American Tower Corporation (REIT) (AMT) Shares Bought by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. raised its holdings in American Tower Corporation (REIT) (NYSE:AMT) by 23.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,940 shares of the real estate investment trust’s stock after buying an additional 1,125 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in American Tower Corporation (REIT) were worth $812,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Shine Investment Advisory Services Inc. bought a new stake in shares of American Tower Corporation (REIT) in the 2nd quarter worth approximately $100,000. Alexandria Capital LLC lifted its position 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 acquiring an additional 4 shares during the period. Howe & Rusling Inc. lifted its position in shares of American Tower Corporation (REIT) by 1,608.0% in the 3rd quarter. Howe & Rusling Inc. now owns 854 shares of the real estate investment trust’s stock worth $117,000 after acquiring an additional 804 shares during the period. Peddock Capital Advisors LLC bought a new stake in shares of American Tower Corporation (REIT) in the 2nd quarter worth approximately $119,000. Finally, Legacy Advisors LLC bought a new stake in shares of American Tower Corporation (REIT) in the 3rd quarter worth approximately $132,000. 92.04% of the stock is currently owned by hedge funds and other institutional investors.

Shares of American Tower Corporation (AMT) traded down $2.53 on Friday, reaching $145.87. The company’s stock had a trading volume of 2,053,879 shares, compared to its average volume of 1,979,571. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.61. American Tower Corporation has a 52-week low of $99.72 and a 52-week high of $155.28. The company has a market cap of $63,770.00, a P/E ratio of 23.14, a price-to-earnings-growth ratio of 1.76 and a beta of 0.74.

In other American Tower Corporation (REIT) news, Director Pamela D. A. Reeve sold 5,000 shares of American Tower Corporation (REIT) stock in a transaction on 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 transaction, the director now owns 17,758 shares in the company, valued at approximately $2,548,095.42. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman James D. Taiclet, Jr. sold 34,000 shares of American Tower Corporation (REIT) stock in a transaction on Monday, September 11th. The shares were sold at an average price of $145.89, for a total value of $4,960,260.00. Following the completion of the transaction, the chairman now owns 304,707 shares of the company’s stock, valued at approximately $44,453,704.23. The disclosure for this sale can be found here. In the last quarter, insiders sold 127,000 shares of company stock valued at $18,297,610. Corporate insiders own 0.86% of the company’s stock.

AMT has been the subject of a number of research reports. Jefferies Group LLC reiterated a “buy” rating and issued a $144.00 price objective on shares of American Tower Corporation (REIT) in a research report on Tuesday, September 12th. Zacks Investment Research upgraded American Tower Corporation (REIT) from a “hold” rating to a “buy” rating and set a $152.00 price objective for the company in a research report on Thursday, August 3rd. Macquarie raised their price objective on American Tower Corporation (REIT) from $162.00 to $165.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 1st. BidaskClub upgraded American Tower Corporation (REIT) from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Finally, KeyCorp set a $156.00 price objective on American Tower Corporation (REIT) and gave the stock an “overweight” rating in a research report on Wednesday, November 1st. One analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $157.00.

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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.

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

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