U.S. Capital Wealth Advisors LLC grew its holdings in shares of American Tower Co. (NYSE:AMT - Free Report) by 118.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,084 shares of the real estate investment trust's stock after purchasing an additional 5,473 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in American Tower were worth $1,850,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Czech National Bank lifted its position in American Tower by 6.9% during the third quarter. Czech National Bank now owns 95,149 shares of the real estate investment trust's stock valued at $22,128,000 after purchasing an additional 6,163 shares during the last quarter. GAMMA Investing LLC lifted its position in American Tower by 34.4% during the third quarter. GAMMA Investing LLC now owns 6,871 shares of the real estate investment trust's stock valued at $1,598,000 after purchasing an additional 1,757 shares during the last quarter. Diversified Trust Co lifted its position in American Tower by 66.8% during the third quarter. Diversified Trust Co now owns 4,750 shares of the real estate investment trust's stock valued at $1,105,000 after purchasing an additional 1,902 shares during the last quarter. Everpar Advisors LLC lifted its position in American Tower by 11.8% during the third quarter. Everpar Advisors LLC now owns 2,047 shares of the real estate investment trust's stock valued at $476,000 after purchasing an additional 216 shares during the last quarter. Finally, Chemistry Wealth Management LLC bought a new stake in American Tower during the third quarter valued at approximately $207,000. Institutional investors own 92.69% of the company's stock.
In other American Tower news, CFO Rodney M. Smith sold 16,567 shares of the business's stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $181.10, for a total value of $3,000,283.70. Following the completion of the transaction, the chief financial officer now owns 62,792 shares of the company's stock, valued at approximately $11,371,631.20. The trade was a 20.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by company insiders.
Several research analysts have commented on AMT shares. The Goldman Sachs Group decreased their price target on shares of American Tower from $260.00 to $234.00 and set a "buy" rating on the stock in a research note on Thursday, December 12th. JMP Securities initiated coverage on shares of American Tower in a research note on Monday, January 27th. They issued an "outperform" rating and a $225.00 target price on the stock. Citizens Jmp raised shares of American Tower to a "strong-buy" rating in a research note on Monday, January 27th. StockNews.com downgraded shares of American Tower from a "buy" rating to a "hold" rating in a research note on Wednesday, October 30th. Finally, BMO Capital Markets decreased their target price on shares of American Tower from $255.00 to $245.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $226.23.
Check Out Our Latest Stock Analysis on American Tower
Shares of American Tower stock opened at $185.53 on Tuesday. The stock has a market cap of $86.70 billion, a price-to-earnings ratio of 78.28, a PEG ratio of 1.24 and a beta of 0.84. The firm's 50-day moving average is $190.58 and its 200 day moving average is $210.42. American Tower Co. has a 1 year low of $170.46 and a 1 year high of $243.56. The company has a debt-to-equity ratio of 3.27, a current ratio of 0.69 and a quick ratio of 0.69.
The company also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, December 27th were paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date was Friday, December 27th. American Tower's payout ratio is 273.42%.
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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