Dean Investment Associates LLC Sells 2,264 Shares of American Tower Co. (NYSE:AMT)

Dean Investment Associates LLC decreased its holdings in American Tower Co. (NYSE:AMT - Free Report) by 11.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 17,870 shares of the real estate investment trust's stock after selling 2,264 shares during the quarter. Dean Investment Associates LLC's holdings in American Tower were worth $3,278,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of AMT. Graney & King LLC purchased a new stake in shares of American Tower during the fourth quarter valued at $32,000. Roxbury Financial LLC acquired a new position in American Tower in the 4th quarter worth approximately $32,000. Crowley Wealth Management Inc. acquired a new stake in American Tower during the 4th quarter valued at $37,000. Bank of Jackson Hole Trust purchased a new stake in shares of American Tower in the fourth quarter valued at $46,000. Finally, Kestra Investment Management LLC acquired a new stake in shares of American Tower in the fourth quarter worth $48,000. Institutional investors own 92.69% of the company's stock.

American Tower Stock Performance

NYSE:AMT traded up $1.81 during trading hours on Tuesday, hitting $219.80. 1,258,937 shares of the company traded hands, compared to its average volume of 2,457,846. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 3.27. The stock has a market capitalization of $102.75 billion, a price-to-earnings ratio of 92.76, a P/E/G ratio of 1.29 and a beta of 0.87. The firm has a 50-day moving average of $208.90 and a 200 day moving average of $202.22. American Tower Co. has a twelve month low of $170.46 and a twelve month high of $243.56.

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

American Tower Increases Dividend

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

Analyst Ratings Changes

AMT has been the subject of a number of research reports. Citigroup raised their price objective on American Tower from $220.00 to $235.00 and gave the stock a "buy" rating in a research report on Monday, March 10th. Wells Fargo & Company upgraded shares of American Tower from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $210.00 to $230.00 in a research note on Monday, March 17th. JMP Securities started coverage on shares of American Tower in a research note on Monday, January 27th. They issued an "outperform" rating and a $225.00 price target on the stock. Hsbc Global Res upgraded American Tower to a "strong-buy" rating in a research note on Thursday, February 27th. Finally, Citizens Jmp raised American Tower to a "strong-buy" rating in a research note on Monday, January 27th. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, American Tower has a consensus rating of "Buy" and a consensus target price of $233.07.

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.