American Tower Co. (NYSE:AMT) Stock Position Raised by LVW Advisors LLC

LVW Advisors LLC boosted its stake in American Tower Co. (NYSE:AMT - Free Report) by 110.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,782 shares of the real estate investment trust's stock after buying an additional 3,037 shares during the period. LVW Advisors LLC's holdings in American Tower were worth $1,258,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. NBC Securities Inc. increased its position in American Tower by 150,100.0% in the first quarter. NBC Securities Inc. now owns 1,502 shares of the real estate investment trust's stock worth $326,000 after buying an additional 1,501 shares during the period. Enterprise Bank & Trust Co increased its position in American Tower by 1.5% in the first quarter. Enterprise Bank & Trust Co now owns 10,576 shares of the real estate investment trust's stock worth $2,301,000 after buying an additional 152 shares during the period. Fiduciary Alliance LLC increased its position in American Tower by 6.7% in the first quarter. Fiduciary Alliance LLC now owns 5,281 shares of the real estate investment trust's stock worth $1,149,000 after buying an additional 331 shares during the period. Baker Tilly Wealth Management LLC increased its position in American Tower by 62.2% in the first quarter. Baker Tilly Wealth Management LLC now owns 4,734 shares of the real estate investment trust's stock worth $1,030,000 after buying an additional 1,815 shares during the period. Finally, Douglas Lane & Associates LLC increased its position in American Tower by 1.8% in the first quarter. Douglas Lane & Associates LLC now owns 439,144 shares of the real estate investment trust's stock worth $95,558,000 after buying an additional 7,883 shares during the period. 92.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AMT. Bank of America began coverage on American Tower in a research note on Monday, May 19th. They issued a "buy" rating and a $255.00 price target for the company. Wells Fargo & Company increased their price target on American Tower from $230.00 to $240.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Morgan Stanley began coverage on American Tower in a research note on Tuesday, April 1st. They issued an "overweight" rating and a $250.00 price target for the company. Hsbc Global Res raised American Tower to a "strong-buy" rating in a research note on Thursday, February 27th. Finally, BMO Capital Markets increased their price target on American Tower from $210.00 to $220.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 26th. Two equities research 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 stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $240.25.

American Tower Trading Up 0.5%

Shares of NYSE:AMT traded up $1.13 during midday trading on Thursday, reaching $215.49. The company had a trading volume of 1,013,066 shares, compared to its average volume of 2,490,516. 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 1-year low of $172.51 and a 1-year high of $243.56. The firm has a market cap of $100.88 billion, a price-to-earnings ratio of 90.92, a price-to-earnings-growth ratio of 1.29 and a beta of 0.82. The company has a fifty day simple moving average of $215.26 and a two-hundred day simple moving average of $202.58.

American Tower (NYSE:AMT - Get Free Report) last released its quarterly earnings results 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 22.01% and a net margin of 10.05%. The business had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.54 billion. During the same quarter last year, the company posted $2.79 EPS. American Tower's revenue for the quarter was down 9.6% on a year-over-year basis. Research analysts predict that American Tower Co. will post 10.14 earnings per share for the current year.

American Tower Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 13th will be paid a $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 3.16%. The ex-dividend date is Friday, June 13th. American Tower's dividend payout ratio is currently 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.