Winfield Associates Inc. increased its position in American Tower Corporation (REIT) (NYSE:AMT) by 18.6% during the second quarter, according to its most recent filing with the SEC. The fund owned 7,025 shares of the real estate investment trust’s stock after buying an additional 1,100 shares during the period. Winfield Associates Inc.’s holdings in American Tower Corporation (REIT) were worth $930,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in American Tower Corporation (REIT) by 3.8% in the first quarter. Vanguard Group Inc. now owns 27,561,482 shares of the real estate investment trust’s stock worth $3,349,823,000 after buying an additional 1,008,946 shares during the last quarter. Wellington Management Group LLP boosted its stake in American Tower Corporation (REIT) by 8.4% in the first quarter. Wellington Management Group LLP now owns 21,788,278 shares of the real estate investment trust’s stock worth $2,648,146,000 after buying an additional 1,679,615 shares during the last quarter. Edgewood Management LLC boosted its stake in American Tower Corporation (REIT) by 2.6% in the first quarter. Edgewood Management LLC now owns 5,925,839 shares of the real estate investment trust’s stock worth $720,226,000 after buying an additional 151,527 shares during the last quarter. American Century Companies Inc. boosted its stake in American Tower Corporation (REIT) by 60.8% in the first quarter. American Century Companies Inc. now owns 3,986,977 shares of the real estate investment trust’s stock worth $484,577,000 after buying an additional 1,507,172 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in American Tower Corporation (REIT) by 8.7% in the first quarter. Geode Capital Management LLC now owns 3,789,461 shares of the real estate investment trust’s stock worth $459,850,000 after buying an additional 303,425 shares during the last quarter. 93.40% of the stock is currently owned by hedge funds and other institutional investors.

American Tower Corporation (AMT) opened at 138.07 on Tuesday. American Tower Corporation has a 12-month low of $99.72 and a 12-month high of $139.50. The firm has a market cap of $59.26 billion, a price-to-earnings ratio of 55.23 and a beta of 0.71. The company has a 50-day moving average of $133.71 and a 200 day moving average of $122.47.

American Tower Corporation (REIT) (NYSE:AMT) last announced its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.55 by $0.75. The firm had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.64 billion. American Tower Corporation (REIT) had a return on equity of 16.70% and a net margin of 18.58%. American Tower Corporation (REIT)’s revenue was up 15.3% on a year-over-year basis. During the same period last year, the business earned $1.38 EPS. Equities analysts expect that American Tower Corporation will post $3.04 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Monday, June 19th were issued a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend was Thursday, June 15th. This is a positive change from American Tower Corporation (REIT)’s previous quarterly dividend of $0.62. American Tower Corporation (REIT)’s dividend payout ratio (DPR) is 102.81%.

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Several brokerages recently weighed in on AMT. BidaskClub cut shares of American Tower Corporation (REIT) from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. Zacks Investment Research raised shares of American Tower Corporation (REIT) from a “hold” rating to a “buy” rating and set a $152.00 price objective on the stock in a research note on Thursday, August 3rd. Cowen and Company reissued a “buy” rating and issued a $155.00 price objective on shares of American Tower Corporation (REIT) in a research note on Wednesday, July 19th. Deutsche Bank AG boosted their price objective on shares of American Tower Corporation (REIT) from $145.00 to $157.00 and gave the stock a “buy” rating in a research note on Friday, July 14th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $150.00 price objective on shares of American Tower Corporation (REIT) in a research note on Thursday, July 6th. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. American Tower Corporation (REIT) presently has an average rating of “Buy” and an average price target of $142.67.

In other American Tower Corporation (REIT) news, EVP Steven C. Marshall sold 20,548 shares of the firm’s 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Amit Sharma sold 61,096 shares of the firm’s stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $126.57, for a total transaction of $7,732,920.72. Following the completion of the sale, the executive vice president now directly owns 177,556 shares in the company, valued at approximately $22,473,262.92. The disclosure for this sale can be found here. In the last three months, insiders sold 85,297 shares of company stock worth $10,975,069. 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.

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

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