Motco lowered its stake in shares of American Tower Corp (NYSE:AMT) by 4.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,862 shares of the real estate investment trust’s stock after selling 92 shares during the quarter. Motco’s holdings in American Tower were worth $428,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in AMT. Fiera Capital Corp increased its holdings in American Tower by 3.4% in the 4th quarter. Fiera Capital Corp now owns 1,301 shares of the real estate investment trust’s stock worth $299,000 after acquiring an additional 43 shares in the last quarter. Ballentine Partners LLC increased its stake in shares of American Tower by 1.5% during the fourth quarter. Ballentine Partners LLC now owns 3,074 shares of the real estate investment trust’s stock worth $707,000 after purchasing an additional 45 shares in the last quarter. Gryphon Financial Partners LLC increased its stake in shares of American Tower by 0.5% during the fourth quarter. Gryphon Financial Partners LLC now owns 10,231 shares of the real estate investment trust’s stock worth $2,351,000 after purchasing an additional 46 shares in the last quarter. IHT Wealth Management LLC raised its position in shares of American Tower by 1.6% during the 3rd quarter. IHT Wealth Management LLC now owns 3,012 shares of the real estate investment trust’s stock worth $666,000 after purchasing an additional 48 shares during the last quarter. Finally, BKD Wealth Advisors LLC raised its position in shares of American Tower by 1.8% during the 3rd quarter. BKD Wealth Advisors LLC now owns 2,747 shares of the real estate investment trust’s stock worth $607,000 after purchasing an additional 49 shares during the last quarter. 91.68% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts recently issued reports on AMT shares. KeyCorp lifted their price objective on American Tower from $242.00 to $254.00 and gave the stock an “overweight” rating in a report on Friday, January 10th. Cowen increased their target price on American Tower from $238.00 to $260.00 and gave the company an “in-line” rating in a report on Friday, November 1st. Goldman Sachs Group upgraded American Tower from a “neutral” rating to a “buy” rating and raised their target price for the company from $204.00 to $270.00 in a research report on Monday, January 13th. Finally, Morgan Stanley reaffirmed a “hold” rating and issued a $218.00 price target (up from $216.00) on shares of American Tower in a research note on Friday, November 22nd. Ten analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $224.36.
Shares of AMT stock opened at $256.25 on Friday. American Tower Corp has a 1-year low of $171.71 and a 1-year high of $258.62. The firm has a market cap of $113.79 billion, a PE ratio of 31.14, a price-to-earnings-growth ratio of 1.65 and a beta of 0.40. The company has a 50-day moving average of $234.38 and a two-hundred day moving average of $223.24. The company has a debt-to-equity ratio of 4.40, a current ratio of 0.53 and a quick ratio of 0.53.
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 approximately 171,000 communications sites.
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