LWM Advisory Services LLC Has $473,000 Stake in American Tower Co. (NYSE:AMT)

LWM Advisory Services LLC trimmed its position in shares of American Tower Co. (NYSE:AMT) by 26.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,189 shares of the real estate investment trust’s stock after selling 788 shares during the quarter. LWM Advisory Services LLC’s holdings in American Tower were worth $473,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of AMT. Oak Thistle LLC raised its position in American Tower by 23.5% in the 3rd quarter. Oak Thistle LLC now owns 2,384 shares of the real estate investment trust’s stock valued at $392,000 after buying an additional 454 shares during the last quarter. U.S. Capital Wealth Advisors LLC raised its position in American Tower by 1.9% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 5,975 shares of the real estate investment trust’s stock valued at $983,000 after buying an additional 112 shares during the last quarter. Valeo Financial Advisors LLC raised its position in American Tower by 13.9% in the 3rd quarter. Valeo Financial Advisors LLC now owns 3,965 shares of the real estate investment trust’s stock valued at $652,000 after buying an additional 483 shares during the last quarter. Manning & Napier Group LLC raised its position in American Tower by 24.8% in the 3rd quarter. Manning & Napier Group LLC now owns 47,973 shares of the real estate investment trust’s stock valued at $7,889,000 after buying an additional 9,522 shares during the last quarter. Finally, Avestar Capital LLC raised its position in American Tower by 10.0% in the 3rd quarter. Avestar Capital LLC now owns 2,258 shares of the real estate investment trust’s stock valued at $371,000 after buying an additional 206 shares during the last quarter. 92.69% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other American Tower news, Director Pamela D. A. Reeve sold 5,054 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $190.46, for a total value of $962,584.84. Following the completion of the transaction, the director now owns 18,545 shares in the company, valued at approximately $3,532,080.70. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other American Tower news, Director Pamela D. A. Reeve sold 5,054 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $190.46, for a total value of $962,584.84. Following the completion of the transaction, the director now owns 18,545 shares in the company, valued at approximately $3,532,080.70. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Rodney M. Smith sold 11,510 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $205.71, for a total value of $2,367,722.10. Following the completion of the sale, the chief financial officer now directly owns 62,969 shares in the company, valued at approximately $12,953,352.99. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.

Analyst Ratings Changes

AMT has been the subject of a number of analyst reports. Barclays increased their price target on American Tower from $224.00 to $234.00 and gave the company an “overweight” rating in a research report on Tuesday, March 5th. Morgan Stanley upped their price objective on American Tower from $183.00 to $196.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. BMO Capital Markets reduced their price objective on American Tower from $235.00 to $228.00 and set an “outperform” rating for the company in a research note on Wednesday, February 28th. JPMorgan Chase & Co. reduced their price objective on American Tower from $236.00 to $230.00 and set an “overweight” rating for the company in a research note on Wednesday, February 28th. Finally, StockNews.com downgraded American Tower from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $217.36.

American Tower Stock Performance

Shares of AMT stock traded up $3.37 on Monday, hitting $175.06. 2,113,991 shares of the stock were exchanged, compared to its average volume of 2,418,816. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 3.29. The firm has a market capitalization of $81.64 billion, a PE ratio of 53.99, a P/E/G ratio of 1.36 and a beta of 0.67. American Tower Co. has a one year low of $154.58 and a one year high of $219.10. The firm’s 50 day moving average is $190.29 and its two-hundred day moving average is $194.42.

American Tower (NYSE:AMT) last posted its quarterly earnings results on Tuesday, February 27th. The real estate investment trust reported $0.94 earnings per share for the quarter, missing the consensus estimate of $2.10 by ($1.16). American Tower had a return on equity of 12.80% and a net margin of 13.31%. The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.74 billion. During the same quarter in the previous year, the company posted $2.34 EPS. The firm’s revenue was up 3.0% compared to the same quarter last year. Sell-side analysts expect that American Tower Co. will post 9.94 earnings per share for the current fiscal year.

American Tower Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Friday, April 12th were paid a $1.62 dividend. The ex-dividend date was Thursday, April 11th. This represents a $6.48 annualized dividend and a yield of 3.70%. American Tower’s dividend payout ratio is currently 203.77%.

American Tower Profile

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.