As American Tower Corp (NYSE:AMT) Price Rose, Shareholder Lasalle Investment Management Securities Llc Lowered Position by $99.88 Million

May 16, 2018 - By Carolyn Hewitt

American Tower Corporation (NYSE:REIT) Corporate LogoBig Money Sentiment increased to 1.25 in 2017 Q4. It has change of 0.05, from 2017Q3’s 1.2. The ratio increased due to AMT positioning: 47 sold and 280 reduced. 107 funds amassed positions and 301 increased positions. Investors holded 378.31 million in 2017Q3 but now own 377.89 million shares or 0.11% less. Cullen Frost Bankers, a Texas-based fund reported 82,758 shs. Raymond James Trust Na reported 8,691 shs. California Employees Retirement Systems holds 0.19% of its capital in American Tower Corporation (NYSE:REIT) for 986,133 shs. Commonwealth Comml Bank Of Aus holds 2.63M shs or 3.68% of its capital. Crestpoint Capital Mgmt accumulated 3,200 shs. Webster State Bank N A holds 0.02% or 1,135 shs in its capital. Halsey Ct has 93,922 shs. 2.42M are owned by Winslow Management Ltd Company. Pr Herzig & Company, a New York-based fund reported 4,450 shs. Parkside Financial Bank owns 431 shs. Princeton Port Strategies Group Ltd Liability stated it has 2.06% in American Tower Corporation (NYSE:REIT). Louisiana State Employees Retirement Systems, a Louisiana-based fund reported 26,000 shs. Northwestern Mutual Wealth stated it has 0.02% of its capital in American Tower Corporation (NYSE:REIT). 37,970 are owned by Gofen And Glossberg Ltd Limited Liability Company Il. State Teachers Retirement has 731,236 shs.

AMT had 7 sales and 0 buys since December 11, 2017. This’s net activity of $15.20 million. On Monday, December 11 TAICLET JAMES D JR had sold 34,667 shs worth $4.94 million. Another trade for 1,584 shs valued at $228,793 was made by SHARBUTT DAVID E on Wednesday, December 13. On Wednesday, March 14 $124,071 worth of stock was sold by REED JOANN A. On Saturday, March 10 Shares for $4.11 million were sold by HESS WILLIAM H. Shares for $4.57M were sold by Sharma Amit.

In 2018Q1 SEC filling is reported Lasalle Investment Management Securities Llc’s stake in American Tower Corp (NYSE:AMT) which was reduced by 51.61%. 688,856 shares were sold by Lasalle Investment Management Securities Llc as the company’s stock rose 2.70% while stock markets declined. The institutional investor is holding 645,999 shares, compared to the 1.33M from the previous quarter. And the announced value of the real estate investment trusts company is $93.89M for the 2018Q1. $60.13 billion is the market cap of American Tower Corp. Ticker’s shares touched $136.15 during the last trading session after 0.40% change.American Tower Corporation has volume of 953,253 shares. Since May 16, 2017 REIT has risen 20.37% and is uptrending. The stock outperformed the S&P 500 by 8.82%.

For a total of 1.15 million shares it increased its holding in Digital Realty Trust Inc (NYSE:DLR) by 481,658 shares in the quarter, and has risen its stake in Hcp Inc (NYSE:HCP).

American Tower Corporation (NYSE:REIT) Ratings Coverage

A total of 8 analysts rate American Tower Corp (NYSE:AMT) as follows: 8 “Buy”, 0 “Hold” and 0 “Sell”. Тherefore 100% are bullish. (NYSE:AMT) has 11 ratings reports on May 16, 2018 according to StockzIntelligence. On Wednesday, December 6 the stock has “Buy” rating by SunTrust. In Tuesday, February 27 report KeyBanc Capital Markets maintained it with “Buy” rating and $171.0 target. In Wednesday, December 20 report Oppenheimer maintained it with “Buy” rating and $160.0 target. On Wednesday, November 29 the stock has “Buy” rating by RBC Capital Markets. On Tuesday, March 27 Citigroup maintained American Tower Corporation (NYSE:REIT) with “Buy” rating. On Friday, March 16 Morgan Stanley maintained American Tower Corporation (NYSE:REIT) rating. Morgan Stanley has “Overweight” rating and $157 target. On Monday, November 27 the firm earned “Buy” rating by KeyBanc Capital Markets. On Wednesday, December 13 Morgan Stanley maintained American Tower Corporation (NYSE:REIT) rating. Morgan Stanley has “Overweight” rating and $172 target. On Monday, March 5 the stock has “Buy” rating by Citigroup.

American Tower Corporation is a real estate investment trust.The company has $60.13 billion market cap. It invests in the real estate markets across the globe.The P/E ratio is 50.99.

American Tower Corporation (NYSE:REIT) Analyst Ratings Chart

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