American Tower Corporation (REIT) (AMT) Shares Sold by Copeland Capital Management LLC

Copeland Capital Management LLC reduced its position in shares of American Tower Corporation (REIT) (NYSE:AMT) by 21.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 49,488 shares of the real estate investment trust’s stock after selling 13,914 shares during the period. Copeland Capital Management LLC’s holdings in American Tower Corporation (REIT) were worth $6,764,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. CIBC World Markets Inc. grew its holdings in shares of American Tower Corporation (REIT) by 100.6% during the second quarter. CIBC World Markets Inc. now owns 21,261 shares of the real estate investment trust’s stock worth $2,813,000 after purchasing an additional 10,663 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of American Tower Corporation (REIT) by 33.0% during the second quarter. Oppenheimer & Co. Inc. now owns 81,470 shares of the real estate investment trust’s stock worth $10,780,000 after purchasing an additional 20,222 shares during the last quarter. State of Tennessee Treasury Department grew its holdings in shares of American Tower Corporation (REIT) by 9.7% during the second quarter. State of Tennessee Treasury Department now owns 349,736 shares of the real estate investment trust’s stock worth $46,277,000 after purchasing an additional 30,885 shares during the last quarter. BTC Capital Management Inc. grew its holdings in shares of American Tower Corporation (REIT) by 1.3% during the second quarter. BTC Capital Management Inc. now owns 34,728 shares of the real estate investment trust’s stock worth $4,592,000 after purchasing an additional 453 shares during the last quarter. Finally, Motco grew its holdings in shares of American Tower Corporation (REIT) by 6.8% during the second quarter. Motco now owns 3,112 shares of the real estate investment trust’s stock worth $412,000 after purchasing an additional 199 shares during the last quarter. Institutional investors own 92.05% of the company’s stock.

Several research firms have recently weighed in on AMT. Cowen and Company restated a “buy” rating and set a $155.00 price target on shares of American Tower Corporation (REIT) in a report on Wednesday, July 19th. KeyCorp set a $156.00 price target on American Tower Corporation (REIT) and gave the stock a “buy” rating in a report on Wednesday. Zacks Investment Research upgraded American Tower Corporation (REIT) from a “hold” rating to a “buy” rating and set a $152.00 price target on the stock in a report on Thursday, August 3rd. BidaskClub upgraded American Tower Corporation (REIT) from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Finally, SunTrust Banks, Inc. restated a “buy” rating on shares of American Tower Corporation (REIT) in a report on Wednesday, September 20th. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $149.15.

Shares of American Tower Corporation (NYSE AMT) traded down 0.35% during trading on Wednesday, hitting $143.17. The stock had a trading volume of 269,358 shares. The stock has a market capitalization of $61.45 billion, a price-to-earnings ratio of 57.27 and a beta of 0.69. The firm has a 50 day moving average price of $139.32 and a 200-day moving average price of $135.24. American Tower Corporation has a 52 week low of $99.72 and a 52 week high of $148.71.

American Tower Corporation (REIT) (NYSE:AMT) last released its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $1.54 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.64 by ($0.10). American Tower Corporation (REIT) had a net margin of 18.58% and a return on equity of 16.70%. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the prior year, the firm earned $1.42 earnings per share. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, equities research analysts forecast that American Tower Corporation will post $3.04 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 17th. Shareholders of record on Friday, September 29th were paid a dividend of $0.66 per share. This is a boost 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 dividend on an annualized basis and a yield of 1.84%. American Tower Corporation (REIT)’s payout ratio is presently 106.02%.

In other American Tower Corporation (REIT) news, EVP Edmund Disanto sold 10,000 shares of American Tower Corporation (REIT) stock in a transaction on Friday, September 29th. The stock was sold at an average price of $136.00, for a total transaction of $1,360,000.00. Following the completion of the transaction, the executive vice president now owns 151,928 shares in the company, valued at $20,662,208. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman James D. Taiclet, Jr. sold 34,000 shares of American Tower Corporation (REIT) stock in a transaction on Monday, September 11th. The shares were sold at an average price of $145.89, for a total value of $4,960,260.00. Following the transaction, the chairman now owns 304,707 shares of the company’s stock, valued at approximately $44,453,704.23. The disclosure for this sale can be found here. Insiders have sold 113,747 shares of company stock valued at $16,054,543 in the last quarter. 0.86% of the stock is owned by company insiders.

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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.

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

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