Johnson Financial Group Inc. Has $913,000 Holdings in American Tower Corporation (REIT) (NYSE:AMT)

Johnson Financial Group Inc. cut its holdings in shares of American Tower Corporation (REIT) (NYSE:AMT) by 49.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,898 shares of the real estate investment trust’s stock after selling 6,683 shares during the quarter. Johnson Financial Group Inc.’s holdings in American Tower Corporation (REIT) were worth $913,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Waldron LP acquired a new position in American Tower Corporation (REIT) during the 1st quarter worth about $307,000. Acadian Asset Management LLC lifted its stake in American Tower Corporation (REIT) by 296.4% during the 1st 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 in the last quarter. Linscomb & Williams Inc. lifted its stake in American Tower Corporation (REIT) by 2.8% during the 1st 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 in the last quarter. Canada Pension Plan Investment Board lifted its stake in American Tower Corporation (REIT) by 144.7% during the 1st 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 in the last quarter. Finally, Markel Corp lifted its stake in American Tower Corporation (REIT) by 110.7% during the 1st 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 in the last quarter. Institutional investors and hedge funds own 92.09% of the company’s stock.

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Shares of American Tower Corporation (NYSE:AMT) traded up 1.26% on Friday, hitting $144.65. The company’s stock had a trading volume of 1,554,300 shares. American Tower Corporation has a 1-year low of $99.72 and a 1-year high of $148.71. The company has a 50 day moving average of $141.56 and a 200 day moving average of $130.15. The firm has a market cap of $62.08 billion, a PE ratio of 57.86 and a beta of 0.70.

American Tower Corporation (REIT) (NYSE:AMT) last posted 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). American Tower Corporation (REIT) had a net margin of 18.58% and a return on equity of 16.70%. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the prior year, the firm posted $1.38 earnings per share. The company’s revenue was up 15.3% compared to the same quarter last year. Equities analysts forecast that American Tower Corporation will post $3.02 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 17th. Shareholders of record on Friday, September 29th will be given a dividend of $0.66 per share. 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 annualized dividend and a yield of 1.85%. American Tower Corporation (REIT)’s payout ratio is 102.81%.

A number of equities research analysts have issued reports on AMT shares. BidaskClub lowered American Tower Corporation (REIT) from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. Zacks Investment Research raised American Tower Corporation (REIT) from a “hold” rating to a “buy” rating and set a $152.00 price target on the stock in a research report on Thursday, August 3rd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $144.00 price target on shares of American Tower Corporation (REIT) in a research report on Tuesday. Cowen and Company reiterated a “buy” rating and issued a $155.00 price objective on shares of American Tower Corporation (REIT) in a report on Wednesday, July 19th. Finally, Deutsche Bank AG increased their price objective on American Tower Corporation (REIT) from $145.00 to $157.00 and gave the company a “buy” rating in a report on Friday, July 14th. Thirteen analysts have rated the stock with a buy rating, American Tower Corporation (REIT) currently has an average rating of “Buy” and a consensus price target of $148.58.

In other American Tower Corporation (REIT) news, EVP Amit Sharma sold 20,747 shares of the business’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $139.67, for a total transaction of $2,897,733.49. Following the sale, the executive vice president now directly owns 101,605 shares of the company’s stock, valued at approximately $14,191,170.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Steven C. Marshall sold 20,548 shares of the business’s stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $134.92, for a total transaction of $2,772,336.16. The disclosure for this sale can be found here. Insiders have sold a total of 80,295 shares of company stock worth $11,347,780 over the last three months. 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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