American Tower Co. (NYSE:AMT) Stock Position Lowered by Broad Run Investment Management LLC

Broad Run Investment Management LLC cut its stake in American Tower Co. (NYSE:AMT - Free Report) by 14.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 210,435 shares of the real estate investment trust's stock after selling 35,742 shares during the quarter. American Tower accounts for about 5.2% of Broad Run Investment Management LLC's portfolio, making the stock its 9th biggest position. Broad Run Investment Management LLC's holdings in American Tower were worth $38,596,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. Partners Group Holding AG raised its stake in shares of American Tower by 8.3% in the fourth quarter. Partners Group Holding AG now owns 378,592 shares of the real estate investment trust's stock valued at $69,438,000 after buying an additional 28,988 shares during the period. Nordea Investment Management AB increased its stake in American Tower by 28.5% in the fourth 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 during the last quarter. TigerOak Management L.L.C. bought a new stake in American Tower in the 4th quarter worth approximately $1,102,000. Brookstone Capital Management boosted its stake in shares of American Tower by 29.0% in the 4th quarter. Brookstone Capital Management now owns 8,879 shares of the real estate investment trust's stock valued at $1,629,000 after purchasing an additional 1,995 shares in the last quarter. Finally, Aviva PLC boosted its holdings in American Tower by 13.4% during the 4th quarter. Aviva PLC now owns 388,487 shares of the real estate investment trust's stock valued at $71,252,000 after acquiring an additional 46,009 shares during the period. 92.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on AMT shares. UBS Group lifted their price objective on American Tower from $245.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday. Morgan Stanley started coverage on American Tower in a report on Tuesday, April 1st. They set an "overweight" rating and a $250.00 price target for the company. Royal Bank of Canada boosted their price objective on shares of American Tower from $240.00 to $250.00 and gave the stock an "outperform" rating in a report on Thursday. Citigroup upped their target price on shares of American Tower from $220.00 to $235.00 and gave the company a "buy" rating in a research note on Monday, March 10th. Finally, Barclays raised their price target on American Tower from $214.00 to $223.00 and gave the stock an "overweight" rating in a research note on Friday, March 21st. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, American Tower has a consensus rating of "Buy" and a consensus target price of $239.27.

American Tower Price Performance

Shares of AMT stock traded down $1.08 during mid-day trading on Thursday, hitting $224.33. The company had a trading volume of 2,252,946 shares, compared to its average volume of 2,491,530. The company has a market capitalization of $104.86 billion, a P/E ratio of 94.65, a P/E/G ratio of 1.29 and a beta of 0.87. American Tower Co. has a 52-week low of $171.50 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 stock's 50 day moving average price is $212.54 and its 200-day moving average price is $202.24.

American Tower (NYSE:AMT - Get Free Report) last posted its 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 firm had revenue of $2.56 billion during 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 company's quarterly 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. Equities research analysts forecast that American Tower Co. will post 10.14 earnings per share for the current year.

American Tower Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 28th. Stockholders of record on Friday, April 11th were paid a $1.70 dividend. The ex-dividend date was Friday, April 11th. This represents a $6.80 annualized dividend and a dividend yield of 3.03%. This is an increase from American Tower's previous quarterly dividend of $1.62. American Tower's dividend payout ratio is currently 141.37%.

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.