Victory Capital Management Inc. Purchases 5,393 Shares of American Tower Corporation $AMT

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Victory Capital Management Inc. increased its stake in American Tower Corporation by 4.0% in the third quarter, acquiring an additional 5,393 shares and bringing its total holdings to 139,496 shares valued at $26.83 million. Other institutional investors also adjusted their positions in the real estate investment trust. Analysts have a “Moderate Buy” consensus rating for American Tower, with a target price of $217.35, despite recent price target adjustments and a dip in the company’s stock price.

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