American Tower Co. (NYSE:AMT) Stock Position Increased by Account Management LLC

Account Management LLC lifted its holdings in shares of American Tower Co. (NYSE:AMT) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,050 shares of the real estate investment trust’s stock after buying an additional 125 shares during the quarter. American Tower makes up approximately 4.1% of Account Management LLC’s investment portfolio, making the stock its 8th largest position. Account Management LLC’s holdings in American Tower were worth $3,494,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Roxbury Financial LLC purchased a new stake in shares of American Tower in the 4th quarter valued at approximately $32,000. Legacy Investment Solutions LLC acquired a new stake in American Tower in the third quarter valued at approximately $34,000. Crowley Wealth Management Inc. acquired a new position in shares of American Tower during the fourth quarter worth $37,000. Bank of Jackson Hole Trust acquired a new stake in shares of American Tower during the 4th quarter worth about $46,000. Finally, Versant Capital Management Inc boosted its holdings in shares of American Tower by 113.9% in the 4th quarter. Versant Capital Management Inc now owns 261 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 139 shares in the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

Insider Buying and Selling at American Tower

In other American Tower news, CFO Rodney M. Smith sold 16,567 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $181.10, for a total value of $3,000,283.70. Following the transaction, the chief financial officer now directly owns 62,792 shares of the company’s stock, valued at $11,371,631.20. This represents a 20.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

American Tower Stock Down 1.6 %

NYSE:AMT opened at $209.44 on Wednesday. The company has a market cap of $97.90 billion, a PE ratio of 88.37, a PEG ratio of 1.29 and a beta of 0.85. The stock has a 50-day simple moving average of $197.32 and a 200 day simple moving average of $204.91. The company has a debt-to-equity ratio of 3.27, a quick ratio of 0.69 and a current ratio of 0.69. American Tower Co. has a 52-week low of $170.46 and a 52-week high of $243.56.

American Tower (NYSE:AMT) last announced its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $2.62 EPS for the quarter, topping analysts’ consensus estimates of $1.79 by $0.83. American Tower had a net margin of 10.05% and a return on equity of 22.01%. The business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.51 billion. During the same quarter in the previous year, the firm posted $2.29 earnings per share. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, sell-side analysts expect that American Tower Co. will post 10.14 EPS for the current fiscal year.

American Tower Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, April 11th will be issued a dividend of $1.70 per share. The ex-dividend date is Friday, April 11th. This is a positive change from American Tower’s previous quarterly dividend of $1.62. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.25%. American Tower’s payout ratio is presently 141.37%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AMT. Citizens Jmp upgraded American Tower to a “strong-buy” rating in a research note on Monday, January 27th. BMO Capital Markets upped their price target on shares of American Tower from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, February 26th. Hsbc Global Res raised American Tower to a “strong-buy” rating in a research note on Thursday, February 27th. Mizuho reduced their price target on American Tower from $221.00 to $204.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Finally, Barclays upped their price target on shares of American Tower from $214.00 to $223.00 and gave the stock an “overweight” rating in a research report on Friday, March 21st. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, American Tower presently has a consensus rating of “Buy” and a consensus price target of $229.43.

American Tower Company Profile

American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 224,000 communications sites and a highly interconnected footprint of U.S. data center facilities.