Vontobel Holding Ltd. Has $247.19 Million Stock Holdings in American Tower Corporation (NYSE:AMT)

Vontobel Holding Ltd. grew its holdings in American Tower Corporation (NYSE:AMT - Free Report) by 5.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,135,995 shares of the real estate investment trust's stock after buying an additional 61,677 shares during the quarter. Vontobel Holding Ltd. owned 0.24% of American Tower worth $247,193,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Brighton Jones LLC lifted its holdings in American Tower by 113.0% during the 4th quarter. Brighton Jones LLC now owns 3,966 shares of the real estate investment trust's stock valued at $727,000 after purchasing an additional 2,104 shares during the last quarter. Illinois Municipal Retirement Fund increased its holdings in shares of American Tower by 89.5% during the fourth quarter. Illinois Municipal Retirement Fund now owns 5,936 shares of the real estate investment trust's stock worth $1,089,000 after buying an additional 2,804 shares in the last quarter. SVB Wealth LLC bought a new position in shares of American Tower in the fourth quarter valued at approximately $1,800,000. Smartleaf Asset Management LLC boosted its holdings in shares of American Tower by 7.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,880 shares of the real estate investment trust's stock worth $888,000 after acquiring an additional 324 shares in the last quarter. Finally, SRS Capital Advisors Inc. grew its position in American Tower by 383.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,751 shares of the real estate investment trust's stock worth $504,000 after acquiring an additional 2,182 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

American Tower Trading Down 0.7%

Shares of American Tower stock traded down $1.57 during trading on Wednesday, hitting $222.90. 1,937,865 shares of the company were exchanged, compared to its average volume of 2,501,011. The firm has a market capitalization of $104.35 billion, a P/E ratio of 57.30, a price-to-earnings-growth ratio of 1.67 and a beta of 0.82. The firm's fifty day moving average price is $215.82 and its 200 day moving average price is $204.23. The company has a debt-to-equity ratio of 3.43, a current ratio of 0.81 and a quick ratio of 0.81. American Tower Corporation has a 1-year low of $172.51 and a 1-year high of $243.56.

American Tower (NYSE:AMT - Get Free Report) last issued its earnings results on Tuesday, April 29th. The real estate investment trust reported $2.75 EPS for the quarter, beating the consensus estimate 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 net margin of 17.34% and a return on equity of 30.20%. The business's quarterly revenue was down 9.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.79 earnings per share. As a group, sell-side analysts expect that American Tower Corporation will post 10.14 earnings per share for the current fiscal year.

American Tower Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 13th will be given a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend is Friday, June 13th. American Tower's dividend payout ratio is currently 174.81%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on AMT shares. Royal Bank Of Canada lifted their price objective on American Tower from $240.00 to $250.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Barclays lifted their price target on American Tower from $214.00 to $223.00 and gave the company an "overweight" rating in a report on Friday, March 21st. JMP Securities increased their price objective on shares of American Tower from $248.00 to $260.00 and gave the stock a "market outperform" rating in a report on Wednesday, April 30th. Wells Fargo & Company raised their price objective on shares of American Tower from $230.00 to $240.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. Finally, Scotiabank increased their price target on shares of American Tower from $234.00 to $248.00 and gave the company a "sector outperform" rating in a research note on Wednesday, April 30th. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $240.25.

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.