Deutsche Bank AG Has $1.30 Billion Position in American Tower Co. (NYSE:AMT)

Deutsche Bank AG lessened its holdings in shares of American Tower Co. (NYSE:AMT - Free Report) by 3.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,098,173 shares of the real estate investment trust's stock after selling 278,387 shares during the quarter. Deutsche Bank AG owned approximately 1.52% of American Tower worth $1,301,876,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Park National Corp OH grew its position in shares of American Tower by 5.6% in the fourth quarter. Park National Corp OH now owns 48,622 shares of the real estate investment trust's stock valued at $8,918,000 after purchasing an additional 2,564 shares during the last quarter. Fulton Bank N.A. grew its position in shares of American Tower by 37.1% in the fourth quarter. Fulton Bank N.A. now owns 3,339 shares of the real estate investment trust's stock valued at $612,000 after purchasing an additional 904 shares during the last quarter. Douglas Lane & Associates LLC grew its position in shares of American Tower by 5.1% in the fourth quarter. Douglas Lane & Associates LLC now owns 431,261 shares of the real estate investment trust's stock valued at $79,098,000 after purchasing an additional 21,084 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in shares of American Tower by 17.8% in the fourth quarter. Harbor Capital Advisors Inc. now owns 702 shares of the real estate investment trust's stock valued at $129,000 after purchasing an additional 106 shares during the last quarter. Finally, Jacobs & Co. CA grew its position in shares of American Tower by 50.8% in the fourth quarter. Jacobs & Co. CA now owns 35,044 shares of the real estate investment trust's stock valued at $6,427,000 after purchasing an additional 11,799 shares during the last quarter. Institutional investors and hedge funds own 92.69% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on AMT shares. Raymond James upped their target price on American Tower from $231.00 to $251.00 and gave the company a "strong-buy" rating in a research report on Wednesday, April 30th. JMP Securities boosted their price target on American Tower from $248.00 to $260.00 and gave the company a "market outperform" rating in a research note on Wednesday, April 30th. BMO Capital Markets boosted their price target on American Tower from $210.00 to $220.00 and gave the company an "outperform" rating in a research note on Wednesday, February 26th. Barclays boosted their price target on American Tower from $214.00 to $223.00 and gave the company an "overweight" rating in a research note on Friday, March 21st. Finally, UBS Group boosted their price target on American Tower from $245.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $239.27.

American Tower Price Performance

Shares of AMT traded down $12.16 during trading hours on Monday, reaching $207.81. The stock had a trading volume of 4,144,075 shares, compared to its average volume of 2,487,512. American Tower Co. has a 12 month low of $172.51 and a 12 month high of $243.56. The stock has a market capitalization of $97.14 billion, a PE ratio of 87.68, a PEG ratio of 1.29 and a beta of 0.86. The company has a debt-to-equity ratio of 3.27, a quick ratio of 0.69 and a current ratio of 0.69. The company's 50-day moving average is $215.14 and its two-hundred day moving average is $201.77.

American Tower (NYSE:AMT - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $2.75 EPS for the quarter, beating analysts' consensus estimates of $2.41 by $0.34. The company had revenue of $2.56 billion during the quarter, compared to analysts' expectations of $2.54 billion. American Tower had a return on equity of 22.01% and a net margin of 10.05%. American Tower's revenue was down 9.6% compared to the same quarter last year. During the same period in the prior year, the company earned $2.79 EPS. Research analysts expect that American Tower Co. will post 10.14 EPS for the current year.

American Tower Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 28th. Investors 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 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend was Friday, April 11th. American Tower's dividend payout ratio (DPR) is currently 174.81%.

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 over 224,000 communications sites and a highly interconnected footprint of U.S. data center facilities.