American Tower Corp (AMT) : State Of Alaska Department Of Revenue scooped up 1,340 additional shares in American Tower Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 12, 2016. The investment management firm now holds a total of 181,570 shares of American Tower Corp which is valued at $19,206,475.American Tower Corp makes up approximately 2.00% of State Of Alaska Department Of Revenue’s portfolio.
American Tower Corp opened for trading at $105.28 and hit $106 on the upside on Friday, eventually ending the session at $105.78, with a gain of 0.55% or 0.58 points. The heightened volatility saw the trading volume jump to 13,25,133 shares. Company has a market cap of $44,840 M.
Other Hedge Funds, Including , Integrated Investment Consultants added AMT to its portfolio by purchasing 1,513 company shares during the most recent quarter which is valued at $160,045. American Tower Corp makes up approx 0.09% of Integrated Investment Consultants’s portfolio. Lenox Wealth Advisors sold out all of its stake in AMT during the most recent quarter. The investment firm sold 45 shares of AMT which is valued $4,760.Dnb Asset Management As boosted its stake in AMT in the latest quarter, The investment management firm added 14,700 additional shares and now holds a total of 38,502 shares of American Tower Corp which is valued at $4,072,742. American Tower Corp makes up approx 0.08% of Dnb Asset Management As’s portfolio. Abner Herrman Brock added AMT to its portfolio by purchasing 2,569 company shares during the most recent quarter which is valued at $272,340. American Tower Corp makes up approx 0.07% of Abner Herrman Brock’s portfolio.
On the company’s financial health, American Tower Corp reported $1.27 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Feb 26, 2016. Analyst had a consensus of $1.18. The company had revenue of $1280.00 million for the quarter, compared to analysts expectations of $1251.79 million. The company’s revenue was up 22.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.10 EPS.
Many Wall Street Analysts have commented on American Tower Corp. 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 .Deutsche Bank Initiated American Tower Corp on Feb 24, 2016 to “Buy”, Price Target of the shares are set at $104.
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.