Jefferies Financial Group Inc. Has $507,000 Position in American Tower Co. (NYSE:AMT)

Jefferies Financial Group Inc. lowered its position in shares of American Tower Co. (NYSE:AMT - Free Report) by 76.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,762 shares of the real estate investment trust's stock after selling 9,209 shares during the period. Jefferies Financial Group Inc.'s holdings in American Tower were worth $507,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. Glenview Trust co grew 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 worth $1,294,000 after buying an additional 54 shares in the last quarter. CreativeOne Wealth LLC boosted its position in American Tower by 2.1% during the 4th quarter. CreativeOne Wealth LLC now owns 2,601 shares of the real estate investment trust's stock worth $477,000 after acquiring an additional 54 shares during the period. Precedent Wealth Partners LLC grew its stake in shares of American Tower by 4.7% in the fourth quarter. Precedent Wealth Partners LLC now owns 1,281 shares of the real estate investment trust's stock worth $235,000 after purchasing an additional 58 shares in the last quarter. Resonant Capital Advisors LLC increased its holdings in shares of American Tower by 5.8% during the fourth quarter. Resonant Capital Advisors LLC now owns 1,113 shares of the real estate investment trust's stock valued at $206,000 after purchasing an additional 61 shares during the period. Finally, Calamos Wealth Management LLC lifted its holdings in American Tower by 2.9% in the fourth quarter. Calamos Wealth Management LLC now owns 2,172 shares of the real estate investment trust's stock worth $398,000 after purchasing an additional 61 shares during the period. 92.69% of the stock is currently owned by institutional investors.

American Tower Stock Up 0.1%

NYSE AMT traded up $0.32 during trading on Tuesday, reaching $215.45. 1,755,888 shares of the company's stock were exchanged, compared to its average volume of 2,504,902. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 3.27. American Tower Co. has a fifty-two week low of $172.51 and a fifty-two week high of $243.56. The company's fifty day simple moving average is $215.11 and its 200-day simple moving average is $201.49. The firm has a market capitalization of $100.86 billion, a PE ratio of 90.91, a P/E/G ratio of 1.29 and a beta of 0.86.

American Tower (NYSE:AMT - Get Free Report) last announced its quarterly earnings data 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. American Tower had a net margin of 10.05% and a return on equity of 22.01%. The firm had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.54 billion. During the same period in the previous year, the firm posted $2.79 earnings per share. The firm's revenue was down 9.6% on a year-over-year basis. Sell-side analysts predict that American Tower Co. will post 10.14 EPS for the current year.

American Tower Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 13th will be issued a dividend of $1.70 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $6.80 annualized dividend and a dividend yield of 3.16%. American Tower's dividend payout ratio is 174.81%.

Analysts Set New Price Targets

A number of research firms have commented on AMT. Morgan Stanley initiated coverage on shares of American Tower in a research report on Tuesday, April 1st. They set an "overweight" rating and a $250.00 price target on the stock. Barclays lifted their price objective on shares of American Tower from $214.00 to $223.00 and gave the stock an "overweight" rating in a research note on Friday, March 21st. Bank of America started coverage on shares of American Tower in a research note on Monday. They set a "buy" rating and a $255.00 target price for the company. BMO Capital Markets lifted their price target on shares of American Tower from $210.00 to $220.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 26th. Finally, JMP Securities increased their price objective on American Tower from $248.00 to $260.00 and gave the company a "market outperform" rating in a research report on Wednesday, April 30th. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $240.25.

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.