Janus Henderson Group PLC boosted its position in shares of American Tower Corporation (REIT) (NYSE:AMT) by 1,886.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,468,416 shares of the real estate investment trust’s stock after buying an additional 7,092,413 shares during the period. American Tower Corporation (REIT) makes up approximately 0.7% of Janus Henderson Group PLC’s investment portfolio, making the stock its 18th largest position. Janus Henderson Group PLC owned about 1.74% of American Tower Corporation (REIT) worth $988,214,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Alexandria Capital LLC raised its holdings in shares of American Tower Corporation (REIT) by 0.5% during the 2nd quarter. Alexandria Capital LLC now owns 812 shares of the real estate investment trust’s stock worth $107,000 after buying an additional 4 shares in the last quarter. Cornerstone Advisors Inc. lifted its position in shares of American Tower Corporation (REIT) by 1.2% during the 2nd quarter. Cornerstone Advisors Inc. now owns 1,235 shares of the real estate investment trust’s stock worth $163,000 after buying an additional 15 shares during the last quarter. Baxter Bros Inc. lifted its position in shares of American Tower Corporation (REIT) by 0.4% during the 2nd quarter. Baxter Bros Inc. now owns 3,470 shares of the real estate investment trust’s stock worth $459,000 after buying an additional 15 shares during the last quarter. Guardian Life Insurance Co. of America lifted its position in shares of American Tower Corporation (REIT) by 1.2% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,650 shares of the real estate investment trust’s stock worth $201,000 after buying an additional 19 shares during the last quarter. Finally, HL Financial Services LLC lifted its position in shares of American Tower Corporation (REIT) by 0.5% during the 2nd quarter. HL Financial Services LLC now owns 3,675 shares of the real estate investment trust’s stock worth $486,000 after buying an additional 19 shares during the last quarter. Hedge funds and other institutional investors own 92.07% of the company’s stock.

AMT has been the topic of several research analyst reports. Citigroup Inc. raised their price objective on American Tower Corporation (REIT) from $142.00 to $167.00 and gave the company a “buy” rating in a research note on Monday, August 28th. Zacks Investment Research raised American Tower Corporation (REIT) from a “sell” rating to a “hold” rating and set a $153.00 target price for the company in a research note on Thursday, July 27th. 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. Deutsche Bank AG increased their target price on shares of American Tower Corporation (REIT) from $145.00 to $157.00 and gave the stock a “buy” rating in a report on Friday, July 14th. Finally, Argus raised their price target on shares of American Tower Corporation (REIT) from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, August 3rd. One research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $148.58.

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Shares of American Tower Corporation (AMT) traded up 1.38% during trading on Wednesday, hitting $138.54. The stock had a trading volume of 701,566 shares. The company has a market capitalization of $59.46 billion, a PE ratio of 55.42 and a beta of 0.69. American Tower Corporation has a 52 week low of $99.72 and a 52 week high of $148.71. The firm has a 50-day moving average price of $142.07 and a 200 day moving average price of $132.65.

American Tower Corporation (REIT) (NYSE:AMT) last posted its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.80 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the previous year, the company earned $1.38 EPS. The business’s quarterly revenue was up 15.3% on a year-over-year basis. Equities analysts anticipate that American Tower Corporation will post $3.02 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 17th. Investors of record on Friday, September 29th will be given a $0.66 dividend. The ex-dividend date is Thursday, September 28th. This is a boost from American Tower Corporation (REIT)’s previous quarterly dividend of $0.64. This represents a $2.64 annualized dividend and a yield of 1.93%. American Tower Corporation (REIT)’s dividend payout ratio is 106.02%.

In other news, EVP Amit Sharma sold 20,747 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $139.67, for a total transaction of $2,897,733.49. Following the completion of the transaction, the executive vice president now directly owns 101,605 shares of the company’s stock, valued at $14,191,170.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Pamela D. A. Reeve sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $143.49, for a total transaction of $717,450.00. Following the transaction, the director now directly owns 17,758 shares of the company’s stock, valued at $2,548,095.42. The disclosure for this sale can be found here. Insiders sold a total of 79,747 shares of company stock worth $11,314,943 over the last ninety days. 0.86% of the stock is currently owned by insiders.

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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