American Tower Co. (NYSE:AMT) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of American Tower Co. (NYSE:AMT - Free Report) by 5.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,344,577 shares of the real estate investment trust's stock after acquiring an additional 233,242 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.93% of American Tower worth $796,839,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of AMT. Voloridge Investment Management LLC bought a new stake in shares of American Tower in the 4th quarter valued at approximately $10,575,000. Waverly Advisors LLC increased its stake in shares of American Tower by 11.1% in the fourth quarter. Waverly Advisors LLC now owns 6,068 shares of the real estate investment trust's stock valued at $1,113,000 after purchasing an additional 604 shares during the period. Woodline Partners LP bought a new stake in shares of American Tower during the fourth quarter valued at approximately $5,219,000. Vident Advisory LLC boosted its position in shares of American Tower by 8.1% during the fourth quarter. Vident Advisory LLC now owns 4,611 shares of the real estate investment trust's stock worth $846,000 after buying an additional 347 shares during the period. Finally, Sophron Capital Management L.P. bought a new position in American Tower in the 4th quarter worth approximately $12,586,000. Institutional investors and hedge funds own 92.69% of the company's stock.

American Tower Stock Performance

AMT opened at $215.11 on Tuesday. The stock has a 50-day moving average of $215.11 and a 200-day moving average of $201.49. 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 Co. has a 52-week low of $172.51 and a 52-week high of $243.56. The company has a market cap of $100.70 billion, a PE ratio of 90.76, a price-to-earnings-growth ratio of 1.29 and a beta of 0.86.

American Tower (NYSE:AMT - Get Free Report) last posted its earnings results on Tuesday, April 29th. The real estate investment trust reported $2.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.41 by $0.34. American Tower had a net margin of 10.05% and a return on equity of 22.01%. The business had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same period last year, the business posted $2.79 EPS. American Tower's revenue was down 9.6% compared to the same quarter last year. As a group, equities research analysts forecast that American Tower Co. will post 10.14 earnings per share for the current fiscal year.

American Tower Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 13th will be given a dividend of $1.70 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.16%. American Tower's payout ratio is 174.81%.

Analysts Set New Price Targets

Several analysts have weighed in on AMT shares. Barclays lifted their target price on American Tower from $214.00 to $223.00 and gave the company an "overweight" rating in a research note on Friday, March 21st. Bank of America began coverage on American Tower in a research note on Monday. They set a "buy" rating and a $255.00 target price for the company. BMO Capital Markets raised their price objective on shares of American Tower from $210.00 to $220.00 and gave the company an "outperform" rating in a research report on Wednesday, February 26th. Hsbc Global Res upgraded shares of American Tower to a "strong-buy" rating in a research report on Thursday, February 27th. Finally, JMP Securities boosted their target price on shares of American Tower from $248.00 to $260.00 and gave the company a "market outperform" rating in a research note on Wednesday, April 30th. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, American Tower has a consensus rating of "Buy" and a consensus target price of $240.25.

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.

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