Dimensional Fund Advisors LP boosted its position in American Tower Corporation (REIT) (NYSE:AMT) by 2.4% during the first quarter, Holdings Channel reports. The institutional investor owned 173,964 shares of the real estate investment trust’s stock after buying an additional 4,068 shares during the period. Dimensional Fund Advisors LP’s holdings in American Tower Corporation (REIT) were worth $21,140,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP boosted its position in shares of 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 in the last quarter. American Century Companies Inc. boosted its position in shares of 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 in the last quarter. Vanguard Group Inc. boosted its position in shares of 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 in the last quarter. Prudential Financial Inc. boosted its position in shares of American Tower Corporation (REIT) by 99.4% in the first quarter. Prudential Financial Inc. now owns 1,253,277 shares of the real estate investment trust’s stock worth $152,323,000 after buying an additional 624,789 shares in the last quarter. Finally, APG Asset Management N.V. boosted its position in shares of American Tower Corporation (REIT) by 40.9% in the first quarter. APG Asset Management N.V. now owns 2,136,874 shares of the real estate investment trust’s stock worth $259,716,000 after buying an additional 620,707 shares in the last quarter. 93.40% of the stock is currently owned by institutional investors.

Shares of American Tower Corporation (NYSE AMT) traded down 0.38% during midday trading on Thursday, reaching $137.33. 88,613 shares of the company’s stock traded hands. American Tower Corporation has a 12 month low of $99.72 and a 12 month high of $139.50. The stock has a market cap of $58.94 billion, a P/E ratio of 54.93 and a beta of 0.71. The stock has a 50 day moving average of $134.81 and a 200-day moving average of $123.63.

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

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Monday, June 19th were paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 1.86%. This is a positive change from American Tower Corporation (REIT)’s previous quarterly dividend of $0.62. The ex-dividend date was Thursday, June 15th. American Tower Corporation (REIT)’s dividend payout ratio (DPR) is 102.81%.

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A number of equities analysts have recently weighed in on AMT shares. Zacks Investment Research raised shares of American Tower Corporation (REIT) from a “hold” rating to a “buy” rating and set a $142.00 price target on the stock in a research report on Thursday, May 4th. Royal Bank Of Canada lifted their price target on shares of American Tower Corporation (REIT) from $134.00 to $145.00 and gave the stock an “outperform” rating in a research report on Friday, April 28th. BidaskClub cut shares of American Tower Corporation (REIT) from a “buy” rating to a “hold” rating in a research report on Saturday, July 1st. Citigroup Inc. cut shares of American Tower Corporation (REIT) to an “outperform” rating and set a $147.00 price target on the stock. in a research report on Monday, June 12th. Finally, Raymond James Financial, Inc. reissued an “outperform” rating on shares of American Tower Corporation (REIT) in a research report on Monday, June 12th. One research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. American Tower Corporation (REIT) currently has a consensus rating of “Buy” and an average target price 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director David E. Sharbutt sold 3,653 shares of the firm’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $128.61, for a total transaction of $469,812.33. Following the completion of the transaction, the director now directly owns 10,098 shares in the company, valued at $1,298,703.78. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by company insiders.

About American Tower Corporation (REIT)

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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