American Tower Co. (NYSE:AMT) Shares Sold by Aew Capital Management L P

Aew Capital Management L P trimmed its stake in American Tower Co. (NYSE:AMT) by 1.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 285,715 shares of the real estate investment trust’s stock after selling 4,862 shares during the quarter. American Tower makes up 2.2% of Aew Capital Management L P’s portfolio, making the stock its 17th biggest holding. Aew Capital Management L P owned approximately 0.06% of American Tower worth $61,680,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in AMT. Cross Staff Investments Inc grew its position in shares of American Tower by 5.1% in the fourth quarter. Cross Staff Investments Inc now owns 5,027 shares of the real estate investment trust’s stock valued at $1,085,000 after purchasing an additional 244 shares during the period. Gateway Investment Advisers LLC increased its stake in American Tower by 57.7% during the fourth quarter. Gateway Investment Advisers LLC now owns 35,751 shares of the real estate investment trust’s stock worth $7,718,000 after acquiring an additional 13,074 shares during the last quarter. Victory Capital Management Inc. increased its stake in American Tower by 0.5% during the third quarter. Victory Capital Management Inc. now owns 177,288 shares of the real estate investment trust’s stock worth $29,155,000 after acquiring an additional 806 shares during the last quarter. PDS Planning Inc increased its stake in American Tower by 16.1% during the third quarter. PDS Planning Inc now owns 1,821 shares of the real estate investment trust’s stock worth $299,000 after acquiring an additional 253 shares during the last quarter. Finally, FAS Wealth Partners Inc. acquired a new stake in American Tower during the fourth quarter worth about $2,001,000. 92.69% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at American Tower

In other news, CFO Rodney M. Smith sold 11,510 shares of American Tower stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $205.71, for a total value of $2,367,722.10. Following the transaction, the chief financial officer now directly owns 62,969 shares in the company, valued at $12,953,352.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Pamela D. A. Reeve sold 5,054 shares of American Tower stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $190.46, for a total value of $962,584.84. Following the transaction, the director now directly owns 18,545 shares in the company, valued at $3,532,080.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Rodney M. Smith sold 11,510 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $205.71, for a total value of $2,367,722.10. Following the transaction, the chief financial officer now owns 62,969 shares in the company, valued at $12,953,352.99. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.

American Tower Stock Down 0.7 %

AMT traded down $1.27 during trading on Friday, reaching $171.63. 1,701,375 shares of the stock traded hands, compared to its average volume of 2,422,387. The stock has a market cap of $80.04 billion, a price-to-earnings ratio of 53.97, a price-to-earnings-growth ratio of 1.37 and a beta of 0.67. American Tower Co. has a fifty-two week low of $154.58 and a fifty-two week high of $219.10. The company has a debt-to-equity ratio of 3.29, a current ratio of 0.69 and a quick ratio of 0.69. The stock’s 50-day simple moving average is $190.29 and its two-hundred day simple moving average is $193.97.

American Tower (NYSE:AMT) last released its quarterly earnings data on Tuesday, February 27th. The real estate investment trust reported $0.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.10 by ($1.16). American Tower had a net margin of 13.31% and a return on equity of 12.80%. The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.74 billion. During the same period in the previous year, the business posted $2.34 EPS. American Tower’s revenue for the quarter was up 3.0% on a year-over-year basis. As a group, equities research analysts expect that American Tower Co. will post 9.94 EPS for the current year.

American Tower Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 12th will be issued a dividend of $1.62 per share. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $6.48 annualized dividend and a yield of 3.78%. American Tower’s dividend payout ratio (DPR) is currently 203.77%.

Analyst Ratings Changes

Several equities research analysts have commented on the company. JPMorgan Chase & Co. dropped their price target on American Tower from $236.00 to $230.00 and set an “overweight” rating for the company in a research note on Wednesday, February 28th. Barclays increased their target price on American Tower from $224.00 to $234.00 and gave the company an “overweight” rating in a research note on Tuesday, March 5th. Mizuho began coverage on American Tower in a report on Monday, April 8th. They issued a “neutral” rating and a $205.00 price target for the company. BMO Capital Markets reduced their price target on American Tower from $235.00 to $228.00 and set an “outperform” rating for the company in a report on Wednesday, February 28th. Finally, Morgan Stanley increased their target price on American Tower from $183.00 to $196.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, American Tower presently has an average rating of “Moderate Buy” and an average price target of $217.36.

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.