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American Tower Corporation (REIT)

02 Août 2017

American Tower Corp (NYSE:AMT) institutional sentiment increased to 1.09 in Q4 2016. Pennsylvania-based Girard Partners Limited has invested 0.52% in American Tower Corp (NYSE:AMT). Finally, Raymond James Financial, Inc. reiterated an "outperform" rating on shares of American Tower Corporation (REIT) in a report on Monday, June 12th.

Several other large investors have also made changes to their positions in the company. Integrated Investment Consultants LLC boosted its position in American Tower Corporation (REIT) by 0.9% in the first quarter. The stock decreased 1.45% or $2.01 during the last trading session, reaching $136.33. The Hudson Valley Investment Advisors Inc holds 14,796 shares with $1.56 million value, up from 4,430 last quarter. LLC raised its position in American Tower Corporation (REIT) by 31.4% in the first quarter. The fund owned 7,120 shares of the real estate investment trust's stock after selling 7 shares during the period. Farmers & Merchants Investments Inc. increased its position in shares of American Tower Corporation (REIT) by 72.6% in the second quarter. Homrich & Berg now owns 7,046 shares of the real estate investment trust's stock worth $856,000 after buying an additional 24 shares during the last quarter. Finally, Spinnaker Trust purchased a new stake in American Tower Corporation (REIT) during the first quarter worth approximately $201,000. The real estate investment trust reported $0.80 earnings per share for the quarter, missing the consensus estimate of $1.55 by $0.75.

American Tower Corporation (AMT) opened at 136.33 on Friday. The lowest target is $100 while the high is $16100. The stock's 50 day moving average is $133.52 and its 200 day moving average is $122.23. The firm has a market capitalization of $58.51 billion, a PE ratio of 54.53 and a beta of 0.71. Zacks upgraded American Tower Corp (NYSE:AMT) rating on Wednesday, August 12. The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.64 billion.

TRADEMARK VIOLATION NOTICE: "American Tower Corporation (REIT) (AMT) Price Target Raised to $157.00" was originally reported by Community Financial News and is the sole property of of Community Financial News. American Tower Corporation (REIT)'s revenue for the quarter was up 15.3% compared to the same quarter past year. During the same period in the previous year, the firm posted $1.38 earnings per share. On average, equities analysts anticipate that American Tower Corporation will post $3.03 EPS for the current year.

APG Asset Management NV Lowers Position in Cenovus Energy Inc (NYSE:CVE)
During current year the company's forecasts over growth are 133.3% while for the next year analysts' growth estimation is 158.3%. FNY Partners Fund LP purchased a new position in shares of Cenovus Energy during the first quarter valued at about $113,000.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Quest Invest Or invested in 0.04% or 2,808 shares. This dividend represents a yield of $1.85. The ex-dividend date of this dividend was Thurs, Jun 15th. Cap Ca stated it has 0.73% of its portfolio in American Tower Corp (NYSE:AMT). American Tower Corporation (REIT)'s dividend payout ratio is now 102.81%.

American Tower Corporation (REIT) (NYSE:AMT) last announced its quarterly earnings data on Thursday, July 27th. If you are viewing this report on another website, it was copied illegally and republished in violation of United States and worldwide copyright law. The original version of this story can be accessed at https://www.themarketsdaily.com/2017/08/01/ems-capital-lp-has-1856000-position-in-american-tower-corporation-reit-amt-updated-updated.html.

American Tower Corporation (NYSE:AMT)'s performance this year to date is 29.00%. Royal Bank Of Canada raised their price objective on shares of American Tower Corporation (REIT) from $134.00 to $145.00 and gave the company 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 report on Monday. Stifel Nicolaus reiterated a "buy" rating and issued a $150.00 target price on shares of American Tower Corporation (REIT) in a research report on Thursday, July 6th. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock presently has an average rating of "Buy" and an average target price of $141.08. Gamble Jones Inv Counsel has 0.34% invested in American Tower Corp (NYSE:AMT) for 29,011 shares. The shares were sold at an average price of $128.61, for a total value of $469,812.33. 1,972,640 shares of the company's stock were exchanged. The transaction was disclosed in a filing with the SEC, which is available through this link.

In other news, Director Joann A. Reed sold 7,400 shares of the company's stock in a transaction on Wednesday, May 3rd. Following the transaction, the director now directly owns 37,758 shares of the company's stock, valued at approximately $4,790,357.46. The disclosure for this sale can be found here. Insiders sold a total of 92,697 shares of company stock worth $11,913,907 over the last three months. Insiders own 0.86% of the company's stock. First Mercantile Company holds 0.18% or 10,993 shares. The institutional investor held 4.96M shares of the real estate investment trusts company at the end of 2016Q4, valued at $524.65 million, up from 4.45 million at the end of the previous reported quarter.