Partners Group Holding AG Grows Holdings in American Tower Co. (NYSE:AMT)

Partners Group Holding AG raised its holdings in American Tower Co. (NYSE:AMT - Free Report) by 2.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 349,604 shares of the real estate investment trust's stock after buying an additional 9,890 shares during the period. American Tower accounts for about 5.5% of Partners Group Holding AG's portfolio, making the stock its 3rd largest holding. Partners Group Holding AG owned about 0.07% of American Tower worth $81,304,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cultivar Capital Inc. bought a new stake in American Tower during the second quarter worth $25,000. Fortitude Family Office LLC lifted its stake in American Tower by 269.0% in the 3rd quarter. Fortitude Family Office LLC now owns 107 shares of the real estate investment trust's stock valued at $25,000 after purchasing an additional 78 shares during the last quarter. Fairscale Capital LLC bought a new position in American Tower during the second quarter worth about $27,000. Hobbs Group Advisors LLC acquired a new position in American Tower during the second quarter worth approximately $29,000. Finally, Northwest Investment Counselors LLC bought a new stake in American Tower in the third quarter valued at approximately $30,000. 92.69% of the stock is owned by institutional investors.

Analyst Ratings Changes

AMT has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their target price on American Tower from $240.00 to $250.00 and gave the stock an "overweight" rating in a report on Monday, September 23rd. Deutsche Bank Aktiengesellschaft raised their target price on shares of American Tower from $212.00 to $235.00 and gave the stock a "buy" rating in a research note on Wednesday, August 14th. Barclays lowered their price target on shares of American Tower from $255.00 to $251.00 and set an "overweight" rating on the stock in a report on Monday, November 18th. Wells Fargo & Company cut American Tower from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $245.00 to $230.00 in a report on Thursday, October 10th. Finally, Royal Bank of Canada increased their target price on American Tower from $225.00 to $236.00 and gave the stock an "outperform" rating in a research note on Thursday, August 15th. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $235.54.

American Tower Price Performance

AMT stock traded up $0.54 during mid-day trading on Tuesday, hitting $208.09. The stock had a trading volume of 1,791,434 shares, compared to its average volume of 2,324,273. The firm has a fifty day simple moving average of $218.10 and a 200 day simple moving average of $211.99. American Tower Co. has a 52 week low of $170.46 and a 52 week high of $243.56. 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 firm has a market capitalization of $97.24 billion, a P/E ratio of 87.59, a P/E/G ratio of 1.36 and a beta of 0.84.

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

American Tower Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Wednesday, October 9th were paid a $1.62 dividend. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 3.11%. American Tower's payout ratio is currently 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.