American Tower Co. (NYSE:AMT) Stock Position Boosted by Cbre Investment Management Listed Real Assets LLC

Cbre Investment Management Listed Real Assets LLC boosted its stake in shares of American Tower Co. (NYSE:AMT - Free Report) by 2.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 769,720 shares of the real estate investment trust's stock after acquiring an additional 18,555 shares during the period. American Tower comprises about 2.5% of Cbre Investment Management Listed Real Assets LLC's holdings, making the stock its 8th biggest holding. Cbre Investment Management Listed Real Assets LLC owned 0.16% of American Tower worth $141,174,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in AMT. Hara Capital LLC acquired a new stake in shares of American Tower in the third quarter valued at about $31,000. Legacy Investment Solutions LLC purchased a new stake in shares of American Tower in the third quarter valued at about $34,000. Activest Wealth Management grew its holdings in shares of American Tower by 431.0% in the third quarter. Activest Wealth Management now owns 154 shares of the real estate investment trust's stock valued at $36,000 after purchasing an additional 125 shares during the period. Roxbury Financial LLC purchased a new stake in shares of American Tower in the fourth quarter valued at about $32,000. Finally, Hobbs Group Advisors LLC grew its holdings in shares of American Tower by 51.0% in the third quarter. Hobbs Group Advisors LLC now owns 222 shares of the real estate investment trust's stock valued at $52,000 after purchasing an additional 75 shares during the period. 92.69% of the stock is currently owned by institutional investors and hedge funds.

American Tower Stock Up 0.9 %

NYSE:AMT traded up $1.89 during mid-day trading on Wednesday, hitting $209.01. The stock had a trading volume of 1,969,651 shares, compared to its average volume of 2,219,904. The stock has a 50-day simple moving average of $188.53 and a two-hundred day simple moving average of $206.45. The company has a market capitalization of $97.67 billion, a PE ratio of 88.19, a PEG ratio of 1.29 and a beta of 0.85. American Tower Co. has a twelve month low of $170.46 and a twelve month high of $243.56. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 3.27.

American Tower (NYSE:AMT - Get Free Report) last issued its earnings results 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. The firm had revenue of $2.55 billion for the quarter, compared to analysts' expectations of $2.51 billion. American Tower had a net margin of 10.05% and a return on equity of 22.01%. The firm's revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.29 earnings per share. On average, equities research analysts anticipate that American Tower Co. will post 10.14 EPS for the current year.

American Tower Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, December 27th were issued a $1.62 dividend. The ex-dividend date was Friday, December 27th. This represents a $6.48 annualized dividend and a yield of 3.10%. American Tower's dividend payout ratio (DPR) is 134.72%.

Insiders Place Their Bets

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 transaction of $3,000,283.70. Following the sale, the chief financial officer now owns 62,792 shares of the company's stock, valued at approximately $11,371,631.20. This trade represents a 20.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AMT. Mizuho dropped their price objective on shares of American Tower from $221.00 to $204.00 and set a "neutral" rating for the company in a report on Wednesday, January 8th. Barclays lowered their target price on shares of American Tower from $215.00 to $214.00 and set an "overweight" rating for the company in a research note on Tuesday, January 28th. JMP Securities assumed coverage on shares of American Tower in a research note on Monday, January 27th. They set an "outperform" rating and a $225.00 target price for the company. Wells Fargo & Company lowered their target price on shares of American Tower from $215.00 to $195.00 and set an "equal weight" rating for the company in a research note on Thursday, January 23rd. Finally, Hsbc Global Res raised shares of American Tower to a "strong-buy" rating in a research note on Thursday, February 27th. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $225.21.

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.