BlackRock Amends American Tower Stake; Ownership Update Filed

Ticker: AMT · Form: SC 13G/A · Filed: 2024-01-26T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, amendment, real-estate, passive-investment

Related Tickers: AMT

TL;DR

**BlackRock updated its American Tower ownership, signaling a shift in its stake.**

AI Summary

BlackRock Inc. has filed an amended SC 13G/A, indicating a change in its ownership stake in American Tower Corp. /MA/ as of December 31, 2023. This filing, Amendment No. 11, shows BlackRock's updated holdings of Common Stock in the real estate investment trust. For investors, this matters because BlackRock is a major institutional investor, and changes in its position can signal its sentiment about the stock's future performance or reflect broader market trends, potentially influencing other investors' decisions.

Why It Matters

This filing provides an updated snapshot of BlackRock's significant institutional ownership in American Tower, which can influence market perception and investor confidence.

Risk Assessment

Risk Level: low — This filing is a routine update from a major institutional investor and does not inherently indicate high risk, but rather transparency in ownership.

Analyst Insight

An investor should review the full details of the amended filing to understand the exact change in BlackRock's ownership percentage and consider if it aligns with their own investment thesis for American Tower. This information, while not inherently bullish or bearish, provides transparency into a major holder's position.

Key Players & Entities

Forward-Looking Statements

FAQ

What type of filing is this document?

This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, specifically Amendment No. 11, filed under Rule 13d-1(b) of the Securities Exchange Act of 1934.

Who is the reporting person in this filing?

The reporting person is BlackRock Inc., a company with the Central Index Key (CIK) 0001364742, headquartered at 50 Hudson Yards, New York, NY 10001.

Which company's shares are the subject of this filing?

The subject company is AMERICAN TOWER CORP /MA/, a Real Estate Investment Trust (SIC 6798) with CIK 0001053507, located at 116 Huntington Ave, Boston, MA 02116.

What is the CUSIP number for the securities discussed in this filing?

The CUSIP number for the Common Stock of AMERICAN TOWER CORP /MA/ is 03027X100.

What was the date of the event that triggered this filing?

The date of the event which required the filing of this statement was December 31, 2023.

From the Filing

0001086364-24-004247.txt : 20240126 0001086364-24-004247.hdr.sgml : 20240126 20240126114938 ACCESSION NUMBER: 0001086364-24-004247 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240126 DATE AS OF CHANGE: 20240126 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN TOWER CORP /MA/ CENTRAL INDEX KEY: 0001053507 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 650723837 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-55211 FILM NUMBER: 24565743 BUSINESS ADDRESS: STREET 1: 116 HUNTINGTON AVE CITY: BOSTON STATE: MA ZIP: 02116 BUSINESS PHONE: 6173757500 MAIL ADDRESS: STREET 1: 116 HUNTINGTON AVE CITY: BOSTON STATE: MA ZIP: 02116 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN TOWER SYSTEMS CORP DATE OF NAME CHANGE: 19980128 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us03027x1000_012624.txt us03027x1000_012624.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 11) AMERICAN TOWER CORP -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 03027X100 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 03027X100 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 33769239 (6) Shared voting power 0 (7) Sole dispositive power 36781145 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 36781145 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 7.9% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- AMERICAN TOWER CORP Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 116 HUNTINGTON AVENUE BOSTON MA 02116 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc

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