American Tower Co. (NYSE:AMT) Shares Acquired by Sargent Investment Group LLC

Sargent Investment Group LLC increased its holdings in shares of American Tower Co. (NYSE:AMT) by 8.8% in the fourth quarter, Holdings Channel reports. The firm owned 1,639 shares of the real estate investment trust’s stock after acquiring an additional 133 shares during the period. Sargent Investment Group LLC’s holdings in American Tower were worth $354,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in AMT. Oak Thistle LLC boosted its position in American Tower by 23.5% during the 3rd quarter. Oak Thistle LLC now owns 2,384 shares of the real estate investment trust’s stock worth $392,000 after purchasing an additional 454 shares during the period. U.S. Capital Wealth Advisors LLC boosted its position in American Tower by 1.9% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 5,975 shares of the real estate investment trust’s stock worth $983,000 after purchasing an additional 112 shares during the period. Valeo Financial Advisors LLC boosted its position in American Tower by 13.9% during the 3rd quarter. Valeo Financial Advisors LLC now owns 3,965 shares of the real estate investment trust’s stock worth $652,000 after purchasing an additional 483 shares during the period. Manning & Napier Group LLC boosted its position in American Tower by 24.8% during the 3rd quarter. Manning & Napier Group LLC now owns 47,973 shares of the real estate investment trust’s stock worth $7,889,000 after purchasing an additional 9,522 shares during the period. Finally, Avestar Capital LLC boosted its position in American Tower by 10.0% in the 3rd quarter. Avestar Capital LLC now owns 2,258 shares of the real estate investment trust’s stock valued at $371,000 after buying an additional 206 shares during the last quarter. 92.69% of the stock is owned by hedge funds and other institutional investors.

American Tower Stock Performance

Shares of American Tower stock opened at $171.69 on Monday. The firm has a market cap of $80.07 billion, a PE ratio of 53.99, a price-to-earnings-growth ratio of 1.36 and a beta of 0.67. The firm’s 50-day simple moving average is $190.29 and its 200-day simple moving average is $194.42. 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 Co. has a 1 year low of $154.58 and a 1 year high of $219.10.

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 for the quarter, missing the consensus estimate of $2.10 by ($1.16). The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.74 billion. American Tower had a return on equity of 12.80% and a net margin of 13.31%. American Tower’s revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.34 EPS. Equities analysts forecast that American Tower Co. will post 9.94 earnings per share for the current fiscal year.

American Tower Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Friday, April 12th were paid a dividend of $1.62 per share. The ex-dividend date of this dividend was Thursday, April 11th. This represents a $6.48 annualized dividend and a yield of 3.77%. American Tower’s dividend payout ratio (DPR) is 203.77%.

Analyst Ratings Changes

A number of research firms have weighed in on AMT. Mizuho began coverage on shares of American Tower in a research report on Monday, April 8th. They issued a “neutral” rating and a $205.00 price objective for the company. StockNews.com cut shares of American Tower from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. JPMorgan Chase & Co. decreased 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. Morgan Stanley upped their price objective on shares of American Tower from $183.00 to $196.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Finally, BMO Capital Markets decreased their price objective 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 investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $217.36.

Insider Buying and Selling

In related news, CFO Rodney M. Smith sold 11,510 shares of the stock in a transaction dated 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 $12,953,352.99. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other American Tower news, Director Pamela D. A. Reeve sold 5,054 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $190.46, for a total value of $962,584.84. Following the completion of 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 legal filing with the SEC, which is available through the SEC website. Also, CFO Rodney M. Smith sold 11,510 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was 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 of the company’s stock, valued at approximately $12,953,352.99. The disclosure for this sale can be found here. 0.18% of the stock is owned by company insiders.

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.