Gilder Gagnon Howe & Co. LLC decreased its position in American Tower Corporation (REIT) (NYSE:AMT) by 2.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 87,566 shares of the real estate investment trust’s stock after selling 2,150 shares during the quarter. Gilder Gagnon Howe & Co. LLC’s holdings in American Tower Corporation (REIT) were worth $11,969,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AMT. Dimensional Fund Advisors LP grew its stake in shares of American Tower Corporation (REIT) by 2.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 173,964 shares of the real estate investment trust’s stock valued at $21,140,000 after buying an additional 4,068 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in American Tower Corporation (REIT) during the first quarter worth approximately $4,862,000. Point72 Asia Hong Kong Ltd boosted its position in American Tower Corporation (REIT) by 108.5% during the first quarter. Point72 Asia Hong Kong Ltd now owns 4,522 shares of the real estate investment trust’s stock worth $550,000 after purchasing an additional 2,353 shares during the period. Bank of Nova Scotia boosted its position in American Tower Corporation (REIT) by 929.3% during the first quarter. Bank of Nova Scotia now owns 97,852 shares of the real estate investment trust’s stock worth $11,893,000 after purchasing an additional 88,345 shares during the period. Finally, Cambridge Trust Co. boosted its position in American Tower Corporation (REIT) by 1.4% during the first quarter. Cambridge Trust Co. now owns 5,601 shares of the real estate investment trust’s stock worth $681,000 after purchasing an additional 77 shares during the period. 92.04% of the stock is owned by institutional investors and hedge funds.

Shares of American Tower Corporation (AMT) traded down $0.55 during midday trading on Wednesday, hitting $149.49. The company had a trading volume of 1,854,700 shares, compared to its average volume of 1,980,653. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.61. The firm has a market capitalization of $63,090.00, a price-to-earnings ratio of 23.23, a price-to-earnings-growth ratio of 1.77 and a beta of 0.74. American Tower Corporation has a twelve month low of $99.72 and a twelve month high of $155.28.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 17th. Shareholders of record on Friday, September 29th were paid a dividend of $0.66 per share. This is a positive change from American Tower Corporation (REIT)’s previous quarterly dividend of $0.64. This represents a $2.64 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend was Thursday, September 28th. American Tower Corporation (REIT)’s dividend payout ratio is currently 100.38%.

In other news, EVP Amit Sharma sold 20,747 shares of the stock in a transaction on Friday, August 18th. The stock was sold at an average price of $139.67, for a total transaction of $2,897,733.49. Following the sale, the executive vice president now owns 101,605 shares in the company, valued at $14,191,170.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Pamela D. A. Reeve sold 5,000 shares of the 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 sale, the director now owns 17,758 shares in the company, valued at approximately $2,548,095.42. The disclosure for this sale can be found here. Insiders have sold 113,747 shares of company stock valued at $16,054,543 over the last quarter. Corporate insiders own 0.86% of the company’s stock.

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A number of equities research analysts have issued reports on the company. Argus upped their target price on American Tower Corporation (REIT) to $170.00 and gave the stock a “buy” rating in a research report on Thursday, November 9th. Zacks Investment Research cut American Tower Corporation (REIT) from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. ValuEngine raised American Tower Corporation (REIT) from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. Morgan Stanley upped their target price on American Tower Corporation (REIT) from $155.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $144.00 target price on shares of American Tower Corporation (REIT) in a research report on Tuesday, September 12th. One research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. American Tower Corporation (REIT) currently has an average rating of “Buy” and a consensus target price of $157.00.

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.

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

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