Quantbot Technologies LP Has $3.34 Million Stock Holdings in American Tower Co. (NYSE:AMT)

Quantbot Technologies LP boosted its stake in American Tower Co. (NYSE:AMT) by 129.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,182 shares of the real estate investment trust’s stock after buying an additional 10,256 shares during the quarter. Quantbot Technologies LP’s holdings in American Tower were worth $3,335,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMT. Commerce Bank lifted its position in American Tower by 1.4% in the 3rd quarter. Commerce Bank now owns 18,168 shares of the real estate investment trust’s stock worth $4,225,000 after buying an additional 245 shares in the last quarter. Jennison Associates LLC lifted its position in American Tower by 1.5% in the 3rd quarter. Jennison Associates LLC now owns 45,720 shares of the real estate investment trust’s stock worth $10,633,000 after buying an additional 687 shares in the last quarter. Moors & Cabot Inc. lifted its position in American Tower by 9.2% in the 3rd quarter. Moors & Cabot Inc. now owns 2,725 shares of the real estate investment trust’s stock worth $637,000 after buying an additional 229 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new stake in American Tower in the 3rd quarter worth approximately $364,000. Finally, Thompson Siegel & Walmsley LLC purchased a new stake in American Tower in the 3rd quarter worth approximately $233,000. Hedge funds and other institutional investors own 92.69% of the company’s stock.

American Tower Stock Performance

NYSE AMT opened at $216.41 on Friday. 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 $101.16 billion, a price-to-earnings ratio of 91.31, a P/E/G ratio of 1.29 and a beta of 0.85. The company’s fifty day moving average is $195.99 and its two-hundred day moving average is $205.43. American Tower Co. has a 52-week low of $170.46 and a 52-week high of $243.56.

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

American Tower Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, April 11th will be given a dividend of $1.70 per share. This is a positive change from American Tower’s previous quarterly dividend of $1.62. This represents a $6.80 annualized dividend and a dividend yield of 3.14%. The ex-dividend date is Friday, April 11th. American Tower’s payout ratio is 141.37%.

Insider Activity

In other news, CFO Rodney M. Smith sold 16,567 shares of American Tower stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $181.10, for a total transaction of $3,000,283.70. Following the sale, the chief financial officer now directly owns 62,792 shares in the company, valued at approximately $11,371,631.20. The trade was a 20.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

AMT has been the topic of a number of recent research reports. Hsbc Global Res upgraded shares of American Tower to a “strong-buy” rating in a report on Thursday, February 27th. Citizens Jmp upgraded shares of American Tower to a “strong-buy” rating in a report on Monday, January 27th. BMO Capital Markets raised 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. Mizuho cut their price target on shares of American Tower from $221.00 to $204.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Finally, Morgan Stanley cut their price target on shares of American Tower from $219.00 to $213.00 and set an “equal weight” rating on the stock in a report on Monday, February 24th. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, American Tower presently has an average rating of “Buy” and an average target price of $229.43.

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.