Twin City Private Wealth LLC Increases Stock Holdings in American Tower Co. (NYSE:AMT)

Twin City Private Wealth LLC lifted its stake in shares of American Tower Co. (NYSE:AMT) by 9.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,015 shares of the real estate investment trust’s stock after buying an additional 661 shares during the quarter. Twin City Private Wealth LLC’s holdings in American Tower were worth $1,483,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Roxbury Financial LLC acquired a new stake in American Tower during the 4th quarter valued at approximately $32,000. Legacy Investment Solutions LLC acquired a new stake in American Tower during the 3rd quarter valued at approximately $34,000. Crowley Wealth Management Inc. acquired a new stake in American Tower during the 4th quarter valued at approximately $37,000. Bank of Jackson Hole Trust acquired a new stake in American Tower during the 4th quarter valued at approximately $46,000. Finally, Versant Capital Management Inc grew its stake 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 valued at $48,000 after purchasing an additional 139 shares in the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

Insider Transactions at American Tower

In other news, CFO Rodney M. Smith sold 16,567 shares of the business’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $181.10, for a total value of $3,000,283.70. Following the sale, the chief financial officer now owns 62,792 shares of the company’s stock, valued at approximately $11,371,631.20. The trade was a 20.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.18% of the company’s stock.

American Tower Stock Up 1.0 %

Shares of American Tower stock opened at $216.41 on Monday. The business’s fifty day moving average price is $195.99 and its two-hundred day moving average price is $205.24. 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 company has a market capitalization of $101.16 billion, a P/E ratio of 91.31, a PEG 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.

American Tower (NYSE:AMT) last announced its earnings results on Tuesday, February 25th. The real estate investment trust reported $2.62 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.83. The firm had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.51 billion. American Tower had a return on equity of 22.01% and a net margin of 10.05%. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.29 EPS. As a group, research analysts forecast that American Tower Co. will post 10.14 EPS for the current year.

American Tower Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, April 11th will be paid a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date is Friday, April 11th. This is an increase from American Tower’s previous quarterly dividend of $1.62. American Tower’s payout ratio is currently 141.37%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on AMT shares. Citizens Jmp upgraded American Tower to a “strong-buy” rating in a research note on Monday, January 27th. The Goldman Sachs Group decreased their target price 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. Hsbc Global Res upgraded American Tower to a “strong-buy” rating in a research report on Thursday, February 27th. BMO Capital Markets lifted their target price on American Tower from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th. Finally, Morgan Stanley decreased their target price on American Tower from $219.00 to $213.00 and set an “equal weight” rating for the company in a research report on Monday, February 24th. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, American Tower has an average rating of “Buy” and a consensus price target of $229.43.

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.