Tpg Gp A LLC Has $50.78 Million Stake in American Tower Co. (NYSE:AMT)

Tpg Gp A LLC boosted its stake in American Tower Co. (NYSE:AMT) by 3.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 276,861 shares of the real estate investment trust’s stock after buying an additional 8,281 shares during the quarter. American Tower makes up about 0.8% of Tpg Gp A LLC’s investment portfolio, making the stock its 25th largest position. Tpg Gp A LLC owned 0.06% of American Tower worth $50,779,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also bought and sold shares of the company. Minot DeBlois Advisors LLC acquired a new stake in American Tower in the 4th quarter valued at $29,000. Roxbury Financial LLC acquired a new stake in American Tower in the 4th quarter valued at $32,000. Graney & King LLC acquired a new stake in American Tower in the 4th quarter valued at $32,000. Crowley Wealth Management Inc. acquired a new stake in American Tower in the 4th quarter valued at $37,000. Finally, Bank of Jackson Hole Trust bought a new stake in American Tower during the 4th quarter worth approximately $46,000. Institutional investors and hedge funds own 92.69% of the company’s stock.

American Tower Stock Up 0.7%

Shares of AMT opened at $213.24 on Monday. The firm has a market capitalization of $99.83 billion, a price-to-earnings ratio of 89.97, a PEG ratio of 1.29 and a beta of 0.86. The company has a debt-to-equity ratio of 3.27, a quick ratio of 0.69 and a current ratio of 0.69. The business’s fifty day moving average price is $214.94 and its two-hundred day moving average price is $201.47. American Tower Co. has a 52 week low of $172.51 and a 52 week high of $243.56.

American Tower (NYSE:AMT) last announced its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $2.75 EPS for the quarter, beating analysts’ consensus estimates of $2.41 by $0.34. American Tower had a return on equity of 22.01% and a net margin of 10.05%. The firm had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same period last year, the company earned $2.79 EPS. The business’s quarterly revenue was down 9.6% compared to the same quarter last year. On average, analysts predict that American Tower Co. will post 10.14 earnings per share for the current year.

American Tower Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 13th will be given a $1.70 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $6.80 annualized dividend and a dividend yield of 3.19%. American Tower’s dividend payout ratio is currently 174.81%.

Analyst Ratings Changes

AMT has been the topic of a number of research analyst reports. Royal Bank of Canada increased their price target on American Tower from $240.00 to $250.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. Scotiabank increased their price target on American Tower from $234.00 to $248.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, April 30th. JMP Securities increased their price target on American Tower from $248.00 to $260.00 and gave the stock a “market outperform” rating in a research report on Wednesday, April 30th. BMO Capital Markets increased their price target on American Tower from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th. Finally, Hsbc Global Res upgraded American Tower to a “strong-buy” rating in a research report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $239.27.

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.