Bank of Stockton held its position in American Tower Corporation (REIT) (NYSE:AMT) during the second quarter, Holdings Channel reports. The firm owned 1,707 shares of the real estate investment trust’s stock at the end of the second quarter. Bank of Stockton’s holdings in American Tower Corporation (REIT) were worth $225,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of AMT. Dimensional Fund Advisors LP boosted its position in 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 valued at $17,959,000 after buying an additional 4,377 shares in the last quarter. CENTRAL TRUST Co raised its stake in shares of American Tower Corporation (REIT) by 24.3% in the first quarter. CENTRAL TRUST Co now owns 4,134 shares of the real estate investment trust’s stock valued at $503,000 after buying an additional 807 shares during the last quarter. Raymond James Trust N.A. raised its stake in shares of American Tower Corporation (REIT) by 5.5% in the first quarter. Raymond James Trust N.A. now owns 6,422 shares of the real estate investment trust’s stock valued at $781,000 after buying an additional 336 shares during the last quarter. Koshinski Asset Management Inc. purchased a new stake in shares of American Tower Corporation (REIT) during the first quarter valued at about $239,000. Finally, National Pension Service raised its stake in shares of American Tower Corporation (REIT) by 3.9% in the first quarter. National Pension Service now owns 315,949 shares of the real estate investment trust’s stock valued at $38,201,000 after buying an additional 11,737 shares during the last quarter. 93.40% of the stock is currently owned by institutional investors and hedge funds.

Shares of American Tower Corporation (AMT) opened at 137.85 on Thursday. American Tower Corporation has a 1-year low of $99.72 and a 1-year high of $139.50. The company’s 50 day moving average price is $134.81 and its 200-day moving average price is $123.63. The company has a market capitalization of $59.16 billion, a price-to-earnings ratio of 55.14 and a beta of 0.71.

American Tower Corporation (REIT) (NYSE:AMT) last released its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.55 by $0.75. The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.64 billion. American Tower Corporation (REIT) had a return on equity of 16.70% and a net margin of 18.58%. The business’s quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter last year, the business earned $1.38 earnings per share. On average, equities analysts forecast that American Tower Corporation will post $3.02 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Monday, June 19th were paid a $0.64 dividend. This is an increase 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 1.86%. The ex-dividend date was Thursday, June 15th. American Tower Corporation (REIT)’s dividend payout ratio (DPR) is 102.81%.

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Several analysts have issued reports on AMT shares. BidaskClub upgraded American Tower Corporation (REIT) from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Cowen and Company restated a “buy” rating and issued a $155.00 target price on shares of American Tower Corporation (REIT) in a research note on Wednesday, July 19th. Deutsche Bank AG boosted their target price on American Tower Corporation (REIT) from $145.00 to $157.00 and gave the company a “buy” rating in a research note on Friday, July 14th. Stifel Nicolaus restated a “buy” rating and issued a $150.00 target price on shares of American Tower Corporation (REIT) in a research note on Thursday, July 6th. Finally, Zacks Investment Research upgraded American Tower Corporation (REIT) from a “hold” rating to a “buy” rating and set a $142.00 target price on the stock in a research note on Thursday, May 4th. One research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $142.67.

In related news, Director David E. Sharbutt sold 3,653 shares of American Tower Corporation (REIT) stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $128.61, for a total transaction of $469,812.33. Following the transaction, the director now directly owns 10,098 shares in the company, valued at $1,298,703.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Steven C. Marshall sold 20,548 shares of American Tower Corporation (REIT) stock in a transaction 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 disclosure for this sale can be found here. Company insiders own 0.86% of the company’s stock.

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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