American Assets Capital Advisers cut its position in shares of American Tower Corporation (REIT) (NYSE:AMT) by 0.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,046 shares of the real estate investment trust’s stock after selling 4 shares during the period. American Tower Corporation (REIT) makes up 3.8% of American Assets Capital Advisers’ investment portfolio, making the stock its 16th largest position. American Assets Capital Advisers’ holdings in American Tower Corporation (REIT) were worth $9,169,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its position in shares of American Tower Corporation (REIT) by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 169,896 shares of the real estate investment trust’s stock worth $17,959,000 after buying an additional 4,377 shares during the period. Honkamp Krueger Financial Services Inc. increased its stake in American Tower Corporation (REIT) by 1.9% in the first quarter. Honkamp Krueger Financial Services Inc. now owns 1,934 shares of the real estate investment trust’s stock worth $235,000 after buying an additional 36 shares in the last quarter. Private Bank & Trust Co. acquired a new stake in American Tower Corporation (REIT) during the first quarter worth about $825,000. BKD Wealth Advisors LLC increased its stake in American Tower Corporation (REIT) by 14.0% in the first quarter. BKD Wealth Advisors LLC now owns 2,899 shares of the real estate investment trust’s stock worth $352,000 after buying an additional 355 shares in the last quarter. Finally, Atria Investments LLC increased its stake in American Tower Corporation (REIT) by 13.8% in the first quarter. Atria Investments LLC now owns 4,792 shares of the real estate investment trust’s stock worth $582,000 after buying an additional 580 shares in the last quarter. Institutional investors and hedge funds own 93.40% of the company’s stock.

Shares of American Tower Corporation (NYSE AMT) opened at 136.68 on Friday. American Tower Corporation has a one year low of $99.72 and a one year high of $139.50. The stock’s 50 day moving average is $135.15 and its 200-day moving average is $123.95. The company has a market cap of $58.66 billion, a P/E ratio of 54.67 and a beta of 0.71.

American Tower Corporation (REIT) (NYSE:AMT) last released its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.80 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter last year, the business posted $1.38 earnings per share. American Tower Corporation (REIT)’s revenue was up 15.3% compared to the same quarter last year. Equities research analysts forecast that American Tower Corporation will post $3.02 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Monday, June 19th were given a $0.64 dividend. This is a positive change from American Tower Corporation (REIT)’s previous quarterly dividend of $0.62. This represents a $2.56 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date was Thursday, June 15th. American Tower Corporation (REIT)’s dividend payout ratio (DPR) is 102.81%.

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A number of research firms have issued reports on AMT. Zacks Investment Research raised shares of American Tower Corporation (REIT) from a “hold” rating to a “buy” rating and set a $152.00 price objective for the company in a report on Thursday, August 3rd. Argus boosted 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 report on Thursday, August 3rd. BidaskClub downgraded shares of American Tower Corporation (REIT) from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Cowen and Company reissued 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 boosted their price objective on shares of American Tower Corporation (REIT) from $145.00 to $157.00 and gave the company a “buy” rating in a report on Friday, July 14th. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. American Tower Corporation (REIT) presently has a consensus rating of “Buy” and an average price target of $142.67.

In other news, EVP Steven C. Marshall sold 20,548 shares of the firm’s stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $134.92, for a total value of $2,772,336.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David E. Sharbutt sold 3,653 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $128.61, for a total transaction of $469,812.33. Following the completion of the transaction, the director now owns 10,098 shares of the company’s stock, valued at $1,298,703.78. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by company 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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