Transatlantique Private Wealth LLC cut its holdings in American Tower Co. (NYSE:AMT - Free Report) by 57.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,279 shares of the real estate investment trust's stock after selling 1,719 shares during the quarter. Transatlantique Private Wealth LLC's holdings in American Tower were worth $235,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of AMT. Roxbury Financial LLC bought a new position in American Tower in the 4th quarter valued at approximately $32,000. Graney & King LLC bought a new stake in shares of American Tower in the fourth quarter worth $32,000. Crowley Wealth Management Inc. acquired a new stake in American Tower in the fourth quarter valued at $37,000. Bank of Jackson Hole Trust acquired a new stake in American Tower in the fourth quarter valued at $46,000. Finally, Versant Capital Management Inc raised its position in American Tower by 113.9% during the 4th quarter. Versant Capital Management Inc now owns 261 shares of the real estate investment trust's stock worth $48,000 after purchasing an additional 139 shares during the last quarter. Institutional investors and hedge funds own 92.69% of the company's stock.
American Tower Stock Performance
Shares of AMT traded down $0.27 during mid-day trading on Friday, hitting $210.64. The stock had a trading volume of 2,464,484 shares, compared to its average volume of 2,479,894. American Tower Co. has a 52 week low of $170.46 and a 52 week high of $243.56. The company has a debt-to-equity ratio of 3.27, a current ratio of 0.69 and a quick ratio of 0.69. The business has a fifty day moving average price of $210.41 and a 200-day moving average price of $202.33. The firm has a market cap of $98.47 billion, a P/E ratio of 88.88, a PEG ratio of 1.29 and a beta of 0.87.
American Tower (NYSE:AMT - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $2.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.83. American Tower had a net margin of 10.05% and a return on equity of 22.01%. The company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.51 billion. During the same quarter in the previous year, the firm posted $2.29 earnings per share. The company's quarterly revenue was up 3.7% compared to the same quarter last year. On average, equities research analysts expect that American Tower Co. will post 10.14 EPS for the current year.
American Tower Increases Dividend
The business also recently disclosed 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 represents a $6.80 dividend on an annualized basis and a dividend yield of 3.23%. This is a positive change from American Tower's previous quarterly dividend of $1.62. The ex-dividend date of this dividend is Friday, April 11th. American Tower's payout ratio is presently 141.37%.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on AMT shares. Barclays increased their price target on American Tower from $214.00 to $223.00 and gave the company an "overweight" rating in a research note on Friday, March 21st. Morgan Stanley assumed coverage on shares of American Tower in a research report on Tuesday, April 1st. They set an "overweight" rating and a $250.00 price objective for the company. Citigroup upped their price target on shares of American Tower from $220.00 to $235.00 and gave the company a "buy" rating in a research report on Monday, March 10th. BMO Capital Markets boosted their price objective on American Tower from $210.00 to $220.00 and gave the company an "outperform" rating in a research note on Wednesday, February 26th. Finally, Hsbc Global Res upgraded American Tower to a "strong-buy" rating in a research report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $233.07.
Read Our Latest Stock Analysis on AMT
American Tower Company Profile
(
Free Report)
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.
Featured Stories
Before you consider American Tower, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and American Tower wasn't on the list.
While American Tower currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
