Nebula Research & Development LLC Purchases Shares of 5,903 American Tower Co. (NYSE:AMT)

Nebula Research & Development LLC acquired a new stake in American Tower Co. (NYSE:AMT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,903 shares of the real estate investment trust's stock, valued at approximately $1,083,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Roxbury Financial LLC bought a new position in shares of American Tower during the fourth quarter worth approximately $32,000. Graney & King LLC acquired a new stake in American Tower during the 4th quarter worth approximately $32,000. Crowley Wealth Management Inc. bought a new position in shares of American Tower during the fourth quarter valued at $37,000. Bank of Jackson Hole Trust bought a new position in American Tower during the 4th quarter worth $46,000. Finally, Versant Capital Management Inc raised its position in shares of American Tower by 113.9% during the fourth quarter. Versant Capital Management Inc now owns 261 shares of the real estate investment trust's stock worth $48,000 after acquiring an additional 139 shares during the last quarter. Institutional investors own 92.69% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AMT. Mizuho decreased their price objective on shares of American Tower from $221.00 to $204.00 and set a "neutral" rating for the company in a research report on Wednesday, January 8th. Citizens Jmp upgraded American Tower to a "strong-buy" rating in a report on Monday, January 27th. Hsbc Global Res raised shares of American Tower to a "strong-buy" rating in a research report on Thursday, February 27th. Morgan Stanley started coverage on shares of American Tower in a research report on Tuesday, April 1st. They set an "overweight" rating and a $250.00 target price for the company. Finally, Raymond James increased their target price on shares of American Tower from $231.00 to $251.00 and gave the company a "strong-buy" rating in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $238.33.

American Tower Stock Performance

NYSE:AMT traded up $4.34 on Wednesday, reaching $225.67. 3,490,758 shares of the company's stock were exchanged, compared to its average volume of 2,497,337. The stock has a fifty day simple moving average of $211.85 and a 200-day simple moving average of $202.07. American Tower Co. has a 52 week low of $170.46 and a 52 week 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 firm has a market cap of $105.49 billion, a price-to-earnings ratio of 95.22, a P/E/G ratio of 1.29 and a beta of 0.87.

American Tower (NYSE:AMT - Get Free Report) last posted its earnings results on Tuesday, April 29th. The real estate investment trust reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.41 by $0.34. The firm had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.54 billion. American Tower had a return on equity of 22.01% and a net margin of 10.05%. The business's quarterly revenue was down 9.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.79 earnings per share. As a group, sell-side analysts predict that American Tower Co. will post 10.14 earnings per share for the current year.

American Tower Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 28th. Stockholders of record on Friday, April 11th were given a dividend of $1.70 per share. This is a positive change from American Tower's previous quarterly dividend of $1.62. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date was Friday, April 11th. American Tower's payout ratio is 141.37%.

American Tower Company 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.