Janus Henderson Group PLC Sells 208,242 Shares of American Tower Co. (NYSE:AMT)

Janus Henderson Group PLC lowered its position in shares of American Tower Co. (NYSE:AMT) by 9.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,016,255 shares of the real estate investment trust’s stock after selling 208,242 shares during the quarter. Janus Henderson Group PLC’s holdings in American Tower were worth $369,788,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in AMT. Roxbury Financial LLC bought a new position in shares of American Tower during the fourth quarter worth approximately $32,000. Graney & King LLC bought a new position in shares of American Tower during the fourth quarter worth approximately $32,000. Crowley Wealth Management Inc. bought a new position in shares of American Tower during the fourth quarter worth approximately $37,000. Bank of Jackson Hole Trust bought a new position in shares of American Tower during the fourth quarter worth approximately $46,000. Finally, Kestra Investment Management LLC bought a new position in shares of American Tower during the fourth quarter worth approximately $48,000. Institutional investors own 92.69% of the company’s stock.

American Tower Trading Up 1.0%

NYSE AMT opened at $219.96 on Monday. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 3.27. American Tower Co. has a twelve month low of $172.51 and a twelve month high of $243.56. The company has a market cap of $102.82 billion, a price-to-earnings ratio of 92.81, a price-to-earnings-growth ratio of 1.29 and a beta of 0.86. The business’s fifty day moving average is $215.14 and its 200 day moving average is $201.77.

American Tower (NYSE:AMT) last released its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.41 by $0.34. American Tower had a return on equity of 22.01% and a net margin of 10.05%. The company had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.54 billion. During the same quarter last year, the business posted $2.79 EPS. American Tower’s revenue for the quarter was down 9.6% on a year-over-year basis. As a group, sell-side analysts expect that American Tower Co. will post 10.14 EPS for the current fiscal year.

American Tower Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 28th. Investors of record on Friday, April 11th were issued a dividend of $1.70 per share. This is an increase from American Tower’s previous quarterly dividend of $1.62. The ex-dividend date of this dividend was Friday, April 11th. This represents a $6.80 annualized dividend and a dividend yield of 3.09%. American Tower’s dividend payout ratio (DPR) is 174.81%.

Analyst Upgrades and Downgrades

A number of research firms have commented on AMT. Hsbc Global Res upgraded American Tower to a “strong-buy” rating in a research note on Thursday, February 27th. Barclays raised their price objective on American Tower from $214.00 to $223.00 and gave the stock an “overweight” rating in a research note on Friday, March 21st. JMP Securities raised their price objective on American Tower from $248.00 to $260.00 and gave the stock a “market outperform” rating in a research note on Wednesday, April 30th. BMO Capital Markets raised their price objective on American Tower from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 26th. Finally, Wells Fargo & Company raised their price objective on American Tower from $230.00 to $240.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 30th. Two analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, American Tower has a consensus rating of “Buy” and a consensus price target of $239.27.

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.