Robeco Institutional Asset Management B.V. Sells 8,670 Shares of American Tower Corporation (NYSE:AMT)

Robeco Institutional Asset Management B.V. decreased its position in American Tower Corporation (NYSE:AMT - Free Report) by 4.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 190,140 shares of the real estate investment trust's stock after selling 8,670 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in American Tower were worth $41,374,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of American Tower in the first quarter valued at approximately $31,000. Lowe Wealth Advisors LLC increased its position in 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 worth $35,000 after acquiring an additional 109 shares during the period. Minot DeBlois Advisors LLC bought a new position in American Tower during the fourth quarter worth $29,000. Graney & King LLC bought a new position in American Tower during the fourth quarter worth $32,000. Finally, City Holding Co. bought a new position in American Tower during the first quarter worth $39,000. Institutional investors own 92.69% of the company's stock.

American Tower Stock Performance

Shares of AMT stock opened at $218.06 on Friday. The company has a debt-to-equity ratio of 3.43, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market cap of $102.08 billion, a PE ratio of 56.06, a price-to-earnings-growth ratio of 1.61 and a beta of 0.81. The stock has a 50-day moving average of $215.69 and a 200-day moving average of $203.85. American Tower Corporation has a one year low of $172.51 and a one year high of $243.56.

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

American Tower Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 3.12%. American Tower's dividend payout ratio (DPR) is presently 174.81%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Morgan Stanley assumed coverage on shares of American Tower in a report on Tuesday, April 1st. They issued an "overweight" rating and a $250.00 price target on the stock. Citigroup boosted their price target on shares of American Tower from $220.00 to $235.00 and gave the company a "buy" rating in a report on Monday, March 10th. Wells Fargo & Company boosted their target price on shares of American Tower from $230.00 to $240.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Barclays boosted their target price on shares of American Tower from $214.00 to $223.00 and gave the company an "overweight" rating in a research note on Friday, March 21st. Finally, Royal Bank Of Canada boosted their target price on shares of American Tower from $240.00 to $250.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, American Tower presently has a consensus rating of "Buy" and an average price target 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.

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