American Tower Corporation (REIT) (AMT) Shares Sold by Buckingham Asset Management LLC

Buckingham Asset Management LLC cut its stake in American Tower Corporation (REIT) (NYSE:AMT) by 14.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,741 shares of the real estate investment trust’s stock after selling 1,175 shares during the period. Buckingham Asset Management LLC’s holdings in American Tower Corporation (REIT) were worth $921,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in AMT. Janus Henderson Group PLC raised its stake in shares of American Tower Corporation (REIT) by 1,886.3% in 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 acquiring an additional 7,092,413 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of American Tower Corporation (REIT) by 823.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,606,119 shares of the real estate investment trust’s stock worth $212,525,000 after acquiring an additional 1,432,155 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of American Tower Corporation (REIT) by 3.2% in 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 acquiring an additional 881,020 shares during the last quarter. Prudential Financial Inc. raised its stake in shares of American Tower Corporation (REIT) by 56.7% in the second quarter. Prudential Financial Inc. now owns 1,963,407 shares of the real estate investment trust’s stock worth $259,798,000 after acquiring an additional 710,130 shares during the last quarter. Finally, Winslow Capital Management LLC raised its stake in shares of American Tower Corporation (REIT) by 36.5% in the second quarter. Winslow Capital Management LLC now owns 2,539,716 shares of the real estate investment trust’s stock worth $336,055,000 after acquiring an additional 679,096 shares during the last quarter. 92.04% of the stock is owned by institutional investors.

A number of equities analysts have weighed in on the stock. Morgan Stanley boosted their target price on shares of American Tower Corporation (REIT) from $155.00 to $172.00 and gave the stock an “overweight” rating in a research note on Tuesday. Zacks Investment Research raised shares of American Tower Corporation (REIT) from a “hold” rating to a “buy” rating and set a $152.00 price target for the company in a research note on Thursday, August 3rd. Jefferies Group LLC boosted their price target on shares of American Tower Corporation (REIT) from $144.00 to $163.00 and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Argus boosted their price target on shares of American Tower Corporation (REIT) to $170.00 and gave the stock a “buy” rating in a research note on Thursday, November 9th. Finally, SunTrust Banks, Inc. reissued a “buy” rating on shares of American Tower Corporation (REIT) in a research note on Wednesday, September 20th. One analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the stock. American Tower Corporation (REIT) presently has an average rating of “Buy” and an average target price of $157.00.

American Tower Corporation (NYSE:AMT) traded down $2.44 during trading on Friday, hitting $145.96. 1,183,515 shares of the stock traded hands, compared to its average volume of 1,979,232. The firm has a market capitalization of $63,570.00, a PE ratio of 23.05, a PEG ratio of 1.75 and a beta of 0.74. American Tower Corporation has a 12 month low of $99.72 and a 12 month high of $155.28. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.42 and a quick ratio of 1.42.

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In related news, Director Pamela D. A. Reeve sold 5,000 shares of the stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $143.49, for a total transaction of $717,450.00. Following the completion of the transaction, the director now owns 17,758 shares in the company, valued at $2,548,095.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman James D. Taiclet, Jr. sold 34,000 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $151.20, for a total transaction of $5,140,800.00. The disclosure for this sale can be found here. Insiders sold 127,000 shares of company stock valued at $18,297,610 in the last quarter. Corporate insiders own 0.86% of the company’s stock.

About American Tower Corporation (REIT)

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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