Capital Analysts LLC Has $9.33 Million Stock Holdings in American Tower Co. (NYSE:AMT)

Capital Analysts LLC lifted its stake in shares of American Tower Co. (NYSE:AMT - Free Report) by 19.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,877 shares of the real estate investment trust's stock after buying an additional 8,197 shares during the quarter. Capital Analysts LLC's holdings in American Tower were worth $9,331,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Glenview Trust co grew its holdings in shares of American Tower by 0.8% in the 4th 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 holdings in shares of American Tower by 2.1% in the 4th 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 grew its holdings in shares of American Tower by 4.7% in the 4th quarter. Precedent Wealth Partners LLC now owns 1,281 shares of the real estate investment trust's stock worth $235,000 after acquiring an additional 58 shares during the last quarter. Resonant Capital Advisors LLC grew its holdings in shares of American Tower by 5.8% in the 4th quarter. Resonant Capital Advisors LLC now owns 1,113 shares of the real estate investment trust's stock worth $206,000 after acquiring an additional 61 shares during the last quarter. Finally, Calamos Wealth Management LLC grew its holdings in shares of American Tower by 2.9% in the 4th quarter. Calamos Wealth Management LLC now owns 2,172 shares of the real estate investment trust's stock worth $398,000 after acquiring an additional 61 shares during the last quarter. Hedge funds and other institutional investors own 92.69% of the company's stock.

American Tower Stock Down 0.0 %

Shares of AMT stock traded down $0.01 on Monday, hitting $210.81. The company's stock had a trading volume of 3,390,231 shares, compared to its average volume of 2,489,122. The company has a debt-to-equity ratio of 3.27, a current ratio of 0.69 and a quick ratio of 0.69. American Tower Co. has a fifty-two week low of $170.46 and a fifty-two week high of $243.56. The firm's fifty day moving average price is $211.28 and its 200-day moving average price is $201.94. The stock has a market capitalization of $98.54 billion, a price-to-earnings ratio of 88.95, 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 (EPS) 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 business 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 earned $2.29 EPS. American Tower's quarterly revenue was up 3.7% compared to the same quarter last year. Research analysts anticipate that American Tower Co. will post 10.14 EPS for the current year.

American Tower Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, April 11th will be paid a $1.70 dividend. This represents a $6.80 annualized dividend and a dividend yield of 3.23%. The ex-dividend date of this dividend is Friday, April 11th. This is a positive change from American Tower's previous quarterly dividend of $1.62. American Tower's payout ratio is presently 141.37%.

Analysts Set New Price Targets

A number of research firms recently commented on AMT. Wells Fargo & Company raised shares of American Tower from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $210.00 to $230.00 in a research note on Monday, March 17th. Mizuho lowered their price target on American Tower from $221.00 to $204.00 and set a "neutral" rating on the stock in a report on Wednesday, January 8th. Morgan Stanley assumed coverage on American Tower in a research note on Tuesday, April 1st. They issued an "overweight" rating and a $250.00 price objective for the company. Citizens Jmp raised American Tower to a "strong-buy" rating in a research note on Monday, January 27th. Finally, Citigroup increased their price target on shares of American Tower from $220.00 to $235.00 and gave the stock a "buy" rating in a research report on Monday, March 10th. Two 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. Based on data from MarketBeat, American Tower presently has a consensus rating of "Buy" and an average target price of $233.07.

About American Tower

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.