Ossiam Trims Position in American Tower Co. (NYSE:AMT)

Ossiam decreased its holdings in American Tower Co. (NYSE:AMT - Free Report) by 20.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,367 shares of the real estate investment trust's stock after selling 2,877 shares during the quarter. Ossiam's holdings in American Tower were worth $2,085,000 at the end of the most recent reporting period.

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

American Tower Price Performance

Shares of AMT traded down $0.27 on Friday, reaching $210.64. The stock had a trading volume of 2,464,545 shares, compared to its average volume of 2,482,367. The firm has a 50-day moving average of $210.83 and a 200 day moving average of $202.24. The firm has a market capitalization of $98.47 billion, a PE ratio of 88.88, a PEG ratio of 1.29 and a beta of 0.87. American Tower Co. has a twelve month low of $170.46 and a twelve month high of $243.56. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 3.27.

American Tower (NYSE:AMT - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $2.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.79 by $0.83. American Tower had a return on equity of 22.01% and a net margin of 10.05%. The business had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.51 billion. During the same quarter in the previous year, the company posted $2.29 EPS. The business's revenue was up 3.7% on a year-over-year basis. Sell-side 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 will be paid on Monday, April 28th. Shareholders of record on Friday, April 11th will be issued a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date is Friday, April 11th. This is a boost from American Tower's previous quarterly dividend of $1.62. American Tower's dividend payout ratio is 141.37%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on AMT shares. Citizens Jmp upgraded American Tower to a "strong-buy" rating in a research note on Monday, January 27th. Barclays raised their price objective on shares of American Tower from $214.00 to $223.00 and gave the stock an "overweight" rating in a research report on Friday, March 21st. Morgan Stanley began coverage on American Tower in a report on Tuesday, April 1st. They set an "overweight" rating and a $250.00 price target on the stock. JMP Securities started coverage on American Tower in a research report on Monday, January 27th. They set an "outperform" rating and a $225.00 price objective for the company. Finally, Citigroup boosted their target price on American Tower from $220.00 to $235.00 and gave the company a "buy" rating in a report on Monday, March 10th. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, American Tower currently has an average rating of "Buy" and an average target price of $233.07.

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.