Natixis Advisors LLC Has $41.38 Million Stake in American Tower Co. (NYSE:AMT)

Natixis Advisors LLC raised its stake in American Tower Co. (NYSE:AMT - Free Report) by 20.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 177,947 shares of the real estate investment trust's stock after purchasing an additional 30,499 shares during the period. Natixis Advisors LLC's holdings in American Tower were worth $41,383,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Northcape Wealth Management LLC lifted its holdings in American Tower by 2.3% during the 3rd quarter. Northcape Wealth Management LLC now owns 10,620 shares of the real estate investment trust's stock valued at $2,470,000 after purchasing an additional 235 shares during the last quarter. Empowered Funds LLC grew its position in shares of American Tower by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 9,935 shares of the real estate investment trust's stock worth $2,310,000 after buying an additional 508 shares during the period. CIBC Asset Management Inc grew its position in shares of American Tower by 4.4% during the 3rd quarter. CIBC Asset Management Inc now owns 88,610 shares of the real estate investment trust's stock worth $20,607,000 after buying an additional 3,720 shares during the period. Impax Asset Management Group plc grew its position in shares of American Tower by 68.9% during the 3rd quarter. Impax Asset Management Group plc now owns 33,925 shares of the real estate investment trust's stock worth $7,890,000 after buying an additional 13,834 shares during the period. Finally, Nicola Wealth Management LTD. grew its position in shares of American Tower by 20.3% during the 3rd quarter. Nicola Wealth Management LTD. now owns 8,281 shares of the real estate investment trust's stock worth $1,926,000 after buying an additional 1,400 shares during the period. 92.69% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AMT. Mizuho lifted their price objective on shares of American Tower from $205.00 to $221.00 and gave the stock a "neutral" rating in a research note on Thursday, September 12th. TD Cowen boosted their target price on shares of American Tower from $226.00 to $239.00 and gave the stock a "buy" rating in a report on Wednesday, July 31st. Barclays decreased their price objective on shares of American Tower from $255.00 to $251.00 and set an "overweight" rating on the stock in a report on Monday. StockNews.com downgraded shares of American Tower from a "buy" rating to a "hold" rating in a report on Wednesday, October 30th. Finally, BMO Capital Markets decreased their price target on shares of American Tower from $255.00 to $245.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $235.54.

American Tower Price Performance

Shares of AMT stock traded up $2.39 on Monday, reaching $198.84. The company had a trading volume of 2,149,905 shares, compared to its average volume of 2,322,489. The stock has a market capitalization of $92.92 billion, a PE ratio of 83.34, a price-to-earnings-growth ratio of 1.31 and a beta of 0.84. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 3.27. American Tower Co. has a one year low of $170.46 and a one year high of $243.56. The business's 50-day moving average is $222.51 and its 200 day moving average is $211.10.

American Tower (NYSE:AMT - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.45 by ($1.56). The firm had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.77 billion. American Tower had a net margin of 10.05% and a return on equity of 22.01%. The business's quarterly revenue was down 10.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.58 EPS. Equities research analysts forecast that American Tower Co. will post 10.08 EPS for the current fiscal year.

American Tower Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Wednesday, October 9th were given a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date of this dividend was Wednesday, October 9th. American Tower's dividend payout ratio is presently 273.42%.

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.