YHB Investment Advisors Inc. raised its stake in shares of American Tower Co. (NYSE: AMT – Get Rating) by 4.7% in the 1st quarter, according to its last submission of Form 13F to the SEC. The institutional investor owned 945 shares of the real estate investment trust shares after purchasing an additional 42 shares during the period. The holdings of YHB Investment Advisors Inc. at the American Tower are worth $ 237,000 at the time of his last SEC submission.
A number of other hedge funds and other institutional investors have also recently bought and sold AMT shares. Patriot Financial Group Insurance Agency LLC increased its stake in American Tower shares by 3.0% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 1,312 shares of the $ 348,000 real estate investment trust after buying an additional 38 shares in the last quarter. Vigilant Capital Management LLC increased its stake in American Tower by 3.7% in the fourth quarter. Vigilant Capital Management LLC now owns 1,113 shares of the $ 326,000 real estate investment trust after buying an additional 40 shares in the last quarter. Beech Hill Advisors Inc. increased its stake in American Tower by 0.3% in the fourth quarter. Beech Hill Advisors Inc. already owns 12,025 shares of real estate investment trust shares worth $ 3,517,000 after buying an additional 40 shares in the last quarter. JNBA Financial Advisors increased its stake in American Tower by 54.4% in the fourth quarter. JNBA Financial Advisors already owns 122 shares of the $ 36,000 real estate investment trust after buying an additional 43 shares in the last quarter. Finally, McIlrath & Eck LLC increased its stake in American Tower by 17.6% in the fourth quarter. McIlrath & Eck LLC now owns 287 shares of the $ 84,000 real estate investment trust after buying an additional 43 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company’s shares.
In related news, CFO Rodney M. Smith sold 25,389 shares of American Tower shares in a deal on Thursday, April 21. The shares were sold at an average price of $ 270.00, for a total value of $ 6,855,030.00. Following the transaction, the chief financial officer now directly owns 52,398 shares in the company worth approximately $ 14,147,460. The transaction is disclosed in legal documentation in the SEC, which is accessible through this link. In addition, CEO Robert D. Hormats sold 200 shares of the business shares in a deal on Wednesday, June 15th. The shares were sold at an average price of $ 235.40, for a total transaction of $ 47,080.00. Following the sale, the director now owns 6,721 shares in the company worth $ 1,582,123.40. The disclosure for this sale can be found here. 0.24% of the shares are currently owned by insiders of the company.
AMT has been the subject of a number of analyst reports. Wells Fargo & Company raised its target for American Tower stock prices from $ 250.00 to $ 280.00 and gave the stock an “overweight” rating in a research note on Friday, March 11th. Deutsche Bank Aktiengesellschaft lowered its target price for shares of American Tower from $ 288.00 to $ 260.00 and set a rating for “holding” the company in a research report on Monday, February 28. Raymond James lowered his target for American Tower stock prices from $ 294.00 to $ 279.00 and set a rating “superior” for the company in a research report on Monday, February 28. TheStreet raised shares of American Tower from a rating of “c +” to a rating of “b” in a research report on Wednesday, April 27. Finally, JPMorgan Chase & Co. raised American Tower shares from underweight to overweight and increased their target price for the company from $ 245.00 to $ 285.00 in a survey note on Tuesday, June 21. Six research analysts rated the shares with a retention rating, and nine issued a share purchase rating. Based on data from MarketBeat, the shares currently have a consensus rating of “Moderate buying” and an average target price of $ 292.21.
The NYSE AMT opened at $ 261.65 on Friday. The company’s 50-day moving average is $ 248.44, and its 200-day moving average is $ 251.10. American Tower Co. has a 12-month low of $ 220.00 and a 12-month high of $ 303.72. The company has a debt to equity ratio of 4.12, a current ratio of 0.51 and a fast ratio of 0.51. The shares have a market capitalization of 121.59 billion dollars, a P / E ratio of 45.27, a PEG ratio of 2.56 and a beta ratio of 0.48.
American Tower (NYSE: AMT – Get Rating) last released its quarterly earnings results on Wednesday, April 27th. The real estate investment trust reported $ 1.56 earnings per share (EPS) for the quarter, lacking a consensus estimate of $ 2.41 s ($ 0.85). The business had revenue of $ 2.66 billion for the quarter, compared to analysts’ estimates of $ 2.61 billion. American Tower had a return on equity of 30.44% and a net profit of 26.72%. The company’s revenue for the quarter increased by 23.2% compared to the same quarter last year. In the same period last year, the company reported $ 2.46 EPS. As a group, analysts expect American Tower Co. will report EPS of 9.65 for the current year.
The business also recently unveiled a three-month dividend that will be paid on Friday (July 8th). The record shareholders on Friday, June 17, will receive a dividend of $ 1.43 per share. The date of the former dividend of this dividend is Thursday, June 16. This represents a dividend of $ 5.72 on an annual basis and a yield of 2.19%. This is a boost from the previous quarterly dividend of American Tower of $ 1.40. The dividend payout ratio (DPR) of American Tower is currently 98.96%.
About the American Tower (Get a rating)
American Tower Corporation, one of the largest global REITs, is a leading independent owner, operator and developer of multi-tenant communications properties with a portfolio of approximately 219,000 communications sites. For more information about American Tower, please visit the Revenue Materials and Investor Presentations sections of our Investor Relations website at www.americantower.com.
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