Columbia Partners L L C Investment Management held its stake in American Tower Corporation (REIT) (NYSE:AMT) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 51,874 shares of the real estate investment trust’s stock at the end of the second quarter. American Tower Corporation (REIT) comprises 0.9% of Columbia Partners L L C Investment Management’s holdings, making the stock its 26th largest holding. Columbia Partners L L C Investment Management’s holdings in American Tower Corporation (REIT) were worth $6,863,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in AMT. Wellington Management Group LLP grew its holdings in American Tower Corporation (REIT) by 8.4% during 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 acquiring an additional 1,679,615 shares during the period. Vanguard Group Inc. grew its holdings in American Tower Corporation (REIT) by 3.8% during 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 acquiring an additional 1,008,946 shares during the period. Prudential Financial Inc. grew its holdings in American Tower Corporation (REIT) by 56.7% during the second quarter. Prudential Financial Inc. now owns 1,963,407 shares of the real estate investment trust’s stock worth $259,798,000 after acquiring an additional 710,130 shares during the period. Northwestern Mutual Investment Management Company LLC grew its holdings in American Tower Corporation (REIT) by 575.1% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 582,944 shares of the real estate investment trust’s stock worth $66,228,000 after acquiring an additional 496,589 shares during the period. Finally, Resolution Capital Ltd grew its holdings in American Tower Corporation (REIT) by 165.0% during the first quarter. Resolution Capital Ltd now owns 721,825 shares of the real estate investment trust’s stock worth $87,731,000 after acquiring an additional 449,410 shares during the period. 92.06% of the stock is currently owned by hedge funds and other institutional investors.

In related news, EVP Steven C. Marshall sold 20,548 shares of American Tower Corporation (REIT) stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $134.92, for a total value of $2,772,336.16. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Pamela D. A. Reeve sold 5,000 shares of American Tower Corporation (REIT) stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $143.49, for a total value of $717,450.00. Following the completion of the transaction, the director now owns 17,758 shares in the company, valued at $2,548,095.42. The disclosure for this sale can be found here. Insiders sold a total of 80,295 shares of company stock worth $11,347,780 over the last 90 days. Insiders own 0.86% of the company’s stock.

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Shares of American Tower Corporation (AMT) traded up 0.475% during mid-day trading on Monday, hitting $145.699. The stock had a trading volume of 397,587 shares. American Tower Corporation has a 12-month low of $99.72 and a 12-month high of $148.71. The company has a 50 day moving average price of $141.85 and a 200 day moving average price of $130.37. The firm has a market cap of $62.53 billion, a P/E ratio of 58.280 and a beta of 0.70.

American Tower Corporation (REIT) (NYSE:AMT) last issued its earnings results on Thursday, July 27th. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 business’s revenue was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.38 earnings per share. Equities analysts forecast that American Tower Corporation will post $3.02 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 17th. Investors of record on Friday, September 29th will be issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.82%. This is a boost from American Tower Corporation (REIT)’s previous quarterly dividend of $0.64. The ex-dividend date is Thursday, September 28th. American Tower Corporation (REIT)’s payout ratio is presently 102.81%.

Several research firms have weighed in on AMT. Jefferies Group LLC reissued a “buy” rating and issued a $144.00 target price on shares of American Tower Corporation (REIT) in a report on Tuesday, September 12th. UBS AG upped their target price on American Tower Corporation (REIT) from $150.00 to $163.00 and gave the company a “buy” rating in a report on Monday, September 11th. Royal Bank Of Canada reissued a “buy” rating and issued a $153.00 target price on shares of American Tower Corporation (REIT) in a report on Friday, September 1st. Citigroup Inc. upped their target price on American Tower Corporation (REIT) from $142.00 to $167.00 and gave the company a “buy” rating in a report on Monday, August 28th. Finally, BidaskClub raised American Tower Corporation (REIT) from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. Thirteen equities research analysts have rated the stock with a buy rating, American Tower Corporation (REIT) presently has an average rating of “Buy” and a consensus target price of $148.58.

American Tower Corporation (REIT) 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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