As American Tower Corp New (AMT) Shares Rose, Shareholder Brookfield Asset Management INC Increased by $61.13 Million Its Stake

May 3, 2018 - By Sarah Harris

American Tower Corporation (NYSE:REIT) Corporate LogoDuring 2017 Q4 the big money sentiment increased to 1.25. That’s change of 0.05, from 2017Q3’s 1.2. 47 investors sold all, 280 reduced holdings as AMT ratio is positive. 301 rose stakes while 107 funds bought stakes. Funds hold 377.89 million shares thus 0.11% less from 2017Q3’s 378.31 million shares. Boston Private Wealth Limited Liability accumulated 0.11% or 20,474 shs. Mackenzie invested 0% in American Tower Corporation (NYSE:REIT). Finemark Bancorporation Tru invested in 3,892 shs or 0.04% of the stock. Bbva Compass Comml Bank Incorporated owns 19,086 shs or 0.17% of their US capital. Torray Lc, a Maryland-based fund reported 160,146 shs. Wright Investors, Connecticut-based fund reported 10,188 shs. Columbia L L C Invest reported 0.98% in American Tower Corporation (NYSE:REIT). Quantitative Investment Management Limited has invested 0.1% in American Tower Corporation (NYSE:REIT). 91,710 were accumulated by Nippon Life Glob Invsts Americas. Moreover, Factory Mutual Insurance has 0.53% invested in American Tower Corporation (NYSE:REIT) for 353,800 shs. Selkirk Mgmt Ltd Liability Corporation reported 49,150 shs. Calamos Advisors Ltd Liability Com holds 0.06% or 80,711 shs in its capital. Penobscot Management Co Incorporated stated it has 0.19% of its capital in American Tower Corporation (NYSE:REIT). Amica Retiree Med Trust owns 5,429 shs for 0.59% of their capital. Nbw Capital Limited Liability Corporation invested 1.58% in American Tower Corporation (NYSE:REIT).

AMT had 7 sales and 0 insider purchases since December 11, 2017. This’s net activity of $15.20 million. On Tuesday, March 20 3,500 shs were sold by THOMPSON SAMME L, worth $512,246. On Saturday, March 10 $4.11 million worth of stock was sold by HESS WILLIAM H. On Monday, April 16 Sharma Amit had sold 32,943 shs worth $4.57 million. On Wednesday, March 14 REED JOANN A sold $124,071 worth of American Tower Corporation (NYSE:REIT) or 845 shs. On Monday, December 11 TAICLET JAMES D JR also sold $4.94M worth of American Tower Corporation (NYSE:REIT).

Brookfield Asset Management Inc rose its stake by 18.09% in American Tower Corp New (AMT), according to 2017Q4 Securities and Exchange filling. 430,500 shares were bought by Brookfield Asset Management Inc as the company’s stock rose 2.70% while stock markets declined. At the end of 2017Q4, the 2.81M shares of the real estate investment trusts company held by the hedge fund were priced at $400.92M, up from 2.38 million at the end of the previous reported quarter. $59.46 billion is American Tower Corp New’s MC. The stock increased 0.70% or $0.96 during the last trading session, hitting $137.43.American Tower Corporation has volume of 807,513 shares. Since May 3, 2017 REIT has risen 20.37% and is uptrending. REIT outperformed by 8.82% the S&P 500.

Brookfield Asset Management Inc manages about $13.20 billion and $24.31B US Long portfolio. According to a filing the fund reduced its stake in Spdr S&P 500 Etf Tr (Put) (SPY) by 415,000 shares to 360,000 shares, valued at $96.11M in 2017Q4. For a total of 913,446 shares it reduced its holding in Sempra Energy (NYSE:SRE) by 359,600 shares in the quarter, and has cut its stake in Pg&E Corp (NYSE:PCG).

American Tower Corporation (NYSE:REIT) Ratings Coverage

In total 9 analysts cover American Tower Corp (NYSE:AMT). “Buy” rating has 9, “Sell” are 0, while 0 are “Hold”. 100% are bullish. With $177.0 highest and $157 lowest target price American Tower Corp has $164.13 average target price or 19.43% above the current ($137.43) price. 13 are the (NYSE:AMT)’s analyst reports since November 9, 2017 according to StockzIntelligence Inc. In Wednesday, November 29 report RBC Capital Markets maintained the stock with “Buy” rating. On Monday, November 27 KeyBanc Capital Markets maintained the shares of AMT in report with “Buy” rating. On Monday, March 5 the rating was maintained by Citigroup with “Buy”. On Wednesday, December 13 the stock has “Overweight” rating by Morgan Stanley. On Tuesday, February 27 the stock of American Tower Corporation (NYSE:REIT) earned “Buy” rating by KeyBanc Capital Markets. On Tuesday, March 27 the firm has “Buy” rating by Citigroup given. In Friday, March 16 report Morgan Stanley maintained it with “Overweight” rating and $157 target. On Wednesday, December 6 the rating was maintained by SunTrust with “Buy”. The stock rating was maintained by Morgan Stanley with “Overweight” on Tuesday, November 14. On Wednesday, December 20 Oppenheimer maintained American Tower Corporation (NYSE:REIT) rating. Oppenheimer has “Buy” rating and $160.0 target.

American Tower Corporation (NYSE:REIT) Analyst Ratings Chart

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