Funds Buy, Trim American Tower Stakes
American Tower saw mixed institutional trading in the third quarter: Schmidt P J Investment Management cut its stake by 76.6%, while Allegiance Financial Group Advisory Services opened a position of 3,338 shares. Other investors, including Chicago Partners Investment Group, increased their holdings, and institutional investors collectively own 92.69% of the REIT’s stock. Analyst sentiment remained broadly positive, with 17 of 20 analysts cited rating the shares Buy and one rating them Strong Buy; Citigroup lowered its price target, while BMO raised its target. Director Rajesh Kalathur also purchased 2,829 shares in August.





