Windsor Group LTD Trims Stake in American Tower Corp (NYSE:AMT)

Windsor Group LTD reduced its position in American Tower Corp (NYSE:AMT) by 10.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,869 shares of the real estate investment trust’s stock after selling 217 shares during the quarter. Windsor Group LTD’s holdings in American Tower were worth $411,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Nelson Roberts Investment Advisors LLC bought a new position in American Tower in the 2nd quarter worth about $27,000. NewSquare Capital LLC grew its stake in American Tower by 192.3% in the 2nd quarter. NewSquare Capital LLC now owns 152 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 100 shares in the last quarter. Next Capital Management LLC bought a new position in American Tower in the 2nd quarter worth about $31,000. CX Institutional grew its stake in American Tower by 54.9% in the 2nd quarter. CX Institutional now owns 158 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 56 shares in the last quarter. Finally, Litman Gregory Asset Management LLC bought a new position in American Tower in the 2nd quarter worth about $33,000. 92.63% of the stock is currently owned by institutional investors.

A number of equities analysts have commented on AMT shares. JPMorgan Chase & Co. upped their target price on shares of American Tower from $200.00 to $220.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. KeyCorp upped their target price on shares of American Tower from $225.00 to $253.00 and gave the stock an “overweight” rating in a research note on Monday, August 19th. SunTrust Banks upped their target price on shares of American Tower to $230.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Zacks Investment Research upgraded shares of American Tower from a “hold” rating to a “buy” rating and set a $237.00 target price on the stock in a research note on Tuesday, August 20th. Finally, ValuEngine downgraded shares of American Tower from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Eleven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $206.87.

In other American Tower news, Director Pamela D. A. Reeve sold 4,167 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $240.80, for a total value of $1,003,413.60. Following the completion of the sale, the director now directly owns 19,139 shares in the company, valued at $4,608,671.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Edmund Disanto sold 63,686 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $221.06, for a total transaction of $14,078,427.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 200,001 shares of company stock worth $44,133,551. Insiders own 0.75% of the company’s stock.

NYSE AMT opened at $229.50 on Tuesday. The company has a debt-to-equity ratio of 4.13, a quick ratio of 0.49 and a current ratio of 0.49. The firm’s 50 day moving average price is $224.79 and its 200-day moving average price is $211.65. American Tower Corp has a 52-week low of $148.43 and a 52-week high of $242.00. The company has a market cap of $101.41 billion, a PE ratio of 28.72, a P/E/G ratio of 1.83 and a beta of 0.44.

American Tower (NYSE:AMT) last released its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.87 by ($0.91). American Tower had a net margin of 19.30% and a return on equity of 24.75%. The business had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the prior year, the business posted $1.74 earnings per share. American Tower’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, analysts forecast that American Tower Corp will post 7.67 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Friday, September 27th were paid a dividend of $0.95 per share. The ex-dividend date of this dividend was Thursday, September 26th. This is an increase from American Tower’s previous quarterly dividend of $0.92. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.66%. American Tower’s dividend payout ratio (DPR) is currently 47.56%.

About American Tower

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 approximately 171,000 communications sites.

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

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