SG Americas Securities LLC increased its stake in shares of American Tower Corporation (REIT) (NYSE:AMT) by 256.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 266,031 shares of the real estate investment trust’s stock after buying an additional 191,474 shares during the quarter. SG Americas Securities LLC owned 0.06% of American Tower Corporation (REIT) worth $36,361,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in American Tower Corporation (REIT) by 3.2% in the second quarter. Vanguard Group Inc. now owns 28,442,502 shares of the real estate investment trust’s stock worth $3,763,512,000 after purchasing an additional 881,020 shares during the last quarter. Janus Henderson Group PLC boosted its position in American Tower Corporation (REIT) by 1,886.3% in the second quarter. Janus Henderson Group PLC now owns 7,468,416 shares of the real estate investment trust’s stock worth $988,214,000 after purchasing an additional 7,092,413 shares during the last quarter. Northern Trust Corp boosted its position in American Tower Corporation (REIT) by 9.2% in the second quarter. Northern Trust Corp now owns 6,566,346 shares of the real estate investment trust’s stock worth $868,858,000 after purchasing an additional 550,608 shares during the last quarter. Principal Financial Group Inc. boosted its position in American Tower Corporation (REIT) by 5.6% in the third quarter. Principal Financial Group Inc. now owns 3,164,598 shares of the real estate investment trust’s stock worth $432,537,000 after purchasing an additional 166,910 shares during the last quarter. Finally, Brookfield Asset Management Inc. boosted its position in American Tower Corporation (REIT) by 10.3% in the second quarter. Brookfield Asset Management Inc. now owns 2,628,643 shares of the real estate investment trust’s stock worth $347,822,000 after purchasing an additional 244,700 shares during the last quarter. Institutional investors and hedge funds own 92.04% of the company’s stock.

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In other American Tower Corporation (REIT) news, Chairman James D. Taiclet, Jr. sold 34,000 shares of the company’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $145.89, for a total value of $4,960,260.00. Following the transaction, the chairman now directly owns 304,707 shares in the company, valued at approximately $44,453,704.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Pamela D. A. Reeve sold 5,000 shares of the company’s stock in a transaction dated 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. Over the last quarter, insiders have sold 147,747 shares of company stock worth $21,195,343. 0.86% of the stock is currently owned by corporate insiders.

American Tower Corporation (NYSE AMT) traded down $0.56 during trading hours on Thursday, hitting $148.93. The company had a trading volume of 1,631,500 shares, compared to its average volume of 1,979,074. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.42 and a current ratio of 1.42. American Tower Corporation has a 12 month low of $99.72 and a 12 month high of $155.28. The company has a market cap of $64,109.68, a price-to-earnings ratio of 23.14, a price-to-earnings-growth ratio of 1.76 and a beta of 0.74.

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

Several research firms have weighed in on AMT. Argus boosted their price objective 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 boosted their price objective 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 reissued a “buy” rating and issued a $144.00 price objective on shares of American Tower Corporation (REIT) in a research report on Tuesday, September 12th. One investment analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. American Tower Corporation (REIT) currently has an average rating of “Buy” and a consensus price target of $157.00.

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.

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

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