3,479 Shares in American Tower Corporation (REIT) (AMT) Purchased by Edgestream Partners L.P.

Edgestream Partners L.P. purchased a new position in shares of American Tower Corporation (REIT) (NYSE:AMT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,479 shares of the real estate investment trust’s stock, valued at approximately $460,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Waldron LP bought a new stake in shares of American Tower Corporation (REIT) during the first quarter worth approximately $307,000. Acadian Asset Management LLC boosted its holdings in shares of American Tower Corporation (REIT) by 296.4% during the first quarter. Acadian Asset Management LLC now owns 4,761 shares of the real estate investment trust’s stock worth $579,000 after acquiring an additional 3,560 shares during the period. Linscomb & Williams Inc. boosted its holdings in shares of American Tower Corporation (REIT) by 2.8% during the first quarter. Linscomb & Williams Inc. now owns 10,385 shares of the real estate investment trust’s stock worth $1,262,000 after acquiring an additional 280 shares during the period. Canada Pension Plan Investment Board boosted its holdings in shares of American Tower Corporation (REIT) by 144.7% during the first quarter. Canada Pension Plan Investment Board now owns 991,009 shares of the real estate investment trust’s stock worth $120,447,000 after acquiring an additional 585,985 shares during the period. Finally, Markel Corp boosted its holdings in shares of American Tower Corporation (REIT) by 110.7% during the first quarter. Markel Corp now owns 29,500 shares of the real estate investment trust’s stock worth $3,585,000 after acquiring an additional 15,500 shares during the period. 92.09% of the stock is currently owned by hedge funds and other institutional investors.

AMT has been the subject of a number of research analyst reports. Citigroup Inc. cut American Tower Corporation (REIT) to an “outperform” rating and set a $147.00 price objective for the company. in a report on Monday, June 12th. Raymond James Financial, Inc. reiterated an “outperform” rating on shares of American Tower Corporation (REIT) in a research note on Monday, June 12th. BidaskClub cut American Tower Corporation (REIT) from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. Zacks Investment Research cut American Tower Corporation (REIT) from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $150.00 price target on shares of American Tower Corporation (REIT) in a research note on Thursday, July 6th. Thirteen equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average target price of $148.58.

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American Tower Corporation (AMT) traded up 1.0975% during mid-day trading on Friday, reaching $144.4178. The company had a trading volume of 1,210,771 shares. The firm has a market capitalization of $61.98 billion, a price-to-earnings ratio of 57.7671 and a beta of 0.70. The firm has a 50-day moving average price of $141.56 and a 200 day moving average price of $130.15. 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 released its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.75). The firm had revenue of $1.66 billion during 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 firm’s quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.38 earnings per share. Analysts expect that American Tower Corporation will post $3.02 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 17th. Investors of record on Friday, September 29th will be paid a $0.66 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This is a boost from American Tower Corporation (REIT)’s previous quarterly dividend of $0.64. This represents a $2.64 dividend on an annualized basis and a yield of 1.85%. American Tower Corporation (REIT)’s dividend payout ratio (DPR) is 102.81%.

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 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 approximately $44,453,704.23. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Pamela D. A. Reeve sold 5,000 shares of American Tower Corporation (REIT) stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $143.49, for a total transaction of $717,450.00. Following the transaction, the director now directly owns 17,758 shares of the company’s stock, valued at $2,548,095.42. The disclosure for this sale can be found here. Insiders sold a total of 80,295 shares of company stock valued at $11,347,780 over the last quarter. 0.86% of the stock is owned by company insiders.

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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