American Tower Co. (NYSE:AMT) Shares Sold by Valmark Advisers Inc.

Valmark Advisers Inc. trimmed its holdings in shares of American Tower Co. (NYSE:AMT) by 22.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,172 shares of the real estate investment trust’s stock after selling 341 shares during the period. Valmark Advisers Inc.’s holdings in American Tower were worth $253,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Golden State Equity Partners raised its position in shares of American Tower by 15.8% during the 4th quarter. Golden State Equity Partners now owns 2,429 shares of the real estate investment trust’s stock worth $524,000 after purchasing an additional 331 shares during the period. Kovack Advisors Inc. bought a new position in American Tower during the 4th quarter worth $319,000. Bryn Mawr Capital Management LLC acquired a new stake in American Tower in the fourth quarter worth $311,000. Motley Fool Asset Management LLC lifted its stake in American Tower by 74.2% in the fourth quarter. Motley Fool Asset Management LLC now owns 82,418 shares of the real estate investment trust’s stock valued at $17,792,000 after buying an additional 35,113 shares during the last quarter. Finally, Syon Capital LLC boosted its holdings in shares of American Tower by 20.1% during the fourth quarter. Syon Capital LLC now owns 2,065 shares of the real estate investment trust’s stock valued at $446,000 after acquiring an additional 345 shares during the period. 92.69% of the stock is currently owned by institutional investors.

American Tower Stock Up 2.0 %

Shares of AMT stock opened at $175.06 on Tuesday. American Tower Co. has a 1 year low of $154.58 and a 1 year high of $219.10. The company has a debt-to-equity ratio of 3.29, a quick ratio of 0.69 and a current ratio of 0.69. The business’s fifty day moving average is $190.05 and its 200-day moving average is $194.49. The stock has a market cap of $81.64 billion, a PE ratio of 55.05, a price-to-earnings-growth ratio of 1.36 and a beta of 0.67.

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

American Tower Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Friday, April 12th were given a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 3.70%. The ex-dividend date of this dividend was Thursday, April 11th. American Tower’s payout ratio is 203.77%.

Analyst Ratings Changes

Several brokerages recently weighed in on AMT. Barclays lifted their price objective on shares of American Tower from $224.00 to $234.00 and gave the company an “overweight” rating in a research report on Tuesday, March 5th. Mizuho assumed coverage on American Tower in a report on Monday, April 8th. They set a “neutral” rating and a $205.00 price target on the stock. JPMorgan Chase & Co. decreased their price objective on American Tower from $236.00 to $230.00 and set an “overweight” rating for the company in a report on Wednesday, February 28th. StockNews.com downgraded American Tower from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Finally, Morgan Stanley boosted their price target on American Tower from $183.00 to $196.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $217.36.

Insider Activity

In related news, Director Pamela D. A. Reeve sold 5,054 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $190.46, for a total transaction of $962,584.84. Following the completion of the sale, the director now directly owns 18,545 shares in the company, valued at $3,532,080.70. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other American Tower news, CFO Rodney M. Smith sold 11,510 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $205.71, for a total value of $2,367,722.10. Following the completion of the sale, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Pamela D. A. Reeve sold 5,054 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $190.46, for a total transaction of $962,584.84. Following the transaction, the director now owns 18,545 shares in the company, valued at approximately $3,532,080.70. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.

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.