Cantillon Capital Management LLC raised its holdings in shares of American Tower Corp (NYSE:AMT) by 0.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,190,356 shares of the real estate investment trust’s stock after purchasing an additional 16,016 shares during the period. American Tower accounts for about 4.2% of Cantillon Capital Management LLC’s holdings, making the stock its 9th largest holding. Cantillon Capital Management LLC owned about 0.50% of American Tower worth $346,492,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quantamental Technologies LLC bought a new position in American Tower during the 4th quarter valued at approximately $25,000. Lavaca Capital LLC bought a new position in American Tower during the 4th quarter valued at approximately $27,000. Moody National Bank Trust Division bought a new position in American Tower during the 4th quarter valued at approximately $44,000. Private Ocean LLC raised its position in American Tower by 152.9% during the 4th quarter. Private Ocean LLC now owns 344 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 208 shares during the last quarter. Finally, Legacy Financial Advisors Inc. raised its position in American Tower by 20.4% during the 4th quarter. Legacy Financial Advisors Inc. now owns 396 shares of the real estate investment trust’s stock valued at $63,000 after purchasing an additional 67 shares during the last quarter. 94.85% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:AMT opened at $172.43 on Monday. American Tower Corp has a 52-week low of $130.37 and a 52-week high of $173.95. The company has a market capitalization of $75.95 billion, a PE ratio of 27.03, a PEG ratio of 1.59 and a beta of 0.65. The company has a debt-to-equity ratio of 3.11, a current ratio of 0.72 and a quick ratio of 0.72.

The business also recently declared a quarterly dividend, which was paid on Monday, January 14th. Investors of record on Thursday, December 27th were paid a $0.84 dividend. The ex-dividend date was Wednesday, December 26th. This represents a $3.36 annualized dividend and a dividend yield of 1.95%. This is an increase from American Tower’s previous quarterly dividend of $0.79. American Tower’s dividend payout ratio is presently 52.66%.

In other American Tower news, Director David E. Sharbutt sold 813 shares of the stock in a transaction on Wednesday, November 14th. The stock was sold at an average price of $160.88, for a total transaction of $130,795.44. Following the sale, the director now directly owns 3,968 shares in the company, valued at approximately $638,371.84. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Thomas A. Bartlett sold 93,338 shares of the stock in a transaction on Monday, November 19th. The shares were sold at an average price of $165.00, for a total value of $15,400,770.00. Following the sale, the chief financial officer now owns 133,660 shares in the company, valued at $22,053,900. The disclosure for this sale can be found here. Insiders sold a total of 212,654 shares of company stock worth $35,077,266 in the last 90 days. 0.87% of the stock is currently owned by company insiders.

A number of research analysts have commented on AMT shares. Zacks Investment Research raised American Tower from a “sell” rating to a “hold” rating in a research report on Thursday, October 18th. Citigroup lowered American Tower from a “buy” rating to a “neutral” rating and increased their target price for the stock from $161.00 to $176.00 in a research report on Wednesday, October 31st. KeyCorp increased their target price on American Tower from $165.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 31st. Bank of America set a $172.00 target price on American Tower and gave the stock a “buy” rating in a research report on Wednesday, October 31st. Finally, Barclays increased their target price on American Tower from $156.00 to $164.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 31st. Eight investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. American Tower currently has a consensus rating of “Buy” and a consensus target price of $166.33.

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American Tower Company Profile

American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 170,000 communications sites.

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

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