Asset Dedication LLC decreased its holdings in shares of American Tower Co. (NYSE:AMT – Free Report) by 12.9% within the third quarter, based on the corporate in its most up-to-date 13F submitting with the Securities and Change Fee. The agency owned 840 shares of the actual property funding belief’s inventory after promoting 124 shares through the interval. Asset Dedication LLC’s holdings in American Tower have been price $195,000 as of its most up-to-date SEC submitting.
A number of different hedge funds have additionally just lately made modifications to their positions in AMT. Prospect Monetary Companies LLC elevated its holdings in American Tower by 6.8% within the third quarter. Prospect Monetary Companies LLC now owns 3,365 shares of the actual property funding belief’s inventory price $783,000 after buying an extra 215 shares within the final quarter. Magnus Monetary Group LLC acquired a brand new stake in shares of American Tower through the third quarter price roughly $226,000. Cabot Wealth Administration Inc. elevated its stake in shares of American Tower by 2.5% within the third quarter. Cabot Wealth Administration Inc. now owns 46,613 shares of the actual property funding belief’s inventory valued at $10,840,000 after buying an extra 1,154 shares within the final quarter. Swedbank AB lifted its place in shares of American Tower by 0.8% through the third quarter. Swedbank AB now owns 602,841 shares of the actual property funding belief’s inventory valued at $140,197,000 after buying an extra 4,627 shares through the interval. Lastly, Occidental Asset Administration LLC boosted its place in shares of American Tower by 5.9% through the third quarter. Occidental Asset Administration LLC now owns 13,977 shares of the actual property funding belief’s inventory price $3,250,000 after buying an extra 784 shares within the final quarter. 92.69% of the inventory is owned by institutional traders.
Insider Shopping for and Promoting at American Tower
In different information, CAO Robert Joseph Meyer, Jr. offered 2,181 shares of the inventory in a transaction on Friday, August 2nd. The inventory was offered at a mean value of $232.93, for a complete transaction of $508,020.33. Following the completion of the transaction, the chief accounting officer now owns 31,873 shares within the firm, valued at roughly $7,424,177.89. This represents a 0.00 % lower of their place. The transaction was disclosed in a authorized submitting with the Securities & Change Fee, which could be accessed via this hyperlink. In associated information, CAO Robert Joseph Meyer, Jr. offered 2,181 shares of the corporate’s inventory in a transaction that occurred on Friday, August 2nd. The shares have been offered at a mean value of $232.93, for a complete transaction of $508,020.33. Following the sale, the chief accounting officer now straight owns 31,873 shares within the firm, valued at roughly $7,424,177.89. This represents a 0.00 % lower of their place. The sale was disclosed in a submitting with the SEC, which could be accessed via this hyperlink. Additionally, EVP Olivier Puech offered 10,005 shares of American Tower inventory in a transaction that occurred on Friday, August 2nd. The shares have been offered at a mean value of $233.27, for a complete transaction of $2,333,866.35. Following the completion of the transaction, the manager vice chairman now owns 51,746 shares of the corporate’s inventory, valued at $12,070,789.42. This represents a 0.00 % lower of their possession of the inventory. The disclosure for this sale could be discovered right here. Insiders have offered a complete of 33,723 shares of firm inventory price $7,795,397 during the last ninety days. 0.18% of the inventory is presently owned by firm insiders.
American Tower Buying and selling Down 1.5 %
Shares of American Tower inventory opened at $224.16 on Friday. The agency has a market cap of $104.68 billion, a PE ratio of fifty.71, a P/E/G ratio of 1.01 and a beta of 0.83. American Tower Co. has a 1 yr low of $157.25 and a 1 yr excessive of $243.56. The corporate has a debt-to-equity ratio of three.42, a present ratio of 0.81 and a fast ratio of 0.81. The inventory has a fifty day transferring common value of $228.55 and a 200-day transferring common value of $206.18.
American Tower (NYSE:AMT – Get Free Report) final posted its quarterly earnings information on Tuesday, July thirtieth. The actual property funding belief reported $1.92 earnings per share (EPS) for the quarter, lacking analysts’ consensus estimates of $2.44 by ($0.52). American Tower had a return on fairness of 23.06% and a internet margin of 21.95%. The corporate had income of $2.90 billion for the quarter, in comparison with analysts’ expectations of $2.82 billion. Throughout the identical quarter final yr, the enterprise posted $2.46 EPS. The enterprise’s quarterly income was up 4.7% on a year-over-year foundation. Equities analysis analysts anticipate that American Tower Co. will publish 10.13 EPS for the present yr.
American Tower Declares Dividend
The corporate additionally just lately introduced a quarterly dividend, which might be paid on Friday, October twenty fifth. Shareholders of file on Wednesday, October ninth might be given a $1.62 dividend. This represents a $6.48 dividend on an annualized foundation and a yield of two.89%. The ex-dividend date is Wednesday, October ninth. American Tower’s dividend payout ratio is presently 146.61%.
Analysts Set New Worth Targets
AMT has been the subject of quite a few latest analysis experiences. Barclays elevated their goal value on American Tower from $223.00 to $255.00 and gave the inventory an “obese” ranking in a report on Thursday, October tenth. Mizuho lifted their value goal on shares of American Tower from $205.00 to $221.00 and gave the corporate a “impartial” ranking in a report on Thursday, September twelfth. Wells Fargo & Firm lowered shares of American Tower from an “obese” ranking to an “equal weight” ranking and lowered their goal value for the inventory from $245.00 to $230.00 in a report on Thursday, October tenth. Deutsche Financial institution Aktiengesellschaft lifted their value goal on American Tower from $212.00 to $235.00 and gave the corporate a “purchase” ranking in a analysis observe on Wednesday, August 14th. Lastly, BMO Capital Markets elevated their value goal on American Tower from $246.00 to $260.00 and gave the inventory an “outperform” ranking in a analysis observe on Friday, September thirteenth. Three analysis analysts have rated the inventory with a maintain ranking, ten have given a purchase ranking and one has issued a robust purchase ranking to the corporate. In keeping with information from MarketBeat.com, the corporate presently has a mean ranking of “Reasonable Purchase” and a consensus value goal of $237.92.
View Our Newest Evaluation on AMT
American Tower Profile
American Tower, one of many largest international REITs, is a number one unbiased proprietor, operator and developer of multitenant communications actual property with a portfolio of over 224,000 communications websites and a extremely interconnected footprint of U.S. information middle amenities.
Really helpful Tales
Obtain Information & Scores for American Tower Day by day – Enter your e mail handle beneath to obtain a concise each day abstract of the newest information and analysts’ scores for American Tower and associated corporations with MarketBeat.com’s FREE each day e mail publication.