American Tower Corporation (NYSE:AMT) Shares Sold by Roundview Capital LLC

Roundview Capital LLC lessened its stake in shares of American Tower Corporation (NYSE:AMT - Free Report) by 34.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,631 shares of the real estate investment trust's stock after selling 2,910 shares during the quarter. Roundview Capital LLC's holdings in American Tower were worth $1,225,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Cohen & Steers Inc. boosted its holdings in shares of American Tower by 21.8% during the fourth quarter. Cohen & Steers Inc. now owns 19,176,365 shares of the real estate investment trust's stock worth $3,516,890,000 after purchasing an additional 3,437,602 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of American Tower by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 11,342,805 shares of the real estate investment trust's stock worth $2,074,956,000 after purchasing an additional 129,192 shares during the last quarter. FMR LLC boosted its holdings in shares of American Tower by 5.0% during the fourth quarter. FMR LLC now owns 11,179,269 shares of the real estate investment trust's stock worth $2,050,390,000 after purchasing an additional 537,136 shares during the last quarter. Capital Research Global Investors boosted its holdings in shares of American Tower by 66.5% during the fourth quarter. Capital Research Global Investors now owns 8,563,046 shares of the real estate investment trust's stock worth $1,570,547,000 after purchasing an additional 3,421,413 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of American Tower during the fourth quarter worth $1,164,851,000. Institutional investors and hedge funds own 92.69% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AMT. 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. Scotiabank increased their target price on American Tower from $234.00 to $248.00 and gave the stock a "sector outperform" rating in a research report on Wednesday, April 30th. Bank of America began coverage on American Tower in a research report on Monday, May 19th. They issued a "buy" rating and a $255.00 target price on the stock. 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. Finally, Royal Bank Of Canada increased 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. Two 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 company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $242.31.

American Tower Stock Up 0.5%

NYSE:AMT traded up $1.12 during mid-day trading on Thursday, reaching $231.30. The stock had a trading volume of 2,034,696 shares, compared to its average volume of 1,726,359. The company has a market capitalization of $108.28 billion, a price-to-earnings ratio of 59.46, a price-to-earnings-growth ratio of 1.27 and a beta of 0.82. American Tower Corporation has a 1-year low of $172.51 and a 1-year high of $243.56. The stock's 50 day simple moving average is $218.37 and its two-hundred day simple moving average is $208.71. 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 (NYSE:AMT - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $2.75 EPS for the quarter, topping analysts' consensus estimates of $2.41 by $0.34. The business had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.54 billion. American Tower had a return on equity of 30.20% and a net margin of 17.34%. The company's revenue for the quarter was down 9.6% compared to the same quarter last year. During the same period last year, the firm earned $2.79 earnings per share. Equities analysts anticipate that American Tower Corporation will post 10.14 EPS for the current year.

American Tower Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Friday, June 13th were paid a $1.70 dividend. The ex-dividend date was Friday, June 13th. This represents a $6.80 dividend on an annualized basis and a yield of 2.94%. American Tower's dividend payout ratio (DPR) is 174.81%.

American Tower Company 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.