American Tower Corporation (REIT) (AMT) Position Maintained by Lincoln Capital LLC

Lincoln Capital LLC maintained its stake in shares of American Tower Corporation (REIT) (NYSE:AMT) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,728 shares of the real estate investment trust’s stock at the end of the second quarter. Lincoln Capital LLC’s holdings in American Tower Corporation (REIT) were worth $361,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in American Tower Corporation (REIT) by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 169,896 shares of the real estate investment trust’s stock valued at $17,959,000 after buying an additional 4,377 shares during the last quarter. RMB Capital Management LLC raised its stake in American Tower Corporation (REIT) by 6.3% in the fourth quarter. RMB Capital Management LLC now owns 132,184 shares of the real estate investment trust’s stock valued at $13,969,000 after buying an additional 7,888 shares during the period. UBS Asset Management Americas Inc. raised its stake in shares of American Tower Corporation (REIT) by 0.8% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,147,573 shares of the real estate investment trust’s stock worth $121,275,000 after buying an additional 9,537 shares during the last quarter. Perigon Wealth Management LLC raised its stake in shares of American Tower Corporation (REIT) by 124.8% in the fourth quarter. Perigon Wealth Management LLC now owns 10,234 shares of the real estate investment trust’s stock worth $1,184,000 after buying an additional 5,681 shares during the last quarter. Finally, Whalerock Point Partners LLC acquired a new stake in shares of American Tower Corporation (REIT) during the fourth quarter worth about $212,000. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Shares of American Tower Corporation (NYSE:AMT) traded up 0.25% on Friday, hitting $140.00. 1,114,278 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $136.09 and its 200 day moving average price is $125.24. American Tower Corporation has a 12-month low of $99.72 and a 12-month high of $141.51. The stock has a market cap of $60.08 billion, a price-to-earnings ratio of 56.00 and a beta of 0.71.

American Tower Corporation (REIT) (NYSE:AMT) last released its earnings results on Thursday, July 27th. The real estate investment trust reported $0.80 EPS 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 firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter last year, the business posted $1.38 EPS. The firm’s revenue was up 15.3% on a year-over-year basis. On average, equities analysts predict that American Tower Corporation will post $3.02 earnings per share for the current fiscal year.

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AMT has been the subject of a number of research analyst reports. Zacks Investment Research upgraded American Tower Corporation (REIT) from a “hold” rating to a “buy” rating and set a $142.00 price objective for the company in a research report on Thursday, May 4th. Royal Bank Of Canada raised their price objective on shares of American Tower Corporation (REIT) from $134.00 to $145.00 and gave the stock an “outperform” rating in a research note on Friday, April 28th. BidaskClub lowered shares of American Tower Corporation (REIT) from a “buy” rating to a “hold” rating in a research report on Saturday, July 1st. Citigroup Inc. lowered shares of American Tower Corporation (REIT) to an “outperform” rating and set a $147.00 price objective on the stock. in a report on Monday, June 12th. Finally, Cowen and Company reiterated a “buy” rating and set a $155.00 price objective on shares of American Tower Corporation (REIT) in a research note on Wednesday, July 19th. One research analyst has rated the stock with a hold rating and twelve 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 $142.67.

In other news, EVP Steven C. Marshall sold 20,548 shares of the firm’s stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $134.92, for a total value of $2,772,336.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.86% of the stock is currently owned by company insiders.

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)

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