ORG Partners LLC Has $141,000 Stock Position in American Tower Corporation (NYSE:AMT)

ORG Partners LLC decreased its position in American Tower Corporation (NYSE:AMT - Free Report) by 68.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 641 shares of the real estate investment trust's stock after selling 1,413 shares during the period. ORG Partners LLC's holdings in American Tower were worth $141,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Glenview Trust co raised its holdings in American Tower by 0.8% in the 4th quarter. Glenview Trust co now owns 7,056 shares of the real estate investment trust's stock valued at $1,294,000 after acquiring an additional 54 shares in the last quarter. CreativeOne Wealth LLC raised its holdings in shares of American Tower by 2.1% in the 4th quarter. CreativeOne Wealth LLC now owns 2,601 shares of the real estate investment trust's stock worth $477,000 after buying an additional 54 shares in the last quarter. Fortitude Advisory Group L.L.C. lifted its position in shares of American Tower by 2.9% during the 1st quarter. Fortitude Advisory Group L.L.C. now owns 1,907 shares of the real estate investment trust's stock worth $416,000 after buying an additional 54 shares during the period. Veracity Capital LLC lifted its position in shares of American Tower by 4.7% during the 1st quarter. Veracity Capital LLC now owns 1,237 shares of the real estate investment trust's stock worth $269,000 after buying an additional 56 shares during the period. Finally, Safe Harbor Fiduciary LLC lifted its position in shares of American Tower by 1.1% during the 4th quarter. Safe Harbor Fiduciary LLC now owns 5,330 shares of the real estate investment trust's stock worth $978,000 after buying an additional 58 shares during the period. Institutional investors and hedge funds own 92.69% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on AMT shares. Royal Bank Of Canada raised their target price on American Tower from $240.00 to $250.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Hsbc Global Res upgraded American Tower to a "strong-buy" rating in a research report on Thursday, February 27th. JMP Securities raised 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 raised 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. Finally, Bank of America started coverage on American Tower in a research report on Monday, May 19th. They set a "buy" rating and a $255.00 target price for the company. Two 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 company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $240.25.

American Tower Trading Up 0.8%

Shares of AMT opened at $217.23 on Friday. The stock has a fifty day moving average price of $215.65 and a two-hundred day moving average price of $203.34. 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 company has a market cap of $101.70 billion, a price-to-earnings ratio of 55.84, a PEG ratio of 1.61 and a beta of 0.81.

American Tower (NYSE:AMT - Get Free Report) last released 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 company had revenue of $2.56 billion during the quarter, compared to analysts' expectations of $2.54 billion. American Tower had a return on equity of 30.20% and a net margin of 17.34%. The business's revenue for the quarter was down 9.6% on a year-over-year basis. During the same period last year, the firm earned $2.79 EPS. Analysts predict that American Tower Corporation will post 10.14 EPS for the current fiscal year.

American Tower Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 13th will be paid a $1.70 dividend. The ex-dividend date is Friday, June 13th. This represents a $6.80 annualized dividend and a dividend yield of 3.13%. American Tower's dividend payout ratio (DPR) 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.

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