American Tower Co. (NYSE:AMT) Stock Holdings Raised by John G Ullman & Associates Inc.

John G Ullman & Associates Inc. raised its stake in American Tower Co. (NYSE:AMTFree Report) by 17.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 30,821 shares of the real estate investment trust’s stock after purchasing an additional 4,471 shares during the period. American Tower accounts for approximately 1.1% of John G Ullman & Associates Inc.’s holdings, making the stock its 29th biggest holding. John G Ullman & Associates Inc.’s holdings in American Tower were worth $6,654,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Personal Capital Advisors Corp grew its position in shares of American Tower by 1.7% during the 1st quarter. Personal Capital Advisors Corp now owns 2,510 shares of the real estate investment trust’s stock valued at $631,000 after buying an additional 43 shares during the last quarter. Lumature Wealth Partners LLC grew its position in shares of American Tower by 40.3% during the 1st quarter. Lumature Wealth Partners LLC now owns 174 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 50 shares during the last quarter. Alera Investment Advisors LLC grew its position in shares of American Tower by 1.3% during the 4th quarter. Alera Investment Advisors LLC now owns 4,105 shares of the real estate investment trust’s stock valued at $886,000 after buying an additional 51 shares during the last quarter. McIlrath & Eck LLC grew its position in shares of American Tower by 18.5% during the 4th quarter. McIlrath & Eck LLC now owns 333 shares of the real estate investment trust’s stock valued at $71,000 after buying an additional 52 shares during the last quarter. Finally, Golden State Equity Partners grew its position in shares of American Tower by 7.0% during the 1st quarter. Golden State Equity Partners now owns 806 shares of the real estate investment trust’s stock valued at $202,000 after buying an additional 53 shares during the last quarter. Institutional investors own 92.69% of the company’s stock.

Insider Activity at American Tower

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

Analysts Set New Price Targets

Several research firms have commented on AMT. JPMorgan Chase & Co. decreased their target price on shares of American Tower from $236.00 to $230.00 and set an “overweight” rating for the company in a research report on Wednesday, February 28th. Barclays upped their target price on shares of American Tower from $224.00 to $234.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 5th. StockNews.com cut shares of American Tower from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Morgan Stanley upped their target price on shares of American Tower from $183.00 to $196.00 and gave the stock an “equal weight” rating in a research report on Monday. Finally, BMO Capital Markets decreased their target price on shares of American Tower from $235.00 to $228.00 and set an “outperform” rating for the company in a research report on Wednesday, February 28th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $217.36.

Read Our Latest Stock Report on AMT

American Tower Price Performance

Shares of NYSE:AMT traded up $0.07 during trading on Friday, reaching $171.07. The company had a trading volume of 1,962,183 shares, compared to its average volume of 2,412,055. American Tower Co. has a twelve month low of $154.58 and a twelve month high of $219.10. The firm has a market capitalization of $79.78 billion, a PE ratio of 53.88, a price-to-earnings-growth ratio of 1.36 and a beta of 0.67. The firm’s fifty day moving average is $192.37 and its 200 day moving average is $193.43. The company has a debt-to-equity ratio of 3.29, a quick ratio of 0.69 and a current ratio of 0.69.

American Tower (NYSE:AMTGet Free Report) last released its earnings results on Tuesday, February 27th. The real estate investment trust reported $0.94 EPS for the quarter, missing the consensus estimate of $2.10 by ($1.16). American Tower had a net margin of 13.31% and a return on equity of 12.80%. The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.74 billion. During the same period in the prior year, the company earned $2.34 earnings per share. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, equities analysts forecast that American Tower Co. will post 9.94 EPS for the current year.

American Tower Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Friday, April 12th will be paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 3.79%. The ex-dividend date is Thursday, April 11th. American Tower’s dividend payout ratio is presently 203.77%.

American Tower Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for American Tower (NYSE:AMT)

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