1,134 Shares in American Tower Co. (NYSE:AMT) Purchased by Roman Butler Fullerton & Co.

Roman Butler Fullerton & Co. acquired a new position in American Tower Co. (NYSE:AMT) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 1,134 shares of the real estate investment trust’s stock, valued at approximately $224,000.

Several other institutional investors also recently bought and sold shares of the company. Personal Capital Advisors Corp lifted its stake in American Tower by 1.7% in the 1st quarter. Personal Capital Advisors Corp now owns 2,510 shares of the real estate investment trust’s stock worth $631,000 after purchasing an additional 43 shares in the last quarter. Lumature Wealth Partners LLC lifted its stake in American Tower by 40.3% in the 1st quarter. Lumature Wealth Partners LLC now owns 174 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 50 shares in the last quarter. Alera Investment Advisors LLC lifted its stake in American Tower by 1.3% in the 4th quarter. Alera Investment Advisors LLC now owns 4,105 shares of the real estate investment trust’s stock worth $886,000 after purchasing an additional 51 shares in the last quarter. McIlrath & Eck LLC lifted its stake in American Tower by 18.5% in the 4th quarter. McIlrath & Eck LLC now owns 333 shares of the real estate investment trust’s stock worth $71,000 after purchasing an additional 52 shares in the last quarter. Finally, Golden State Equity Partners lifted its stake in American Tower by 7.0% in the 1st quarter. Golden State Equity Partners now owns 806 shares of the real estate investment trust’s stock worth $202,000 after purchasing an additional 53 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AMT has been the topic of a number of research reports. Barclays raised their target price on shares of American Tower from $224.00 to $234.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 5th. BMO Capital Markets lowered 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. Mizuho initiated coverage on shares of American Tower in a research note on Monday, April 8th. They set a “neutral” rating and a $205.00 target price for the company. StockNews.com downgraded shares of American Tower from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Finally, Morgan Stanley boosted their target price on shares of American Tower from $183.00 to $196.00 and gave the stock an “equal weight” rating in a research note on Monday. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $217.36.

Insider Activity

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

American Tower Stock Performance

NYSE AMT opened at $171.00 on Friday. The company has a debt-to-equity ratio of 3.29, a current ratio of 0.69 and a quick ratio of 0.69. American Tower Co. has a 1 year low of $154.58 and a 1 year high of $219.10. The company has a market capitalization of $79.75 billion, a PE ratio of 53.77, a P/E/G ratio of 1.36 and a beta of 0.67. The company has a fifty day moving average of $192.37 and a two-hundred day moving average of $193.43.

American Tower (NYSE:AMT) last announced its earnings results on Tuesday, February 27th. The real estate investment trust reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $2.10 by ($1.16). American Tower had a net margin of 13.31% and a return on equity of 12.80%. The business had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.74 billion. During the same period in the previous year, the company posted $2.34 earnings per share. American Tower’s quarterly revenue was up 3.0% on a year-over-year basis. As a group, analysts expect that American Tower Co. will post 9.94 earnings per share for the current year.

American Tower Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 12th will be issued a $1.62 dividend. The ex-dividend date is Thursday, April 11th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 3.79%. American Tower’s payout ratio is 203.77%.

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.