Jennison Associates buys $937845483 stake in American Tower Corp (AMT)

04/19/2016 – American Tower Corporation (REIT) was downgraded to “hold” by analysts at Evercore ISI. Its shares ended last trading session at the price of $115.92 whereas a number of traders indicating mean target price will hit $128.21 over the next twelve months, mean value of price target most recently revised on 08/08/16. 80,290 shares of the company traded hands. The Hedge Fund company now holds 46,386 shares of AMT which is valued at $5,466,126. American Tower Corp makes up approx 0.38% of Macguire Cheswick Tuttle Investment Counsel’s portfolio.Private Trust Co Na boosted its stake in AMT in the latest quarter, The investment management firm added 5,594 additional shares and now holds a total of 12,501 shares of American Tower Corp which is valued at $1,471,743. Hills Bank & Trust Co. now owns 8,458 shares of the real estate investment trust’s stock valued at $961,000 after buying an additional 47 shares during the last quarter. The company has a market cap of $49.32B.

Manulife Financial Corporation’s (MFC) EPS growth ratio for the past five years was 25.10% while Sales growth for the past five years was -1.80%. American Tower Corporation (REIT) (AMT) fell $0.02 and traded at $115.71, down -0.02% for the day, over previous days close. However its lowest revenue estimates are 1.49B and highest revenue estimates are 1.53B. The company’s revenue for the quarter was up 22.8% compared to the same quarter previous year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 15th.

American Tower Corp closed down -0.85 points or -0.73% at $115.73 with 15,49,011 shares getting traded on Monday. The stock was sold at a price of $116.25, for a total value of $1,162,500. The Hedge Fund company now holds 122,736 shares of AMT which is valued at $14,463,210. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. They now have a Dollars 140 price target on the stock.

In a separate transaction on 7/18/2016, Taiclet James D JR, Chairman, President and CEO sold 1,700 shares of the stock. The disclosure for this sale can be found here.

American Tower Corp (NYSE:AMT)’s highest estimates of price target are $138.00 and low forecast is $115.77 based on the opinion of 18 analysts.

American Tower Corporation (REIT) (NYSE:AMT): stock turned positive on Tuesday. Last time the company reported, American Tower Corporation generated $1.38 in earnings per share, missing the consensus estimate of $1.39. They noted that the move was a valuation call. 2 analysts have rated the company as a strong “Hold”. In the last month the stock has moved in price 1.09%, with a one year change of 17.7%. $134 is the highest target while $100 is the lowest.

02/29/2016 – American Tower Corporation (REIT) had its “overweight” rating reiterated by analysts at Barclays.

American Tower Corporation is an independent owner, operator and developer of communications real estate. Its primary business is property operations, which include the leasing of space on communications sites to wireless service providers, radio and television broadcast companies, wireless data providers, government agencies and municipalities, and tenants in various other industries.