American Tower Corp (AMT) Shares Bought by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of American Tower Corp (NYSE:AMT) by 1.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 237,874 shares of the real estate investment trust’s stock after acquiring an additional 4,454 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned 0.06% of American Tower worth $32,513,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of American Tower by 3.2% during the second quarter. Vanguard Group Inc. now owns 28,442,502 shares of the real estate investment trust’s stock worth $3,763,512,000 after purchasing an additional 881,020 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of American Tower by 1,886.3% during the second quarter. Janus Henderson Group PLC now owns 7,468,416 shares of the real estate investment trust’s stock worth $988,214,000 after purchasing an additional 7,092,413 shares in the last quarter. Northern Trust Corp boosted its stake in American Tower by 9.2% in the second quarter. Northern Trust Corp now owns 6,566,346 shares of the real estate investment trust’s stock valued at $868,858,000 after acquiring an additional 550,608 shares in the last quarter. Edgewood Management LLC boosted its stake in American Tower by 1.6% in the third quarter. Edgewood Management LLC now owns 6,326,717 shares of the real estate investment trust’s stock valued at $864,736,000 after acquiring an additional 99,052 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in American Tower by 5.6% in the third quarter. Principal Financial Group Inc. now owns 3,164,598 shares of the real estate investment trust’s stock valued at $432,537,000 after acquiring an additional 166,910 shares in the last quarter. 91.89% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have issued reports on AMT shares. Jefferies Group restated a “buy” rating and issued a $144.00 price objective on shares of American Tower in a research note on Tuesday, September 12th. Macquarie upped their price objective on shares of American Tower from $162.00 to $165.00 and gave the company an “outperform” rating in a research note on Wednesday, November 1st. BidaskClub upgraded shares of American Tower from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. Zacks Investment Research downgraded shares of American Tower from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, KeyCorp set a $156.00 price objective on shares of American Tower and gave the company an “overweight” rating in a research note on Wednesday, November 1st. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $158.50.

In related news, Chairman James D. Taiclet, Jr. sold 34,000 shares of the stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $151.20, for a total transaction of $5,140,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Edmund Disanto sold 10,000 shares of the stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $137.95, for a total transaction of $1,379,500.00. The disclosure for this sale can be found here. Insiders have sold 122,000 shares of company stock valued at $17,580,160 over the last three months. 0.86% of the stock is currently owned by corporate insiders.

Shares of American Tower Corp (NYSE AMT) opened at $140.76 on Wednesday. American Tower Corp has a 12 month low of $100.79 and a 12 month high of $155.28. The firm has a market cap of $59,598.12, a PE ratio of 21.51, a PEG ratio of 1.63 and a beta of 0.73. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.61.

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American Tower 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.

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

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