Schroder Investment Management Group Acquires 6,155 Shares of American Tower Co. (NYSE:AMT)

Schroder Investment Management Group raised its holdings in shares of American Tower Co. (NYSE:AMTFree Report) by 3.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 176,209 shares of the real estate investment trust’s stock after purchasing an additional 6,155 shares during the period. Schroder Investment Management Group’s holdings in American Tower were worth $38,040,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Cross Staff Investments Inc raised its position in shares of American Tower by 5.1% in the 4th quarter. Cross Staff Investments Inc now owns 5,027 shares of the real estate investment trust’s stock worth $1,085,000 after acquiring an additional 244 shares in the last quarter. Gateway Investment Advisers LLC raised its position in shares of American Tower by 57.7% in the 4th quarter. Gateway Investment Advisers LLC now owns 35,751 shares of the real estate investment trust’s stock worth $7,718,000 after acquiring an additional 13,074 shares in the last quarter. Anchor Capital Advisors LLC raised its position in shares of American Tower by 38.1% in the 4th quarter. Anchor Capital Advisors LLC now owns 76,625 shares of the real estate investment trust’s stock worth $16,542,000 after acquiring an additional 21,139 shares in the last quarter. TD Asset Management Inc raised its position in shares of American Tower by 23.2% in the 4th quarter. TD Asset Management Inc now owns 275,428 shares of the real estate investment trust’s stock worth $59,459,000 after acquiring an additional 51,882 shares in the last quarter. Finally, FAS Wealth Partners Inc. bought a new position in shares of American Tower in the 4th quarter worth approximately $2,001,000. Institutional investors own 92.69% of the company’s stock.

Insider Transactions at American Tower

In other news, EVP Sanjay Goel sold 3,504 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $200.36, for a total value of $702,061.44. Following the transaction, the executive vice president now directly owns 28,413 shares in the company, valued at approximately $5,692,828.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Robert D. Hormats sold 700 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $183.50, for a total value of $128,450.00. Following the transaction, the director now directly owns 7,332 shares of the company’s stock, valued at approximately $1,345,422. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Sanjay Goel sold 3,504 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $200.36, for a total value of $702,061.44. Following the completion of the transaction, the executive vice president now directly owns 28,413 shares in the company, valued at $5,692,828.68. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Barclays decreased their target price on American Tower from $234.00 to $223.00 and set an “overweight” rating for the company in a research report on Thursday, May 30th. Raymond James upgraded American Tower from an “outperform” rating to a “strong-buy” rating and upped their price target for the stock from $226.00 to $248.00 in a research note on Wednesday, May 1st. BMO Capital Markets cut their price target on American Tower from $228.00 to $220.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 1st. Mizuho started coverage on American Tower in a research note on Monday, April 8th. They issued a “neutral” rating and a $205.00 price target on the stock. Finally, JPMorgan Chase & Co. cut their price target on American Tower from $236.00 to $230.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 28th. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, American Tower has a consensus rating of “Moderate Buy” and a consensus target price of $220.91.

Read Our Latest Stock Report on American Tower

American Tower Stock Performance

Shares of AMT opened at $194.26 on Monday. The business’s fifty day simple moving average is $184.81 and its two-hundred day simple moving average is $196.24. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 3.39. American Tower Co. has a 12 month low of $154.58 and a 12 month high of $219.10. The company has a market cap of $90.72 billion, a price-to-earnings ratio of 43.95, a P/E/G ratio of 1.39 and a beta of 0.79.

American Tower (NYSE:AMTGet Free Report) last issued its earnings results on Tuesday, April 30th. The real estate investment trust reported $1.96 EPS for the quarter, missing the consensus estimate of $2.43 by ($0.47). American Tower had a net margin of 18.42% and a return on equity of 18.45%. The business had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.79 billion. During the same quarter in the prior year, the business posted $2.54 earnings per share. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. Research analysts anticipate that American Tower Co. will post 9.98 earnings per share for the current fiscal year.

American Tower Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 14th will be paid a $1.62 dividend. The ex-dividend date is Friday, June 14th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 3.34%. American Tower’s dividend payout ratio (DPR) is currently 146.61%.

About American Tower

(Free Report)

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.

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

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