Linscomb & Williams Inc. raised its holdings in American Tower Corp (NYSE:AMT) by 0.9% in the first quarter, HoldingsChannel.com reports. The fund owned 9,959 shares of the real estate investment trust’s stock after buying an additional 87 shares during the quarter. Linscomb & Williams Inc.’s holdings in American Tower were worth $1,963,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in AMT. Vanguard Group Inc lifted its holdings in American Tower by 6.7% in the third quarter. Vanguard Group Inc now owns 56,635,438 shares of the real estate investment trust’s stock valued at $8,229,130,000 after acquiring an additional 3,579,249 shares during the period. We Are One Seven LLC acquired a new stake in American Tower in the fourth quarter valued at $143,000. UMB Bank N A MO lifted its holdings in American Tower by 59.3% in the fourth quarter. UMB Bank N A MO now owns 4,078 shares of the real estate investment trust’s stock valued at $645,000 after acquiring an additional 1,518 shares during the period. Congress Asset Management Co. MA lifted its holdings in American Tower by 3.3% in the fourth quarter. Congress Asset Management Co. MA now owns 62,058 shares of the real estate investment trust’s stock valued at $9,817,000 after acquiring an additional 2,001 shares during the period. Finally, Dorsey & Whitney Trust CO LLC lifted its holdings in American Tower by 1.9% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 7,321 shares of the real estate investment trust’s stock valued at $1,158,000 after acquiring an additional 139 shares during the period. 94.23% of the stock is owned by institutional investors.

In related news, CEO James D. Taiclet, Jr. sold 11,863 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $195.88, for a total value of $2,323,724.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joann A. Reed sold 1,538 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $175.61, for a total transaction of $270,088.18. The disclosure for this sale can be found here. Insiders sold a total of 215,986 shares of company stock valued at $41,954,910 in the last three months. 0.75% of the stock is currently owned by corporate insiders.

A number of research firms have commented on AMT. KeyCorp raised their target price on American Tower from $170.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday, February 12th. Royal Bank of Canada lifted their price target on American Tower from $195.00 to $203.00 and gave the stock an “outperform” rating in a research note on Thursday, May 9th. SunTrust Banks lifted their price target on American Tower to $210.00 and gave the stock a “positive” rating in a research note on Monday, May 6th. Morgan Stanley lifted their price target on American Tower from $185.00 to $201.00 and gave the stock an “equal weight” rating in a research note on Monday, May 20th. Finally, Edward Jones downgraded American Tower from a “buy” rating to a “hold” rating in a research note on Wednesday, March 13th. Twelve research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $181.44.

NYSE:AMT opened at $203.00 on Friday. The firm has a market cap of $89.73 billion, a PE ratio of 25.41, a PEG ratio of 1.62 and a beta of 0.66. The company has a debt-to-equity ratio of 4.31, a current ratio of 0.50 and a quick ratio of 0.50. American Tower Corp has a 52-week low of $134.87 and a 52-week high of $203.38.

American Tower (NYSE:AMT) last released its quarterly earnings results on Friday, May 3rd. The real estate investment trust reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.04. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.80 billion. American Tower had a return on equity of 22.61% and a net margin of 17.95%. The business’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.63 EPS. On average, analysts expect that American Tower Corp will post 7.51 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Wednesday, June 19th will be paid a $0.92 dividend. This is an increase from American Tower’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $3.68 annualized dividend and a yield of 1.81%. American Tower’s payout ratio is presently 45.06%.

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American Tower Profile

American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of approximately 171,000 communications sites.

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

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