Breton Hill Capital Ltd. Acquires Shares of 1,725 American Tower Corporation (REIT) (AMT)

Breton Hill Capital Ltd. acquired a new stake in shares of American Tower Corporation (REIT) (NYSE:AMT) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,725 shares of the real estate investment trust’s stock, valued at approximately $236,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in shares of American Tower Corporation (REIT) by 2.4% during the first quarter. Dimensional Fund Advisors LP now owns 173,964 shares of the real estate investment trust’s stock worth $21,140,000 after buying an additional 4,068 shares in the last quarter. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund grew its position in shares of American Tower Corporation (REIT) by 711.8% during the first quarter. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund now owns 141,072 shares of the real estate investment trust’s stock worth $17,146,000 after buying an additional 123,695 shares in the last quarter. Gareth Morgan Investments Limited Partnership acquired a new stake in shares of American Tower Corporation (REIT) during the first quarter worth approximately $12,258,000. HighTower Advisors LLC grew its position in shares of American Tower Corporation (REIT) by 48.7% during the first quarter. HighTower Advisors LLC now owns 87,360 shares of the real estate investment trust’s stock worth $10,606,000 after buying an additional 28,611 shares in the last quarter. Finally, Macquarie Group Ltd. grew its position in shares of American Tower Corporation (REIT) by 0.7% during the first quarter. Macquarie Group Ltd. now owns 862,349 shares of the real estate investment trust’s stock worth $104,806,000 after buying an additional 6,338 shares in the last quarter. Institutional investors own 92.04% of the company’s stock.

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

American Tower Corporation (NYSE AMT) traded up $0.96 during mid-day trading on Monday, reaching $151.50. The company’s 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. The company has a market capitalization of $64,559.98, a PE ratio of 23.30, a price-to-earnings-growth ratio of 1.77 and a beta of 0.74. American Tower Corporation has a 12 month low of $99.72 and a 12 month high of $155.28.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 17th. Shareholders of record on Friday, September 29th were paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 1.74%. This is a boost 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 dividend payout ratio (DPR) is presently 100.38%.

In other American Tower Corporation (REIT) news, Chairman James D. Taiclet, Jr. sold 34,000 shares of the firm’s stock in a transaction on 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 sale, the chairman now directly owns 304,707 shares in the company, valued at $42,476,155.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Edmund Disanto sold 10,000 shares of the firm’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $136.00, for a total value of $1,360,000.00. Following the completion of the sale, the executive vice president now owns 151,928 shares in the company, valued at $20,662,208. The disclosure for this sale can be found here. Insiders sold 113,747 shares of company stock worth $16,054,543 over the last quarter. 0.86% of the stock is currently owned by company insiders.

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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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