Signaturefd LLC Sells 127 Shares of American Tower Co. (NYSE:AMT)

Signaturefd LLC lessened its holdings in American Tower Co. (NYSE:AMT) by 1.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,625 shares of the real estate investment trust’s stock after selling 127 shares during the quarter. Signaturefd LLC’s holdings in American Tower were worth $1,646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Lindbrook Capital LLC lifted its position in shares of American Tower by 31.9% during the 4th quarter. Lindbrook Capital LLC now owns 2,988 shares of the real estate investment trust’s stock valued at $645,000 after buying an additional 722 shares during the last quarter. DT Investment Partners LLC lifted its position in shares of American Tower by 22.3% during the 4th quarter. DT Investment Partners LLC now owns 1,455 shares of the real estate investment trust’s stock valued at $314,000 after buying an additional 265 shares during the last quarter. J.W. Cole Advisors Inc. lifted its position in shares of American Tower by 6.4% during the 4th quarter. J.W. Cole Advisors Inc. now owns 2,661 shares of the real estate investment trust’s stock valued at $575,000 after buying an additional 159 shares during the last quarter. Castle Wealth Management LLC purchased a new position in shares of American Tower during the 4th quarter valued at $230,000. Finally, Greenleaf Trust lifted its position in shares of American Tower by 3.0% during the 4th quarter. Greenleaf Trust now owns 157,462 shares of the real estate investment trust’s stock valued at $33,993,000 after buying an additional 4,634 shares during the last quarter. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. dropped their price target on American Tower from $236.00 to $230.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 28th. BMO Capital Markets dropped their price objective on American Tower from $235.00 to $228.00 and set an “outperform” rating on the stock in a report on Wednesday, February 28th. Mizuho assumed coverage on American Tower in a report on Monday, April 8th. They set a “neutral” rating and a $205.00 price objective on the stock. StockNews.com cut American Tower from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Finally, Morgan Stanley increased their price objective on American Tower from $183.00 to $196.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, American Tower has an average rating of “Moderate Buy” and a consensus price target of $217.36.

Insider Activity

In other American Tower news, CFO Rodney M. Smith sold 11,510 shares of American Tower stock in a transaction on 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 in the company, valued at $12,953,352.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other American Tower news, CFO Rodney M. Smith sold 11,510 shares of American Tower stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $205.71, for a total value of $2,367,722.10. Following the completion of the sale, the chief financial officer now owns 62,969 shares of the company’s stock, valued at approximately $12,953,352.99. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Pamela D. A. Reeve sold 5,054 shares of American Tower stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $190.46, for a total value of $962,584.84. Following the completion of the sale, 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.

American Tower Price Performance

AMT opened at $171.30 on Monday. The stock’s 50 day simple moving average is $191.91 and its 200 day simple moving average is $193.99. The company has a debt-to-equity ratio of 3.29, a current ratio of 0.69 and a quick ratio of 0.69. American Tower Co. has a 1 year low of $154.58 and a 1 year high of $219.10. The firm has a market cap of $79.89 billion, a price-to-earnings ratio of 53.87, a PEG ratio of 1.35 and a beta of 0.67.

American Tower (NYSE:AMT) last issued its quarterly earnings data on Tuesday, February 27th. The real estate investment trust reported $0.94 earnings per share for the quarter, missing analysts’ consensus estimates of $2.10 by ($1.16). The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.74 billion. American Tower had a return on equity of 12.80% and a net margin of 13.31%. American Tower’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.34 earnings per share. As a group, analysts predict that American Tower Co. will post 9.94 earnings per share for the current year.

American Tower Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 12th will be paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date is Thursday, April 11th. American Tower’s payout ratio is presently 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.