Brown Advisory Inc. Has $37.81 Million Holdings in American Tower Co. (NYSE:AMT)

Brown Advisory Inc. decreased its position in American Tower Co. (NYSE:AMT - Free Report) by 5.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 206,141 shares of the real estate investment trust's stock after selling 12,364 shares during the period. Brown Advisory Inc.'s holdings in American Tower were worth $37,808,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Versant Capital Management Inc increased its holdings in American Tower by 113.9% in the 4th quarter. Versant Capital Management Inc now owns 261 shares of the real estate investment trust's stock valued at $48,000 after buying an additional 139 shares during the period. Nordea Investment Management AB boosted its position in shares of American Tower by 28.5% during the 4th quarter. Nordea Investment Management AB now owns 1,421,095 shares of the real estate investment trust's stock valued at $260,743,000 after acquiring an additional 314,769 shares in the last quarter. Iowa State Bank increased its stake in American Tower by 2.1% in the fourth quarter. Iowa State Bank now owns 15,843 shares of the real estate investment trust's stock valued at $2,906,000 after acquiring an additional 324 shares during the period. Insight Wealth Strategies LLC increased its stake in American Tower by 1.9% in the fourth quarter. Insight Wealth Strategies LLC now owns 11,051 shares of the real estate investment trust's stock valued at $2,027,000 after acquiring an additional 211 shares during the period. Finally, Ables Iannone Moore & Associates Inc. raised its position in American Tower by 5.9% in the fourth quarter. Ables Iannone Moore & Associates Inc. now owns 16,749 shares of the real estate investment trust's stock worth $3,072,000 after purchasing an additional 938 shares in the last quarter. Institutional investors own 92.69% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Citizens Jmp upgraded American Tower to a "strong-buy" rating in a research note on Monday, January 27th. Scotiabank upped their price target on American Tower from $234.00 to $248.00 and gave the company a "sector outperform" rating in a research report on Wednesday, April 30th. Wells Fargo & Company lifted their price objective on American Tower from $230.00 to $240.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Morgan Stanley started coverage on shares of American Tower in a report on Tuesday, April 1st. They issued an "overweight" rating and a $250.00 target price on the stock. Finally, JMP Securities increased their target price on shares of American Tower from $248.00 to $260.00 and gave the stock a "market outperform" rating in a research report on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $239.27.

American Tower Trading Up 1.0 %

AMT traded up $2.08 during mid-day trading on Friday, reaching $219.96. The stock had a trading volume of 2,499,847 shares, compared to its average volume of 2,483,498. The firm's fifty day simple moving average is $214.88 and its two-hundred day simple moving average is $202.11. The stock has a market capitalization of $102.82 billion, a P/E ratio of 92.81, a P/E/G ratio of 1.29 and a beta of 0.86. American Tower Co. has a 52 week low of $172.51 and a 52 week high of $243.56. The company has a debt-to-equity ratio of 3.27, a quick ratio of 0.69 and a current ratio of 0.69.

American Tower (NYSE:AMT - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $2.75 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $2.54 billion. During the same period last year, the company earned $2.79 earnings per share. The company's revenue was down 9.6% on a year-over-year basis. On average, equities analysts predict that American Tower Co. will post 10.14 EPS for the current year.

American Tower Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 28th. Shareholders of record on Friday, April 11th were issued a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend was Friday, April 11th. This is a positive change from American Tower's previous quarterly dividend of $1.62. American Tower's payout ratio is currently 174.81%.

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.