Vinva Investment Management Ltd Acquires 1,439 Shares of American Tower Co. (NYSE:AMT)

Vinva Investment Management Ltd raised its holdings in shares of American Tower Co. (NYSE:AMT - Free Report) by 5.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,600 shares of the real estate investment trust's stock after acquiring an additional 1,439 shares during the period. Vinva Investment Management Ltd's holdings in American Tower were worth $4,839,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. FMR LLC increased its stake in shares of American Tower by 25.4% during the third quarter. FMR LLC now owns 10,642,133 shares of the real estate investment trust's stock valued at $2,474,934,000 after acquiring an additional 2,152,646 shares during the period. Adelante Capital Management LLC increased its position in shares of American Tower by 2,723.4% during the 3rd quarter. Adelante Capital Management LLC now owns 1,203,517 shares of the real estate investment trust's stock valued at $279,890,000 after purchasing an additional 1,160,890 shares during the period. Raymond James Financial Inc. bought a new stake in shares of American Tower in the 4th quarter worth $193,246,000. Daiwa Securities Group Inc. lifted its holdings in shares of American Tower by 456.9% in the fourth quarter. Daiwa Securities Group Inc. now owns 1,124,633 shares of the real estate investment trust's stock valued at $206,269,000 after buying an additional 922,701 shares during the period. Finally, State Street Corp boosted its stake in American Tower by 3.1% during 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 in the last quarter. Institutional investors and hedge funds own 92.69% of the company's stock.

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Analysts Set New Price Targets

AMT has been the topic of several research reports. Citigroup boosted their price target on shares of American Tower from $220.00 to $235.00 and gave the stock a "buy" rating in a research report on Monday, March 10th. JMP Securities began coverage on shares of American Tower in a report on Monday, January 27th. They issued an "outperform" rating and a $225.00 target price on the stock. Barclays raised their target price on shares of American Tower from $214.00 to $223.00 and gave the stock an "overweight" rating in a report on Friday. Wells Fargo & Company raised American Tower from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $210.00 to $230.00 in a report on Monday, March 17th. Finally, The Goldman Sachs Group cut their price objective on American Tower from $260.00 to $234.00 and set a "buy" rating for the company in a research report on Thursday, December 12th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $229.43.

American Tower Stock Down 1.6 %

NYSE:AMT traded down $3.48 on Monday, hitting $212.75. 2,879,869 shares of the company's stock traded hands, compared to its average volume of 2,269,025. The company has a market cap of $99.45 billion, a PE ratio of 89.77, a price-to-earnings-growth ratio of 1.29 and a beta of 0.85. American Tower Co. has a 1 year low of $170.46 and a 1 year 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 50-day moving average price of $195.99 and a 200-day moving average price of $205.24.

American Tower (NYSE:AMT - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $2.62 EPS for the quarter, beating analysts' consensus estimates of $1.79 by $0.83. American Tower had a net margin of 10.05% and a return on equity of 22.01%. The firm had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same period in the previous year, the firm posted $2.29 earnings per share. The firm's revenue was up 3.7% on a year-over-year basis. Equities analysts anticipate that American Tower Co. will post 10.14 EPS for the current fiscal year.

American Tower Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, April 11th will be given a dividend of $1.70 per share. This is a boost from American Tower's previous quarterly dividend of $1.62. The ex-dividend date of this dividend is Friday, April 11th. This represents a $6.80 dividend on an annualized basis and a yield of 3.20%. American Tower's dividend payout ratio (DPR) is presently 141.37%.

Insider Buying and Selling at American Tower

In other news, CFO Rodney M. Smith sold 16,567 shares of American Tower stock in a transaction dated Thursday, January 16th. The stock was 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. The trade was a 20.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.18% of the company's stock.

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.