American Tower Corp (NYSE:AMT) Move as Big Money’ Sentiment Dropped to 1.18

June 27, 2018 - By Arturo Altman

American Tower Corporation (NYSE:REIT) Corporate Logo

American Tower Corp’s Sentiment

“Big money sentiment for American Tower Corp (NYSE:AMT) in 2018 Q1 decreased to 1.18, according to SEC filings. That’s down -0.07, from 2017Q4’s 1.25. 402 investment professionals opened new or increased stock positions, while 340 sold and decreased their positions in American Tower Corp so the sentiment dropped. These funds own 389.87 million shares, that’s up from 377.89 million shares in 2017Q4. Funds holding American Tower Corp in top 10 changed to 41 from 38 for an increase of 3. 49 Investors Sold All; 291 Reduced Holdings; 308 increased holdings while 94 investment professionals bought holdings.

Significant American Tower Corp Investors

Akre Capital Management Llc owns 7.06 million shares in American Tower Corp as of 2018 Q1. As of 2018 Q1, 2.44 million shares of American Tower Corp are owned by Broad Run Investment Management Llc. Avenir Corp reported 697,076 shares. Bruni J V & Co Co revealed 296,539 shares position in American Tower Corp. The New York-based fund Manor Road Capital Partners Llc holds 275,000 shares or 6.95% of their stock exposure.

American Tower Corporation is a real estate investment trust.The firm is worth $63.39 billion. It invests in the real estate markets across the globe.54.57 is the P/E ratio.

REIT touched $143.53 during the last trading session after $0.36 change.American Tower Corporation has volume of 446,619 shares. Since June 27, 2017 REIT has risen 4.03% and is uptrending. REIT underperformed the S&P 500 by 8.54%.

American Tower Corporation (NYSE:REIT) Ratings Coverage

A total of 4 analysts rate American Tower Corp (NYSE:AMT) as follows: 4 “Buy”, 0 “Hold” and 0 “Sell”. Тherefore 100% are bullish. The firm has $171.0 highest and $154 lowest target. The avg target $161.25 is 12.35% above the last ($143.53) price. (NYSE:AMT) has 6 ratings reports on 27 Jun 2018 according to StockzIntelligence. On Monday, March 5 Citigroup maintained American Tower Corporation (NYSE:REIT) with “Buy” rating. On Friday, March 16 the stock of American Tower Corporation (NYSE:REIT) has “Overweight” rating given by Morgan Stanley. On Tuesday, March 27 Citigroup maintained American Tower Corporation (NYSE:REIT) with “Buy” rating. On Thursday, May 31 Morgan Stanley maintained the shares of AMT in report with “Overweight” rating. In Tuesday, February 27 report KeyBanc Capital Markets maintained it with “Buy” rating and $171.0 target.

American Tower Corporation (NYSE:REIT) Analyst Ratings Chart

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