Kintegral Advisory LLC Sells 786 Shares of American Tower Co. (NYSE:AMT)

Kintegral Advisory LLC reduced its position in American Tower Co. (NYSE:AMT) by 4.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 16,886 shares of the real estate investment trust’s stock after selling 786 shares during the quarter. Kintegral Advisory LLC’s holdings in American Tower were worth $3,124,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMT. Outfitter Financial LLC grew its stake in shares of American Tower by 11.2% in the fourth quarter. Outfitter Financial LLC now owns 3,630 shares of the real estate investment trust’s stock worth $666,000 after purchasing an additional 365 shares during the last quarter. PYA Waltman Capital LLC raised its stake in American Tower by 3.0% during the 4th quarter. PYA Waltman Capital LLC now owns 9,761 shares of the real estate investment trust’s stock worth $1,790,000 after buying an additional 283 shares during the period. Parcion Private Wealth LLC lifted its holdings in shares of American Tower by 7.6% in the 4th quarter. Parcion Private Wealth LLC now owns 1,455 shares of the real estate investment trust’s stock worth $267,000 after purchasing an additional 103 shares in the last quarter. Handelsbanken Fonder AB grew its holdings in shares of American Tower by 4.6% during the fourth quarter. Handelsbanken Fonder AB now owns 209,869 shares of the real estate investment trust’s stock valued at $38,492,000 after buying an additional 9,156 shares during the last quarter. Finally, Corps Capital Advisors LLC bought a new position in shares of American Tower in the fourth quarter valued at approximately $315,000. 92.69% of the stock is currently owned by institutional investors.

American Tower Price Performance

Shares of NYSE AMT opened at $191.32 on Friday. The firm has a fifty day moving average of $185.67 and a 200 day moving average of $207.64. American Tower Co. has a one year low of $170.46 and a one year high of $243.56. The company has a debt-to-equity ratio of 3.27, a quick ratio of 0.69 and a current ratio of 0.69. The firm has a market cap of $89.40 billion, a PE ratio of 80.73, a PEG ratio of 1.29 and a beta of 0.84.

American Tower Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, December 27th were given a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 3.39%. The ex-dividend date of this dividend was Friday, December 27th. American Tower’s payout ratio is currently 273.42%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. BMO Capital Markets dropped their target price on shares of American Tower from $255.00 to $245.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. StockNews.com lowered shares of American Tower from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Mizuho decreased their target price on shares of American Tower from $221.00 to $204.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Citigroup dropped their price target on American Tower from $255.00 to $220.00 and set a “buy” rating for the company in a research note on Friday, February 14th. Finally, Barclays reduced their price target on American Tower from $215.00 to $214.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. Four analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $225.79.

Insiders Place Their Bets

In related 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 transaction of $3,000,283.70. Following the completion of the transaction, the chief financial officer now directly owns 62,792 shares of the company’s stock, valued at $11,371,631.20. The trade was a 20.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.18% of the stock is owned by insiders.

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.