Georgetown University Grows Position in American Tower Co. (NYSE:AMT)

Georgetown University boosted its holdings in American Tower Co. (NYSE:AMT) by 128.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 45,654 shares of the real estate investment trust’s stock after buying an additional 25,651 shares during the quarter. American Tower accounts for approximately 2.5% of Georgetown University’s holdings, making the stock its 14th biggest position. Georgetown University’s holdings in American Tower were worth $8,373,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Roxbury Financial LLC bought a new position in American Tower during the fourth quarter valued at approximately $32,000. Graney & King LLC bought a new position in shares of American Tower during the 4th quarter valued at $32,000. Crowley Wealth Management Inc. purchased a new position in shares of American Tower in the 4th quarter worth $37,000. Bank of Jackson Hole Trust bought a new stake in shares of American Tower in the fourth quarter worth $46,000. Finally, Kestra Investment Management LLC purchased a new stake in American Tower during the fourth quarter valued at $48,000. Institutional investors own 92.69% of the company’s stock.

American Tower Stock Up 1.0 %

Shares of NYSE AMT opened at $219.96 on Friday. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 3.27. American Tower Co. has a 12-month low of $172.51 and a 12-month high of $243.56. The firm’s 50-day moving average price is $215.14 and its 200-day moving average price is $202.10. The stock has a market capitalization of $102.82 billion, a price-to-earnings ratio of 92.81, a P/E/G ratio of 1.29 and a beta of 0.86.

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

American Tower Increases Dividend

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

Wall Street Analysts Forecast Growth

AMT has been the subject of several research reports. BMO Capital Markets upped their price target on shares of American Tower from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, February 26th. Raymond James upped their target price on shares of American Tower from $231.00 to $251.00 and gave the company a “strong-buy” rating in a report on Wednesday, April 30th. Royal Bank of Canada lifted their price target on shares of American Tower from $240.00 to $250.00 and gave the stock an “outperform” rating in a research note on Thursday, May 1st. UBS Group upped their price objective on American Tower from $245.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, April 30th. Finally, Scotiabank lifted their target price on American Tower from $234.00 to $248.00 and gave the company a “sector outperform” rating in a research report on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price 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.