American Tower Corp (NYSE:AMT) Big Money Sentiment Index Falls in Q1 2018 to 1.18

June 27, 2018 - By Samuel McNeil

American Tower Corporation (NYSE:REIT) Corporate Logo

American Tower Corp’s Sentiment

“Big money sentiment for American Tower Corp (NYSE:AMT) in Q1 2018 decreased to 1.18, revealed SEC filings. That’s down -0.07, from 2017Q4’s 1.25. 402 hedge funds opened new or increased stock positions, while 340 sold and decreased their stock positions in American Tower Corp so the sentiment has dropped. Funds own 389.87 million shares, 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 stakes while 94 hedge funds bought stakes.

Largest American Tower Corp Shareholders

As of Q1 2018 Akre Capital Management Llc has 13.46% invested in American Tower Corp. As of Q1 2018, 2.44 million shares of American Tower Corp are owned by Broad Run Investment Management Llc. Avenir Corp reported 697,076 shares. The Colorado-based fund Bruni J V & Co Co have invested about 7.43% of the investment manager’s stock portfolio in American Tower Corp. The New York-based fund Manor Road Capital Partners Llc looks positive on American Tower Corp, possessing 275,000 shares.

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

REIT is touching $143.53 during the last trading session, after increased 0.25%.Currently American Tower Corporation is uptrending after 4.03% change in last June 27, 2017. REIT has 446,619 shares volume. REIT underperformed by 8.54% the S&P 500.

American Tower Corporation (NYSE:REIT) Ratings Coverage

In total 4 analysts cover American Tower Corp (NYSE:AMT). “Buy” rating has 4, “Sell” are 0, while 0 are “Hold”. (NYSE:AMT) has 100% bullish analysts. With $171.0 highest and $154 lowest target price, American Tower Corp has $161.25 average target price or 12.35% above the current ($143.53) price. 6 are the (NYSE:AMT)’s ratings reports on 27 Jun 2018 according to StockzIntelligence Inc. In Tuesday, March 27 report Citigroup maintained it with “Buy” rating and $161 target. On Monday, March 5 Citigroup maintained the shares of AMT in report with “Buy” rating. On Tuesday, February 27 KeyBanc Capital Markets maintained American Tower Corporation (NYSE:REIT) with “Buy” rating. On Friday, March 16 the firm earned “Overweight” rating by Morgan Stanley. On Thursday, May 31 the stock has “Overweight” rating by Morgan Stanley.

American Tower Corporation (NYSE:REIT) Analyst Ratings Chart

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