. Deutsche Bank AG raised their price target on shares of American Tower Corporation (REIT) from $145.00 to $157.00 and gave the stock a “buy” rating in a research report on Friday, July 14th. Stifel Nicolaus reiterated a “buy” rating and issued a $150.00 price objective on shares of American Tower Corporation (REIT) in a research report on Thursday, July 6th. Finally, Zacks Investment Research upgraded shares of American Tower Corporation (REIT) from a “hold” rating to a “buy” rating and set a $142.00 price objective on the stock in a research report on Thursday, May 4th. One equities research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $142.67.

In related news, EVP Steven C. Marshall sold 20,548 shares of the company’s stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $134.92, for a total transaction of $2,772,336.16. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director David E. Sharbutt sold 3,653 shares of the company’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $128.61, for a total transaction of $469,812.33. Following the transaction, the director now owns 10,098 shares in the company, valued at approximately $1,298,703.78. The disclosure for this sale can be found here. 0.86% of the stock is owned by corporate insiders.

American Tower Corporation (REIT) 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.

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

What are top analysts saying about American Tower Corporation (REIT)? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for American Tower Corporation (REIT) and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit