Altshuler Shaham Ltd Takes Position in American Tower Co. (NYSE:AMT)

Altshuler Shaham Ltd bought a new position in American Tower Co. (NYSE:AMT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 5,750 shares of the real estate investment trust's stock, valued at approximately $1,055,000.

A number of other large investors have also made changes to their positions in the company. Glenview Trust co boosted its position in shares of American Tower by 0.8% during the fourth quarter. Glenview Trust co now owns 7,056 shares of the real estate investment trust's stock worth $1,294,000 after acquiring an additional 54 shares during the last quarter. CreativeOne Wealth LLC grew its stake in shares of American Tower by 2.1% during the fourth quarter. CreativeOne Wealth LLC now owns 2,601 shares of the real estate investment trust's stock worth $477,000 after acquiring an additional 54 shares during the last quarter. Precedent Wealth Partners LLC increased its position in American Tower by 4.7% during the 4th quarter. Precedent Wealth Partners LLC now owns 1,281 shares of the real estate investment trust's stock worth $235,000 after purchasing an additional 58 shares during the period. Resonant Capital Advisors LLC boosted its holdings in American Tower by 5.8% during the fourth quarter. Resonant Capital Advisors LLC now owns 1,113 shares of the real estate investment trust's stock worth $206,000 after buying an additional 61 shares in the last quarter. Finally, Calamos Wealth Management LLC raised its holdings in American Tower by 2.9% during the fourth quarter. Calamos Wealth Management LLC now owns 2,172 shares of the real estate investment trust's stock worth $398,000 after purchasing an additional 61 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AMT has been the topic of several recent research reports. Hsbc Global Res upgraded American Tower to a "strong-buy" rating in a research report on Thursday, February 27th. Barclays boosted their target price on shares of American Tower from $214.00 to $223.00 and gave the company an "overweight" rating in a report on Friday, March 21st. Scotiabank upped their price objective on American Tower from $220.00 to $234.00 and gave the stock a "sector outperform" rating in a report on Tuesday. BMO Capital Markets lifted their price target on shares of American Tower from $210.00 to $220.00 and gave the company an "outperform" rating in a research report on Wednesday, February 26th. Finally, Citizens Jmp raised American Tower to a "strong-buy" rating in a research report on Monday, January 27th. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, American Tower presently has a consensus rating of "Buy" and a consensus target price of $233.07.

American Tower Trading Up 1.1 %

Shares of AMT stock traded up $2.35 on Tuesday, hitting $220.34. The company had a trading volume of 1,129,012 shares, compared to its average volume of 2,816,893. 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 twelve month low of $170.46 and a twelve month high of $243.56. The stock's 50-day moving average is $208.90 and its two-hundred day moving average is $202.22. The firm has a market cap of $103.00 billion, a P/E ratio of 92.98, a P/E/G ratio of 1.29 and a beta of 0.87.

American Tower (NYSE:AMT - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $2.62 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $2.51 billion. During the same quarter in the previous year, the business posted $2.29 EPS. American Tower's revenue for the quarter was up 3.7% compared to the same quarter last year. On average, equities research analysts anticipate that American Tower Co. will post 10.14 earnings per share for the current fiscal year.

American Tower Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, April 11th will be paid a $1.70 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $6.80 annualized dividend and a yield of 3.09%. This is an increase from American Tower's previous quarterly dividend of $1.62. American Tower's dividend payout ratio (DPR) is currently 141.37%.

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.