Toronto Dominion Bank boosted its position in American Tower Corporation (REIT) (NYSE:AMT) by 15.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 172,478 shares of the real estate investment trust’s stock after purchasing an additional 23,719 shares during the period. Toronto Dominion Bank’s holdings in American Tower Corporation (REIT) were worth $23,572,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Alexandria Capital LLC lifted its position in American Tower Corporation (REIT) by 0.5% in the second quarter. Alexandria Capital LLC now owns 812 shares of the real estate investment trust’s stock valued at $107,000 after purchasing an additional 4 shares during the period. Cornerstone Advisors Inc. increased its holdings in American Tower Corporation (REIT) by 1.2% in the second quarter. Cornerstone Advisors Inc. now owns 1,235 shares of the real estate investment trust’s stock valued at $163,000 after buying an additional 15 shares in the last quarter. Baxter Bros Inc. increased its holdings in American Tower Corporation (REIT) by 0.4% in the second quarter. Baxter Bros Inc. now owns 3,470 shares of the real estate investment trust’s stock valued at $459,000 after buying an additional 15 shares in the last quarter. HL Financial Services LLC increased its holdings in American Tower Corporation (REIT) by 0.5% in the second quarter. HL Financial Services LLC now owns 3,675 shares of the real estate investment trust’s stock valued at $486,000 after buying an additional 19 shares in the last quarter. Finally, Atlantic Trust LLC increased its holdings in American Tower Corporation (REIT) by 0.5% in the second quarter. Atlantic Trust LLC now owns 4,345 shares of the real estate investment trust’s stock valued at $575,000 after buying an additional 21 shares in the last quarter. Hedge funds and other institutional investors own 92.04% of the company’s stock.

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In other American Tower Corporation (REIT) news, EVP Amit Sharma sold 20,747 shares of American Tower Corporation (REIT) stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $139.67, for a total value of $2,897,733.49. Following the completion of 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman James D. Taiclet, Jr. sold 34,000 shares of American Tower Corporation (REIT) stock in a transaction that occurred on Monday, September 11th. The stock was 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 $44,453,704.23. The disclosure for this sale can be found here. Over the last three months, insiders have sold 113,747 shares of company stock valued at $16,054,543. Corporate insiders own 0.86% of the company’s stock.

A number of research analysts have issued reports on AMT shares. BidaskClub raised shares of American Tower Corporation (REIT) from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Cowen and Company reaffirmed a “buy” rating and issued a $155.00 target price on shares of American Tower Corporation (REIT) in a report on Wednesday, July 19th. SunTrust Banks, Inc. reaffirmed a “buy” rating on shares of American Tower Corporation (REIT) in a report on Wednesday, September 20th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $144.00 target price on shares of American Tower Corporation (REIT) in a report on Tuesday, September 12th. Finally, UBS AG increased their target price on shares of American Tower Corporation (REIT) from $150.00 to $163.00 and gave the company a “buy” rating in a report on Monday, September 11th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. American Tower Corporation (REIT) currently has a consensus rating of “Buy” and an average target price of $155.85.

Shares of American Tower Corporation (AMT) traded down $1.28 on Monday, hitting $150.54. 1,537,100 shares of the stock were exchanged, compared to its average volume of 1,979,064. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.42 and a current ratio of 1.42. American Tower Corporation has a fifty-two week low of $99.72 and a fifty-two week high of $155.28. The stock has a market cap of $64,740.00, a PE ratio of 23.30, a price-to-earnings-growth ratio of 1.77 and a beta of 0.74.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 17th. Stockholders of record on Friday, September 29th were paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.75%. This is a boost from American Tower Corporation (REIT)’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend was Thursday, September 28th. American Tower Corporation (REIT)’s dividend payout ratio (DPR) is 100.38%.

American Tower Corporation (REIT) Profile

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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