Schnieders Capital Management LLC Has $530,000 Stock Position in American Tower Co. (NYSE:AMT)

Schnieders Capital Management LLC lessened its holdings in American Tower Co. (NYSE:AMT) by 36.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,890 shares of the real estate investment trust’s stock after selling 1,650 shares during the period. Schnieders Capital Management LLC’s holdings in American Tower were worth $530,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Lineweaver Wealth Advisors LLC lifted its holdings in shares of American Tower by 11.3% in the fourth quarter. Lineweaver Wealth Advisors LLC now owns 4,344 shares of the real estate investment trust’s stock valued at $798,000 after purchasing an additional 441 shares in the last quarter. Heritage Investors Management Corp raised its position in American Tower by 3.9% in the 4th quarter. Heritage Investors Management Corp now owns 106,870 shares of the real estate investment trust’s stock valued at $19,601,000 after buying an additional 3,997 shares during the last quarter. Checchi Capital Advisers LLC lifted its stake in American Tower by 5.9% during the 4th quarter. Checchi Capital Advisers LLC now owns 6,052 shares of the real estate investment trust’s stock valued at $1,110,000 after acquiring an additional 336 shares in the last quarter. Advisor OS LLC boosted its holdings in American Tower by 15.4% during the 4th quarter. Advisor OS LLC now owns 1,194 shares of the real estate investment trust’s stock worth $219,000 after acquiring an additional 159 shares during the last quarter. Finally, Illinois Municipal Retirement Fund grew its stake in shares of American Tower by 89.5% in the 4th quarter. Illinois Municipal Retirement Fund now owns 5,936 shares of the real estate investment trust’s stock worth $1,089,000 after acquiring an additional 2,804 shares in the last quarter. Institutional investors own 92.69% of the company’s stock.

American Tower Stock Down 1.5 %

American Tower stock opened at $200.75 on Thursday. The firm has a market capitalization of $93.81 billion, a price-to-earnings ratio of 84.70, a P/E/G ratio of 1.29 and a beta of 0.84. The firm has a 50 day simple moving average of $186.16 and a 200 day simple moving average of $206.96. American Tower Co. has a 1-year low of $170.46 and a 1-year high of $243.56. 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 (NYSE:AMT) last released its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $2.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.79 by $0.83. American Tower had a return on equity of 22.01% and a net margin of 10.05%. The company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.51 billion. During the same period in the previous year, the company posted $2.29 EPS. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, analysts predict that American Tower Co. will post 10.14 earnings per share for the current year.

American Tower Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, December 27th were given a $1.62 dividend. The ex-dividend date was Friday, December 27th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 3.23%. American Tower’s dividend payout ratio (DPR) is currently 273.42%.

Insider Activity at American Tower

In other American Tower news, CFO Rodney M. Smith sold 16,567 shares of the firm’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $181.10, for a total value of $3,000,283.70. Following the completion of the transaction, the chief financial officer now directly owns 62,792 shares of the company’s stock, valued at $11,371,631.20. This trade represents a 20.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.18% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. BMO Capital Markets boosted their price target on shares of American Tower from $210.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday. Mizuho decreased their target price on American Tower from $221.00 to $204.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. The Goldman Sachs Group cut their price target on shares of American Tower from $260.00 to $234.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. Citigroup decreased their price objective on shares of American Tower from $255.00 to $220.00 and set a “buy” rating for the company in a report on Friday, February 14th. Finally, JMP Securities started coverage on shares of American Tower in a research note on Monday, January 27th. They issued an “outperform” rating and a $225.00 target price on the stock. Four analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $225.21.

About American Tower

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.