American Tower Corporation (NYSE:AMT) Stock Holdings Increased by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI increased its holdings in shares of American Tower Corporation (NYSE:AMT - Free Report) by 13.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,063 shares of the real estate investment trust's stock after acquiring an additional 3,761 shares during the period. Commerzbank Aktiengesellschaft FI's holdings in American Tower were worth $6,977,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AMT. North Capital Inc. acquired a new stake in American Tower in the first quarter valued at $25,000. Minot DeBlois Advisors LLC acquired a new stake in American Tower in the fourth quarter valued at $29,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in American Tower in the first quarter valued at $31,000. Graney & King LLC acquired a new stake in American Tower in the fourth quarter valued at $32,000. Finally, Lowe Wealth Advisors LLC boosted its stake in shares of American Tower by 218.0% during 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 during the last quarter. Institutional investors and hedge funds own 92.69% of the company's stock.

Wall Street Analysts Forecast Growth

AMT has been the topic of several recent analyst reports. UBS Group increased their target price on American Tower from $250.00 to $260.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. JMP Securities increased their target price on American Tower from $248.00 to $260.00 and gave the stock a "market outperform" rating in a research report on Wednesday, April 30th. Raymond James Financial increased their target price on American Tower from $231.00 to $251.00 and gave the stock a "strong-buy" rating in a research report on Wednesday, April 30th. Wells Fargo & Company increased their target price on American Tower from $230.00 to $240.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Finally, Bank of America initiated coverage on American Tower in a research report on Monday, May 19th. They set a "buy" rating and a $255.00 target price on the stock. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $240.88.

American Tower Stock Up 0.8%

Shares of NYSE:AMT traded up $1.83 during mid-day trading on Friday, hitting $224.87. 1,253,822 shares of the company traded hands, compared to its average volume of 2,499,878. The firm has a market cap of $105.27 billion, a P/E ratio of 57.81, a PEG ratio of 1.66 and a beta of 0.82. The company has a debt-to-equity ratio of 3.43, a quick ratio of 0.81 and a current ratio of 0.81. American Tower Corporation has a 52-week low of $172.51 and a 52-week high of $243.56. The firm's 50 day simple moving average is $216.43 and its 200 day simple moving average is $207.09.

American Tower (NYSE:AMT - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $2.75 earnings per share for the quarter, beating analysts' consensus estimates of $2.41 by $0.34. American Tower had a return on equity of 30.20% and a net margin of 17.34%. The firm had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.54 billion. During the same quarter last year, the firm earned $2.79 EPS. American Tower's quarterly revenue was down 9.6% on a year-over-year basis. On average, equities analysts anticipate that American Tower Corporation will post 10.14 EPS for the current year.

American Tower Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Friday, June 13th were issued a $1.70 dividend. This represents a $6.80 annualized dividend and a dividend yield of 3.02%. The ex-dividend date was Friday, June 13th. American Tower's dividend payout ratio (DPR) is 174.81%.

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.