Retireful LLC Takes $2.26 Million Position in American Tower Co. (NYSE:AMT)

Retireful LLC acquired a new stake in American Tower Co. (NYSE:AMT) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 10,473 shares of the real estate investment trust’s stock, valued at approximately $2,261,000.

Several other large investors also recently made changes to their positions in AMT. Arlington Trust Co LLC acquired a new stake in shares of American Tower during the fourth quarter worth $243,000. DekaBank Deutsche Girozentrale grew its position in American Tower by 157.4% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 468,608 shares of the real estate investment trust’s stock valued at $101,489,000 after acquiring an additional 286,522 shares during the last quarter. Stratos Wealth Partners LTD. grew its position in American Tower by 1.9% in the fourth quarter. Stratos Wealth Partners LTD. now owns 24,497 shares of the real estate investment trust’s stock valued at $5,288,000 after acquiring an additional 453 shares during the last quarter. Grimes & Company Inc. bought a new stake in shares of American Tower during the fourth quarter worth about $207,000. Finally, CENTRAL TRUST Co grew its holdings in shares of American Tower by 45.6% during the fourth quarter. CENTRAL TRUST Co now owns 8,834 shares of the real estate investment trust’s stock worth $1,907,000 after purchasing an additional 2,766 shares during the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

Insiders Place Their Bets

In other news, Director Pamela D. A. Reeve sold 5,054 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $190.46, for a total value of $962,584.84. Following the completion of the transaction, the director now owns 18,545 shares of the company’s stock, valued at $3,532,080.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CFO Rodney M. Smith sold 11,510 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $205.71, for a total value of $2,367,722.10. Following the completion of the transaction, the chief financial officer now owns 62,969 shares of the company’s stock, valued at $12,953,352.99. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Pamela D. A. Reeve sold 5,054 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $190.46, for a total value of $962,584.84. Following the completion of the transaction, the director now directly owns 18,545 shares of the company’s stock, valued at approximately $3,532,080.70. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on AMT shares. JPMorgan Chase & Co. decreased their price objective on American Tower from $236.00 to $230.00 and set an “overweight” rating for the company in a report on Wednesday, February 28th. HSBC began coverage on American Tower in a report on Thursday, December 14th. They set a “buy” rating and a $245.00 price target for the company. Barclays upped their price objective on American Tower from $224.00 to $234.00 and gave the company an “overweight” rating in a research note on Tuesday, March 5th. BMO Capital Markets reduced their price objective on American Tower from $235.00 to $228.00 and set an “outperform” rating for the company in a research note on Wednesday, February 28th. Finally, StockNews.com downgraded American Tower from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $215.90.

American Tower Trading Down 0.1 %

NYSE AMT traded down $0.13 on Friday, hitting $190.17. The company’s stock had a trading volume of 2,538,725 shares, compared to its average volume of 2,066,702. The firm has a market cap of $88.69 billion, a P/E ratio of 59.80, a PEG ratio of 1.32 and a beta of 0.67. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 3.29. The company’s 50-day simple moving average is $195.10 and its 200 day simple moving average is $192.67. American Tower Co. has a 52-week low of $154.58 and a 52-week high of $219.10.

American Tower (NYSE:AMT) last announced its quarterly earnings results on Tuesday, February 27th. The real estate investment trust reported $0.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.10 by ($1.16). The business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.74 billion. American Tower had a net margin of 13.31% and a return on equity of 12.80%. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous year, the company earned $2.34 earnings per share. Research analysts predict that American Tower Co. will post 10.08 EPS for the current fiscal year.

American Tower Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 12th will be given a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date is Thursday, April 11th. American Tower’s payout ratio is 213.84%.

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.