Calamos Wealth Management LLC reduced its position in shares of American Tower Corp (NYSE:AMT) by 21.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,924 shares of the real estate investment trust’s stock after selling 1,042 shares during the quarter. Calamos Wealth Management LLC’s holdings in American Tower were worth $902,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently bought and sold shares of the company. Northwest Investment Counselors LLC bought a new stake in American Tower during the 3rd quarter valued at $25,000. Country Trust Bank raised its holdings in American Tower by 289.3% during the 4th quarter. Country Trust Bank now owns 109 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 81 shares during the last quarter. NewSquare Capital LLC raised its holdings in American Tower by 192.3% during the 2nd quarter. NewSquare Capital LLC now owns 152 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 100 shares during the last quarter. Marquette Asset Management LLC bought a new stake in American Tower during the 3rd quarter valued at $33,000. Finally, AdvisorNet Financial Inc raised its holdings in American Tower by 136.5% during the 3rd quarter. AdvisorNet Financial Inc now owns 175 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 101 shares during the last quarter. Institutional investors own 91.63% of the company’s stock.
A number of research analysts have issued reports on AMT shares. Goldman Sachs Group raised shares of American Tower from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $204.00 to $270.00 in a research report on Monday. Morgan Stanley reissued a “hold” rating and set a $218.00 price objective (up from $216.00) on shares of American Tower in a research report on Friday, November 22nd. Cowen boosted their price objective on shares of American Tower from $238.00 to $260.00 and gave the company an “in-line” rating in a research report on Friday, November 1st. KeyCorp boosted their price objective on shares of American Tower from $242.00 to $254.00 and gave the company an “overweight” rating in a research report on Friday, January 10th. Finally, ValuEngine downgraded shares of American Tower from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $224.36.
Shares of American Tower stock opened at $235.38 on Thursday. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 4.40. The company’s fifty day simple moving average is $221.85 and its two-hundred day simple moving average is $218.83. The company has a market cap of $103.63 billion, a P/E ratio of 29.46, a PEG ratio of 1.51 and a beta of 0.41. American Tower Corp has a 12-month low of $162.83 and a 12-month high of $242.00.
American Tower (NYSE:AMT) last issued its quarterly earnings data on Thursday, October 31st. The real estate investment trust reported $1.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.17. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.88 billion. American Tower had a net margin of 20.58% and a return on equity of 27.12%. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.85 EPS. Analysts predict that American Tower Corp will post 7.64 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Friday, December 27th were given a $1.01 dividend. The ex-dividend date was Thursday, December 26th. This is an increase from American Tower’s previous quarterly dividend of $0.95. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.72%. American Tower’s dividend payout ratio is currently 50.56%.
In other news, EVP Olivier Puech sold 313 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $228.56, for a total value of $71,539.28. Following the sale, the executive vice president now directly owns 18,723 shares of the company’s stock, valued at approximately $4,279,328.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Samme L. Thompson sold 3,000 shares of the company’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $227.56, for a total transaction of $682,680.00. Following the completion of the sale, the director now directly owns 22,598 shares in the company, valued at $5,142,400.88. The disclosure for this sale can be found here. Insiders sold a total of 5,574 shares of company stock worth $1,250,626 over the last ninety days. Insiders own 0.75% of the company’s stock.
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 approximately 171,000 communications sites.
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