LWM Advisory Services LLC Has $435,000 Stock Position in American Tower Co. (NYSE:AMT)

LWM Advisory Services LLC reduced its position in American Tower Co. (NYSE:AMT) by 6.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,382 shares of the real estate investment trust’s stock after selling 158 shares during the period. LWM Advisory Services LLC’s holdings in American Tower were worth $435,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Fortitude Family Office LLC raised its holdings in American Tower by 269.0% in the 3rd quarter. Fortitude Family Office LLC now owns 107 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 78 shares during the period. Hara Capital LLC bought a new position in American Tower in the 3rd quarter valued at about $31,000. Roxbury Financial LLC bought a new position in American Tower in the 4th quarter valued at about $32,000. Legacy Investment Solutions LLC bought a new position in American Tower in the 3rd quarter valued at about $34,000. Finally, Activest Wealth Management raised its holdings in American Tower by 431.0% in the 3rd quarter. Activest Wealth Management now owns 154 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 125 shares during the period. 92.69% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on AMT. JMP Securities began coverage on shares of American Tower in a report on Monday, January 27th. They issued an “outperform” rating and a $225.00 price target on the stock. Wells Fargo & Company lowered their target price on shares of American Tower from $215.00 to $195.00 and set an “equal weight” rating on the stock in a report on Thursday, January 23rd. The Goldman Sachs Group lowered their target price on shares of American Tower from $260.00 to $234.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. StockNews.com cut shares of American Tower from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, Citizens Jmp raised shares of American Tower to a “strong-buy” rating in a report on Monday, January 27th. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, American Tower presently has a consensus rating of “Moderate Buy” and an average target price of $225.79.

American Tower Stock Performance

Shares of American Tower stock opened at $191.32 on Friday. American Tower Co. has a fifty-two week low of $170.46 and a fifty-two week high of $243.56. The company has a debt-to-equity ratio of 3.27, a current ratio of 0.69 and a quick ratio of 0.69. The firm has a market capitalization of $89.40 billion, a P/E ratio of 80.73, a P/E/G ratio of 1.29 and a beta of 0.84. The company’s 50 day moving average price is $185.67 and its two-hundred day moving average price is $207.49.

American Tower Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, December 27th were given a $1.62 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $6.48 dividend on an annualized basis and a yield of 3.39%. American Tower’s dividend payout ratio is currently 273.42%.

Insider Buying and Selling at American Tower

In other American Tower news, CFO Rodney M. Smith sold 16,567 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief financial officer now owns 62,792 shares in the company, valued at $11,371,631.20. This trade represents a 20.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.18% of the company’s stock.

American Tower 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.