American Tower Co. (NYSE:AMT) Shares Sold by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC reduced its holdings in American Tower Co. (NYSE:AMT) by 3.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,941 shares of the real estate investment trust’s stock after selling 3,172 shares during the quarter. American Tower comprises 1.0% of Motley Fool Wealth Management LLC’s investment portfolio, making the stock its 27th biggest holding. Motley Fool Wealth Management LLC’s holdings in American Tower were worth $20,684,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMT. Valeo Financial Advisors LLC raised its holdings in American Tower by 4.8% during the second quarter. Valeo Financial Advisors LLC now owns 4,593 shares of the real estate investment trust’s stock worth $893,000 after purchasing an additional 209 shares during the last quarter. Csenge Advisory Group raised its holdings in American Tower by 12.6% during the second quarter. Csenge Advisory Group now owns 6,195 shares of the real estate investment trust’s stock worth $1,204,000 after purchasing an additional 692 shares during the last quarter. CX Institutional raised its holdings in shares of American Tower by 3.5% in the second quarter. CX Institutional now owns 1,879 shares of the real estate investment trust’s stock worth $365,000 after acquiring an additional 63 shares during the last quarter. Ables Iannone Moore & Associates Inc. raised its holdings in shares of American Tower by 11.4% in the second quarter. Ables Iannone Moore & Associates Inc. now owns 15,830 shares of the real estate investment trust’s stock worth $3,077,000 after acquiring an additional 1,622 shares during the last quarter. Finally, Manning & Napier Advisors LLC acquired a new position in shares of American Tower in the second quarter worth $9,796,000. 92.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AMT. Deutsche Bank Aktiengesellschaft boosted their price target on American Tower from $212.00 to $235.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Royal Bank of Canada lifted their price objective on American Tower from $225.00 to $236.00 and gave the company an “outperform” rating in a research report on Thursday, August 15th. StockNews.com downgraded American Tower from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Mizuho boosted their price target on American Tower from $205.00 to $221.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. Finally, Barclays lowered their price target on American Tower from $255.00 to $251.00 and set an “overweight” rating for the company in a research report on Monday, November 18th. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, American Tower presently has an average rating of “Moderate Buy” and a consensus target price of $235.54.

American Tower Trading Up 0.2 %

Shares of NYSE AMT opened at $207.79 on Wednesday. The stock’s 50 day moving average price is $214.80 and its two-hundred day moving average price is $212.79. American Tower Co. has a 52-week low of $170.46 and a 52-week high of $243.56. The stock has a market capitalization of $97.10 billion, a P/E ratio of 87.68, a PEG ratio of 1.38 and a beta of 0.83. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 3.27.

American Tower (NYSE:AMT) last announced its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.45 by ($1.56). The firm had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.77 billion. American Tower had a net margin of 10.05% and a return on equity of 22.01%. The company’s quarterly revenue was down 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.58 EPS. On average, analysts anticipate that American Tower Co. will post 10.08 earnings per share for the current fiscal year.

American Tower Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Wednesday, October 9th were issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 3.12%. The ex-dividend date was Wednesday, October 9th. American Tower’s dividend payout ratio (DPR) is presently 273.42%.

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 over 224,000 communications sites and a highly interconnected footprint of U.S. data center facilities.