Quantbot Technologies LP Has $3.34 Million Stock Position in American Tower Co. (NYSE:AMT)

Quantbot Technologies LP lifted its holdings in American Tower Co. (NYSE:AMT - Free Report) by 129.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,182 shares of the real estate investment trust's stock after acquiring an additional 10,256 shares during the period. Quantbot Technologies LP's holdings in American Tower were worth $3,335,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Millstone Evans Group LLC bought a new position in shares of American Tower in the fourth quarter worth $129,000. Loudon Investment Management LLC raised its position in shares of American Tower by 8.1% in the 4th quarter. Loudon Investment Management LLC now owns 12,733 shares of the real estate investment trust's stock valued at $2,335,000 after buying an additional 950 shares in the last quarter. Douglass Winthrop Advisors LLC lifted its holdings in shares of American Tower by 2.8% during the 4th quarter. Douglass Winthrop Advisors LLC now owns 5,377 shares of the real estate investment trust's stock worth $986,000 after acquiring an additional 144 shares during the period. HUB Investment Partners LLC boosted its position in shares of American Tower by 7.5% during the 4th quarter. HUB Investment Partners LLC now owns 22,513 shares of the real estate investment trust's stock worth $4,129,000 after acquiring an additional 1,574 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its stake in American Tower by 1.9% in the fourth quarter. Teacher Retirement System of Texas now owns 133,377 shares of the real estate investment trust's stock valued at $24,463,000 after acquiring an additional 2,494 shares during the last quarter. Institutional investors and hedge funds own 92.69% of the company's stock.

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American Tower Trading Up 2.1 %

Shares of NYSE:AMT traded up $4.36 during mid-day trading on Thursday, reaching $214.38. 2,458,406 shares of the company's stock were exchanged, compared to its average volume of 2,268,725. The firm 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 twelve month low of $170.46 and a twelve month high of $243.56. The business's fifty day moving average price is $197.91 and its 200-day moving average price is $204.94. 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 announced its earnings results on Tuesday, February 25th. The real estate investment trust reported $2.62 EPS for the quarter, topping the consensus estimate of $1.79 by $0.83. The firm had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.51 billion. American Tower had a return on equity of 22.01% and a net margin of 10.05%. The business's quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.29 EPS. On average, research analysts predict that American Tower Co. will post 10.14 EPS for the current fiscal 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 issued a $1.70 dividend. The ex-dividend date of this dividend is Friday, April 11th. 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%. American Tower's dividend payout ratio is presently 141.37%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on AMT shares. Barclays raised their target price on American Tower from $214.00 to $223.00 and gave the company an "overweight" rating in a report on Friday, March 21st. JMP Securities initiated coverage on American Tower in a research report on Monday, January 27th. They issued an "outperform" rating and a $225.00 target price on the stock. Citigroup increased their target price on shares of American Tower from $220.00 to $235.00 and gave the stock a "buy" rating in a report on Monday, March 10th. The Goldman Sachs Group decreased their price target on shares of American Tower from $260.00 to $234.00 and set a "buy" rating on the stock in a report on Thursday, December 12th. Finally, Mizuho dropped their price objective on shares of American Tower from $221.00 to $204.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $229.43.

Insiders Place Their Bets

In other news, CFO Rodney M. Smith sold 16,567 shares of the stock in a transaction on 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 sale, the chief financial officer now directly owns 62,792 shares in the company, valued at $11,371,631.20. This represents a 20.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.18% of the company's stock.

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.