IFM Investors Pty Ltd grew its holdings in shares of American Tower Co. (REIT) (NYSE:AMT) by 15.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 42,698 shares of the real estate investment trust’s stock after purchasing an additional 5,798 shares during the quarter. IFM Investors Pty Ltd’s holdings in American Tower were worth $9,584,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of AMT. Lavaca Capital LLC boosted its holdings in shares of American Tower by 35.9% during the fourth quarter. Lavaca Capital LLC now owns 2,270 shares of the real estate investment trust’s stock worth $510,000 after purchasing an additional 600 shares during the last quarter. Norway Savings Bank boosted its stake in American Tower by 31.0% in the 4th quarter. Norway Savings Bank now owns 3,694 shares of the real estate investment trust’s stock worth $829,000 after buying an additional 875 shares during the last quarter. Coastal Investment Advisors Inc. grew its holdings in American Tower by 21.3% in the 4th quarter. Coastal Investment Advisors Inc. now owns 3,072 shares of the real estate investment trust’s stock valued at $690,000 after buying an additional 539 shares during the period. Redpoint Investment Management Pty Ltd increased its stake in shares of American Tower by 0.8% during the 4th quarter. Redpoint Investment Management Pty Ltd now owns 61,795 shares of the real estate investment trust’s stock valued at $13,871,000 after acquiring an additional 483 shares during the last quarter. Finally, Pinnacle Financial Partners Inc. lifted its holdings in shares of American Tower by 1.8% during the 4th quarter. Pinnacle Financial Partners Inc. now owns 29,978 shares of the real estate investment trust’s stock worth $6,756,000 after acquiring an additional 538 shares during the period. 89.97% of the stock is currently owned by institutional investors.

A number of brokerages have weighed in on AMT. BidaskClub lowered shares of American Tower from a “sell” rating to a “strong sell” rating in a report on Thursday, December 10th. Raymond James reduced their price objective on American Tower from $276.00 to $258.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 3rd. Credit Suisse Group boosted their target price on American Tower from $300.00 to $301.00 and gave the stock an “outperform” rating in a report on Tuesday, November 3rd. Wells Fargo & Company cut their price target on shares of American Tower from $290.00 to $285.00 and set an “overweight” rating on the stock in a report on Wednesday, September 16th. Finally, Morgan Stanley dropped their price objective on shares of American Tower from $250.00 to $244.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $272.50.

In other news, Director Samme L. Thompson sold 2,000 shares of the stock in a transaction that occurred on Monday, January 4th. The stock was sold at an average price of $226.07, for a total transaction of $452,140.00. Following the completion of the transaction, the director now directly owns 22,337 shares in the company, valued at approximately $5,049,725.59. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Steven O. Vondran sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 1st. The stock was sold at an average price of $232.00, for a total transaction of $348,000.00. Following the sale, the executive vice president now directly owns 23,526 shares of the company’s stock, valued at approximately $5,458,032. The disclosure for this sale can be found here. Insiders have sold a total of 4,948 shares of company stock worth $1,119,029 over the last 90 days. 0.65% of the stock is owned by company insiders.

American Tower stock traded up $1.55 during midday trading on Wednesday, hitting $216.46. 2,201,741 shares of the stock were exchanged, compared to its average volume of 2,598,797. American Tower Co. has a 1 year low of $174.32 and a 1 year high of $272.20. The company has a debt-to-equity ratio of 5.73, a current ratio of 1.35 and a quick ratio of 1.35. The firm has a market cap of $96.15 billion, a P/E ratio of 51.17, a P/E/G ratio of 1.55 and a beta of 0.25. The company has a 50 day moving average price of $222.79 and a two-hundred day moving average price of $241.75.

American Tower (NYSE:AMT) last posted its quarterly earnings data on Tuesday, November 3rd. The real estate investment trust reported $1.04 earnings per share for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.06). American Tower had a net margin of 24.08% and a return on equity of 42.42%. The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.97 billion. During the same period in the previous year, the company earned $1.93 earnings per share. The business’s quarterly revenue was up 3.0% on a year-over-year basis. As a group, analysts predict that American Tower Co. will post 8.16 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 2nd. Shareholders of record on Monday, December 28th will be paid a dividend of $1.21 per share. This represents a $4.84 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date is Thursday, December 24th. This is a positive change from American Tower’s previous quarterly dividend of $1.14. American Tower’s dividend payout ratio (DPR) is 62.61%.

About American Tower

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 approximately 181,000 communications sites.

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

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