American Tower Corporation (REIT) (AMT) Shares Obtained by Sei Investments Co.

American Tower Corporation (REIT) (AMT) Shares Obtained by Sei Investments Co.

Sei Investments Co. increased its position in American Tower Corporation (REIT) (NYSE:AMT) by 3.2% during the third quarter, Holdings Channel reports. The fund owned 535,388 shares of the real estate investment trust’s stock after buying an additional 16,493 shares during the period. Sei Investments Co. owned 0.13% of American Tower Corporation (REIT) worth $60,676,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of AMT. Cohen & Steers Inc. boosted its position in 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 worth $77,904,000 after buying an additional 1,280,386 shares during the last quarter. American Century Companies Inc. boosted its position in American Tower Corporation (REIT) by 7.8% in the second quarter. American Century Companies Inc. now owns 2,403,790 shares of the real estate investment trust’s stock worth $273,095,000 after buying an additional 173,514 shares during the last quarter. Mar Vista Investment Partners LLC boosted its position in American Tower Corporation (REIT) by 28.5% in the third quarter. Mar Vista Investment Partners LLC now owns 1,567,017 shares of the real estate investment trust’s stock worth $177,590,000 after buying an additional 347,987 shares during the last quarter. 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 worth $172,418,000 after buying an additional 753,936 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in American Tower Corporation (REIT) by 5.7% in the second quarter. Alliancebernstein L.P. now owns 1,486,084 shares of the real estate investment trust’s stock worth $168,834,000 after buying an additional 79,548 shares during the last quarter. Hedge funds and other institutional investors own 94.01% of the company’s stock.

American Tower Corporation (NYSE:AMT) traded up 0.204% during trading on Wednesday, reaching $103.711. 157,490 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $105.24 and a 200-day moving average of $110.26. The stock has a market capitalization of $44.15 billion, a PE ratio of 51.907 and a beta of 0.63. American Tower Corporation has a 52 week low of $83.07 and a 52 week high of $118.26.

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Wednesday, December 28th were given a dividend of $0.58 per share. The ex-dividend date of this dividend was Friday, December 23rd. This is an increase from American Tower Corporation (REIT)’s previous quarterly dividend of $0.55. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.24%. American Tower Corporation (REIT)’s payout ratio is currently 117.17%.

Several research analysts have issued reports on AMT shares. Zacks Investment Research upgraded shares of American Tower Corporation (REIT) from a “hold” rating to a “buy” rating and set a $118.00 target price on the stock in a report on Monday, November 14th. Stifel Nicolaus increased their target price on shares of American Tower Corporation (REIT) from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, October 31st. Deutsche Bank AG reiterated a “buy” rating and set a $135.00 target price on shares of American Tower Corporation (REIT) in a report on Friday, November 4th. Finally, Guggenheim started coverage on shares of American Tower Corporation (REIT) in a report on Thursday, December 15th. They set a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $123.60.

In other news, Chairman James D. Taiclet, Jr. sold 40,000 shares of the business’s stock in a transaction dated Tuesday, January 10th. The stock was sold at an average price of $104.13, for a total transaction of $4,165,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.95% of the company’s stock.

About American Tower Corporation (REIT)

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.

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