LVM Capital Management Ltd. MI Has $2.81 Million Position in American Tower Co. (NYSE:AMT)

LVM Capital Management Ltd. MI lowered its holdings in shares of American Tower Co. (NYSE:AMT) by 72.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,464 shares of the real estate investment trust’s stock after selling 38,058 shares during the period. LVM Capital Management Ltd. MI’s holdings in American Tower were worth $2,805,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Radnor Capital Management LLC acquired a new stake in shares of American Tower in the 2nd quarter valued at $546,000. Nordea Investment Management AB boosted its stake in shares of American Tower by 0.3% in the 2nd quarter. Nordea Investment Management AB now owns 575,026 shares of the real estate investment trust’s stock valued at $111,515,000 after purchasing an additional 1,584 shares in the last quarter. Independence Bank of Kentucky boosted its stake in shares of American Tower by 74.7% in the 2nd quarter. Independence Bank of Kentucky now owns 1,120 shares of the real estate investment trust’s stock valued at $217,000 after purchasing an additional 479 shares in the last quarter. Enterprise Bank & Trust Co raised its holdings in shares of American Tower by 0.9% in the second quarter. Enterprise Bank & Trust Co now owns 11,196 shares of the real estate investment trust’s stock valued at $2,171,000 after buying an additional 95 shares during the last quarter. Finally, Armstrong Advisory Group Inc. raised its holdings in shares of American Tower by 35.5% in the second quarter. Armstrong Advisory Group Inc. now owns 210 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 55 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Insider Transactions at American Tower

In related news, CFO Rodney M. Smith sold 3,524 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $188.91, for a total value of $665,718.84. Following the completion of the transaction, the chief financial officer now directly owns 53,389 shares in the company, valued at approximately $10,085,715.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other American Tower news, CFO Rodney M. Smith sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $178.14, for a total transaction of $1,781,400.00. Following the completion of the transaction, the chief financial officer now owns 50,662 shares of the company’s stock, valued at approximately $9,024,928.68. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Rodney M. Smith sold 3,524 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $188.91, for a total value of $665,718.84. Following the transaction, the chief financial officer now directly owns 53,389 shares of the company’s stock, valued at approximately $10,085,715.99. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,251 shares of company stock worth $2,957,531. 0.24% of the stock is currently owned by company insiders.

American Tower Trading Up 0.1 %

Shares of American Tower stock traded up $0.17 during trading on Friday, hitting $181.25. 717,506 shares of the company were exchanged, compared to its average volume of 2,050,488. The firm has a market capitalization of $84.49 billion, a P/E ratio of 87.48, a price-to-earnings-growth ratio of 1.33 and a beta of 0.58. American Tower Co. has a 1-year low of $172.55 and a 1-year high of $247.78. The firm’s fifty day moving average price is $184.97 and its 200 day moving average price is $192.14. The company has a debt-to-equity ratio of 2.96, a current ratio of 0.73 and a quick ratio of 0.73.

Analyst Ratings Changes

AMT has been the subject of a number of research analyst reports. BMO Capital Markets initiated coverage on American Tower in a report on Thursday, July 13th. They issued an “outperform” rating and a $230.00 price target for the company. Wells Fargo & Company cut their price target on American Tower from $245.00 to $215.00 and set an “overweight” rating for the company in a report on Tuesday, July 18th. Barclays cut their price target on American Tower from $233.00 to $228.00 and set an “overweight” rating for the company in a report on Monday, August 7th. Raymond James dropped their price objective on American Tower from $211.00 to $205.00 and set an “outperform” rating for the company in a report on Tuesday, August 22nd. Finally, Morgan Stanley dropped their price objective on American Tower from $213.00 to $212.00 and set an “equal weight” rating for the company in a report on Thursday. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $240.29.

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 nearly 226,000 communications sites and a highly interconnected footprint of U.S. data center facilities.