Partners Group Holding AG Has $69.44 Million Stake in American Tower Co. (NYSE:AMT)

Partners Group Holding AG lifted its stake in shares of American Tower Co. (NYSE:AMT) by 8.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 378,592 shares of the real estate investment trust’s stock after purchasing an additional 28,988 shares during the quarter. American Tower comprises 2.5% of Partners Group Holding AG’s portfolio, making the stock its 4th largest position. Partners Group Holding AG owned approximately 0.08% of American Tower worth $69,438,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Roxbury Financial LLC acquired a new stake in shares of American Tower in the fourth quarter valued at approximately $32,000. Legacy Investment Solutions LLC acquired a new stake in American Tower in the 3rd quarter valued at approximately $34,000. Bank of Jackson Hole Trust bought a new stake in American Tower during the 4th quarter valued at $46,000. Versant Capital Management Inc boosted 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 acquiring an additional 139 shares during the period. Finally, Kestra Investment Management LLC bought a new position in shares of American Tower in the fourth quarter worth $48,000. Institutional investors and hedge funds own 92.69% of the company’s stock.

American Tower Stock Up 1.0 %

Shares of American Tower stock opened at $216.41 on Friday. The stock has a 50-day simple moving average of $195.99 and a 200-day simple moving average of $205.43. American Tower Co. has a 52-week low of $170.46 and a 52-week high of $243.56. The firm has a market cap of $101.16 billion, a price-to-earnings ratio of 91.31, a P/E/G ratio of 1.29 and a beta of 0.85. The company has a debt-to-equity ratio of 3.27, a current ratio of 0.69 and a quick ratio of 0.69.

American Tower (NYSE:AMT) last announced its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $2.62 EPS for the quarter, topping the consensus estimate of $1.79 by $0.83. The company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.51 billion. American Tower had a net margin of 10.05% and a return on equity of 22.01%. American Tower’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.29 EPS. On average, equities research analysts expect that American Tower Co. will post 10.14 earnings per share for the current fiscal 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 $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.14%. This is an increase from American Tower’s previous quarterly dividend of $1.62. The ex-dividend date is Friday, April 11th. American Tower’s dividend payout ratio (DPR) is presently 141.37%.

Insider Buying and Selling

In other news, CFO Rodney M. Smith sold 16,567 shares of the business’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $181.10, for a total value 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 approximately $11,371,631.20. The trade was a 20.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. BMO Capital Markets lifted their price objective on shares of American Tower from $210.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. Wells Fargo & Company upgraded shares of American Tower from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $210.00 to $230.00 in a research report on Monday, March 17th. JMP Securities assumed coverage on shares of American Tower in a report on Monday, January 27th. They issued an “outperform” rating and a $225.00 price objective for the company. Hsbc Global Res raised American Tower to a “strong-buy” rating in a report on Thursday, February 27th. Finally, The Goldman Sachs Group decreased their price target on American Tower from $260.00 to $234.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $229.43.

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.