American Tower Corp (NYSE:AMT) Shares Bought by Capital International Sarl

Capital International Sarl raised its holdings in American Tower Corp (NYSE:AMT) by 9.1% in the 4th quarter, HoldingsChannel reports. The fund owned 27,191 shares of the real estate investment trust’s stock after acquiring an additional 2,263 shares during the period. Capital International Sarl’s holdings in American Tower were worth $6,249,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of AMT. State Street Corp raised its holdings in American Tower by 1.3% in the 3rd quarter. State Street Corp now owns 18,612,680 shares of the real estate investment trust’s stock valued at $4,133,390,000 after acquiring an additional 238,036 shares during the last quarter. Lowe Brockenbrough & Co. Inc. increased its holdings in shares of American Tower by 1.0% during the 3rd quarter. Lowe Brockenbrough & Co. Inc. now owns 40,279 shares of the real estate investment trust’s stock worth $8,907,000 after buying an additional 398 shares during the last quarter. Virtu Financial LLC increased its holdings in shares of American Tower by 181.4% during the 3rd quarter. Virtu Financial LLC now owns 11,398 shares of the real estate investment trust’s stock worth $2,520,000 after buying an additional 7,348 shares during the last quarter. Carnegie Capital Asset Management LLC increased its holdings in shares of American Tower by 0.3% during the 3rd quarter. Carnegie Capital Asset Management LLC now owns 104,600 shares of the real estate investment trust’s stock worth $23,130,000 after buying an additional 341 shares during the last quarter. Finally, JT Stratford LLC increased its holdings in shares of American Tower by 32.0% during the 3rd quarter. JT Stratford LLC now owns 1,465 shares of the real estate investment trust’s stock worth $324,000 after buying an additional 355 shares during the last quarter. Institutional investors own 92.24% of the company’s stock.

A number of research firms have recently commented on AMT. Citigroup upgraded American Tower from a “neutral” rating to a “buy” rating and set a $280.00 price objective for the company in a report on Thursday, March 5th. Raymond James raised shares of American Tower from a “market perform” rating to an “outperform” rating and set a $211.00 price target for the company in a research report on Thursday. Goldman Sachs Group raised shares of American Tower from a “neutral” rating to a “buy” rating and upped their price target for the stock from $204.00 to $270.00 in a research report on Monday, January 13th. New Street Research raised shares of American Tower from a “neutral” rating to a “buy” rating in a research report on Thursday, March 12th. Finally, Credit Suisse Group reaffirmed a “hold” rating and set a $265.00 price target on shares of American Tower in a research report on Wednesday, February 26th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $237.31.

NYSE:AMT traded up $17.17 on Thursday, reaching $216.43. The stock had a trading volume of 1,395,372 shares, compared to its average volume of 3,526,621. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 5.03. The company has a 50-day moving average of $235.54 and a 200 day moving average of $225.48. The stock has a market cap of $84.27 billion, a P/E ratio of 51.17, a price-to-earnings-growth ratio of 1.28 and a beta of 0.41. American Tower Corp has a 12-month low of $174.32 and a 12-month high of $258.62.

American Tower (NYSE:AMT) last posted its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.60). The firm had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.93 billion. American Tower had a net margin of 24.90% and a return on equity of 32.51%. The business’s quarterly revenue was down 9.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.62 earnings per share. On average, equities analysts predict that American Tower Corp will post 8.32 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 29th. Shareholders of record on Tuesday, April 14th will be given a $1.08 dividend. This is a boost from American Tower’s previous quarterly dividend of $1.01. This represents a $4.32 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date is Monday, April 13th. American Tower’s dividend payout ratio is presently 52.26%.

In other news, EVP Steven O. Vondran sold 1,261 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $229.68, for a total value of $289,626.48. Following the sale, the executive vice president now owns 28,705 shares in the company, valued at approximately $6,592,964.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Olivier Puech sold 313 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $228.56, for a total transaction of $71,539.28. Following the completion of the sale, the executive vice president now owns 18,723 shares in the company, valued at approximately $4,279,328.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,144 shares of company stock valued at $2,332,308. 0.75% of the stock is currently owned by corporate insiders.

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 approximately 171,000 communications sites.

Further Reading: Marijuana Stocks Investing Considerations

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

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