Radnor Capital Management LLC Grows Position in American Tower Co. (REIT) (NYSE:AMT)


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Radnor Capital Management LLC increased its stake in American Tower Co. (REIT) (NYSE:AMT) by 14.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,038 shares of the real estate investment trust’s stock after buying an additional 250 shares during the quarter. Radnor Capital Management LLC’s holdings in American Tower were worth $457,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in AMT. Sowell Financial Services LLC boosted its holdings in American Tower by 26.6% in the 4th quarter. Sowell Financial Services LLC now owns 11,180 shares of the real estate investment trust’s stock worth $2,510,000 after acquiring an additional 2,348 shares during the period. Mountain Capital Investment Advisors Inc purchased a new stake in shares of American Tower during the fourth quarter valued at approximately $408,000. Arlington Partners LLC acquired a new position in shares of American Tower during the fourth quarter worth $60,000. First Citizens Bank & Trust Co. boosted its stake in shares of American Tower by 6.7% in the fourth quarter. First Citizens Bank & Trust Co. now owns 6,371 shares of the real estate investment trust’s stock valued at $1,430,000 after purchasing an additional 399 shares during the period. Finally, Cox Capital Mgt LLC boosted its stake in shares of American Tower by 149.9% in the fourth quarter. Cox Capital Mgt LLC now owns 10,533 shares of the real estate investment trust’s stock valued at $2,364,000 after purchasing an additional 6,318 shares during the period. Institutional investors and hedge funds own 89.97% of the company’s stock.

In other American Tower news, EVP Olivier Puech sold 320 shares of the business’s stock in a transaction dated Friday, January 8th. The shares were sold at an average price of $220.00, for a total transaction of $70,400.00. Following the sale, the executive vice president now directly owns 17,146 shares in the company, valued at approximately $3,772,120. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Steven O. Vondran sold 1,500 shares of the business’s stock in a transaction dated Tuesday, December 1st. The stock was sold at an average price of $232.00, for a total transaction of $348,000.00. Following the sale, the executive vice president now owns 23,526 shares in the company, valued at $5,458,032. The disclosure for this sale can be found here. Insiders have sold a total of 4,948 shares of company stock worth $1,119,029 over the last 90 days. 0.65% of the stock is owned by insiders.

Several research analysts have recently weighed in on AMT shares. Raymond James decreased their target price on shares of American Tower from $276.00 to $258.00 and set an “outperform” rating for the company in a research note on Tuesday, November 3rd. Deutsche Bank Aktiengesellschaft lowered shares of American Tower from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $295.00 to $245.00 in a report on Friday, December 11th. Zacks Investment Research raised shares of American Tower from a “hold” rating to a “buy” rating and set a $258.00 price objective for the company in a report on Monday, October 19th. Morgan Stanley decreased their price objective on shares of American Tower from $250.00 to $244.00 and set an “equal weight” rating for the company in a report on Tuesday, October 20th. Finally, Wells Fargo & Company decreased their price target on shares of American Tower from $290.00 to $285.00 and set an “overweight” rating for the company in a report on Wednesday, September 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $272.73.

Shares of NYSE:AMT opened at $216.46 on Thursday. The company has a market cap of $96.15 billion, a PE ratio of 51.17, a P/E/G ratio of 1.55 and a beta of 0.25. The company’s 50-day moving average price is $222.79 and its 200 day moving average price is $241.75. American Tower Co. has a fifty-two week low of $174.32 and a fifty-two week high of $272.20. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 5.73.

American Tower (NYSE:AMT) last issued its quarterly earnings data on Tuesday, November 3rd. The real estate investment trust reported $1.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.10 by ($0.06). The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.97 billion. American Tower had a net margin of 24.08% and a return on equity of 42.42%. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.93 earnings per share. As a group, equities analysts anticipate that American Tower Co. will post 8.16 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 2nd. Shareholders of record on Monday, December 28th will be given a dividend of $1.21 per share. This represents a $4.84 dividend on an annualized basis and a dividend yield of 2.24%. This is an increase from American Tower’s previous quarterly dividend of $1.14. The ex-dividend date of this dividend is Thursday, December 24th. American Tower’s payout ratio is 62.61%.

About American Tower

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 181,000 communications sites.

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

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