Teachers Insurance Annuity Association Of America Lowers stake in American Tower Corp (AMT)

American Tower Corp (AMT) : Teachers Insurance Annuity Association Of America reduced its stake in American Tower Corp by 0.5% during the most recent quarter end. The investment management company now holds a total of 455,888 shares of American Tower Corp which is valued at $48,187,362 after selling 2,293 shares in American Tower Corp , the firm said in a disclosure report filed with the SEC on May 9, 2016.American Tower Corp makes up approximately 2.21% of Teachers Insurance Annuity Association Of America’s portfolio.

Other Hedge Funds, Including , Middleton Co Incma boosted its stake in AMT in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 28,526 shares of American Tower Corp which is valued at $3,040,016. American Tower Corp makes up approx 0.71% of Middleton Co Incma’s portfolio.American Century Companies Inc boosted its stake in AMT in the latest quarter, The investment management firm added 136,296 additional shares and now holds a total of 3,122,421 shares of American Tower Corp which is valued at $332,756,406. American Tower Corp makes up approx 0.39% of American Century Companies Inc’s portfolio.Tributary Capital Management boosted its stake in AMT in the latest quarter, The investment management firm added 2,000 additional shares and now holds a total of 12,000 shares of American Tower Corp which is valued at $1,278,840. American Tower Corp makes up approx 0.20% of Tributary Capital Management’s portfolio.Badgley Phelps Bell Inc boosted its stake in AMT in the latest quarter, The investment management firm added 2,155 additional shares and now holds a total of 97,009 shares of American Tower Corp which is valued at $10,338,249. American Tower Corp makes up approx 0.97% of Badgley Phelps Bell Inc’s portfolio.

American Tower Corp closed down -0.86 points or -0.81% at $105.7 with 12,72,239 shares getting traded on Friday. Post opening the session at $106.34, the shares hit an intraday low of $105.37 and an intraday high of $106.6 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, American Tower Corp reported $1.41 EPS for the quarter, beating the analyst consensus estimate by $ 0.15 according to the earnings call on Apr 29, 2016. Analyst had a consensus of $1.26. The company had revenue of $1289.00 million for the quarter, compared to analysts expectations of $1286.27 million. The company’s revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.25 EPS.

Many Wall Street Analysts have commented on American Tower Corp. Company shares were Reiterated by RBC Capital Mkts on May 2, 2016 to “Outperform”, Firm has raised the Price Target to $ 132 from a previous price target of $128 .Company shares were Reiterated by RBC Capital Mkts on Mar 1, 2016 to “Outperform”, Firm has raised the Price Target to $ 128 from a previous price target of $122 .Company shares were Reiterated by Barclays on Feb 29, 2016 to “Overweight”, Firm has raised the Price Target to $ 109 from a previous price target of $107 .

American Tower Corporation is an independent owner operator and developer of communications real estate. The Company is engaged in the leasing of space on multi-tenant communications sites to wireless service providers radio and television broadcast companies wireless data and data providers government agencies and municipalities and tenants in a number of other industries. It has a portfolio of over 87000 communications sites. The Company’s continuing operations are managed through three segments: Domestic Rental and Management which includes its property interests that it leases to communications service providers and third-party tower operators in the United States; International Rental and Management which includes its interests in international communications sites and Network Development Services which offers tower-related services domestically including site acquisition zoning and permitting services and structural analysis services.

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