American Tower Corporation (REIT) (NYSE:AMT) Growth Estimates in Focus

Cornelia Mascio
Novembre 17, 2017

The good news is there's still room for American Tower Corporation (REIT) (AMT) to grow. The Adage Capital Partners Gp Llc holds 862,563 shares with $114.13 million value, down from 1.22M last quarter. The value of the investment in American Tower Corp went from $504,376,000 to $542,414,000 increasing 7.5% quarter to quarter. The stock declined 1.61% or $2.39 reaching $146.02 on the news. As of the latest earnings report the EPS was $2.63 with 428.86M shares presently outstanding.

More notable recent American Tower Corp (NYSE:AMT) news were published by: Businesswire.com which released: "American Tower Corporation to Present at the 2017 Morgan Stanley European ..." on November 02, 2017, also Fool.com with their article: "American Tower results: The raw numbers" published on October 31, 2017, Bloomberg.com published: "American Tower Boosts India Footprint With $1.2 Billion Deal" on November 13, 2017. It has outperformed by 6.96% the S&P500. Livingston Group Asset Management Southport Capital Management acquired 7,126 shares as Home Depot Inc Com (HD)'s stock rose 9.30%. It also upped Tjx Cos Inc New (NYSE:TJX) stake by 85,000 shares and now owns 530,500 shares. The stock has been active on the tape, now trading at $148.93, down from yesterday's close by -0.37%. About 149,995 shares traded. It has outperformed by 1.95% the S&P500.

Keybank National Association, which manages about $16.72 billion US Long portfolio, decreased its stake in Skyworks Solutions Inc (NASDAQ:SWKS) by 5,304 shares to 12,452 shares, valued at $1.20 million in 2017Q2, according to the filing. The stock has a market cap of $63,300.00, a PE ratio of 23.05, a P/E/G ratio of 1.75 and a beta of 0.74. It improved, as 54 investors sold AMT shares while 274 reduced holdings.

A number of other hedge funds also recently added to or reduced their stakes in AMT. After having $1.73 EPS previously, American Tower Corp's analysts see -5.78 % EPS growth. Congress Asset Management Co Ma accumulated 73,231 shares. Walleye Trading Lc has 0.01% invested in American Tower Corp (NYSE:AMT). Ameritas Invest Ptnrs reported 20,583 shares. Vantage Investment owns 364 shares or 0.01% of their USA portfolio. Capital Intll Inc Ca has invested 0.73% in American Tower Corp (NYSE:AMT). North Star Investment Management reported 0.01% of its portfolio in American Tower Corp (NYSE:AMT). Avalon Ltd Com holds 97,990 shares. Lakeview Cap Prtn Ltd Limited Liability Company holds 0.32% of its portfolio in American Tower Corp (NYSE:AMT) for 2,889 shares. West Oak Cap Limited Liability Corp holds 0% or 533 shares in its portfolio.

Shares of American Tower Corporation (NYSE:AMT) traded down $0.53 during trading on Friday, hitting $148.40. Therefore 94% are positive. Analyst's mean target price for American Tower Corporation (REIT) is $156.59. The stock has "Buy" rating by Oppenheimer on Thursday, July 27. The rating was maintained by Cowen & Co on Thursday, September 21 with "Buy". Argus Research maintained the stock with "Buy" rating in Wednesday, August 17 report. The rating was maintained by Citigroup on Monday, August 28 with "Buy". Jefferies maintained American Tower Corp (NYSE:AMT) rating on Wednesday, November 1. The firm has "Hold" rating given on Wednesday, February 15 by Canaccord Genuity.

Among 40 analysts covering Whiting Petroleum Corporation (NYSE:WLL), 11 have Buy rating, 7 Sell and 22 Hold. Stifel Nicolaus maintained American Tower Corp (NYSE:AMT) rating on Tuesday, July 4. RBC Capital Markets maintained the shares of KR in report on Tuesday, June 13 with "Buy" rating.

As of quarter end Two Sigma Advisers, Lp had acquired a total of 144,393 shares growing its stake by 11.1%. Accenture Plc Ireland (NYSE:ACN) was raised too. Following the transaction, the chairman now owns 304,707 shares in the company, valued at approximately $44,453,704.23. Therefore 55% are positive. Gigamon had 36 analyst reports since March 30, 2016 according to SRatingsIntel. Zacks downgraded the shares of OMI in report on Tuesday, August 25 to "Hold" rating. On Wednesday, September 28 the stock rating was maintained by Bank of America with "Neutral". Leerink Swann maintained Owens & Minor, Inc. Needham has "Buy" rating and $50.0 target. The rating was maintained by Jefferies with "Buy" on Monday, October 16. The rating was maintained by RBC Capital Markets with "Sector Perform" on Monday, December 7.

Investors sentiment increased to 1.46 in Q2 2017. Its up 0.52, from 0.99 in 2017Q1. 33 funds opened positions while 107 raised stakes. Principal Financial Group Inc. now owns 3,164,598 shares of the real estate investment trust's stock valued at $432,537,000 after purchasing an additional 166,910 shares in the last quarter. The average ROE for the sector stands at 15.15%. Auxier Asset holds 1.92% of its portfolio in Kroger Co (NYSE:KR) for 402,063 shares. State Of Wisconsin Inv Board stated it has 71,738 shares or 0% of all its holdings. Personal Capital has 171,196 shares for 0.5% of their portfolio. Mackenzie Corporation reported 0.07% stake. Hirtle Callaghan & Ltd Liability Company holds 0.01% or 256 shares in its portfolio. Boothbay Fund Mgmt Lc reported 14,172 shares. Prudential Fin Inc reported 14,839 shares. Edgewood Management Limited Co has invested 3.56% in Nike Inc (NYSE:NKE). 2,035 were accumulated by Iab Bankshares.

Since May 23, 2017, it had 0 insider buys, and 2 selling transactions for $372,118 activity. 3,185 shares were sold by Shinn Paul B, worth $123,897.

In terms of performance, shares of Colgate-Palmolive Company (NYSE:CL) are 10.99% since the start of 2016.

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