American Tower Corporation (REIT) (AMT) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. decreased its position in shares of American Tower Corporation (REIT) (NYSE:AMT) by 4.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,640,964 shares of the real estate investment trust’s stock after selling 78,178 shares during the quarter. Russell Investments Group Ltd. owned 0.38% of American Tower Corporation (REIT) worth $224,242,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Kiwi Wealth Investments Limited Partnership boosted its stake in shares of American Tower Corporation (REIT) by 99.5% during the 3rd quarter. Kiwi Wealth Investments Limited Partnership now owns 127,742 shares of the real estate investment trust’s stock worth $17,460,000 after acquiring an additional 63,703 shares in the last quarter. Stratos Wealth Partners LTD. boosted its stake in shares of American Tower Corporation (REIT) by 23.4% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 5,940 shares of the real estate investment trust’s stock worth $812,000 after acquiring an additional 1,125 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of American Tower Corporation (REIT) by 4.2% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 104,416 shares of the real estate investment trust’s stock worth $14,272,000 after acquiring an additional 4,175 shares in the last quarter. HighPoint Advisor Group LLC boosted its stake in shares of American Tower Corporation (REIT) by 11.1% during the 3rd quarter. HighPoint Advisor Group LLC now owns 7,116 shares of the real estate investment trust’s stock worth $1,014,000 after acquiring an additional 710 shares in the last quarter. Finally, Comerica Bank boosted its stake in shares of American Tower Corporation (REIT) by 0.4% during the 3rd quarter. Comerica Bank now owns 154,237 shares of the real estate investment trust’s stock worth $22,036,000 after acquiring an additional 664 shares in the last quarter. 92.04% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have recently commented on the company. Morgan Stanley boosted their price target on American Tower Corporation (REIT) from $155.00 to $172.00 and gave the stock an “overweight” rating in a research note on Tuesday. ValuEngine upgraded American Tower Corporation (REIT) from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. Zacks Investment Research downgraded American Tower Corporation (REIT) from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Argus lifted their price objective on American Tower Corporation (REIT) to $170.00 and gave the stock a “buy” rating in a research report on Thursday, November 9th. Finally, Jefferies Group LLC lifted their price objective on American Tower Corporation (REIT) from $144.00 to $163.00 and gave the stock a “buy” rating in a research report on Wednesday, November 1st. One investment analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the stock. American Tower Corporation (REIT) presently has a consensus rating of “Buy” and an average price target of $157.00.

Shares of American Tower Corporation (NYSE:AMT) traded down $0.55 on Wednesday, reaching $149.49. The company’s stock had a trading volume of 1,854,700 shares, compared to its average volume of 1,980,653. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a market cap of $64,150.00, a P/E ratio of 23.23, a PEG ratio of 1.77 and a beta of 0.74. American Tower Corporation has a 52 week low of $99.72 and a 52 week high of $155.28.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 17th. Shareholders of record on Friday, September 29th were issued a $0.66 dividend. The ex-dividend date was Thursday, September 28th. This is an increase from American Tower Corporation (REIT)’s previous quarterly dividend of $0.64. This represents a $2.64 annualized dividend and a yield of 1.77%. American Tower Corporation (REIT)’s payout ratio is 100.38%.

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In other news, Chairman James D. Taiclet, Jr. sold 34,000 shares of the business’s stock in a transaction 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 sale, the chairman now directly owns 304,707 shares of the company’s stock, valued at approximately $44,453,704.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Amit Sharma sold 20,747 shares of the business’s stock in a transaction on 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 $14,191,170.35. The disclosure for this sale can be found here. Insiders sold a total of 113,747 shares of company stock valued at $16,054,543 over the last quarter. 0.86% of the stock is currently owned by insiders.

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.

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

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