National Pension Service raised its stake in shares of American Tower Corporation (REIT) (NYSE:AMT) by 10.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 349,990 shares of the real estate investment trust’s stock after buying an additional 34,041 shares during the period. National Pension Service owned 0.08% of American Tower Corporation (REIT) worth $46,486,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. GW&K Investment Management LLC raised its stake in American Tower Corporation (REIT) by 297.5% in the first quarter. GW&K Investment Management LLC now owns 316,761 shares of the real estate investment trust’s stock worth $38,499,000 after buying an additional 237,069 shares in the last quarter. Stock Yards Bank & Trust Co. raised its stake in American Tower Corporation (REIT) by 4.3% in the first quarter. Stock Yards Bank & Trust Co. now owns 94,511 shares of the real estate investment trust’s stock worth $11,487,000 after buying an additional 3,916 shares in the last quarter. Raymond James Trust N.A. raised its stake in American Tower Corporation (REIT) by 5.5% in the first quarter. Raymond James Trust N.A. now owns 6,422 shares of the real estate investment trust’s stock worth $781,000 after buying an additional 336 shares in the last quarter. Hills Bank & Trust Co. increased its stake in American Tower Corporation (REIT) by 2.9% in the first quarter. Hills Bank & Trust Co. now owns 9,586 shares of the real estate investment trust’s stock worth $1,166,000 after buying an additional 269 shares during the last quarter. Finally, Manning & Napier Advisors LLC bought a new stake in American Tower Corporation (REIT) during the first quarter worth $29,700,000. Hedge funds and other institutional investors own 93.40% of the company’s stock.

American Tower Corporation (NYSE:AMT) traded up 0.36% during mid-day trading on Monday, reaching $138.07. 975,928 shares of the company were exchanged. American Tower Corporation has a 1-year low of $99.72 and a 1-year high of $139.50. The company has a 50 day moving average of $133.71 and a 200-day moving average of $122.47. The company has a market capitalization of $59.26 billion, a price-to-earnings ratio of 55.23 and a beta of 0.71.

American Tower Corporation (REIT) (NYSE:AMT) last announced its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.80 EPS for the quarter, missing the Zacks’ consensus estimate of $1.55 by $0.75. The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.64 billion. American Tower Corporation (REIT) had a return on equity of 16.70% and a net margin of 18.58%. The firm’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.38 EPS. On average, equities research analysts forecast that American Tower Corporation will post $3.04 EPS for the current year.

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

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A number of research firms have recently weighed in on AMT. Argus raised their price target on shares of American Tower Corporation (REIT) from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday. Zacks Investment Research upgraded 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. BidaskClub upgraded shares of American Tower Corporation (REIT) from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Cowen and Company reiterated a “buy” rating and issued a $155.00 price target on shares of American Tower Corporation (REIT) in a research report on Wednesday, July 19th. Finally, Deutsche Bank AG upped their price target on American Tower Corporation (REIT) from $145.00 to $157.00 and gave the company a “buy” rating in a research note on Friday, July 14th. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $142.67.

In other news, EVP Steven C. Marshall sold 20,548 shares of the stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $134.92, for a total transaction of $2,772,336.16. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Amit Sharma sold 61,096 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $126.57, for a total transaction of $7,732,920.72. Following the completion of the transaction, the executive vice president now owns 177,556 shares in the company, valued at approximately $22,473,262.92. The disclosure for this sale can be found here. Insiders have sold a total of 85,297 shares of company stock worth $10,975,069 over the last ninety days. 0.86% of the stock is owned by corporate 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.

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

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