Curi RMB Capital LLC Sells 15,089 Shares of American Tower Co. (NYSE:AMT)

Curi RMB Capital LLC lessened its position in American Tower Co. (NYSE:AMT - Free Report) by 16.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 77,637 shares of the real estate investment trust's stock after selling 15,089 shares during the quarter. Curi RMB Capital LLC's holdings in American Tower were worth $14,239,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of AMT. Roxbury Financial LLC bought a new stake in American Tower during the 4th quarter worth about $32,000. Graney & King LLC bought a new stake in shares of American Tower during the 4th quarter worth approximately $32,000. Crowley Wealth Management Inc. bought a new position in shares of American Tower in the fourth quarter valued at $37,000. Bank of Jackson Hole Trust acquired a new stake in American Tower in the fourth quarter valued at $46,000. Finally, Versant Capital Management Inc increased its stake in shares of American Tower by 113.9% during the 4th quarter. Versant Capital Management Inc now owns 261 shares of the real estate investment trust's stock worth $48,000 after purchasing an additional 139 shares during the last quarter. Institutional investors and hedge funds own 92.69% of the company's stock.

American Tower Trading Down 0.0 %

NYSE AMT traded down $0.03 during mid-day trading on Thursday, reaching $212.57. 1,245,104 shares of the stock were exchanged, compared to its average volume of 2,475,828. 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 stock has a 50 day simple moving average of $209.98 and a 200-day simple moving average of $202.42. American Tower Co. has a one year low of $170.46 and a one year high of $243.56. The stock has a market cap of $99.37 billion, a P/E ratio of 89.64, 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, analysts anticipate 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. Investors of record on Friday, April 11th will be issued a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date is Friday, April 11th. This is a positive change from American Tower's previous quarterly dividend of $1.62. American Tower's dividend payout ratio is currently 141.37%.

Analysts Set New Price Targets

AMT has been the topic of a number of recent analyst reports. Citizens Jmp raised American Tower to a "strong-buy" rating in a research report on Monday, January 27th. Morgan Stanley assumed coverage on shares of American Tower in a research report on Tuesday, April 1st. They set an "overweight" rating and a $250.00 price objective for the company. Barclays upped their price target on shares of American Tower from $214.00 to $223.00 and gave the company an "overweight" rating in a research note on Friday, March 21st. Citigroup upped their target price on American Tower from $220.00 to $235.00 and gave the company a "buy" rating in a research report on Monday, March 10th. Finally, Mizuho decreased their price objective on American Tower from $221.00 to $204.00 and set a "neutral" rating on the stock in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and an average price target of $233.07.

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 over 224,000 communications sites and a highly interconnected footprint of U.S. data center facilities.