Capital Advisors Ltd. LLC Purchases 97 Shares of American Tower Co. (NYSE:AMT)

Capital Advisors Ltd. LLC grew its position in American Tower Co. (NYSE:AMT) by 7.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,452 shares of the real estate investment trust’s stock after buying an additional 97 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in American Tower were worth $313,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of AMT. McClarren Financial Advisors Inc. bought a new position in shares of American Tower in the third quarter valued at approximately $27,000. Emerald Advisers LLC bought a new position in American Tower in the 3rd quarter worth approximately $29,000. Thompson Investment Management Inc. bought a new position in American Tower in the 4th quarter worth approximately $29,000. Brown Shipley& Co Ltd bought a new position in American Tower in the 3rd quarter worth approximately $35,000. Finally, Valley National Advisers Inc. raised its position in American Tower by 200.0% in the 4th quarter. Valley National Advisers Inc. now owns 177 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 118 shares during the last quarter. Institutional investors own 92.69% of the company’s stock.

Insider Buying and Selling

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 sale, the chief financial officer now owns 62,969 shares in the company, valued at approximately $12,953,352.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 value of $2,367,722.10. Following the completion of the transaction, the chief financial officer now owns 62,969 shares of the company’s stock, valued at approximately $12,953,352.99. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Pamela D. A. Reeve sold 5,054 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $190.46, for a total transaction of $962,584.84. Following the completion of the transaction, the director now directly owns 18,545 shares of the company’s stock, valued at approximately $3,532,080.70. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AMT. Barclays boosted their price objective 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. JPMorgan Chase & Co. dropped their price objective 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. StockNews.com lowered shares of American Tower from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Morgan Stanley lifted their target price on shares of American Tower from $183.00 to $196.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Finally, Mizuho initiated coverage on shares of American Tower in a report on Monday, April 8th. They set a “neutral” rating and a $205.00 target price for the company. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, American Tower presently has a consensus rating of “Moderate Buy” and an average target price of $217.36.

American Tower Stock Down 0.3 %

AMT traded down $0.54 during trading on Thursday, hitting $172.81. The company had a trading volume of 684,098 shares, compared to its average volume of 2,416,012. The company has a market capitalization of $80.59 billion, a PE ratio of 54.51, a PEG ratio of 1.38 and a beta of 0.67. American Tower Co. has a one year low of $154.58 and a one year high of $219.10. The firm’s 50-day moving average price is $190.93 and its 200 day moving average price is $194.05. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 3.29.

American Tower (NYSE:AMT) last posted its quarterly earnings data 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). The company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.74 billion. American Tower had a net margin of 13.31% and a return on equity of 12.80%. The company’s revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.34 earnings per share. As a group, equities analysts expect that American Tower Co. will post 9.94 earnings per share for the current year.

American Tower Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Friday, April 12th will be given a dividend of $1.62 per share. The ex-dividend date is Thursday, April 11th. This represents a $6.48 annualized dividend and a dividend yield of 3.75%. American Tower’s dividend payout ratio is 203.77%.

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.