2 weeks Ago By ABMN Staff
HBK Sorce Advisory LLC increased its stake in American Tower Co. ( NYSE:AMT – Free Report ) by 8.2% in the 2nd quarter, according to the company in its most recent filing with the SEC.
The institutional investor owned 1,534 shares of the real estate investment trust’s stock after acquiring an additional 116 shares during the quarter. HBK Sorce Advisory LLC’s holdings in American Tower were worth $298,000 at the end of the most recent reporting period. A number of other large investors also recently added to or reduced their stakes in AMT.
Fortis Capital Advisors LLC acquired a new stake in American Tower in the 4th quarter worth about $220,000. Accretive Wealth Partners LLC boosted its stake in shares of American Tower by 9.4% in the fourth quarter.
Accretive Wealth Partners LLC now owns 4,435 shares of the real estate investment trust’s stock worth $958,000 after acquiring an additional 380 shares during the last quarter. Aveo Capital Partners LLC acquired a new position in American Tower in the 4th quarter valued at $344,000. Gryphon Financial Partners LLC lifted its holdings in American Tower by 17.
4% in the 4th quarter. Gryphon Financial Partners LLC now owns 10,950 shares of the real estate investment trust’s stock valued at $2,472,000 after purchasing an additional 1,620 shares in the last quarter. Finally, Meridian Wealth Management LLC acquired a new stake in American Tower during the 4th quarter worth $223,000.
92.69% of the stock is currently owned by institutional investors and hedge funds. American Tower Trading Up 0.
6 % AMT opened at $238.50 on Monday. The company has a quick ratio of 0.
81, a current ratio of 0.81 and a debt-to-equity ratio of 3.42.
The firm has a market cap of $111.40 billion, a P/E ratio of 53.96, a P/E/G ratio of 1.
57 and a beta of 0.83. American Tower Co.
has a 52 week low of $154.58 and a 52 week high of $243.56.
The business has a fifty day simple moving average of $221.05 and a 200-day simple moving average of $201.23.
American Tower Announces Dividend The firm also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Wednesday, October 9th will be issued a dividend of $1.62 per share.
The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $6.48 dividend on an annualized basis and a yield of 2.
72%. American Tower’s dividend payout ratio (DPR) is presently 146.61%.
Wall Street Analyst Weigh In AMT has been the topic of several research reports. JPMorgan Chase & Co. raised their price target on shares of American Tower from $230.
00 to $240.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. StockNews.
com raised American Tower from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. BMO Capital Markets boosted their price target on shares of American Tower from $246.00 to $260.
00 and gave the company an “outperform” rating in a research report on Friday. Royal Bank of Canada raised their price objective on shares of American Tower from $225.00 to $236.
00 and gave the stock an “outperform” rating in a research report on Thursday, August 15th. Finally, TD Cowen boosted their target price on shares of American Tower from $226.00 to $239.
00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.
com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $233.29. Get Our Latest Research Report on AMT Insider Buying and Selling at American Tower In other news, EVP Olivier Puech sold 10,005 shares of the stock in a transaction on Friday, August 2nd.
The stock was sold at an average price of $233.27, for a total value of $2,333,866.35.
Following the sale, the executive vice president now directly owns 51,746 shares in the company, valued at $12,070,789.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink .
In related news, EVP Olivier Puech sold 10,005 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $233.27, for a total value of $2,333,866.
35. Following the sale, the executive vice president now owns 51,746 shares of the company’s stock, valued at $12,070,789.42.
The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink . Also, CEO Steven O. Vondran sold 21,537 shares of the business’s stock in a transaction on Friday, August 2nd.
The stock was sold at an average price of $230.00, for a total transaction of $4,953,510.00.
Following the transaction, the chief executive officer now owns 61,843 shares of the company’s stock, valued at approximately $14,223,890. The disclosure for this sale can be found here . Insiders sold 33,723 shares of company stock valued at $7,795,397 in the last 90 days.
Company insiders own 0.18% of the company’s stock. About American Tower ( 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 Want to see what other hedge funds are holding AMT? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for American Tower Co. ( NYSE:AMT – Free Report ). Receive News & Ratings for American Tower Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Tower and related companies with MarketBeat.
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