American Tower Corporation (REIT) (AMT) Holdings Boosted by NEXT Financial Group Inc

NEXT Financial Group Inc grew its holdings in American Tower Corporation (REIT) (NYSE:AMT) by 13.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,129 shares of the real estate investment trust’s stock after purchasing an additional 1,654 shares during the quarter. NEXT Financial Group Inc’s holdings in American Tower Corporation (REIT) were worth $1,978,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of the business. Greystone Managed Investments Inc. boosted its stake in American Tower Corporation (REIT) by 3.5% in the third quarter. Greystone Managed Investments Inc. now owns 67,818 shares of the real estate investment trust’s stock worth $9,269,000 after purchasing an additional 2,286 shares in the last quarter. Waldron LP acquired a new position in American Tower Corporation (REIT) in the third quarter worth $321,000. Lowe Brockenbrough & Co. Inc. boosted its stake in American Tower Corporation (REIT) by 142.9% in the third quarter. Lowe Brockenbrough & Co. Inc. now owns 45,438 shares of the real estate investment trust’s stock worth $6,210,000 after purchasing an additional 26,730 shares in the last quarter. Ninepoint Partners LP acquired a new position in American Tower Corporation (REIT) in the third quarter worth $851,000. Finally, SG Americas Securities LLC boosted its stake in American Tower Corporation (REIT) by 256.8% in the third quarter. SG Americas Securities LLC now owns 266,031 shares of the real estate investment trust’s stock worth $36,361,000 after purchasing an additional 191,474 shares in the last quarter. 92.28% of the stock is currently owned by institutional investors.

American Tower Corporation (NYSE:AMT) traded down $2.53 during midday trading on Monday, reaching $145.87. The company had a trading volume of 2,055,000 shares, compared to its average volume of 1,979,571. The company has a market capitalization of $62,557.22, a P/E ratio of 22.58, a PEG ratio of 1.72 and a beta of 0.74. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.61. American Tower Corporation has a fifty-two week low of $99.72 and a fifty-two week high of $155.28.

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In related news, Chairman James D. Taiclet, Jr. sold 34,000 shares of the company’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $145.89, for a total value of $4,960,260.00. Following the completion of the sale, the chairman now owns 304,707 shares in the company, valued at $44,453,704.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 completion of the sale, the director now owns 17,758 shares of the company’s stock, valued at approximately $2,548,095.42. 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. 0.86% of the stock is currently owned by corporate insiders.

A number of equities analysts have commented on AMT shares. Jefferies Group LLC reissued a “buy” rating and issued a $144.00 price objective on shares of American Tower Corporation (REIT) in a research note on Tuesday, September 12th. Zacks Investment Research raised American Tower Corporation (REIT) from a “hold” rating to a “buy” rating and set a $152.00 price objective on the stock in a research note on Thursday, August 3rd. Macquarie boosted their price objective on American Tower Corporation (REIT) from $162.00 to $165.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 1st. BidaskClub raised American Tower Corporation (REIT) from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. Finally, KeyCorp set a $156.00 price objective on American Tower Corporation (REIT) and gave the stock an “overweight” rating in a research note on Wednesday, November 1st. One research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $157.00.

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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