American Tower Corp Q3 2018 Big Money Sentiment Better Than Expected, now at 1.11

American Tower Corporation (NYSE:REIT) Corporate Logo

Positions for American Tower Corp (NYSE:AMT)

“Big money sentiment for American Tower Corp (NYSE:AMT) in Q3 2018 decreased to 1.11, according to SEC filings. So its down -0.03, from 2018Q2’s 1.14. 371 funds started new and increased holdings, while 335 sold and decreased their positions in American Tower Corp so the sentiment is negative. These funds own 390.23 million shares, that’s down from 393.35 million shares in 2018Q2. Funds holding American Tower Corp in top 10 changed to 26 from 31 for a decrease of 5. In total 30 funds closed positions, 305 reduced and 280 increased. Also 91 funds bought new American Tower Corp stakes.

Significant American Tower Corp Investors

As of Q3 2018 Akre Capital Management Llc has 11.99% invested in American Tower Corp. American Tower Corp’s shareholder Broad Run Investment Management Llc owns 1.98 million shares as of Q3 2018. Moreover, Avenir Corp reported 621,360 shares in American Tower Corp equivalent to 9.92% of its US equity exposure. The California-based fund Dorsal Capital Management Llc have invested about 6.93% of the fund’s stock portfolio in American Tower Corp. The Colorado-based fund Bruni J V & Co Co looks positive on American Tower Corp, owning 287,405 shares.

American Tower Corporation is a real estate investment trust.The firm is valued at $70.88 billion. It invests in the real estate markets across the globe.60.4 is the P/E ratio.

Ticker’s shares touched $160.91 during the last trading session after 0.59% change.American Tower Corporation has volume of 174,979 shares. Since January 11, 2018 REIT has risen 15.32% and is uptrending. The stock outperformed the S&P 500 by 15.32%.

American Tower Corporation (NYSE:REIT) Ratings Coverage

In total 8 analysts cover American Tower (NYSE:AMT). “Buy” rating has 4, “Sell” are 0, while 4 are “Hold”. 50% are bullish. With $176 highest and $160 lowest price target American Tower has $165.63 average price target or 2.93% above the current ($160.91) price. 10 are the (NYSE:AMT)’s analyst reports since July 16, 2018 according to StockzIntelligence Inc. The stock rating was maintained by KeyBanc Capital Markets with “Overweight” on Wednesday, October 31. On Wednesday, October 31 Barclays Capital maintained American Tower Corporation (NYSE:REIT) with “Overweight” rating. On Thursday, August 16 the rating was maintained by Morgan Stanley with “Overweight”. On Wednesday, August 1 the stock has “Buy” rating by Deutsche Bank. On Wednesday, December 12 the stock of American Tower Corporation (NYSE:REIT) has “Equal-Weight” rating given by Morgan Stanley. On Monday, August 20 Argus Research maintained the shares of AMT in report with “Buy” rating. On Monday, July 16 the firm has “Neutral” rating by Guggenheim given. On Friday, November 2 the firm has “Hold” rating given by Deutsche Bank. On Friday, November 16 Wells Fargo maintained American Tower Corporation (NYSE:REIT) rating. Wells Fargo has “Outperform” rating and $176 target. On Wednesday, October 31 the company was downgraded by Citigroup.

For more American Tower Corporation (NYSE:REIT) news posted briefly go to: Seekingalpha.com, Globenewswire.com, Seekingalpha.com, Seekingalpha.com or Benzinga.com. The titles are as follows: “Ashford Hospitality Trust: Why I Just Bought This 11.0%-Yielding Hotel REIT – Seeking Alpha” posted on January 09, 2019, “Whitestone REIT’s Board of Trustees Declares First Quarter 2019 Dividends – GlobeNewswire” on December 20, 2018, “Arlington Asset Investment to elect REIT status – Seeking Alpha” with a publish date: December 27, 2018, “2 Of Our Favorite Triple Net Lease REITs For 2019 And Beyond – Seeking Alpha” and the last “Revisiting Real Estate ETFs (NYSE:VNQ)(NYSE:SCHH) – Benzinga” with publication date: December 12, 2018.

American Tower Corporation (NYSE:REIT) Analyst Ratings Chart

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