American Tower Co. (NYSE:AMT) Stock Holdings Increased by NBC Securities Inc.

NBC Securities Inc. increased its holdings in shares of American Tower Co. (NYSE:AMT - Free Report) by 150,100.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,502 shares of the real estate investment trust's stock after purchasing an additional 1,501 shares during the period. NBC Securities Inc.'s holdings in American Tower were worth $326,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Minot DeBlois Advisors LLC purchased a new stake in shares of American Tower in the fourth quarter worth about $29,000. Roxbury Financial LLC acquired a new position in American Tower during the 4th quarter worth approximately $32,000. Graney & King LLC purchased a new position in American Tower in the 4th quarter worth approximately $32,000. Lowe Wealth Advisors LLC grew its position in American Tower by 218.0% in the first quarter. Lowe Wealth Advisors LLC now owns 159 shares of the real estate investment trust's stock valued at $35,000 after acquiring an additional 109 shares in the last quarter. Finally, Crowley Wealth Management Inc. acquired a new stake in American Tower in the fourth quarter valued at approximately $37,000. 92.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Raymond James boosted their price target on American Tower from $231.00 to $251.00 and gave the stock a "strong-buy" rating in a research note on Wednesday, April 30th. Barclays upped their target price on American Tower from $214.00 to $223.00 and gave the company an "overweight" rating in a research report on Friday, March 21st. JMP Securities increased their target price 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. Hsbc Global Res upgraded shares of American Tower to a "strong-buy" rating in a research note on Thursday, February 27th. Finally, Citigroup upped their price target on shares of 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, fourteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, American Tower presently has an average rating of "Buy" and an average price target of $240.25.

American Tower Stock Performance

NYSE:AMT traded up $1.70 during midday trading on Tuesday, reaching $214.53. 1,624,996 shares of the company traded hands, compared to its average volume of 2,495,469. The firm has a market capitalization of $100.43 billion, a price-to-earnings ratio of 90.52, a price-to-earnings-growth ratio of 1.29 and a beta of 0.81. The company has a fifty day moving average price of $214.72 and a 200 day moving average price of $202.93. The company has a debt-to-equity ratio of 3.27, a current ratio of 0.69 and a quick ratio of 0.69. American Tower Co. has a twelve month low of $172.51 and a twelve month high of $243.56.

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 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.34. The company had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.54 billion. American Tower had a net margin of 10.05% and a return on equity of 22.01%. The company's revenue for the quarter was down 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.79 earnings per share. On average, analysts expect that American Tower Co. will post 10.14 EPS for the current fiscal year.

American Tower Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 13th will be given a $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend is Friday, June 13th. American Tower's dividend payout ratio (DPR) is 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.