Intrust Bank NA increased its position in American Tower Corporation (REIT) (NYSE:AMT) by 6.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,169 shares of the real estate investment trust’s stock after buying an additional 400 shares during the period. Intrust Bank NA’s holdings in American Tower Corporation (REIT) were worth $843,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in American Tower Corporation (REIT) by 3.2% during the second quarter. Vanguard Group Inc. now owns 28,442,502 shares of the real estate investment trust’s stock worth $3,763,512,000 after acquiring an additional 881,020 shares during the last quarter. Janus Henderson Group PLC increased its stake in American Tower Corporation (REIT) by 1,886.3% during the second quarter. Janus Henderson Group PLC now owns 7,468,416 shares of the real estate investment trust’s stock worth $988,214,000 after acquiring an additional 7,092,413 shares during the last quarter. Northern Trust Corp increased its stake in American Tower Corporation (REIT) by 9.2% during the second quarter. Northern Trust Corp now owns 6,566,346 shares of the real estate investment trust’s stock worth $868,858,000 after acquiring an additional 550,608 shares during the last quarter. Principal Financial Group Inc. increased its stake in American Tower Corporation (REIT) by 5.6% during the third quarter. Principal Financial Group Inc. now owns 3,164,598 shares of the real estate investment trust’s stock worth $432,537,000 after acquiring an additional 166,910 shares during the last quarter. Finally, Brookfield Asset Management Inc. increased its stake in American Tower Corporation (REIT) by 10.3% during the second quarter. Brookfield Asset Management Inc. now owns 2,628,643 shares of the real estate investment trust’s stock worth $347,822,000 after acquiring an additional 244,700 shares during the last quarter. Institutional investors own 92.04% of the company’s stock.

Shares of American Tower Corporation (NYSE AMT) traded up $1.16 during trading hours on Monday, reaching $151.70. The company had a trading volume of 1,325,294 shares, compared to its average volume of 2,030,000. American Tower Corporation has a 52 week low of $99.72 and a 52 week high of $155.28. The company has a market capitalization of $64,740.00, a PE ratio of 23.30, a P/E/G ratio of 1.77 and a beta of 0.74. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.42 and a current ratio of 1.42.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 17th. Investors of record on Friday, September 29th were paid a $0.66 dividend. The ex-dividend date was Thursday, September 28th. This represents a $2.64 annualized dividend and a yield of 1.74%. This is a boost from American Tower Corporation (REIT)’s previous quarterly dividend of $0.64. American Tower Corporation (REIT)’s dividend payout ratio is 100.38%.

In other American Tower Corporation (REIT) news, EVP Amit Sharma sold 20,747 shares of the company’s stock in a transaction on Friday, August 18th. The stock was 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 $14,191,170.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman James D. Taiclet, Jr. sold 34,000 shares of the company’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $145.89, for a total value of $4,960,260.00. Following the sale, the chairman now owns 304,707 shares of the company’s stock, valued at approximately $44,453,704.23. The disclosure for this sale can be found here. In the last three months, insiders sold 113,747 shares of company stock worth $16,054,543. 0.86% of the stock is owned by insiders.

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A number of research analysts have recently commented on AMT shares. Jefferies Group LLC reaffirmed a “buy” rating and set a $144.00 target price on shares of American Tower Corporation (REIT) in a research note on Tuesday, September 12th. Zacks Investment Research raised American Tower Corporation (REIT) from a “hold” rating to a “buy” rating and set a $152.00 target price on the stock in a research note on Thursday, August 3rd. Macquarie upped their target price on American Tower Corporation (REIT) from $162.00 to $165.00 and gave the company an “outperform” rating in a research note on Wednesday, November 1st. BidaskClub raised American Tower Corporation (REIT) from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. Finally, KeyCorp set a $156.00 target price on American Tower Corporation (REIT) and gave the company an “overweight” rating in a research note on Wednesday, November 1st. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $155.85.

American Tower Corporation (REIT) Company 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.

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

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