Stratos Wealth Partners LTD. increased its stake in American Tower Corporation (REIT) (NYSE:AMT) by 14.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,815 shares of the real estate investment trust’s stock after buying an additional 599 shares during the period. Stratos Wealth Partners LTD.’s holdings in American Tower Corporation (REIT) were worth $637,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Alexandria Capital LLC raised its stake in shares of American Tower Corporation (REIT) by 0.5% in the second quarter. Alexandria Capital LLC now owns 812 shares of the real estate investment trust’s stock valued at $107,000 after buying an additional 4 shares during the last quarter. Cornerstone Advisors Inc. raised its stake in American Tower Corporation (REIT) by 1.2% in the second quarter. Cornerstone Advisors Inc. now owns 1,235 shares of the real estate investment trust’s stock valued at $163,000 after buying an additional 15 shares in the last quarter. Guardian Life Insurance Co. of America raised its stake in American Tower Corporation (REIT) by 1.2% in the first quarter. Guardian Life Insurance Co. of America now owns 1,650 shares of the real estate investment trust’s stock valued at $201,000 after buying an additional 19 shares in the last quarter. Homrich & Berg raised its stake in American Tower Corporation (REIT) by 0.3% in the first quarter. Homrich & Berg now owns 7,046 shares of the real estate investment trust’s stock valued at $856,000 after buying an additional 24 shares in the last quarter. Finally, CHICAGO TRUST Co NA raised its stake in American Tower Corporation (REIT) by 1.5% in the second quarter. CHICAGO TRUST Co NA now owns 2,010 shares of the real estate investment trust’s stock valued at $266,000 after buying an additional 30 shares in the last quarter. Institutional investors own 93.40% of the company’s stock.

American Tower Corporation (AMT) opened at 136.83 on Friday. The firm has a 50-day moving average of $134.98 and a 200-day moving average of $123.72. The stock has a market capitalization of $58.72 billion, a price-to-earnings ratio of 54.73 and a beta of 0.71. American Tower Corporation has a 12-month low of $99.72 and a 12-month high of $139.50.

American Tower Corporation (REIT) (NYSE:AMT) last released its 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. American Tower Corporation (REIT) had a return on equity of 16.70% and a net margin of 18.58%. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period in the previous year, the firm earned $1.38 earnings per share. American Tower Corporation (REIT)’s revenue was up 15.3% on a year-over-year basis. Equities research analysts forecast that American Tower Corporation will post $3.02 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Monday, June 19th were given a $0.64 dividend. This is a positive change from American Tower Corporation (REIT)’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Thursday, June 15th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 1.87%. American Tower Corporation (REIT)’s dividend payout ratio (DPR) is 102.81%.

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Several equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of American Tower Corporation (REIT) from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Raymond James Financial, Inc. reiterated an “outperform” rating on shares of American Tower Corporation (REIT) in a research report on Monday, June 12th. Royal Bank Of Canada boosted their price objective 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. Citigroup Inc. lowered shares of American Tower Corporation (REIT) to an “outperform” rating and set a $147.00 price objective on the stock. in a research report on Monday, June 12th. Finally, BidaskClub lowered shares of American Tower Corporation (REIT) from a “buy” rating to a “hold” rating in a research report on Saturday, July 1st. One equities research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $142.67.

In related news, Director David E. Sharbutt sold 3,653 shares of the stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $128.61, for a total value of $469,812.33. Following the completion of the transaction, the director now owns 10,098 shares in the company, valued at approximately $1,298,703.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Steven C. Marshall sold 20,548 shares of the 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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