Twin Focus Capital Partners LLC Has $236,000 Stake in American Tower Co. (NYSE:AMT)

Twin Focus Capital Partners LLC cut its holdings in American Tower Co. (NYSE:AMT) by 7.9% during the fourth quarter, HoldingsChannel reports. The firm owned 1,285 shares of the real estate investment trust’s stock after selling 110 shares during the period. Twin Focus Capital Partners LLC’s holdings in American Tower were worth $236,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Evergreen Capital Management LLC boosted its holdings in American Tower by 2.7% in the 4th quarter. Evergreen Capital Management LLC now owns 40,054 shares of the real estate investment trust’s stock valued at $7,411,000 after purchasing an additional 1,042 shares during the period. Acorns Advisers LLC bought a new stake in shares of American Tower in the fourth quarter valued at about $204,000. Regal Investment Advisors LLC grew its position in American Tower by 22.8% during the fourth quarter. Regal Investment Advisors LLC now owns 4,930 shares of the real estate investment trust’s stock worth $904,000 after buying an additional 914 shares in the last quarter. Jump Financial LLC increased its stake in American Tower by 7.0% during the fourth quarter. Jump Financial LLC now owns 107,850 shares of the real estate investment trust’s stock valued at $19,781,000 after acquiring an additional 7,035 shares during the period. Finally, Bridgewater Associates LP acquired a new position in American Tower in the 4th quarter valued at approximately $354,000. Institutional investors and hedge funds own 92.69% of the company’s stock.

Analyst Upgrades and Downgrades

AMT has been the topic of several recent research reports. Scotiabank decreased their price objective on American Tower from $236.00 to $220.00 and set a “sector outperform” rating on the stock in a report on Thursday, January 23rd. BMO Capital Markets boosted their price target on shares of American Tower from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, February 26th. Citizens Jmp upgraded shares of American Tower to a “strong-buy” rating in a research note on Monday, January 27th. Hsbc Global Res upgraded shares of American Tower to a “strong-buy” rating in a research report on Thursday, February 27th. Finally, Wells Fargo & Company raised shares of American Tower from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $210.00 to $230.00 in a research report on Monday, March 17th. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, American Tower has an average rating of “Buy” and an average price target of $232.07.

American Tower Trading Up 0.0 %

Shares of AMT opened at $217.86 on Wednesday. The company has a debt-to-equity ratio of 3.27, a quick ratio of 0.69 and a current ratio of 0.69. The company has a market cap of $101.84 billion, a price-to-earnings ratio of 91.92, a PEG ratio of 1.29 and a beta of 0.87. The stock has a fifty day moving average price of $206.48 and a two-hundred day moving average price of $202.67. American Tower Co. has a 52-week low of $170.46 and a 52-week high of $243.56.

American Tower (NYSE:AMT) last released its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $2.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.79 by $0.83. American Tower had a return on equity of 22.01% and a net margin of 10.05%. The business had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.51 billion. During the same period in the previous year, the business posted $2.29 earnings per share. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. Analysts predict 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 will be paid on Monday, April 28th. Stockholders of record on Friday, April 11th will be paid a $1.70 dividend. This is a boost from American Tower’s previous quarterly dividend of $1.62. This represents a $6.80 annualized dividend and a dividend yield of 3.12%. The ex-dividend date is Friday, April 11th. American Tower’s dividend payout ratio (DPR) is 141.37%.

Insider Buying and Selling at American Tower

In other news, CFO Rodney M. Smith sold 16,567 shares of the firm’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $181.10, for a total value of $3,000,283.70. Following the completion of the transaction, the chief financial officer now owns 62,792 shares in the company, valued at $11,371,631.20. This trade represents a 20.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.18% of the company’s stock.

American Tower Company 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.