Natural Investments LLC Buys Shares of 16,318 American Tower Co. (NYSE:AMT)

Natural Investments LLC bought a new stake in American Tower Co. (NYSE:AMT - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 16,318 shares of the real estate investment trust's stock, valued at approximately $2,992,000. American Tower comprises approximately 0.8% of Natural Investments LLC's holdings, making the stock its 26th biggest holding.

Other institutional investors have also made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new position in American Tower during the 3rd quarter valued at about $34,000. Activest Wealth Management increased its stake in American Tower by 431.0% during the 3rd quarter. Activest Wealth Management now owns 154 shares of the real estate investment trust's stock worth $36,000 after buying an additional 125 shares during the period. Roxbury Financial LLC acquired a new stake in American Tower during the 4th quarter worth approximately $32,000. Hobbs Group Advisors LLC boosted its position in American Tower by 51.0% in the 3rd quarter. Hobbs Group Advisors LLC now owns 222 shares of the real estate investment trust's stock valued at $52,000 after buying an additional 75 shares during the period. Finally, Larson Financial Group LLC raised its stake in shares of American Tower by 49.3% in the third quarter. Larson Financial Group LLC now owns 227 shares of the real estate investment trust's stock valued at $53,000 after acquiring an additional 75 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at American Tower

In related news, CFO Rodney M. Smith sold 16,567 shares of the business'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 value of $3,000,283.70. Following the completion of the sale, the chief financial officer now directly owns 62,792 shares in the company, valued at approximately $11,371,631.20. The trade was 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 the SEC website. Insiders own 0.18% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AMT. Citigroup raised their target price on shares of American Tower from $220.00 to $235.00 and gave the company a "buy" rating in a report on Monday. Barclays reduced their price objective on shares of American Tower from $215.00 to $214.00 and set an "overweight" rating for the company in a research report on Tuesday, January 28th. JMP Securities began coverage on shares of American Tower in a research report on Monday, January 27th. They issued an "outperform" rating and a $225.00 price target for the company. Scotiabank cut their target price on American Tower from $236.00 to $220.00 and set a "sector outperform" rating on the stock in a research report on Thursday, January 23rd. Finally, BMO Capital Markets upped their target price on American Tower from $210.00 to $220.00 and gave the company an "outperform" rating in a research report on Wednesday, February 26th. Four 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $226.29.

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American Tower Trading Up 0.5 %

NYSE:AMT opened at $213.42 on Tuesday. The stock has a market capitalization of $99.77 billion, a price-to-earnings ratio of 90.05, a PEG ratio of 1.29 and a beta of 0.85. American Tower Co. has a 1 year low of $170.46 and a 1 year high of $243.56. The stock has a fifty day moving average price of $190.23 and a two-hundred day moving average price of $206.16. The company has a debt-to-equity ratio of 3.27, a quick ratio of 0.69 and a current ratio of 0.69.

American Tower (NYSE:AMT - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $2.62 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 for the quarter, compared to analyst estimates of $2.51 billion. During the same period in the prior year, the business earned $2.29 earnings per share. The company's quarterly revenue was up 3.7% on a year-over-year basis. As a group, sell-side analysts anticipate that American Tower Co. will post 10.14 earnings per share for the current fiscal 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. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.19%. 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%.

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.

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