Robeco Institutional Asset Management B.V. Sells 22,889 Shares of American Tower Co. (NYSE:AMT)

Robeco Institutional Asset Management B.V. cut its stake in American Tower Co. (NYSE:AMT - Free Report) by 10.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 198,810 shares of the real estate investment trust's stock after selling 22,889 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in American Tower were worth $36,464,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. State Street Corp lifted its stake in shares of American Tower by 3.1% in the third quarter. State Street Corp now owns 21,173,423 shares of the real estate investment trust's stock valued at $4,924,091,000 after buying an additional 635,726 shares during the period. Geode Capital Management LLC lifted its position in shares of American Tower by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 11,213,613 shares of the real estate investment trust's stock worth $2,599,074,000 after acquiring an additional 204,426 shares during the period. FMR LLC grew its holdings in shares of American Tower by 25.4% during the 3rd quarter. FMR LLC now owns 10,642,133 shares of the real estate investment trust's stock worth $2,474,934,000 after purchasing an additional 2,152,646 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of American Tower by 4.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,208,967 shares of the real estate investment trust's stock valued at $1,211,397,000 after purchasing an additional 243,061 shares during the period. Finally, Franklin Resources Inc. raised its stake in shares of American Tower by 0.9% in the third quarter. Franklin Resources Inc. now owns 4,422,273 shares of the real estate investment trust's stock valued at $981,455,000 after purchasing an additional 38,436 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

American Tower Trading Up 1.1 %

Shares of NYSE AMT opened at $185.71 on Friday. American Tower Co. has a 1-year low of $170.46 and a 1-year high of $243.56. The company has a 50-day moving average of $191.32 and a two-hundred day moving average of $210.78. The company has a market cap of $86.78 billion, a PE ratio of 78.36, a P/E/G ratio of 1.24 and a beta of 0.84. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 3.27.

American Tower (NYSE:AMT - Get Free Report) last posted 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 for the quarter, compared to analyst estimates of $2.77 billion. American Tower had a return on equity of 22.01% and a net margin of 10.05%. The firm's quarterly revenue was down 10.5% compared to the same quarter last year. During the same period in the prior year, the company posted $2.58 EPS. As a group, equities analysts expect that American Tower Co. will post 10.15 earnings per share for the current fiscal year.

American Tower Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, December 27th will be given a $1.62 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $6.48 dividend on an annualized basis and a yield of 3.49%. American Tower's payout ratio is 273.42%.

Insiders Place Their Bets

In other news, CFO Rodney M. Smith sold 16,567 shares of American Tower stock in a transaction that occurred 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 owns 62,792 shares in the company, valued at $11,371,631.20. The trade was a 20.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.18% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. 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. Mizuho lowered their target price on shares of American Tower from $221.00 to $204.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 8th. Wells Fargo & Company cut their price target on shares of American Tower from $215.00 to $195.00 and set an "equal weight" rating for the company in a research note on Thursday, January 23rd. JMP Securities began coverage on American Tower in a research note on Monday. They issued an "outperform" rating and a $225.00 price objective on the stock. Finally, Citizens Jmp raised American Tower to a "strong-buy" rating in a research note on Monday. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, American Tower has a consensus rating of "Moderate Buy" and an average target price of $226.23.

About American Tower

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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