American Tower Co. (NYSE:AMT) Shares Acquired by Park National Corp OH

Park National Corp OH increased its position in shares of American Tower Co. (NYSE:AMT) by 2.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,858 shares of the real estate investment trust’s stock after purchasing an additional 915 shares during the quarter. Park National Corp OH’s holdings in American Tower were worth $8,700,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. J.Safra Asset Management Corp boosted its holdings in shares of American Tower by 629.4% in the 4th quarter. J.Safra Asset Management Corp now owns 124 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 107 shares during the last quarter. Elequin Securities LLC acquired a new stake in American Tower during the 4th quarter worth about $28,000. Pinnacle Holdings LLC purchased a new position in shares of American Tower during the 1st quarter valued at about $29,000. Eagle Bay Advisors LLC acquired a new position in shares of American Tower in the 2nd quarter valued at about $30,000. Finally, Sittner & Nelson LLC boosted its stake in shares of American Tower by 151.7% in the first quarter. Sittner & Nelson LLC now owns 151 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 91 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Analysts Set New Price Targets

AMT has been the subject of a number of analyst reports. BMO Capital Markets initiated coverage on American Tower in a report on Thursday, July 13th. They issued an “outperform” rating and a $230.00 price target for the company. Royal Bank of Canada decreased their price objective on shares of American Tower from $233.00 to $230.00 and set an “outperform” rating for the company in a research report on Tuesday, August 1st. Wells Fargo & Company dropped their target price on American Tower from $245.00 to $215.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 18th. Raymond James reduced their price target on American Tower from $211.00 to $205.00 and set an “outperform” rating for the company in a report on Tuesday, August 22nd. Finally, StockNews.com started coverage on American Tower in a research note on Thursday, August 17th. They set a “hold” rating for the company. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $240.50.

Insider Activity

In other American Tower news, CFO Rodney M. Smith sold 2,727 shares of the business’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $187.17, for a total transaction of $510,412.59. Following the transaction, the chief financial officer now owns 50,662 shares of the company’s stock, valued at $9,482,406.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other American Tower news, CFO Rodney M. Smith sold 10,000 shares of American Tower stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $178.14, for a total transaction of $1,781,400.00. Following the transaction, the chief financial officer now directly owns 50,662 shares of the company’s stock, valued at $9,024,928.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Rodney M. Smith sold 2,727 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $187.17, for a total transaction of $510,412.59. Following the completion of the transaction, the chief financial officer now owns 50,662 shares in the company, valued at $9,482,406.54. The disclosure for this sale can be found here. Insiders sold 16,251 shares of company stock worth $2,957,531 over the last ninety days. Corporate insiders own 0.24% of the company’s stock.

American Tower Stock Down 1.3 %

Shares of NYSE AMT opened at $176.95 on Thursday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.96. The company has a 50-day moving average of $185.40 and a 200 day moving average of $192.24. American Tower Co. has a 12-month low of $172.55 and a 12-month high of $255.09. The stock has a market cap of $82.49 billion, a PE ratio of 85.48, a P/E/G ratio of 1.37 and a beta of 0.58.

About American Tower

American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of nearly 226,000 communications sites and a highly interconnected footprint of U.S. data center facilities.