Capital Analysts LLC Purchases 858 Shares of American Tower Corporation (REIT) (AMT)

Capital Analysts LLC boosted its position in American Tower Corporation (REIT) (NYSE:AMT) by 2.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 30,072 shares of the real estate investment trust’s stock after purchasing an additional 858 shares during the quarter. American Tower Corporation (REIT) comprises 0.6% of Capital Analysts LLC’s holdings, making the stock its 25th biggest position. Capital Analysts LLC’s holdings in American Tower Corporation (REIT) were worth $4,110,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of AMT. Janus Henderson Group PLC lifted its position in American Tower Corporation (REIT) by 1,886.3% in the 2nd quarter. Janus Henderson Group PLC now owns 7,468,416 shares of the real estate investment trust’s stock valued at $988,214,000 after purchasing an additional 7,092,413 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in American Tower Corporation (REIT) by 823.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,606,119 shares of the real estate investment trust’s stock valued at $212,525,000 after purchasing an additional 1,432,155 shares during the last quarter. Vanguard Group Inc. lifted its position in American Tower Corporation (REIT) by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 28,442,502 shares of the real estate investment trust’s stock valued at $3,763,512,000 after purchasing an additional 881,020 shares during the last quarter. Prudential Financial Inc. lifted its position in American Tower Corporation (REIT) by 56.7% in the 2nd quarter. Prudential Financial Inc. now owns 1,963,407 shares of the real estate investment trust’s stock valued at $259,798,000 after purchasing an additional 710,130 shares during the last quarter. Finally, Winslow Capital Management LLC lifted its position in American Tower Corporation (REIT) by 36.5% in the 2nd quarter. Winslow Capital Management LLC now owns 2,539,716 shares of the real estate investment trust’s stock valued at $336,055,000 after purchasing an additional 679,096 shares during the last quarter. Hedge funds and other institutional investors own 92.04% of the company’s stock.

In other news, Chairman James D. Taiclet, Jr. sold 34,000 shares of American Tower Corporation (REIT) stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $145.89, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Amit Sharma sold 20,747 shares of American Tower Corporation (REIT) stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $139.67, for a total transaction of $2,897,733.49. Following the completion of the transaction, the executive vice president now directly owns 101,605 shares in the company, valued at $14,191,170.35. The disclosure for this sale can be found here. Insiders sold a total of 113,747 shares of company stock worth $16,054,543 in the last ninety days. Corporate insiders own 0.86% of the company’s stock.

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Shares of American Tower Corporation (NYSE AMT) traded down $0.32 on Monday, hitting $150.22. 1,915,675 shares of the stock traded hands, compared to its average volume of 1,979,064. The firm has a market cap of $64,740.00, a PE ratio of 23.30, a P/E/G ratio of 1.77 and a beta of 0.74. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.42 and a quick ratio of 1.42. American Tower Corporation has a 12 month low of $99.72 and a 12 month high of $155.28.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 17th. Stockholders of record on Friday, September 29th were paid a $0.66 dividend. The ex-dividend date was Thursday, September 28th. This represents a $2.64 annualized dividend and a dividend yield of 1.76%. This is a boost from American Tower Corporation (REIT)’s previous quarterly dividend of $0.64. American Tower Corporation (REIT)’s payout ratio is currently 100.38%.

Several analysts recently weighed in on AMT shares. Royal Bank Of Canada reiterated a “buy” rating and issued a $153.00 price objective on shares of American Tower Corporation (REIT) in a research report on Friday, September 1st. Citigroup Inc. boosted their price target on shares of 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. UBS AG boosted their price target on shares of 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. BidaskClub upgraded shares of American Tower Corporation (REIT) from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Finally, Zacks Investment Research upgraded shares of American Tower Corporation (REIT) from a “sell” rating to a “hold” rating and set a $153.00 price target on the stock in a research report on Thursday, July 27th. One investment analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $155.85.

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.

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

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