American Tower Co. (NYSE:AMT) Shares Acquired by Vanderbilt University

Vanderbilt University increased its holdings in shares of American Tower Co. (NYSE:AMT) by 23.9% during the third quarter, Holdings Channel.com reports. The fund owned 44,773 shares of the real estate investment trust’s stock after buying an additional 8,642 shares during the period. American Tower comprises approximately 1.9% of Vanderbilt University’s holdings, making the stock its 7th biggest position. Vanderbilt University’s holdings in American Tower were worth $10,412,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Fairscale Capital LLC acquired a new stake in American Tower in the second quarter valued at approximately $27,000. Northwest Investment Counselors LLC acquired a new stake in American Tower in the 3rd quarter valued at $30,000. Cultivar Capital Inc. purchased a new stake in American Tower in the 2nd quarter worth $25,000. Hobbs Group Advisors LLC acquired a new position in American Tower during the second quarter worth $29,000. Finally, Family Firm Inc. purchased a new position in American Tower during the second quarter valued at $35,000. Hedge funds and other institutional investors own 92.69% of the company’s stock.

American Tower Trading Up 0.7 %

Shares of AMT stock traded up $1.46 on Monday, hitting $224.26. 167,174 shares of the stock traded hands, compared to its average volume of 2,261,775. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.81 and a current ratio of 0.81. American Tower Co. has a twelve month low of $169.70 and a twelve month high of $243.56. The firm’s 50-day moving average price is $228.80 and its two-hundred day moving average price is $207.84. The stock has a market capitalization of $104.75 billion, a PE ratio of 41.88, a PEG ratio of 1.09 and a beta of 0.83.

American Tower (NYSE:AMT) last posted its earnings results on Tuesday, July 30th. The real estate investment trust reported $1.92 earnings per share for the quarter, missing the consensus estimate of $2.44 by ($0.52). The firm had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.82 billion. American Tower had a net margin of 21.95% and a return on equity of 23.06%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.46 earnings per share. As a group, analysts anticipate that American Tower Co. will post 10.08 EPS for the current year.

American Tower Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Wednesday, October 9th were paid a dividend of $1.62 per share. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $6.48 annualized dividend and a yield of 2.89%. American Tower’s dividend payout ratio (DPR) is 121.80%.

Insider Buying and Selling at American Tower

In other news, CEO Steven O. Vondran sold 21,537 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $230.00, for a total transaction of $4,953,510.00. Following the completion of the transaction, the chief executive officer now directly owns 61,843 shares in the company, valued at approximately $14,223,890. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP Olivier Puech sold 10,005 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $233.27, for a total value of $2,333,866.35. Following the sale, the executive vice president now directly owns 51,746 shares of the company’s stock, valued at approximately $12,070,789.42. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Steven O. Vondran sold 21,537 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $230.00, for a total transaction of $4,953,510.00. Following the transaction, the chief executive officer now directly owns 61,843 shares of the company’s stock, valued at $14,223,890. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,723 shares of company stock worth $7,795,397 over the last quarter. 0.18% of the stock is currently owned by company insiders.

Analyst Ratings Changes

AMT has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of American Tower from $212.00 to $235.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Barclays increased their target price on American Tower from $223.00 to $255.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Mizuho raised their target price on American Tower from $205.00 to $221.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. JPMorgan Chase & Co. boosted their price target on American Tower from $240.00 to $250.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. Finally, Royal Bank of Canada raised their price objective on American Tower from $225.00 to $236.00 and gave the company an “outperform” rating in a report on Thursday, August 15th. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $237.92.

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.