Reaffirmed: American Tower Corp (NYSE:AMT) Buy Rating Reiterated at Jefferies; $144.0 Target in Place

September 17, 2017 - By Maria Brooks

 Reaffirmed: American Tower Corp (NYSE:AMT) Buy Rating Reiterated at Jefferies; $144.0 Target in Place

Investors sentiment increased to 1.09 in 2016 Q4. Its up 0.10, from 0.99 in 2016Q3. It improved, as 58 investors sold American Tower Corp shares while 271 reduced holdings. 101 funds opened positions while 258 raised stakes. 385.64 million shares or 1.20% less from 390.31 million shares in 2016Q3 were reported.

Fort Washington Investment Advisors Oh stated it has 25,123 shares. Apriem holds 0% of its portfolio in American Tower Corp (NYSE:AMT) for 80 shares. C M Bidwell & Limited owns 25,425 shares or 0.63% of their US portfolio. Jacobus Wealth Mgmt owns 3,335 shares for 0.1% of their portfolio. Solaris Asset Ltd has 3,461 shares for 0.24% of their portfolio. 40,498 were accumulated by Nbw Capital Limited Liability Co. First Personal Financial Serv reported 2,480 shares stake. Janney Montgomery Scott Lc holds 0.06% or 35,991 shares. Tiedemann Wealth Mngmt Limited holds 0.09% or 8,328 shares. Brown Advisory holds 0.21% or 543,483 shares in its portfolio. Amica Pension Fund Board Of Trustees holds 23,132 shares. Cohen Klingenstein Limited reported 0.39% of its portfolio in American Tower Corp (NYSE:AMT). Alpha Windward Ltd Llc invested 0.02% in American Tower Corp (NYSE:AMT). Whittier Communication Of Nevada Incorporated reported 18,541 shares. Howland Cap Mngmt Limited Liability has 2.13% invested in American Tower Corp (NYSE:AMT) for 216,351 shares.

Since March 23, 2017, it had 0 insider purchases, and 7 insider sales for $21.62 million activity. 4,167 shares were sold by SHARBUTT DAVID E, worth $532,418 on Friday, May 5. 90,489 shares were sold by HESS WILLIAM H, worth $10.95 million. 15,000 shares were sold by DiSanto Edmund, worth $1.79M on Thursday, March 23. 7,400 shares valued at $938,838 were sold by REED JOANN A on Wednesday, May 3. $5.13 million worth of stock was sold by Meyer Robert Joseph JR on Friday, April 28.

American Tower Corp (NYSE:AMT) Rating Reaffirmed

American Tower Corp (NYSE:AMT) just had their share rating of a ‘Buy’ issued by research analysts at Jefferies, who now has a $144.0 target on the $62.24B market cap company or a -0.70 % downside potential. This key information was revealed to investors in analysts report on Monday, 11 September.

Investors sentiment increased to 1.09 in 2016 Q4. Its up 0.10, from 0.99 in 2016Q3. It improved, as 58 investors sold American Tower Corp shares while 271 reduced holdings. 101 funds opened positions while 258 raised stakes. 385.64 million shares or 1.20% less from 390.31 million shares in 2016Q3 were reported.

Fort Washington Investment Advisors Oh stated it has 25,123 shares. Apriem holds 0% of its portfolio in American Tower Corp (NYSE:AMT) for 80 shares. C M Bidwell & Limited owns 25,425 shares or 0.63% of their US portfolio. Jacobus Wealth Mgmt owns 3,335 shares for 0.1% of their portfolio. Solaris Asset Ltd has 3,461 shares for 0.24% of their portfolio. 40,498 were accumulated by Nbw Capital Limited Liability Co. First Personal Financial Serv reported 2,480 shares stake. Janney Montgomery Scott Lc holds 0.06% or 35,991 shares. Tiedemann Wealth Mngmt Limited holds 0.09% or 8,328 shares. Brown Advisory holds 0.21% or 543,483 shares in its portfolio. Amica Pension Fund Board Of Trustees holds 23,132 shares. Cohen Klingenstein Limited reported 0.39% of its portfolio in American Tower Corp (NYSE:AMT). Alpha Windward Ltd Llc invested 0.02% in American Tower Corp (NYSE:AMT). Whittier Communication Of Nevada Incorporated reported 18,541 shares. Howland Cap Mngmt Limited Liability has 2.13% invested in American Tower Corp (NYSE:AMT) for 216,351 shares.

