Benjamin F. Edwards & Company Inc. boosted its holdings in American Tower Corp (NYSE:AMT) by 187.9% in the fourth quarter, Holdings Channel reports. The firm owned 12,986 shares of the real estate investment trust’s stock after purchasing an additional 8,475 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in American Tower were worth $1,853,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of AMT. Janus Henderson Group PLC boosted its holdings in American Tower by 1,886.3% in the second quarter. Janus Henderson Group PLC now owns 7,468,416 shares of the real estate investment trust’s stock valued at $988,214,000 after purchasing an additional 7,092,413 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in American Tower by 823.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,606,119 shares of the real estate investment trust’s stock valued at $212,525,000 after purchasing an additional 1,432,155 shares during the last quarter. Atlantic Trust Group LLC boosted its holdings in American Tower by 89.8% in the third quarter. Atlantic Trust Group LLC now owns 1,896,026 shares of the real estate investment trust’s stock valued at $259,148,000 after purchasing an additional 897,138 shares during the last quarter. Vanguard Group Inc. boosted its holdings in American Tower by 3.2% in the second quarter. Vanguard Group Inc. now owns 28,442,502 shares of the real estate investment trust’s stock valued at $3,763,512,000 after purchasing an additional 881,020 shares during the last quarter. Finally, Winslow Capital Management LLC boosted its holdings in American Tower by 36.5% in the second quarter. Winslow Capital Management LLC now owns 2,539,716 shares of the real estate investment trust’s stock valued at $336,055,000 after purchasing an additional 679,096 shares during the last quarter. 91.60% of the stock is owned by hedge funds and other institutional investors.

Shares of American Tower Corp (NYSE AMT) opened at $136.64 on Thursday. American Tower Corp has a one year low of $102.73 and a one year high of $155.28. The stock has a market capitalization of $58,130.00, a P/E ratio of 51.95, a price-to-earnings-growth ratio of 1.38 and a beta of 0.73. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.61.

American Tower (NYSE:AMT) last announced its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.92). American Tower had a return on equity of 16.98% and a net margin of 18.63%. equities research analysts expect that American Tower Corp will post 6.53 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Thursday, December 28th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.05%. This is a boost from American Tower’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend was Wednesday, December 27th. American Tower’s dividend payout ratio is presently 106.46%.

American Tower announced that its Board of Directors has authorized a share repurchase program on Thursday, December 7th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the real estate investment trust to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

A number of research analysts recently commented on AMT shares. Morgan Stanley reissued an “overweight” rating and issued a $172.00 price target on shares of American Tower in a report on Wednesday, December 13th. Oppenheimer upped their price objective on American Tower from $155.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, December 20th. Argus upped their price objective on American Tower to $170.00 and gave the company a “buy” rating in a research note on Thursday, November 9th. Zacks Investment Research upgraded American Tower from a “hold” rating to a “buy” rating and set a $160.00 price objective on the stock in a research note on Friday, November 3rd. Finally, Jefferies Group upped their price objective on American Tower from $144.00 to $163.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. One research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. American Tower currently has an average rating of “Buy” and a consensus price target of $158.60.

In other news, Chairman James D. Taiclet, Jr. sold 34,667 shares of the stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $142.52, for a total transaction of $4,940,740.84. Following the sale, the chairman now directly owns 305,374 shares in the company, valued at approximately $43,521,902.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David E. Sharbutt sold 1,584 shares of the stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $144.44, for a total value of $228,792.96. Following the sale, the director now owns 4,861 shares in the company, valued at $702,122.84. The disclosure for this sale can be found here. Insiders have sold a total of 75,251 shares of company stock worth $11,026,134 over the last quarter. Insiders own 0.86% of the company’s stock.

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American Tower 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 (NYSE:AMT)

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