Winfield Associates Inc. Acquires 65 Shares of American Tower Co. (REIT) (NYSE:AMT)

Winfield Associates Inc. raised its holdings in shares of American Tower Co. (REIT) (NYSE:AMT) by 0.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,217 shares of the real estate investment trust’s stock after acquiring an additional 65 shares during the quarter. American Tower makes up approximately 1.2% of Winfield Associates Inc.’s holdings, making the stock its 19th biggest position. Winfield Associates Inc.’s holdings in American Tower were worth $3,243,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of AMT. Hoylecohen LLC grew its stake in shares of American Tower by 1.2% during the 1st quarter. Hoylecohen LLC now owns 27,569 shares of the real estate investment trust’s stock worth $6,591,000 after acquiring an additional 326 shares in the last quarter. Gladstone Institutional Advisory LLC bought a new position in shares of American Tower in the first quarter valued at $205,000. Colony Group LLC grew its stake in shares of American Tower by 3.9% in the first quarter. Colony Group LLC now owns 20,139 shares of the real estate investment trust’s stock valued at $4,814,000 after buying an additional 747 shares in the last quarter. Stonnington Group LLC bought a new position in shares of American Tower in the first quarter valued at $497,000. Finally, Childress Capital Advisors LLC grew its stake in shares of American Tower by 12.5% in the first quarter. Childress Capital Advisors LLC now owns 882 shares of the real estate investment trust’s stock valued at $210,000 after buying an additional 98 shares in the last quarter. 89.57% of the stock is owned by institutional investors.

In other news, Director David E. Sharbutt sold 739 shares of the firm’s stock in a transaction on Friday, September 3rd. The shares were sold at an average price of $300.71, for a total transaction of $222,224.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joann A. Reed sold 866 shares of the firm’s stock in a transaction on Tuesday, November 16th. The shares were sold at an average price of $260.50, for a total transaction of $225,593.00. The disclosure for this sale can be found here. Company insiders own 0.68% of the company’s stock.

Several research firms recently weighed in on AMT. Truist Securities raised their target price on shares of American Tower from $280.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, July 30th. Argus raised their target price on shares of American Tower from $288.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, August 12th. Credit Suisse Group lifted their price objective on shares of American Tower from $324.00 to $328.00 and gave the stock an “outperform” rating in a research report on Friday, October 29th. Morgan Stanley lifted their price objective on shares of American Tower from $270.00 to $316.00 and gave the stock an “equal weight” rating in a research report on Friday, September 10th. They noted that the move was a valuation call. Finally, Raymond James reduced their price objective on shares of American Tower from $296.00 to $294.00 and set an “outperform” rating for the company in a research report on Monday, November 1st. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, American Tower presently has a consensus rating of “Buy” and a consensus target price of $297.71.

Shares of AMT traded up $3.48 during midday trading on Thursday, reaching $265.48. 1,321,092 shares of the stock were exchanged, compared to its average volume of 1,812,782. American Tower Co. has a twelve month low of $197.50 and a twelve month high of $303.72. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 3.32. The company has a market cap of $120.90 billion, a P/E ratio of 48.27, a PEG ratio of 2.18 and a beta of 0.30. The stock’s 50 day simple moving average is $274.67 and its 200 day simple moving average is $274.72.

American Tower (NYSE:AMT) last posted its quarterly earnings results on Wednesday, October 27th. The real estate investment trust reported $1.58 EPS for the quarter, missing the Zacks’ consensus estimate of $2.27 by ($0.69). The company had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.41 billion. American Tower had a net margin of 27.44% and a return on equity of 39.34%. The firm’s revenue for the quarter was up 21.9% compared to the same quarter last year. During the same period last year, the firm earned $2.23 EPS. As a group, analysts predict that American Tower Co. will post 9.18 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, October 15th. Investors of record on Tuesday, September 28th were given a dividend of $1.31 per share. This is a positive change from American Tower’s previous quarterly dividend of $1.27. The ex-dividend date was Monday, September 27th. This represents a $5.24 annualized dividend and a dividend yield of 1.97%. American Tower’s dividend payout ratio (DPR) is currently 95.27%.

American Tower Company Profile

American Tower Corp. provides real estate investment services, and owns, operates, and develops multitenant communications real estate properties. It operates through the following segments: U.S. & Canada, Asia-Pacific, Europe, Africa Latin America, and Services. The Asia-Pacific segment refers to the operations in Australia and India.

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Institutional Ownership by Quarter for American Tower (NYSE:AMT)

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