United Capital Financial Advisers LLC grew its position in shares of American Tower Co. (NYSE:AMT – Get Rating) by 3.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 137,305 shares of the real estate investment trust’s stock after buying an additional 4,518 shares during the quarter. United Capital Financial Advisers LLC’s holdings in American Tower were worth $34,494,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in AMT. Vanguard Group Inc. grew its stake in shares of American Tower by 1.4% during the first quarter. Vanguard Group Inc. now owns 59,982,344 shares of the real estate investment trust’s stock valued at $15,068,764,000 after purchasing an additional 824,408 shares during the last quarter. BlackRock Inc. grew its stake in shares of American Tower by 6.7% during the fourth quarter. BlackRock Inc. now owns 36,636,712 shares of the real estate investment trust’s stock valued at $10,716,237,000 after purchasing an additional 2,302,202 shares during the last quarter. State Street Corp grew its stake in shares of American Tower by 5.1% during the fourth quarter. State Street Corp now owns 19,702,540 shares of the real estate investment trust’s stock valued at $5,789,646,000 after purchasing an additional 953,582 shares during the last quarter. Cohen & Steers Inc. grew its stake in shares of American Tower by 27.5% during the first quarter. Cohen & Steers Inc. now owns 19,680,735 shares of the real estate investment trust’s stock valued at $4,944,107,000 after purchasing an additional 4,239,151 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of American Tower by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 8,675,143 shares of the real estate investment trust’s stock valued at $2,531,637,000 after purchasing an additional 136,713 shares during the last quarter. 91.03% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on AMT shares. Morgan Stanley decreased their price target on shares of American Tower from $268.00 to $252.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 20th. Barclays increased their price target on shares of American Tower from $284.00 to $290.00 and gave the company an “overweight” rating in a research note on Friday, August 26th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of American Tower from $260.00 to $270.00 and gave the company a “hold” rating in a report on Thursday, July 14th. JPMorgan Chase & Co. upgraded shares of American Tower from an “underweight” rating to an “overweight” rating and increased their price objective for the company from $245.00 to $285.00 in a report on Tuesday, June 21st. Finally, Royal Bank of Canada increased their price objective on shares of American Tower from $282.00 to $300.00 and gave the company an “outperform” rating in a report on Thursday, August 4th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $290.93.
Insider Transactions at American Tower
American Tower Trading Down 0.0 %
AMT opened at $261.59 on Friday. The firm’s fifty day moving average is $263.18 and its two-hundred day moving average is $252.75. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market cap of $121.79 billion, a PE ratio of 43.02, a price-to-earnings-growth ratio of 2.38 and a beta of 0.48. American Tower Co. has a twelve month low of $220.00 and a twelve month high of $298.42.
American Tower (NYSE:AMT – Get Rating) last posted its earnings results on Thursday, July 28th. The real estate investment trust reported $1.95 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.99. The company had revenue of $2.67 billion for the quarter, compared to analyst estimates of $2.64 billion. American Tower had a net margin of 27.23% and a return on equity of 28.93%. The business’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same period last year, the business posted $2.42 earnings per share. Equities research analysts anticipate that American Tower Co. will post 9.47 EPS for the current year.
American Tower Profile
American Tower Corporation, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of approximately 219,000 communications sites. For more information about American Tower, please visit the Earnings Materials and Investor Presentations sections of our investor relations website at www.americantower.com.
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