Partners Group Holding AG Has $69.44 Million Stock Holdings in American Tower Co. (NYSE:AMT)

Partners Group Holding AG raised its position in shares of American Tower Co. (NYSE:AMT - Free Report) by 8.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 378,592 shares of the real estate investment trust's stock after purchasing an additional 28,988 shares during the quarter. American Tower accounts for 2.5% of Partners Group Holding AG's investment portfolio, making the stock its 4th biggest holding. Partners Group Holding AG owned about 0.08% of American Tower worth $69,438,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Glenview Trust co boosted its holdings in shares of American Tower by 0.8% during the fourth quarter. Glenview Trust co now owns 7,056 shares of the real estate investment trust's stock worth $1,294,000 after purchasing an additional 54 shares during the period. Rehmann Capital Advisory Group lifted its position in American Tower by 4.2% in the 3rd quarter. Rehmann Capital Advisory Group now owns 1,426 shares of the real estate investment trust's stock worth $332,000 after buying an additional 58 shares in the last quarter. Precedent Wealth Partners LLC boosted its stake in shares of American Tower by 4.7% during the 4th quarter. Precedent Wealth Partners LLC now owns 1,281 shares of the real estate investment trust's stock valued at $235,000 after buying an additional 58 shares during the period. Resonant Capital Advisors LLC grew its holdings in shares of American Tower by 5.8% during the 4th quarter. Resonant Capital Advisors LLC now owns 1,113 shares of the real estate investment trust's stock valued at $206,000 after acquiring an additional 61 shares in the last quarter. Finally, Calamos Wealth Management LLC increased its stake in shares of American Tower by 2.9% in the fourth 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.

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American Tower Stock Performance

Shares of NYSE:AMT traded up $4.36 during midday trading on Thursday, hitting $214.38. The company's stock had a trading volume of 2,458,406 shares, compared to its average volume of 2,267,824. The company has a debt-to-equity ratio of 3.27, a quick ratio of 0.69 and a current ratio of 0.69. The stock's 50 day simple moving average is $198.39 and its 200 day simple moving average is $205.01. The stock has a market capitalization of $100.21 billion, a price-to-earnings ratio of 90.46, a PEG ratio of 1.29 and a beta of 0.85. American Tower Co. has a fifty-two week low of $170.46 and a fifty-two week 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 (EPS) for the quarter, beating 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 firm had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.51 billion. During the same quarter last year, the firm posted $2.29 EPS. The company's revenue was up 3.7% on a year-over-year basis. As a group, research analysts anticipate that American Tower Co. will post 10.14 earnings per share for the current year.

American Tower Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, April 11th will be paid a dividend of $1.70 per share. This is a boost from American Tower's previous quarterly dividend of $1.62. This represents a $6.80 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend is Friday, April 11th. American Tower's dividend payout ratio is presently 141.37%.

Analysts Set New Price Targets

AMT has been the subject of a number of research reports. Barclays lifted their price objective on American Tower from $214.00 to $223.00 and gave the company an "overweight" rating in a research report on Friday, March 21st. JMP Securities assumed coverage on American Tower in a report on Monday, January 27th. They set an "outperform" rating and a $225.00 price target for the company. BMO Capital Markets increased their price objective on American Tower from $210.00 to $220.00 and gave the stock an "outperform" rating in a report on Wednesday, February 26th. Morgan Stanley reduced their target price on shares of American Tower from $219.00 to $213.00 and set an "equal weight" rating for the company in a research note on Monday, February 24th. Finally, Wells Fargo & Company raised shares of American Tower from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $210.00 to $230.00 in a research report on Monday, March 17th. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $229.43.

Insider Buying and Selling at American Tower

In other news, CFO Rodney M. Smith sold 16,567 shares of the company's stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $181.10, for a total transaction of $3,000,283.70. Following the completion of the transaction, the chief financial officer now owns 62,792 shares of the company's stock, valued at approximately $11,371,631.20. This represents a 20.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.18% of the company's stock.

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.