Duff & Phelps Investment Management Co. Has $14.93 Million Holdings in American Tower Corporation (REIT) (NYSE:AMT)

Duff & Phelps Investment Management Co. lessened its stake in American Tower Corporation (REIT) (NYSE:AMT) by 1.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 109,235 shares of the real estate investment trust’s stock after selling 1,565 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in American Tower Corporation (REIT) were worth $14,930,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Aperio Group LLC increased its stake in American Tower Corporation (REIT) by 8.4% during the third quarter. Aperio Group LLC now owns 241,247 shares of the real estate investment trust’s stock worth $32,974,000 after acquiring an additional 18,605 shares during the last quarter. Trust Co. of Vermont boosted its position in shares of American Tower Corporation (REIT) by 2.8% during the third quarter. Trust Co. of Vermont now owns 31,889 shares of the real estate investment trust’s stock worth $4,358,000 after buying an additional 882 shares during the period. Huntington National Bank boosted its position in shares of American Tower Corporation (REIT) by 0.7% during the third quarter. Huntington National Bank now owns 51,596 shares of the real estate investment trust’s stock worth $7,052,000 after buying an additional 383 shares during the period. Davis R M Inc. boosted its holdings in American Tower Corporation (REIT) by 1.0% in the third quarter. Davis R M Inc. now owns 376,448 shares of the real estate investment trust’s stock valued at $51,453,000 after purchasing an additional 3,733 shares during the period. Finally, First Trust Advisors LP boosted its holdings in American Tower Corporation (REIT) by 17.3% in the third quarter. First Trust Advisors LP now owns 116,354 shares of the real estate investment trust’s stock valued at $15,903,000 after purchasing an additional 17,148 shares during the period. 92.01% of the stock is owned by hedge funds and other institutional investors.

In other American Tower Corporation (REIT) news, EVP Edmund Disanto sold 10,000 shares of the company’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $136.00, for a total value of $1,360,000.00. Following the completion of the transaction, the executive vice president now directly owns 151,928 shares of the company’s stock, valued at approximately $20,662,208. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 completion of 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 90 days, insiders have sold 113,747 shares of company stock valued at $16,054,543. Insiders own 0.86% of the company’s stock.

AMT has been the subject of a number of recent research reports. BidaskClub upgraded American Tower Corporation (REIT) from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Cowen and Company reaffirmed a “buy” rating and set a $155.00 price target on shares of American Tower Corporation (REIT) in a report on Wednesday, July 19th. SunTrust Banks, Inc. reaffirmed a “buy” rating on shares of American Tower Corporation (REIT) in a report on Wednesday, September 20th. Jefferies Group LLC reiterated a “buy” rating and set a $144.00 target price on shares of American Tower Corporation (REIT) in a research report on Tuesday, September 12th. Finally, UBS AG lifted 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. One investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $155.85.

American Tower Corporation (AMT) traded down $1.28 during mid-day trading on Friday, hitting $150.54. The stock had a trading volume of 1,537,100 shares, compared to its average volume of 2,144,415. The firm has a market cap of $64,559.98, a P/E ratio of 23.30, a price-to-earnings-growth ratio of 1.77 and a beta of 0.74. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.61. American Tower Corporation has a 1-year low of $99.72 and a 1-year high of $155.28.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 17th. Stockholders of record on Friday, September 29th were issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.75%. This is an increase from American Tower Corporation (REIT)’s previous quarterly dividend of $0.64. The ex-dividend date was Thursday, September 28th. American Tower Corporation (REIT)’s dividend payout ratio is presently 100.38%.

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American Tower Corporation (REIT) Company 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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