American Tower Corp (AMT) Position Boosted by World Asset Management Inc

World Asset Management Inc boosted its position in shares of American Tower Corp (NYSE:AMT) by 17.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,777 shares of the real estate investment trust’s stock after buying an additional 7,750 shares during the period. World Asset Management Inc’s holdings in American Tower Corp were worth $6,415,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of AMT. Janus Capital Management LLC raised its position in shares of American Tower Corp by 18.3% in the fourth quarter. Janus Capital Management LLC now owns 7,007,311 shares of the real estate investment trust’s stock valued at $740,579,000 after buying an additional 1,084,942 shares during the period. American Century Companies Inc. increased its stake in shares of American Tower Corp by 60.8% in the first quarter. American Century Companies Inc. now owns 3,986,977 shares of the real estate investment trust’s stock valued at $484,577,000 after buying an additional 1,507,172 shares during the period. Brookfield Asset Management Inc. increased its stake in shares of American Tower Corp by 9.7% in the third quarter. Brookfield Asset Management Inc. now owns 3,461,423 shares of the real estate investment trust’s stock valued at $392,283,000 after buying an additional 306,200 shares during the period. APG Asset Management N.V. increased its stake in shares of American Tower Corp by 40.9% in the first quarter. APG Asset Management N.V. now owns 2,136,874 shares of the real estate investment trust’s stock valued at $259,716,000 after buying an additional 620,707 shares during the period. Finally, Capital Research Global Investors increased its stake in shares of American Tower Corp by 16.5% in the third quarter. Capital Research Global Investors now owns 1,768,499 shares of the real estate investment trust’s stock valued at $200,424,000 after buying an additional 250,872 shares during the period. Institutional investors own 93.07% of the company’s stock.

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

American Tower Corp (NYSE:AMT) traded up 0.24% during mid-day trading on Friday, reaching $131.37. The company’s stock had a trading volume of 96,353 shares. The firm has a market capitalization of $55.83 billion, a P/E ratio of 63.43 and a beta of 0.61. The firm’s 50 day moving average price is $126.14 and its 200 day moving average price is $113.14. American Tower Corp has a 52 week low of $99.72 and a 52 week high of $132.86.

American Tower Corp (NYSE:AMT) last posted its quarterly earnings data on Thursday, April 27th. The real estate investment trust reported $0.67 earnings per share for the quarter, missing the consensus estimate of $1.51 by $0.84. American Tower Corp had a return on equity of 14.05% and a net margin of 17.37%. The company had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter last year, the firm earned $0.58 EPS. The business’s revenue for the quarter was up 25.4% on a year-over-year basis. On average, analysts anticipate that American Tower Corp will post $2.96 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 28th. Investors of record on Wednesday, April 12th were given a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend was Monday, April 10th. This is a boost from American Tower Corp’s previous quarterly dividend of $0.58. American Tower Corp’s payout ratio is 117.17%.

WARNING: “American Tower Corp (AMT) Position Boosted by World Asset Management Inc” was first published by BBNS and is the property of of BBNS. If you are reading this article on another domain, it was illegally stolen and reposted in violation of US and international trademark & copyright legislation. The legal version of this article can be read at https://baseballnewssource.com/markets/american-tower-corp-amt-position-boosted-by-world-asset-management-inc/849956.html.

Several analysts recently commented on AMT shares. Zacks Investment Research raised shares of American Tower Corp from a “sell” rating to a “hold” rating in a research report on Wednesday, March 1st. Pacific Crest raised their price target on shares of American Tower Corp to $132.00 in a report on Wednesday, March 22nd. Jefferies Group LLC reaffirmed a “buy” rating and set a $136.00 price target on shares of American Tower Corp in a report on Monday, April 3rd. Guggenheim raised shares of American Tower Corp from a “neutral” rating to a “buy” rating and raised their price target for the company from $117.00 to $135.00 in a report on Monday, April 10th. Finally, Royal Bank of Canada raised their price target on shares of American Tower Corp from $134.00 to $145.00 and gave the company an “outperform” rating in a report on Friday, April 28th. Ten research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average price target of $134.67.

In related news, Chairman James D. Taiclet, Jr. sold 69,760 shares of the business’s stock in a transaction that occurred on Tuesday, March 7th. The shares were sold at an average price of $114.62, for a total value of $7,995,891.20. Following the completion of the transaction, the chairman now owns 324,929 shares in the company, valued at approximately $37,243,361.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Robert Joseph Meyer, Jr. sold 40,653 shares of the business’s stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $126.16, for a total transaction of $5,128,782.48. Following the completion of the transaction, the senior vice president now owns 36,060 shares of the company’s stock, valued at approximately $4,549,329.60. The disclosure for this sale can be found here. Insiders sold a total of 303,051 shares of company stock valued at $36,811,944 in the last 90 days. 0.95% of the stock is currently owned by corporate insiders.

American Tower Corp 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.

12 Month Chart for NYSE:AMT

Receive News & Ratings for American Tower Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Tower Corp and related companies with our FREE daily email newsletter.

 


Latest News

David Price and Red Sox to Meet Following Rehab Start
David Price and Red Sox to Meet Following Rehab Start
Lack of Offense Leading to Mediocrity for Boston Red Sox
Lack of Offense Leading to Mediocrity for Boston Red Sox
MLB and Facebook Announce Live Streaming for Games
MLB and Facebook Announce Live Streaming for Games
Can Anyway Stop the Houston Astros?
Can Anyway Stop the Houston Astros?
Kevin Pillar Turns from Defense to Offense
Kevin Pillar Turns from Defense to Offense
Chris Iannetta Hit in Face with 93mph Fastball
Chris Iannetta Hit in Face with 93mph Fastball


Leave a Reply

 
© 2006-2017 BBNS.