Rhumbline Advisers Acquires 5,731 Shares of American Tower Corporation (REIT) (AMT)

Rhumbline Advisers lifted its holdings in shares of American Tower Corporation (REIT) (NYSE:AMT) by 0.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 807,253 shares of the real estate investment trust’s stock after acquiring an additional 5,731 shares during the quarter. Rhumbline Advisers owned about 0.19% of American Tower Corporation (REIT) worth $110,335,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the stock. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in shares of American Tower Corporation (REIT) by 783.8% during the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 677,573 shares of the real estate investment trust’s stock valued at $92,611,000 after acquiring an additional 600,910 shares in the last quarter. Capital Analysts LLC lifted its holdings in shares of American Tower Corporation (REIT) by 2.9% during the 3rd quarter. Capital Analysts LLC now owns 30,072 shares of the real estate investment trust’s stock valued at $4,110,000 after acquiring an additional 858 shares in the last quarter. Toronto Dominion Bank lifted its holdings in shares of American Tower Corporation (REIT) by 15.9% during the 3rd quarter. Toronto Dominion Bank now owns 172,478 shares of the real estate investment trust’s stock valued at $23,572,000 after acquiring an additional 23,719 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in shares of American Tower Corporation (REIT) by 2.1% during the 3rd quarter. CIBC Asset Management Inc now owns 38,991 shares of the real estate investment trust’s stock valued at $5,329,000 after acquiring an additional 788 shares in the last quarter. Finally, Dividend Assets Capital LLC acquired a new position in shares of American Tower Corporation (REIT) during the 3rd quarter valued at $205,000. Institutional investors and hedge funds own 92.04% of the company’s stock.

In other news, Director Pamela D. A. Reeve sold 5,000 shares of the company’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 sale, the director now owns 17,758 shares in the company, valued at approximately $2,548,095.42. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Amit Sharma sold 20,747 shares of the company’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 completion of the sale, the executive vice president now owns 101,605 shares in the company, valued at approximately $14,191,170.35. The disclosure for this sale can be found here. In the last 90 days, insiders sold 113,747 shares of company stock worth $16,054,543. Company insiders own 0.86% of the company’s stock.

Several research firms recently weighed in on AMT. Cowen and Company restated a “buy” rating and set a $155.00 target price on shares of American Tower Corporation (REIT) in a report on Wednesday, July 19th. Argus lifted their target price on shares of American Tower Corporation (REIT) to $170.00 and gave the company a “buy” rating in a report on Thursday, November 9th. Morgan Stanley lifted their target price on shares of American Tower Corporation (REIT) from $155.00 to $172.00 and gave the company an “overweight” rating in a report on Tuesday. Zacks Investment Research upgraded shares of American Tower Corporation (REIT) from a “hold” rating to a “buy” rating and set a $152.00 target price on the stock in a report on Thursday, August 3rd. Finally, Jefferies Group LLC lifted their target price on shares of American Tower Corporation (REIT) from $144.00 to $163.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. One analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $157.00.

Shares of American Tower Corporation (NYSE AMT) traded down $0.50 during trading on Tuesday, hitting $150.04. 2,453,000 shares of the stock were exchanged, compared to its average volume of 1,981,228. The firm has a market cap of $64,559.98, a price-to-earnings ratio of 23.30, a PEG ratio of 1.77 and a beta of 0.74. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.61. American Tower Corporation has a 1-year low of $99.72 and a 1-year high of $155.28.

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

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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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