American Tower Corporation (REIT) (AMT) Position Boosted by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in American Tower Corporation (REIT) (NYSE:AMT) by 4.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 104,416 shares of the real estate investment trust’s stock after buying an additional 4,175 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in American Tower Corporation (REIT) were worth $14,272,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of AMT. Dimensional Fund Advisors LP increased its holdings in American Tower Corporation (REIT) by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 173,964 shares of the real estate investment trust’s stock valued at $21,140,000 after buying an additional 4,068 shares during the last quarter. IHT Wealth Management LLC boosted its stake in American Tower Corporation (REIT) by 10.9% in the first quarter. IHT Wealth Management LLC now owns 2,114 shares of the real estate investment trust’s stock valued at $255,000 after acquiring an additional 208 shares in the last quarter. First Financial Equity Corporation acquired a new position in American Tower Corporation (REIT) in the first quarter valued at $367,000. FNY Partners Fund LP boosted its stake in American Tower Corporation (REIT) by 53.8% in the first quarter. FNY Partners Fund LP now owns 2,000 shares of the real estate investment trust’s stock valued at $243,000 after acquiring an additional 700 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in American Tower Corporation (REIT) in the first quarter valued at $4,862,000. 92.04% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Pamela D. A. Reeve sold 5,000 shares of the firm’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $143.49, for a total value of $717,450.00. Following the completion of the sale, the director now owns 17,758 shares in the company, valued at $2,548,095.42. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman James D. Taiclet, Jr. sold 34,000 shares of the firm’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 sale, the chairman now owns 304,707 shares of the company’s stock, valued at approximately $44,453,704.23. The disclosure for this sale can be found here. In the last 90 days, insiders sold 113,747 shares of company stock valued at $16,054,543. 0.86% of the stock is owned by insiders.

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Several equities analysts have issued reports on AMT shares. Citigroup Inc. upped their price objective on shares of American Tower Corporation (REIT) from $142.00 to $167.00 and gave the company a “buy” rating in a research note on Monday, August 28th. Zacks Investment Research upgraded shares of American Tower Corporation (REIT) from a “sell” rating to a “hold” rating and set a $153.00 price objective for the company in a research note on Thursday, July 27th. Royal Bank Of Canada restated a “buy” rating and issued a $153.00 price objective on shares of American Tower Corporation (REIT) in a research note on Friday, September 1st. KeyCorp set a $156.00 price objective on shares of American Tower Corporation (REIT) and gave the company an “overweight” rating in a research note on Wednesday, November 1st. Finally, Argus upped their price objective on shares of American Tower Corporation (REIT) from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $157.00.

Shares of American Tower Corporation (NYSE:AMT) traded up $0.33 during trading hours on Tuesday, reaching $150.37. 831,781 shares of the company were exchanged, compared to its average volume of 1,981,228. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a market capitalization of $64,559.98, a P/E ratio of 23.30, a P/E/G ratio of 1.77 and a beta of 0.74. 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. Investors of record on Friday, September 29th were given a $0.66 dividend. The ex-dividend date was Thursday, September 28th. This represents a $2.64 dividend on an annualized basis and a yield of 1.76%. This is an increase from American Tower Corporation (REIT)’s previous quarterly dividend of $0.64. American Tower Corporation (REIT)’s dividend payout ratio (DPR) is presently 100.38%.

About American Tower Corporation (REIT)

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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