Camden Asset Management L P CA Has $11.30 Million Holdings in American Tower Corporation (REIT) (NYSE:AMT)

Camden Asset Management L P CA trimmed its position in shares of American Tower Corporation (REIT) (NYSE:AMT) by 93.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,400 shares of the real estate investment trust’s stock after selling 1,184,325 shares during the period. Camden Asset Management L P CA’s holdings in American Tower Corporation (REIT) were worth $11,300,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the stock. NorthCoast Asset Management LLC purchased a new stake in shares of American Tower Corporation (REIT) during the second quarter worth $744,000. Financial Counselors Inc. raised its holdings in shares of American Tower Corporation (REIT) by 7.7% during the second quarter. Financial Counselors Inc. now owns 15,901 shares of the real estate investment trust’s stock worth $2,104,000 after acquiring an additional 1,135 shares in the last quarter. Bfsg LLC purchased a new stake in shares of American Tower Corporation (REIT) during the second quarter worth $247,000. Martingale Asset Management L P purchased a new stake in shares of American Tower Corporation (REIT) during the second quarter worth $910,000. Finally, Pittenger & Anderson Inc. raised its holdings in shares of American Tower Corporation (REIT) by 5.3% during the second quarter. Pittenger & Anderson Inc. now owns 48,350 shares of the real estate investment trust’s stock worth $6,398,000 after acquiring an additional 2,440 shares in the last quarter. Institutional investors and hedge funds own 92.09% of the company’s stock.

Several analysts recently issued reports on AMT shares. Citigroup Inc. increased their price objective on American Tower Corporation (REIT) from $142.00 to $167.00 and gave the stock a “buy” rating in a report on Monday, August 28th. Royal Bank Of Canada reissued a “buy” rating and set a $153.00 target price on shares of American Tower Corporation (REIT) in a research report on Friday, September 1st. BidaskClub raised shares of American Tower Corporation (REIT) from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Zacks Investment Research downgraded shares of American Tower Corporation (REIT) from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Finally, Cowen and Company reissued a “buy” rating and set a $155.00 target price on shares of American Tower Corporation (REIT) in a research report on Wednesday, July 19th. Thirteen equities research analysts have rated the stock with a buy rating, American Tower Corporation (REIT) has a consensus rating of “Buy” and a consensus target price of $148.58.

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Shares of American Tower Corporation (AMT) traded up 1.51% during midday trading on Friday, hitting $145.01. The stock had a trading volume of 3,210,562 shares. American Tower Corporation has a 1-year low of $99.72 and a 1-year high of $148.71. The company’s 50 day moving average price is $141.85 and its 200-day moving average price is $130.37. The firm has a market capitalization of $62.23 billion, a PE ratio of 58.00 and a beta of 0.70.

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

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 17th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.66 per share. The ex-dividend date is Thursday, September 28th. This is a positive change from American Tower Corporation (REIT)’s previous quarterly dividend of $0.64. This represents a $2.64 annualized dividend and a dividend yield of 1.82%. American Tower Corporation (REIT)’s payout ratio is currently 102.81%.

In related news, Director Pamela D. A. Reeve sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $143.49, for a total value of $717,450.00. Following 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 document filed with the SEC, which can be accessed through this link. Also, EVP Amit Sharma sold 20,747 shares of the company’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $139.67, for a total transaction of $2,897,733.49. Following the completion of the transaction, the executive vice president now owns 101,605 shares in the company, valued at approximately $14,191,170.35. The disclosure for this sale can be found here. Insiders have sold a total of 80,295 shares of company stock worth $11,347,780 over the last 90 days. 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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