American Tower Corporation (REIT) (AMT) Position Increased by TCW Group Inc.

TCW Group Inc. increased its position in shares of American Tower Corporation (REIT) (NYSE:AMT) by 2.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,000,586 shares of the real estate investment trust’s stock after purchasing an additional 50,510 shares during the quarter. American Tower Corporation (REIT) makes up approximately 2.2% of TCW Group Inc.’s investment portfolio, making the stock its 4th largest position. TCW Group Inc. owned about 0.47% of American Tower Corporation (REIT) worth $273,441,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Janus Henderson Group PLC grew its holdings 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 buying an additional 7,092,413 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings 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 buying an additional 1,432,155 shares in the last quarter. Vanguard Group Inc. grew its holdings 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 buying an additional 881,020 shares in the last quarter. Prudential Financial Inc. grew its holdings 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 buying an additional 710,130 shares in the last quarter. Finally, Winslow Capital Management LLC grew its holdings 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 buying an additional 679,096 shares in the last quarter. Hedge funds and other institutional investors own 92.04% of the company’s stock.

In related news, EVP Amit Sharma sold 20,747 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 101,605 shares of the company’s stock, valued at approximately $14,191,170.35. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman James D. Taiclet, Jr. sold 34,000 shares of the 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 disclosure for this sale can be found here. In the last three months, insiders have sold 113,747 shares of company stock worth $16,054,543. 0.86% of the stock is owned by corporate insiders.

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American Tower Corporation (NYSE:AMT) traded down $0.50 on Tuesday, reaching $150.04. The company had a trading volume of 2,453,000 shares, compared to its average volume of 1,981,228. American Tower Corporation has a 1 year low of $99.72 and a 1 year high of $155.28. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.61. The firm has a market cap of $64,559.98, a price-to-earnings ratio of 23.30, a price-to-earnings-growth ratio of 1.77 and a beta of 0.74.

The company also recently announced 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 is a positive change from American Tower Corporation (REIT)’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $2.64 annualized dividend and a yield of 1.76%. American Tower Corporation (REIT)’s dividend payout ratio is presently 100.38%.

Several analysts have issued reports on the company. Cowen and Company restated a “buy” rating and issued a $155.00 target price on shares of American Tower Corporation (REIT) in a report on Wednesday, July 19th. Argus upped their target price on American Tower Corporation (REIT) to $170.00 and gave the company a “buy” rating in a report on Thursday, November 9th. Morgan Stanley upped their target price on American Tower Corporation (REIT) from $155.00 to $172.00 and gave the company an “overweight” rating in a report on Tuesday. Zacks Investment Research upgraded American Tower Corporation (REIT) from a “hold” rating to a “buy” rating and set a $152.00 target price for the company in a report on Thursday, August 3rd. Finally, Jefferies Group LLC upped their target price on American Tower Corporation (REIT) from $144.00 to $163.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. One analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average 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.

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

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