American Tower Corporation (REIT) (NYSE:AMT) reached 8.19% versus a 1-year low price of $125.24. The stock was last seen -0.97% lower, reaching at $135.5 on 05/24/2018. At recent session, the prices were hovering between $135.06 and $137.54. This company shares are 16.94% off its target price of $158.45 and the current market capitalization stands at $59.76B. The recent change has given its price a -3.21% deficit over SMA 50 and -12.74% deficit over its 52-week high. The stock witnessed -0.17% declines, -4.49% declines and -7.57% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found AMT’s volatility during a week at 1.43% and during a month it has been found around 1.73%.American Tower Corporation (REIT) (AMT) Top Holders
Institutional investors currently hold around $56.98 billion or 94.6% in AMT stock. Look at its top three institutional owners. Vanguard Group Inc owns $5.51 billion in American Tower Corporation (REIT), which represents roughly 9.23% of the company’s market cap and approximately 9.68% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 26,952,532 shares of the stock are valued at $3.69 billion. The third largest holder is Wellington Management Group Llp, which currently holds $3.47 billion worth of this stock and that ownership represents nearly 5.8% of its market capitalization.
At the end of 03/31/2018 reporting period, 507 institutional holders increased their position in American Tower Corporation (REIT) (NYSE:AMT) by some 28,861,941 shares, 518 decreased positions by 26,675,443 and 166 held positions by 360,899,175. That puts total institutional holdings at 416,436,559 shares, according to SEC filings. The stock grabbed 115 new institutional investments totaling 2,678,007 shares while 104 institutional investors sold out their entire positions totaling 4,188,777 shares.American Tower Corporation (REIT) (NYSE:AMT) Insider Trades
Multiple company employees have indulged in significant insider trading. American Tower Corporation (REIT) disclosed in a document filed with the US Securities and Exchange Commission (SEC) that EVP, Chief Admin Ofr, GC & Sec Disanto Edmund has sold 14,223 shares of American Tower Corporation (REIT) (AMT) in trading session dated May. 10, 2018. These shares are worth $1,991,220 and were traded at $140 each. The SEC filing shows that Sharma Amit performed a sale of 32,943 shares. The EVP, Asia disposed these shares by way of transaction on Apr. 16, 2018. The company’s shares were given away at $138.82 per share worth to an income of some $4,573,147 on account of Sharma Amit.
Director, Thompson Samme L, sold 3,500 common shares of American Tower Corporation (REIT) (AMT) in the open market. In a transaction dated Mar. 20, 2018, the shares were put up for sale at an average price of $146.36, raking in a sum of $512,260. After this sale, 18,625 common shares of AMT are directly owned by the insider, with total stake valued at $2,523,688.
In the transaction dated Mar. 14, 2018, the great number of shares disposed came courtesy the Director; Reed Joann A disposed a total of 845 shares at an average price of $146.83, amounting to approximately $124,071. The insider now directly owns 35,754 shares worth $4,844,667.American Tower Corporation (REIT) (AMT) Analyst Guide
Several analysts have released their opinion on American Tower Corporation (REIT) (NYSE:AMT), with 14 analysts believing it is a strong buy. Whereas 0 of them predict the stock is a hold. Also, there are 2 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.13 average brokerage recommendation.