Uniplan Investment Counsel Lowers stake in American Tower Corp (AMT)

American Tower Corp (AMT) : Uniplan Investment Counsel reduced its stake in American Tower Corp by 1.36% during the most recent quarter end. The investment management company now holds a total of 576,785 shares of American Tower Corp which is valued at $67,195,453 after selling 7,946 shares in American Tower Corp , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.American Tower Corp makes up approximately 2.99% of Uniplan Investment Counsel’s portfolio.

Other Hedge Funds, Including , Rosenblum Silverman Sutton S F Inc Ca boosted its stake in AMT in the latest quarter, The investment management firm added 219 additional shares and now holds a total of 29,303 shares of American Tower Corp which is valued at $3,413,800. American Tower Corp makes up approx 1.51% of Rosenblum Silverman Sutton S F Inc Ca’s portfolio.Commerce Bank reduced its stake in AMT by selling 519 shares or 2.63% in the most recent quarter. The Hedge Fund company now holds 19,239 shares of AMT which is valued at $2,229,608. American Tower Corp makes up approx 0.03% of Commerce Bank’s portfolio.Zurcher Kantonalbank (zurich Cantonalbank) reduced its stake in AMT by selling 8,434 shares or 13.19% in the most recent quarter. The Hedge Fund company now holds 55,493 shares of AMT which is valued at $6,422,205. American Tower Corp makes up approx 0.08% of Zurcher Kantonalbank (zurich Cantonalbank)’s portfolio.Mar Vista Investment Partners boosted its stake in AMT in the latest quarter, The investment management firm added 42,924 additional shares and now holds a total of 1,219,030 shares of American Tower Corp which is valued at $141,127,103. American Tower Corp makes up approx 8.12% of Mar Vista Investment Partners’s portfolio.Davis R M Inc boosted its stake in AMT in the latest quarter, The investment management firm added 11,512 additional shares and now holds a total of 332,534 shares of American Tower Corp which is valued at $38,673,704. American Tower Corp makes up approx 1.85% of Davis R M Inc’s portfolio.

American Tower Corp opened for trading at $115.21 and hit $116.36 on the upside on Tuesday, eventually ending the session at $115.22, with a gain of 0.52% or 0.6 points. The heightened volatility saw the trading volume jump to 19,24,725 shares. Company has a market cap of $49,025 M.

On the company’s financial health, American Tower Corp reported $1.38 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $1.28. The company had revenue of $1442.00 million for the quarter, compared to analysts expectations of $1432.38 million. The company’s revenue was up 22.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.26 EPS.

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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