Vision Financial Markets LLC Purchases New Position in American Tower Co. (NYSE:AMT)

Vision Financial Markets LLC purchased a new stake in American Tower Co. (NYSE:AMT) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,200 shares of the real estate investment trust’s stock, valued at approximately $220,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AMT. Harbor Capital Advisors Inc. purchased a new stake in American Tower in the third quarter valued at $139,000. QRG Capital Management Inc. lifted its position in American Tower by 9.0% in the third quarter. QRG Capital Management Inc. now owns 26,911 shares of the real estate investment trust’s stock valued at $6,259,000 after acquiring an additional 2,224 shares during the last quarter. Impax Asset Management Group plc lifted its position in American Tower by 68.9% in the third quarter. Impax Asset Management Group plc now owns 33,925 shares of the real estate investment trust’s stock valued at $7,890,000 after acquiring an additional 13,834 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new stake in American Tower in the third quarter valued at $84,000. Finally, United Advisor Group LLC lifted its position in American Tower by 8.2% in the third quarter. United Advisor Group LLC now owns 3,104 shares of the real estate investment trust’s stock valued at $722,000 after acquiring an additional 234 shares during the last quarter. 92.69% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other American Tower news, CFO Rodney M. Smith sold 16,567 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $181.10, for a total transaction of $3,000,283.70. Following the transaction, the chief financial officer now directly owns 62,792 shares in the company, valued at approximately $11,371,631.20. This represents a 20.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.18% of the stock is currently owned by company insiders.

Analyst Ratings Changes

AMT has been the topic of a number of recent research reports. Morgan Stanley dropped their price objective on shares of American Tower from $219.00 to $213.00 and set an “equal weight” rating on the stock in a research note on Monday, February 24th. Citigroup dropped their price objective on shares of American Tower from $255.00 to $220.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Hsbc Global Res upgraded shares of American Tower to a “strong-buy” rating in a research note on Thursday, February 27th. Wells Fargo & Company dropped their price objective on shares of American Tower from $215.00 to $195.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 23rd. Finally, Barclays dropped their price objective on shares of American Tower from $215.00 to $214.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, American Tower presently has a consensus rating of “Moderate Buy” and an average price target of $225.21.

American Tower Trading Up 0.9 %

Shares of AMT opened at $209.01 on Thursday. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 3.27. The firm’s 50-day moving average is $188.53 and its two-hundred day moving average is $206.45. American Tower Co. has a twelve month low of $170.46 and a twelve month high of $243.56. The firm has a market capitalization of $97.67 billion, a P/E ratio of 88.19, a PEG ratio of 1.29 and a beta of 0.85.

American Tower (NYSE:AMT) last issued its earnings results on Tuesday, February 25th. The real estate investment trust reported $2.62 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.83. American Tower had a net margin of 10.05% and a return on equity of 22.01%. The company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.51 billion. During the same period in the prior 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. On average, research analysts predict that American Tower Co. will post 10.14 earnings per share for the current fiscal year.

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.