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

May 16, 2018 - By Darrel Chase

American Tower Corporation (NYSE:REIT) Corporate LogoDuring 2017 Q4 the big money sentiment increased to 1.25. That’s change of 0.05, from 2017Q3’s 1.2. 47 investors sold all, 280 reduced holdings as AMT ratio is positive. 301 rose stakes while 107 funds acquired stakes. Funds hold 377.89 million shares thus 0.11% less from 2017Q3’s 378.31 million shares. 15,970 were accumulated by Veritable Limited Partnership. Utah Retirement invested in 0.26% or 88,101 shs. Eaton Vance Mngmt holds 0.25% or 718,640 shs. Great Lakes Advsr Limited Liability, a Illinois-based fund reported 26,653 shs. Coho Partners Limited accumulated 0.01% or 2,235 shs. Bruni J V & reported 298,104 shs or 7.18% of all its holdings. Utd Cap Financial Advisers Limited Company holds 0.18% of its capital in American Tower Corporation (NYSE:REIT) for 162,011 shs. First Mercantile Trust Commerce accumulated 0.16% or 5,864 shs. Moneta Grp Investment Advisors Limited Liability Co has 5,854 shs. Moreover, Pr Herzig & Commerce has 1.22% invested in American Tower Corporation (NYSE:REIT). Roof Eidam And Maycock Adv accumulated 0.14% or 2,050 shs. Lmr Partners Ltd Liability Partnership owns 18,392 shs for 0.27% of their capital. Moreover, Bnp Paribas Asset Mgmt has 0.04% invested in American Tower Corporation (NYSE:REIT). Ascend Capital Lc reported 57,594 shs stake. Howard Hughes Med Institute owns 1.11% invested in American Tower Corporation (NYSE:REIT) for 30,000 shs.

AMT had 7 insider sales and 0 insider buys since December 11, 2017. This’s net activity of $15.20 million. $228,793 worth of stock was sold by SHARBUTT DAVID E on Wednesday, December 13. REED JOANN A sold $124,071 worth of American Tower Corporation (NYSE:REIT) on Wednesday, March 14. On Monday, April 16 $4.57M worth of stock was sold by Sharma Amit. $512,246 worth of stock was sold by THOMPSON SAMME L on Tuesday, March 20. 34,667 shs were sold by TAICLET JAMES D JR, worth $4.94M on Monday, December 11.

According to 2018Q1 Securities and Exchange form the Lasalle Investment Management Securities Llc reduced its stake in American Tower Corp (NYSE:AMT) by 51.61%. By selling 688,856 shares Lasalle Investment Management Securities Llc made the stock Popped Up with 2.70%. The institutional investor is holding 645,999 shares, compared to the 1.33M from the previous quarter. And the reported value of the real estate investment trusts company is $93.89M for the 2018Q1. $60.13 billion is American Tower Corp’s market cap. REIT hit $136.15 during the last trading session after $0.55 change.American Tower Corporation has volume of 953,253 shares. Since May 16, 2017 REIT has risen 20.37% and is uptrending. REIT outperformed the S&P 500 by 8.82%.

For a total of 5.92M shares it increased its holding in Welltower Inc () by 275,948 shares in the quarter, and has risen its stake in Regency Centers Corp (NYSE:REG).

American Tower Corporation (NYSE:REIT) Ratings Coverage

Total analysts of 8 have positions in American Tower Corp (NYSE:AMT) as follows: 8 rated it a “Buy”, 0 with “Sell” and 0 with “Hold”. The positive are 100%. The firm has $177.0 highest while $157 is the lowest target price. The average target $163.29 is 19.93% above the last ($136.15) price. Since November 27, 2017 according to StockzIntelligence Inc American Tower Corp has 11 analyst reports. On Monday, March 5 Citigroup maintained American Tower Corporation (NYSE:REIT) rating. Citigroup has “Buy” rating and $162 target. On Friday, March 16 the stock has “Overweight” rating by Morgan Stanley. On Wednesday, December 6 the company was maintained by SunTrust. On Tuesday, February 27 KeyBanc Capital Markets maintained the shares of AMT in report with “Buy” rating. On Wednesday, December 13 the stock has “Overweight” rating by Morgan Stanley. The company rating was maintained by Citigroup on Tuesday, March 27. On Monday, November 27 KeyBanc Capital Markets maintained American Tower Corporation (NYSE:REIT) with “Buy” rating. On Wednesday, December 20 the firm earned “Buy” rating by Oppenheimer. On Wednesday, November 29 the firm has “Buy” rating given by RBC Capital Markets.

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.50.99 is the P/E ratio.

American Tower Corporation (NYSE:REIT) Analyst Ratings Chart

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