Waverton Investment Management Ltd Decreases Stake in American Tower Corporation (REIT) (AMT)

Waverton Investment Management Ltd reduced its position in shares of American Tower Corporation (REIT) (NYSE:AMT) by 48.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,773 shares of the real estate investment trust’s stock after selling 47,492 shares during the period. Waverton Investment Management Ltd’s holdings in American Tower Corporation (REIT) were worth $6,586,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in shares of 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 worth $17,959,000 after buying an additional 4,377 shares in the last quarter. RMB Capital Management LLC raised its stake in shares of 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 worth $13,969,000 after buying an additional 7,888 shares in the last quarter. 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 in 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 in the last quarter. Finally, Whalerock Point Partners LLC purchased a new stake in shares of American Tower Corporation (REIT) during the fourth quarter worth approximately $212,000. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Shares of American Tower Corporation (NYSE AMT) traded up 0.25% on Friday, hitting $140.00. The stock had a trading volume of 1,114,278 shares. The firm’s 50-day moving average is $136.09 and its 200-day moving average is $125.24. The company 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 has a one year low of $99.72 and a one year high of $141.51.

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

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AMT has been the topic of a number of recent research reports. Royal Bank Of Canada upped their target price on American Tower Corporation (REIT) from $134.00 to $145.00 and gave the company an “outperform” rating in a research report on Friday, April 28th. Zacks Investment Research raised American Tower Corporation (REIT) from a “hold” rating to a “buy” rating and set a $142.00 price target for the company in a report on Thursday, May 4th. Citigroup Inc. downgraded American Tower Corporation (REIT) to an “outperform” rating and set a $147.00 price target for the company. in a report on Monday, June 12th. Raymond James Financial, Inc. reissued an “outperform” rating on shares of American Tower Corporation (REIT) in a report on Monday, June 12th. Finally, BidaskClub downgraded American Tower Corporation (REIT) from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. One research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company currently has an average 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 that occurred on Tuesday, June 27th. The stock was 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 through this link. 0.86% of the stock is owned by company 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)

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