American Tower Corporation (REIT) (AMT) Stake Increased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. boosted its stake in American Tower Corporation (REIT) (NYSE:AMT) by 7.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 59,671 shares of the real estate investment trust’s stock after buying an additional 3,949 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in American Tower Corporation (REIT) were worth $6,763,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Cohen & Steers Inc. boosted its position in shares of American Tower Corporation (REIT) by 50.7% in the second quarter. Cohen & Steers Inc. now owns 3,803,923 shares of the real estate investment trust’s stock valued at $77,904,000 after buying an additional 1,280,386 shares during the period. Hitchwood Capital Management LP bought a new position in American Tower Corporation (REIT) during the second quarter valued at $136,332,000. Capital Research Global Investors boosted its position in American Tower Corporation (REIT) by 98.7% in the second quarter. Capital Research Global Investors now owns 1,517,627 shares of the real estate investment trust’s stock valued at $172,418,000 after buying an additional 753,936 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in American Tower Corporation (REIT) by 310.8% in the third quarter. Canada Pension Plan Investment Board now owns 703,954 shares of the real estate investment trust’s stock valued at $79,779,000 after buying an additional 532,593 shares during the last quarter. Finally, Sarasin & Partners LLP boosted its position in American Tower Corporation (REIT) by 1,571.3% in the third quarter. Sarasin & Partners LLP now owns 391,767 shares of the real estate investment trust’s stock valued at $44,399,000 after buying an additional 368,326 shares during the last quarter. 92.72% of the stock is owned by institutional investors and hedge funds.

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

American Tower Corporation (NYSE:AMT) traded up 0.45% during midday trading on Wednesday, reaching $103.97. 930,683 shares of the company were exchanged. The stock has a market capitalization of $44.26 billion, a P/E ratio of 52.04 and a beta of 0.63. The firm’s 50 day moving average price is $105.10 and its 200-day moving average price is $111.24. American Tower Corporation has a 52 week low of $83.07 and a 52 week high of $118.26.

American Tower Corporation (REIT) (NYSE:AMT) last posted its earnings results on Thursday, October 27th. The real estate investment trust reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.03. The firm earned $1.52 billion during the quarter, compared to analyst estimates of $1.51 billion. American Tower Corporation (REIT) had a net margin of 17.37% and a return on equity of 14.05%. The business’s quarterly revenue was up 22.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.31 EPS. Equities analysts forecast that American Tower Corporation will post $2.09 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 13th. Stockholders of record on Wednesday, December 28th will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 2.24%. This is a positive change from American Tower Corporation (REIT)’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Friday, December 23rd. American Tower Corporation (REIT)’s payout ratio is 117.17%.

TRADEMARK VIOLATION WARNING: “American Tower Corporation (REIT) (AMT) Stake Increased by Nomura Asset Management Co. Ltd.” was first posted by Community Financial News and is the propert of of Community Financial News. If you are viewing this story on another site, it was copied illegally and reposted in violation of U.S. & international trademark & copyright legislation. The correct version of this story can be viewed at https://www.com-unik.info/2017/01/11/american-tower-corporation-reit-amt-stake-increased-by-nomura-asset-management-co-ltd.html.

AMT has been the subject of several research reports. Zacks Investment Research raised shares of American Tower Corporation (REIT) from a “hold” rating to a “strong-buy” rating and set a $129.00 price objective for the company in a report on Wednesday, September 28th. Stifel Nicolaus boosted their price objective on shares of American Tower Corporation (REIT) from $130.00 to $135.00 and gave the company a “buy” rating in a report on Monday, October 31st. Deutsche Bank AG reissued a “buy” rating and set a $135.00 price objective on shares of American Tower Corporation (REIT) in a report on Friday, November 4th. Macquarie initiated coverage on shares of American Tower Corporation (REIT) in a report on Tuesday, December 6th. They set an “outperform” rating and a $125.00 price objective for the company. Finally, Guggenheim initiated coverage on shares of American Tower Corporation (REIT) in a report on Thursday, December 15th. They set a “neutral” rating for the company. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $123.60.

In other news, Chairman James D. Taiclet, Jr. sold 40,625 shares of American Tower Corporation (REIT) stock in a transaction that occurred on Monday, October 17th. The shares were sold at an average price of $113.45, for a total transaction of $4,608,906.25. Following the completion of the transaction, the chairman now directly owns 267,142 shares of the company’s stock, valued at approximately $30,307,259.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Samme L. Thompson sold 2,202 shares of American Tower Corporation (REIT) stock in a transaction that occurred on Monday, October 24th. The shares were sold at an average price of $116.13, for a total transaction of $255,718.26. Following the transaction, the director now directly owns 16,063 shares of the company’s stock, valued at $1,865,396.19. The disclosure for this sale can be found here. Insiders own 0.95% of the company’s stock.

American Tower Corporation (REIT) Company Profile

American Tower Corporation is a holding company. The company owns, operates and develops wireless and broadcast communications real estate. Its primary business is leasing antenna space on multi-tenant communications sites to wireless service providers, radio and television broadcast companies, wireless data and data providers, government agencies and municipalities.

5 Day Chart for NYSE:AMT

What are top analysts saying about American Tower Corporation (REIT)? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for American Tower Corporation (REIT) and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit