American Tower Corporation (REIT) (AMT) Stake Held by Supplemental Annuity Collective Trust of NJ

Supplemental Annuity Collective Trust of NJ continued to hold its position in shares of American Tower Corporation (REIT) (NYSE:AMT) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,028 shares of the real estate investment trust’s stock at the end of the second quarter. Supplemental Annuity Collective Trust of NJ’s holdings in American Tower Corporation (REIT) were worth $1,062,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Grassi Investment Management raised its position in shares of American Tower Corporation (REIT) by 5.4% in the first quarter. Grassi Investment Management now owns 54,850 shares of the real estate investment trust’s stock valued at $6,666,000 after buying an additional 2,805 shares in the last quarter. Capstone Asset Management Co. raised its stake in American Tower Corporation (REIT) by 0.5% in the first quarter. Capstone Asset Management Co. now owns 40,745 shares of the real estate investment trust’s stock worth $4,952,000 after buying an additional 220 shares in the last quarter. Pennsylvania Trust Co raised its stake in American Tower Corporation (REIT) by 335.8% in the first quarter. Pennsylvania Trust Co now owns 70,453 shares of the real estate investment trust’s stock worth $8,563,000 after buying an additional 54,288 shares in the last quarter. Carroll Financial Associates Inc. raised its stake in American Tower Corporation (REIT) by 8.0% in the first quarter. Carroll Financial Associates Inc. now owns 2,704 shares of the real estate investment trust’s stock worth $328,000 after buying an additional 200 shares in the last quarter. Finally, National Pension Service raised its stake in American Tower Corporation (REIT) by 3.9% in the first quarter. National Pension Service now owns 315,949 shares of the real estate investment trust’s stock worth $38,201,000 after buying an additional 11,737 shares in the last quarter. Institutional investors own 92.36% of the company’s stock.

Shares of American Tower Corporation (NYSE AMT) traded up 0.25% on Friday, reaching $140.00. 1,114,278 shares of the company’s stock traded hands. The stock has a market cap of $60.08 billion, a price-to-earnings ratio of 56.00 and a beta of 0.71. American Tower Corporation has a 52-week low of $99.72 and a 52-week high of $141.51. The firm’s 50-day moving average is $136.09 and its 200-day moving average is $125.24.

American Tower Corporation (REIT) (NYSE:AMT) last released its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.55 by $0.75. The business had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.64 billion. American Tower Corporation (REIT) had a net margin of 18.58% and a return on equity of 16.70%. American Tower Corporation (REIT)’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.38 EPS. Analysts anticipate that American Tower Corporation will post $3.02 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: “American Tower Corporation (REIT) (AMT) Stake Held by Supplemental Annuity Collective Trust of NJ” was originally posted by Rincon Hill News and is owned by of Rincon Hill News. If you are viewing this story on another publication, it was stolen and republished in violation of U.S. & international trademark and copyright law. The correct version of this story can be viewed at https://rinconhillneighbors.org/2017/08/19/supplemental-annuity-collective-trust-of-nj-maintains-position-in-american-tower-corporation-reit-amt-updated.html.

Several research firms have commented on AMT. BidaskClub upgraded shares of American Tower Corporation (REIT) from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Zacks Investment Research downgraded shares of American Tower Corporation (REIT) from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Argus raised their price objective on shares of American Tower Corporation (REIT) from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, August 3rd. Deutsche Bank AG raised their price objective on shares of American Tower Corporation (REIT) from $145.00 to $157.00 and gave the stock a “buy” rating in a report on Friday, July 14th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $150.00 price objective on shares of American Tower Corporation (REIT) in a report on Thursday, July 6th. One investment analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $142.67.

In related news, EVP Steven C. Marshall sold 20,548 shares of the company’s stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $134.92, for a total transaction of $2,772,336.16. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.86% of the stock is owned by corporate 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)

Receive News & Ratings for American Tower Corporation (REIT) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Tower Corporation (REIT) and related companies with our FREE daily email newsletter.

 

Latest News



Leave a Reply

 
© 2006-2017 Rincon Hill News.