Candriam Luxembourg S.C.A. Purchases 4,739 Shares of American Tower Corporation (REIT) (AMT)

Candriam Luxembourg S.C.A. boosted its position in American Tower Corporation (REIT) (NYSE:AMT) by 11.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,941 shares of the real estate investment trust’s stock after purchasing an additional 4,739 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in American Tower Corporation (REIT) were worth $6,416,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AMT. Janus Henderson Group PLC boosted its stake in American Tower Corporation (REIT) by 1,886.3% in the 2nd quarter. Janus Henderson Group PLC now owns 7,468,416 shares of the real estate investment trust’s stock valued at $988,214,000 after purchasing an additional 7,092,413 shares during the period. Dimensional Fund Advisors LP boosted its stake in American Tower Corporation (REIT) by 823.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,606,119 shares of the real estate investment trust’s stock valued at $212,525,000 after purchasing an additional 1,432,155 shares during the period. Vanguard Group Inc. boosted its stake in American Tower Corporation (REIT) by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 28,442,502 shares of the real estate investment trust’s stock valued at $3,763,512,000 after purchasing an additional 881,020 shares during the period. Prudential Financial Inc. boosted its stake in American Tower Corporation (REIT) by 56.7% in the 2nd quarter. Prudential Financial Inc. now owns 1,963,407 shares of the real estate investment trust’s stock valued at $259,798,000 after purchasing an additional 710,130 shares during the period. Finally, Winslow Capital Management LLC boosted its stake in American Tower Corporation (REIT) by 36.5% in the 2nd quarter. Winslow Capital Management LLC now owns 2,539,716 shares of the real estate investment trust’s stock valued at $336,055,000 after purchasing an additional 679,096 shares during the period. Institutional investors and hedge funds own 92.04% of the company’s stock.

Several research firms recently issued reports on AMT. Argus boosted their price target on American Tower Corporation (REIT) to $170.00 and gave the company a “buy” rating in a research note on Thursday. Zacks Investment Research downgraded American Tower Corporation (REIT) from a “buy” rating to a “hold” rating in a research note on Thursday. ValuEngine upgraded American Tower Corporation (REIT) from a “hold” rating to a “buy” rating in a research note on Friday. Jefferies Group LLC restated a “buy” rating and issued a $144.00 price target on shares of American Tower Corporation (REIT) in a research note on Tuesday, September 12th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $153.00 price target on shares of American Tower Corporation (REIT) in a research note on Friday, September 1st. One analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. American Tower Corporation (REIT) has an average rating of “Buy” and a consensus target price of $155.85.

American Tower Corporation (AMT) traded up $0.96 during trading on Monday, hitting $151.50. The stock had a trading volume of 452,682 shares, compared to its average volume of 1,979,064. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.42 and a quick ratio of 1.42. American Tower Corporation has a 12 month low of $99.72 and a 12 month high of $155.28. The firm has a market cap of $64,559.98, a PE ratio of 23.30, a P/E/G ratio of 1.77 and a beta of 0.74.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 17th. Stockholders of record on Friday, September 29th were issued a dividend of $0.66 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.74%. This is a boost from American Tower Corporation (REIT)’s previous quarterly dividend of $0.64. American Tower Corporation (REIT)’s payout ratio is 100.38%.

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, October 16th. The stock was sold at an average price of $139.40, for a total value of $4,739,600.00. Following the completion of the transaction, the chairman now owns 304,707 shares of the company’s stock, valued at approximately $42,476,155.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Edmund Disanto sold 10,000 shares of the company’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $136.00, for a total value of $1,360,000.00. Following the completion of the transaction, the executive vice president now directly owns 151,928 shares of the company’s stock, valued at approximately $20,662,208. The disclosure for this sale can be found here. Insiders have sold a total of 113,747 shares of company stock valued at $16,054,543 in the last three months. 0.86% of the stock is owned by insiders.

COPYRIGHT VIOLATION NOTICE: This news story was posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this news story on another site, it was copied illegally and republished in violation of United States & international copyright & trademark laws. The correct version of this news story can be viewed at https://www.chaffeybreeze.com/2017/11/13/candriam-luxembourg-s-c-a-purchases-4739-shares-of-american-tower-corporation-reit-amt.html.

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.

Want to see what other hedge funds are holding AMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Tower Corporation (REIT) (NYSE:AMT).

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

Receive News & Ratings for American Tower Corporation (REIT) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Tower Corporation (REIT) and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply