Retireful LLC Makes New $2.26 Million Investment in American Tower Co. (NYSE:AMT)

Retireful LLC bought a new stake in American Tower Co. (NYSE:AMT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 10,473 shares of the real estate investment trust's stock, valued at approximately $2,261,000.

A number of other large investors have also recently bought and sold shares of AMT. McClarren Financial Advisors Inc. bought a new stake in shares of American Tower in the 3rd quarter valued at about $27,000. Emerald Advisers LLC bought a new position in shares of American Tower during the 3rd quarter worth approximately $29,000. Thompson Investment Management Inc. acquired a new position in shares of American Tower during the 4th quarter worth approximately $29,000. Pinnacle Holdings LLC bought a new stake in American Tower in the 1st quarter valued at $29,000. Finally, Eagle Bay Advisors LLC acquired a new stake in American Tower during the 2nd quarter valued at $30,000. Institutional investors and hedge funds own 92.69% of the company's stock.

Insider Buying and Selling at American Tower

In other news, CFO Rodney M. Smith sold 11,510 shares of the firm's stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $205.71, for a total value of $2,367,722.10. Following the sale, the chief financial officer now directly owns 62,969 shares in the company, valued at approximately $12,953,352.99. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CFO Rodney M. Smith sold 11,510 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $205.71, for a total value of $2,367,722.10. Following the completion of the transaction, the chief financial officer now directly owns 62,969 shares in the company, valued at approximately $12,953,352.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Pamela D. A. Reeve sold 5,054 shares of the business's stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $190.46, for a total value of $962,584.84. Following the sale, the director now owns 18,545 shares in the company, valued at approximately $3,532,080.70. The disclosure for this sale can be found here. Company insiders own 0.24% of the company's stock.

American Tower Price Performance

American Tower stock traded down $0.13 during trading hours on Friday, reaching $190.17. 2,538,725 shares of the stock were exchanged, compared to its average volume of 2,066,702. The stock has a 50 day moving average of $195.10 and a two-hundred day moving average of $192.78. The company has a market cap of $88.69 billion, a P/E ratio of 59.80, a price-to-earnings-growth ratio of 1.32 and a beta of 0.67. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 3.29. American Tower Co. has a twelve month low of $154.58 and a twelve month high of $219.10.

American Tower (NYSE:AMT - Get Free Report) last posted its quarterly earnings results on Tuesday, February 27th. The real estate investment trust reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.10 by ($1.16). American Tower had a return on equity of 12.80% and a net margin of 13.31%. The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.74 billion. During the same quarter in the prior year, the business posted $2.34 EPS. The business's revenue was up 3.0% on a year-over-year basis. Equities analysts expect that American Tower Co. will post 10.08 EPS for the current fiscal year.

American Tower Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Friday, April 12th will be paid a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 3.41%. The ex-dividend date is Thursday, April 11th. American Tower's dividend payout ratio (DPR) is presently 213.84%.

Analyst Ratings Changes

AMT has been the subject of a number of research reports. BMO Capital Markets cut their target price on shares of American Tower from $235.00 to $228.00 and set an "outperform" rating for the company in a research note on Wednesday, February 28th. JPMorgan Chase & Co. reduced their price objective on American Tower from $236.00 to $230.00 and set an "overweight" rating for the company in a report on Wednesday, February 28th. StockNews.com cut American Tower from a "buy" rating to a "hold" rating in a report on Friday, March 1st. HSBC started coverage on American Tower in a research report on Thursday, December 14th. They set a "buy" rating and a $245.00 price objective on the stock. Finally, Barclays boosted their target price on shares of American Tower from $224.00 to $234.00 and gave the company an "overweight" rating in a research report on Tuesday, March 5th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $215.90.

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.