Westpac Banking Corp Has $16.15 Million Stake in American Tower Corporation (REIT) (AMT)

Westpac Banking Corp grew its position in American Tower Corporation (REIT) (NYSE:AMT) by 2.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,128 shares of the real estate investment trust’s stock after buying an additional 2,494 shares during the period. Westpac Banking Corp’s holdings in American Tower Corporation (REIT) were worth $16,146,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of AMT. Janus Henderson Group PLC grew its stake in shares of 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 during the period. Dimensional Fund Advisors LP grew its stake in shares of 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 during the period. Vanguard Group Inc. grew its stake in shares of American Tower Corporation (REIT) by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 27,561,482 shares of the real estate investment trust’s stock valued at $3,349,823,000 after buying an additional 1,008,946 shares during the period. Prudential Financial Inc. grew its stake in shares of 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 during the period. Finally, Winslow Capital Management LLC grew its stake in shares of 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 during the period. 92.05% of the stock is owned by institutional investors and hedge funds.

American Tower Corporation (AMT) traded down 0.76% during midday trading on Wednesday, reaching $142.58. 834,492 shares of the company’s stock were exchanged. The firm has a market capitalization of $61.19 billion, a P/E ratio of 57.03 and a beta of 0.69. The stock’s 50 day moving average is $139.32 and its 200 day moving average is $135.24. American Tower Corporation has a 52 week low of $99.72 and a 52 week high of $148.71.

The firm 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 an increase from American Tower Corporation (REIT)’s previous quarterly dividend of $0.64. This represents a $2.64 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend was Thursday, September 28th. American Tower Corporation (REIT)’s payout ratio is currently 106.02%.

Several analysts have recently weighed in on the stock. Jefferies Group LLC reissued a “buy” rating and issued a $144.00 price target on shares of American Tower Corporation (REIT) in a research note on Tuesday, September 12th. Royal Bank Of Canada reissued a “buy” rating and issued a $153.00 price target on shares of American Tower Corporation (REIT) in a research note on Friday, September 1st. UBS AG increased their price target on shares of American Tower Corporation (REIT) from $150.00 to $163.00 and gave the company a “buy” rating in a research note on Monday, September 11th. Citigroup Inc. upped their price objective on shares of American Tower Corporation (REIT) from $142.00 to $167.00 and gave the stock a “buy” rating in a report on Monday, August 28th. Finally, BidaskClub upgraded shares of American Tower Corporation (REIT) from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. American Tower Corporation (REIT) currently has an average rating of “Buy” and a consensus target price of $152.23.

In other news, Chairman James D. Taiclet, Jr. sold 34,000 shares of the business’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $145.89, for a total transaction of $4,960,260.00. Following the transaction, the chairman now directly owns 304,707 shares of the company’s stock, valued at $44,453,704.23. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Amit Sharma sold 20,747 shares of the business’s stock in a transaction on 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 directly owns 101,605 shares in the company, valued at $14,191,170.35. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 113,747 shares of company stock valued at $16,054,543. 0.86% of the stock is owned by 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.

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

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