American Century Companies Inc. trimmed its position in American Tower Corporation (REIT) (NYSE:AMT) by 3.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,201,524 shares of the real estate investment trust’s stock after selling 123,440 shares during the period. American Century Companies Inc. owned approximately 0.75% of American Tower Corporation (REIT) worth $437,584,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Shine Investment Advisory Services Inc. bought a new stake in American Tower Corporation (REIT) during the 2nd quarter worth approximately $100,000. Alexandria Capital LLC increased its stake in American Tower Corporation (REIT) by 0.5% during the 2nd quarter. Alexandria Capital LLC now owns 812 shares of the real estate investment trust’s stock worth $107,000 after purchasing an additional 4 shares in the last quarter. Howe & Rusling Inc. increased its stake in American Tower Corporation (REIT) by 1,608.0% during the 3rd quarter. Howe & Rusling Inc. now owns 854 shares of the real estate investment trust’s stock worth $117,000 after purchasing an additional 804 shares in the last quarter. Peddock Capital Advisors LLC bought a new stake in American Tower Corporation (REIT) during the 2nd quarter worth approximately $119,000. Finally, Legacy Advisors LLC bought a new stake in American Tower Corporation (REIT) during the 3rd quarter worth approximately $132,000. Institutional investors and hedge funds own 92.01% of the company’s stock.

In other news, Chairman James D. Taiclet, Jr. sold 34,000 shares of American Tower Corporation (REIT) stock in a transaction on Monday, October 16th. The stock was sold at an average price of $139.40, for a total transaction of $4,739,600.00. Following the completion of the sale, the chairman now owns 304,707 shares of the company’s stock, valued at $42,476,155.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Amit Sharma sold 20,747 shares of American Tower Corporation (REIT) stock in a transaction on Friday, August 18th. The stock was sold at an average price of $139.67, for a total value 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 disclosure for this sale can be found here. Insiders have sold 113,747 shares of company stock valued at $16,054,543 in the last three months. Insiders own 0.86% of the company’s stock.

Several brokerages have recently weighed in on AMT. Jefferies Group LLC reaffirmed a “buy” rating and set a $144.00 price target on shares of American Tower Corporation (REIT) in a research note on Tuesday, September 12th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $153.00 price target on shares of American Tower Corporation (REIT) in a research note on Friday, September 1st. UBS AG raised their price target on shares of American Tower Corporation (REIT) from $150.00 to $163.00 and gave the stock a “buy” rating in a research note on Monday, September 11th. Citigroup Inc. raised their price target on shares of American Tower Corporation (REIT) from $142.00 to $167.00 and gave the stock a “buy” rating in a research note on Monday, August 28th. Finally, BidaskClub raised shares of American Tower Corporation (REIT) from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. Fifteen research analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and a consensus target price of $154.31.

TRADEMARK VIOLATION NOTICE: This piece was first published by Watch List News and is the sole property of of Watch List News. If you are reading this piece on another domain, it was illegally copied and reposted in violation of US and international copyright and trademark laws. The legal version of this piece can be accessed at https://www.watchlistnews.com/american-century-companies-inc-has-437-58-million-position-in-american-tower-corporation-reit-amt/1683453.html.

American Tower Corporation (NYSE AMT) traded up $8.12 on Monday, hitting $150.22. The stock had a trading volume of 2,036,511 shares, compared to its average volume of 2,008,583. American Tower Corporation has a 12 month low of $99.72 and a 12 month high of $148.71. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.61. The firm has a market capitalization of $60,940.44, a P/E ratio of 22.00, a P/E/G ratio of 1.67 and a beta of 0.74.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 17th. Stockholders of record on Friday, September 29th were issued a dividend of $0.66 per share. The ex-dividend date was Thursday, September 28th. This represents a $2.64 dividend on an annualized basis and a dividend 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 currently 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.

Want to see what other hedge funds are holding AMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Tower Corporation (REIT) (NYSE:AMT).

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

Receive News & Ratings for American Tower Corporation (REIT) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Tower Corporation (REIT) and related companies with Analyst Ratings Network's FREE daily email newsletter.