Winslow Evans & Crocker Inc. Has $2.71 Million Stake in American Tower Corp (NYSE:AMT)

Winslow Evans & Crocker Inc. decreased its holdings in American Tower Corp (NYSE:AMT) by 0.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,236 shares of the real estate investment trust’s stock after selling 64 shares during the quarter. American Tower accounts for about 0.8% of Winslow Evans & Crocker Inc.’s portfolio, making the stock its 25th largest holding. Winslow Evans & Crocker Inc.’s holdings in American Tower were worth $2,708,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in AMT. Nuveen Asset Management LLC increased its holdings in American Tower by 16,153.9% in the 2nd quarter. Nuveen Asset Management LLC now owns 3,848,439 shares of the real estate investment trust’s stock valued at $786,813,000 after buying an additional 3,824,762 shares during the period. BlackRock Inc. increased its holdings in American Tower by 4.0% in the 2nd quarter. BlackRock Inc. now owns 31,549,686 shares of the real estate investment trust’s stock valued at $6,450,332,000 after buying an additional 1,213,664 shares during the period. Prudential Financial Inc. increased its holdings in American Tower by 72.4% in the 2nd quarter. Prudential Financial Inc. now owns 1,445,399 shares of the real estate investment trust’s stock valued at $295,512,000 after buying an additional 607,026 shares during the period. APG Asset Management N.V. increased its holdings in American Tower by 24.2% in the 2nd quarter. APG Asset Management N.V. now owns 1,807,357 shares of the real estate investment trust’s stock valued at $324,477,000 after buying an additional 351,686 shares during the period. Finally, California Public Employees Retirement System increased its holdings in American Tower by 19.1% in the 2nd quarter. California Public Employees Retirement System now owns 2,061,930 shares of the real estate investment trust’s stock valued at $421,562,000 after buying an additional 331,035 shares during the period. 92.56% of the stock is currently owned by hedge funds and other institutional investors.

In other American Tower news, EVP Edmund Disanto sold 31,669 shares of the business’s stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $226.54, for a total transaction of $7,174,295.26. Following the sale, the executive vice president now directly owns 166,730 shares of the company’s stock, valued at approximately $37,771,014.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David E. Sharbutt sold 2,039 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $217.59, for a total transaction of $443,666.01. Following the sale, the director now directly owns 3,936 shares in the company, valued at $856,434.24. The disclosure for this sale can be found here. Insiders have sold a total of 199,901 shares of company stock worth $44,110,977 over the last three months. Insiders own 0.75% of the company’s stock.

Shares of American Tower stock traded down $2.30 during midday trading on Wednesday, hitting $221.91. 967,587 shares of the company traded hands, compared to its average volume of 1,639,164. The stock has a market cap of $99.36 billion, a price-to-earnings ratio of 27.77, a PEG ratio of 1.82 and a beta of 0.44. The company has a debt-to-equity ratio of 4.13, a quick ratio of 0.49 and a current ratio of 0.49. The firm’s fifty day moving average price is $225.16 and its 200-day moving average price is $210.71. American Tower Corp has a 12 month low of $142.69 and a 12 month high of $242.00.

American Tower (NYSE:AMT) last announced its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.87 by ($0.91). The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.83 billion. American Tower had a net margin of 19.30% and a return on equity of 24.75%. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period last year, the firm posted $1.74 earnings per share. Equities research analysts forecast that American Tower Corp will post 7.67 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Friday, September 27th will be issued a dividend of $0.95 per share. The ex-dividend date is Thursday, September 26th. This is a positive change from American Tower’s previous quarterly dividend of $0.92. This represents a $3.80 annualized dividend and a dividend yield of 1.71%. American Tower’s payout ratio is 47.56%.

Several research firms have commented on AMT. Zacks Investment Research raised shares of American Tower from a “hold” rating to a “buy” rating and set a $237.00 target price on the stock in a report on Tuesday, August 20th. SunTrust Banks raised their target price on shares of American Tower to $230.00 and gave the company a “buy” rating in a report on Thursday, August 1st. KeyCorp raised their target price on shares of American Tower from $225.00 to $253.00 and gave the company an “overweight” rating in a report on Monday, August 19th. Citigroup raised their target price on shares of American Tower from $236.00 to $240.00 and gave the company a “neutral” rating in a report on Wednesday, September 4th. Finally, Morgan Stanley raised their target price on shares of American Tower from $201.00 to $216.00 and gave the company an “equal weight” rating in a report on Thursday, September 19th. Eleven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $206.87.

American Tower Company 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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