ProShare Advisors LLC Has $19.21 Million Position in American Tower Corporation (REIT) (AMT)

ProShare Advisors LLC reduced its stake in shares of American Tower Corporation (REIT) (NYSE:AMT) by 3.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 145,192 shares of the real estate investment trust’s stock after selling 4,937 shares during the period. ProShare Advisors LLC’s holdings in American Tower Corporation (REIT) were worth $19,212,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in American Tower Corporation (REIT) by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 27,561,482 shares of the real estate investment trust’s stock worth $3,349,823,000 after purchasing an additional 1,008,946 shares during the last quarter. Wellington Management Group LLP raised its position in American Tower Corporation (REIT) by 8.4% during the 1st quarter. Wellington Management Group LLP now owns 21,788,278 shares of the real estate investment trust’s stock worth $2,648,146,000 after purchasing an additional 1,679,615 shares during the last quarter. Edgewood Management LLC raised its position in American Tower Corporation (REIT) by 2.6% during the 1st quarter. Edgewood Management LLC now owns 5,925,839 shares of the real estate investment trust’s stock worth $720,226,000 after purchasing an additional 151,527 shares during the last quarter. Geode Capital Management LLC raised its position in American Tower Corporation (REIT) by 8.7% during the 1st quarter. Geode Capital Management LLC now owns 3,789,461 shares of the real estate investment trust’s stock worth $459,850,000 after purchasing an additional 303,425 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in American Tower Corporation (REIT) by 5.6% during the 2nd quarter. Principal Financial Group Inc. now owns 2,997,688 shares of the real estate investment trust’s stock worth $396,655,000 after purchasing an additional 158,938 shares during the last quarter. 92.09% of the stock is owned by institutional investors and hedge funds.

Several research analysts recently issued reports on the company. Jefferies Group LLC reaffirmed a “buy” rating and set a $144.00 target price on shares of American Tower Corporation (REIT) in a research report on Tuesday. UBS AG raised their target price on American Tower Corporation (REIT) from $150.00 to $163.00 and gave the stock a “buy” rating in a research report on Monday, September 11th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $153.00 target price on shares of American Tower Corporation (REIT) in a research report on Friday, September 1st. Citigroup Inc. raised their target price on American Tower Corporation (REIT) from $142.00 to $167.00 and gave the stock a “buy” rating in a research report on Monday, August 28th. Finally, BidaskClub raised American Tower Corporation (REIT) from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Thirteen research analysts have rated the stock with a buy rating, American Tower Corporation (REIT) has a consensus rating of “Buy” and an average target price of $148.58.

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Shares of American Tower Corporation (NYSE AMT) traded up 1.51% during mid-day trading on Friday, reaching $145.01. The company’s stock had a trading volume of 3,210,562 shares. The firm has a market cap of $62.23 billion, a price-to-earnings ratio of 58.00 and a beta of 0.70. The company’s 50-day moving average is $141.85 and its 200 day moving average is $130.37. American Tower Corporation has a 12 month low of $99.72 and a 12 month high of $148.71.

American Tower Corporation (REIT) (NYSE:AMT) last issued its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.80 EPS for the quarter, missing the consensus estimate of $1.55 by ($0.75). The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.64 billion. American Tower Corporation (REIT) had a net margin of 18.58% and a return on equity of 16.70%. The business’s revenue was up 15.3% on a year-over-year basis. During the same period last year, the company posted $1.38 earnings per share. On average, equities analysts anticipate that American Tower Corporation will post $3.02 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 17th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 1.82%. This is an increase from American Tower Corporation (REIT)’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend is Thursday, September 28th. American Tower Corporation (REIT)’s dividend payout ratio is 102.81%.

In other news, EVP Steven C. Marshall sold 20,548 shares of the company’s stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $134.92, for a total transaction of $2,772,336.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman James D. Taiclet, Jr. sold 34,000 shares of the company’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $145.89, for a total transaction of $4,960,260.00. Following the transaction, the chairman now directly owns 304,707 shares of the company’s stock, valued at $44,453,704.23. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 80,295 shares of company stock valued at $11,347,780. Insiders own 0.86% of the company’s stock.

American Tower Corporation (REIT) Profile

American Tower Corporation (ATC) is a holding company. The Company operates as a real estate investment trust (REIT), which owns, operates and develops multitenant communications real estate. ATC’s segments include U.S. property, Asia property, EMEA property, Latin America property, Services and Other.

Institutional Ownership by Quarter for American Tower Corporation (REIT) (NYSE:AMT)

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