Andra AP fonden Boosts Position in American Tower Corporation (REIT) (NYSE:AMT)

Marco Green
November 14, 2017

Brandywine Global Investment Management Llc increased Wabtec Corp (WAB) stake by 46.46% reported in 2017Q2 SEC filing. The stock rose 0.80% or $0.49 reaching $62.06. The Bowling Portfolio Management Llc holds 106,505 shares with $4.02M value, down from 140,173 last quarter. Wabtec Corp now has $7.22B valuation. Following the completion of the sale, the director now owns 17,758 shares of the company's stock, valued at approximately $2,548,095.42. About 12.93M shares traded. It has underperformed by 9.31% the S&P500. After $1.73 actual EPS reported by American Tower Corp for the previous quarter, Wall Street now forecasts -5.78% negative EPS growth. American Tower Corporation (REIT) (AMT) holds the market capitalization of $64.89B along with 432.50M outstanding shares. That value represents a market adjusting for revenues that have been growing by 10.95 % on a quarterly year/year basis as of the company's last quarterly report. It is positive, as 54 investors sold American Tower Corp shares while 274 reduced holdings. Its weekly performance showed downward trend of -0.08 percent.

About 54,638 shares traded. Equities research analysts predict that American Tower Corp. will post $5.72 EPS for the current year. It has outperformed by 6.96% the S&P500. Finally, Cowen and Company reiterated a buy rating on shares of American Tower Corporation (REIT) in a research note on Tuesday, October 24th. Its up 0.01, from 1.15 in 2017Q1.

A number of research firms have recently weighed in on AMT. 91 funds opened positions while 289 raised stakes. Finally, HL Financial Services LLC increased its position in shares of American Tower Corporation (REIT) by 0.5% in the 2nd quarter.

American Tower Corporation is a holding company. Moreover, Fiduciary Trust has 0.39% invested in American Tower Corp (NYSE:AMT) for 96,380 shares. Retail Bank Of America Corp De holds 0% of its portfolio in Wayfair Inc (NYSE:W) for 26,926 shares. Allsquare Wealth Management Ltd Liability Corp has invested 0.05% of its portfolio in American Tower Corp (NYSE:AMT). American Tower Corp (NYSE:AMT) has risen 23.66% since November 14, 2016 and is uptrending. Over the last ninety days, insiders have sold 113,747 shares of company stock worth $16,054,543. Legal And General Public Limited Liability Corp has 13,283 shares. Citizens & Northern holds 1.43% of its portfolio in American Tower Corp (NYSE:AMT) for 13,751 shares. American Tower Corp (NYSE:AMT) has risen 23.66% since November 14, 2016 and is uptrending. The North Carolina-based Carroll Assoc has invested 0.04% in American Tower Corp (NYSE:AMT). Pinnacle holds 0.69% or 36,601 shares.

Looking into the profitability ratios of VRX stock, investor will find its ROE, ROA, ROI standing at 33.8%, 3.3% and -1.6%, respectively.

Resolution Capital Ltd decreased Acadia Rlty Tr (NYSE:AKR) stake by 47,049 shares to 542,990 valued at $15.10M in 2017Q2. It also upped Mueller Water (NYSE:MWA) stake by 1.25 million shares and now owns 8.14M shares. Public Storage (NYSE:PSA) was reduced too.

NYSE:AMT) shares were trading lower by -0.84 percent ($-1.28) at $150.54 a piece in Saturday's session. Therefore 94% are positive. KeyCorp released guidance on AMT stating a rating of "Overweight" and projecting a price target of $156.00. Piper Jaffray maintained the shares of W in report on Friday, July 28 with "Buy" rating. Jefferies Group LLC restated a "buy" rating and issued a $144.00 target price on shares of American Tower Corporation (REIT) in a report on Tuesday, September 12th. The brokerage now has an "overweight" rating on the real estate investment trust's stock. On Monday, May 2 the stock rating was maintained by RBC Capital Markets with "Outperform". Jefferies maintained American Tower Corp (NYSE:AMT) on Monday, September 11 with "Buy" rating. Citigroup upgraded the shares of W in report on Wednesday, January 20 to "Buy" rating. American Tower Corporation (REIT) (AMT) has a market cap of $65.11 billion and over the last 12 months, American Tower Corporation (REIT) (NYSE:AMT) has gone stronger by 42.41%.

Analysts await Roper Technologies Inc (NYSE:ROP) to report earnings on February, 8. The real estate investment trust reported $1.33 EPS for the quarter, missing the Zacks' consensus estimate of $1.36 by $0.03. A beta below 1 can indicate either an investment with lower volatility than the market, or a volatile investment whose price movements are not highly correlated with the market.

Among 28 analysts covering AT&T Inc. Wayfair LLC had 71 analyst reports since July 31, 2015 according to SRatingsIntel. The stock has "Buy" rating by UBS on Monday, September 11. The rating was downgraded by Stifel Nicolaus on Monday, July 17 to "Hold". Zacks upgraded American Tower Corp (NYSE:AMT) on Wednesday, August 26 to "Hold" rating.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.

Other reports by Click Lancashire

Discuss This Article