State of Wisconsin Investment Board Has $73.50 Million Holdings in American Tower Corporation (REIT) (AMT)

State of Wisconsin Investment Board raised its position in shares of American Tower Corporation (REIT) (NYSE:AMT) by 4.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 537,736 shares of the real estate investment trust’s stock after purchasing an additional 21,492 shares during the quarter. State of Wisconsin Investment Board owned 0.13% of American Tower Corporation (REIT) worth $73,498,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of AMT. Vanguard Group Inc. lifted its holdings in shares of American Tower Corporation (REIT) by 3.2% in the second quarter. Vanguard Group Inc. now owns 28,442,502 shares of the real estate investment trust’s stock worth $3,763,512,000 after buying an additional 881,020 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of American Tower Corporation (REIT) by 1,886.3% in the second quarter. Janus Henderson Group PLC now owns 7,468,416 shares of the real estate investment trust’s stock worth $988,214,000 after buying an additional 7,092,413 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of American Tower Corporation (REIT) by 9.2% in the second quarter. Northern Trust Corp now owns 6,566,346 shares of the real estate investment trust’s stock worth $868,858,000 after buying an additional 550,608 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of American Tower Corporation (REIT) by 5.6% in the second quarter. Principal Financial Group Inc. now owns 2,997,688 shares of the real estate investment trust’s stock worth $396,655,000 after buying an additional 158,938 shares in the last quarter. Finally, Brookfield Asset Management Inc. lifted its holdings in shares of American Tower Corporation (REIT) by 10.3% in the second quarter. Brookfield Asset Management Inc. now owns 2,628,643 shares of the real estate investment trust’s stock worth $347,822,000 after buying an additional 244,700 shares in the last quarter. 92.01% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages recently weighed in on AMT. Jefferies Group LLC restated a “buy” rating and issued a $144.00 price target on shares of American Tower Corporation (REIT) in a research report on Tuesday, September 12th. Royal Bank Of Canada restated a “buy” rating and issued a $153.00 price target on shares of American Tower Corporation (REIT) in a research report on Friday, September 1st. UBS AG boosted their price target on shares of American Tower Corporation (REIT) from $150.00 to $163.00 and gave the stock a “buy” rating in a research report on Monday, September 11th. Citigroup Inc. boosted their price target on shares of American Tower Corporation (REIT) from $142.00 to $167.00 and gave the stock a “buy” rating in a research report on Monday, August 28th. Finally, BidaskClub upgraded shares of American Tower Corporation (REIT) from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Fifteen research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus target price of $154.31.

American Tower Corporation (AMT) traded up $8.81 during midday trading on Monday, hitting $150.91. 1,561,732 shares of the stock were exchanged, compared to its average volume of 2,008,583. 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 company has a market capitalization of $60,940.44, a PE ratio of 22.00, a PEG ratio of 1.67 and a beta of 0.74. American Tower Corporation has a 12-month low of $99.72 and a 12-month high of $148.71.

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 17th. Stockholders of record on Friday, September 29th were issued a $0.66 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This is a boost from American Tower Corporation (REIT)’s previous quarterly dividend of $0.64. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.75%. American Tower Corporation (REIT)’s dividend payout ratio is presently 100.38%.

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In related news, EVP Edmund Disanto sold 10,000 shares of the company’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $136.00, for a total value of $1,360,000.00. Following the completion of the sale, the executive vice president now directly owns 151,928 shares of the company’s stock, valued at $20,662,208. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman James D. Taiclet, Jr. sold 34,000 shares of the company’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $139.40, for a total transaction of $4,739,600.00. Following the completion of the sale, the chairman now directly owns 304,707 shares of the company’s stock, valued at $42,476,155.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 113,747 shares of company stock worth $16,054,543. Company insiders own 0.86% of the company’s stock.

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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