American Tower Co. (NYSE:AMT) Shares Purchased by S.E.E.D. Planning Group LLC

S.E.E.D. Planning Group LLC increased its position in American Tower Co. (NYSE:AMT - Free Report) by 14.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,644 shares of the real estate investment trust's stock after acquiring an additional 3,460 shares during the period. American Tower makes up about 1.7% of S.E.E.D. Planning Group LLC's portfolio, making the stock its 25th biggest holding. S.E.E.D. Planning Group LLC's holdings in American Tower were worth $5,070,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Balentine LLC purchased a new position in shares of American Tower in the third quarter worth about $586,000. Nordea Investment Management AB raised its position in American Tower by 28.5% during the 4th quarter. Nordea Investment Management AB now owns 1,421,095 shares of the real estate investment trust's stock worth $260,743,000 after buying an additional 314,769 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in American Tower during the 3rd quarter valued at approximately $1,156,000. Czech National Bank boosted its holdings in shares of American Tower by 6.9% in the 3rd quarter. Czech National Bank now owns 95,149 shares of the real estate investment trust's stock valued at $22,128,000 after acquiring an additional 6,163 shares during the last quarter. Finally, Banque Cantonale Vaudoise increased its stake in shares of American Tower by 46.8% in the third quarter. Banque Cantonale Vaudoise now owns 25,715 shares of the real estate investment trust's stock worth $5,980,000 after acquiring an additional 8,195 shares during the period. Institutional investors and hedge funds own 92.69% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AMT. Wells Fargo & Company downgraded shares of American Tower from an "overweight" rating to an "equal weight" rating and decreased their target price for the company from $245.00 to $230.00 in a research report on Thursday, October 10th. BMO Capital Markets decreased their price objective on American Tower from $255.00 to $245.00 and set an "outperform" rating for the company in a report on Wednesday, October 30th. Mizuho dropped their target price on American Tower from $221.00 to $204.00 and set a "neutral" rating on the stock in a report on Wednesday, January 8th. Scotiabank decreased their price target on American Tower from $248.00 to $236.00 and set a "sector outperform" rating for the company in a report on Wednesday, October 30th. Finally, StockNews.com cut shares of American Tower from a "buy" rating to a "hold" rating in a research note on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, American Tower currently has an average rating of "Moderate Buy" and an average target price of $230.67.

American Tower Price Performance

Shares of NYSE:AMT traded up $2.40 during trading on Wednesday, reaching $181.20. The stock had a trading volume of 1,502,554 shares, compared to its average volume of 2,323,011. 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 Co. has a 1-year low of $170.46 and a 1-year high of $243.56. The stock has a market cap of $84.67 billion, a PE ratio of 76.46, a PEG ratio of 1.31 and a beta of 0.84. The business has a fifty day moving average price of $193.58 and a 200-day moving average price of $211.68.

American Tower (NYSE:AMT - Get Free Report) last released its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.89 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.45 by ($1.56). The business had revenue of $2.52 billion for the quarter, compared to analysts' expectations of $2.77 billion. American Tower had a return on equity of 22.01% and a net margin of 10.05%. American Tower's quarterly revenue was down 10.5% compared to the same quarter last year. During the same period in the previous year, the company earned $2.58 EPS. On average, equities analysts forecast that American Tower Co. will post 10.08 earnings per share for the current fiscal year.

American Tower Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, December 27th will be issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 3.58%. The ex-dividend date is Friday, December 27th. American Tower's dividend payout ratio is currently 273.42%.

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.