Since March 23, 2017, it had 0 insider purchases, and 7 insider sales for $21.62 million activity. 4,167 shares were sold by SHARBUTT DAVID E, worth $532,418 on Friday, May 5. 90,489 shares were sold by HESS WILLIAM H, worth $10.95 million. 15,000 shares were sold by DiSanto Edmund, worth $1.79M on Thursday, March 23. 7,400 shares valued at $938,838 were sold by REED JOANN A on Wednesday, May 3. $5.13 million worth of stock was sold by Meyer Robert Joseph JR on Friday, April 28.

American Tower Corp (NYSE:AMT) Ratings Coverage

Among 17 analysts covering American Tower Corporation (NYSE:AMT), 16 have Buy rating, 0 Sell and 1 Hold. Therefore 94% are positive. American Tower Corporation has $167 highest and $100 lowest target. $138.67’s average target is -4.37% below currents $145.01 stock price. American Tower Corporation had 49 analyst reports since August 6, 2015 according to SRatingsIntel. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, April 28 report. Citigroup maintained the shares of AMT in report on Wednesday, August 10 with “Buy” rating. As per Monday, August 24, the company rating was downgraded by Zacks. As per Wednesday, October 7, the company rating was maintained by JP Morgan. On Tuesday, July 18 the stock rating was maintained by Cowen & Co with “Buy”. The rating was maintained by Morgan Stanley on Thursday, August 24 with “Overweight”. The company was maintained on Monday, September 11 by UBS. As per Monday, May 2, the company rating was maintained by RBC Capital Markets. As per Friday, July 28, the company rating was maintained by Macquarie Research. Stifel Nicolaus maintained it with “Buy” rating and $120 target in Monday, November 2 report.

The stock increased 1.51% or $2.16 on September 15, reaching $145.01. About 3.21 million shares traded or 104.46% up from the average. American Tower Corp (NYSE:AMT) has risen 23.66% since September 17, 2016 and is uptrending. It has outperformed by 6.96% the S&P500.

Investors wait American Tower Corp (NYSE:AMT) to report on October, 26. its quarterly earnings Wall Street analysts expect $1.61 EPS, up $0.12 or 8.05 % from last year’s $1.49 same quarter earnings. This translates into $691.03 million profit for AMT giving the stock a 22.52 P/E. This is assuming the current $1.61 EPS is accurate. American Tower Corp’s Wall Street analysts see -4.17 % negative EPS growth, taking into account the $1.68 EPS reproted in the previous quarter,

American Tower Corporation is a holding company. The company has market cap of $62.24 billion. The Firm operates as a real estate investment trust (REIT), which owns, operates and develops multitenant communications real estate. It has a 58.1 P/E ratio. ATC’s divisions include U.S. property, Asia property, EMEA property, Latin America property, Services and Other.

More notable recent American Tower Corp (NYSE:AMT) news were published by: Seekingalpha.com which released: “A REIT With Fantastic Total Returns Above The Dow Average And Dividend Growth …” on September 11, 2017, also Stockhouse.com with their article: “American Tower Corporation Declares Quarterly Distribution” published on September 12, 2017, Nasdaq.com published: “American Tower Touches 52-Week High Amid Multiple Risks” on August 28, 2017. More interesting news about American Tower Corp (NYSE:AMT) were released by: Businesswire.com and their article: “Philips Lighting and American Tower Corporation Form Alliance to Accelerate …” published on September 11, 2017 as well as Barrons.com‘s news article titled: “Big REIT Buys: Duke, SL Green, American Tower” with publication date: September 13, 2017.

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