LDR Capital Management LLC Has $2.94 Million Holdings in American Tower Co. (NYSE:AMT)

LDR Capital Management LLC grew its position in American Tower Co. (NYSE:AMT) by 96.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,015 shares of the real estate investment trust’s stock after acquiring an additional 7,877 shares during the quarter. American Tower makes up approximately 4.0% of LDR Capital Management LLC’s holdings, making the stock its 6th largest position. LDR Capital Management LLC’s holdings in American Tower were worth $2,937,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in AMT. FMR LLC grew its stake in American Tower by 25.4% during the 3rd quarter. FMR LLC now owns 10,642,133 shares of the real estate investment trust’s stock worth $2,474,934,000 after buying an additional 2,152,646 shares during the last quarter. Adelante Capital Management LLC grew its stake in American Tower by 2,723.4% during the 3rd quarter. Adelante Capital Management LLC now owns 1,203,517 shares of the real estate investment trust’s stock worth $279,890,000 after buying an additional 1,160,890 shares during the last quarter. Pathway Financial Advisers LLC grew its stake in American Tower by 23,224.1% during the 3rd quarter. Pathway Financial Advisers LLC now owns 997,337 shares of the real estate investment trust’s stock worth $231,941,000 after buying an additional 993,061 shares during the last quarter. State Street Corp grew its stake in American Tower by 3.1% during the 3rd quarter. State Street Corp now owns 21,173,423 shares of the real estate investment trust’s stock worth $4,924,091,000 after buying an additional 635,726 shares during the last quarter. Finally, KBC Group NV grew its stake in American Tower by 270.4% during the 3rd quarter. KBC Group NV now owns 466,772 shares of the real estate investment trust’s stock worth $108,553,000 after buying an additional 340,742 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors.

American Tower Stock Down 0.5 %

AMT stock opened at $191.32 on Friday. American Tower Co. has a 52-week low of $170.46 and a 52-week high of $243.56. The company’s 50 day simple moving average is $185.67 and its 200-day simple moving average is $207.64. The company has a debt-to-equity ratio of 3.27, a current ratio of 0.69 and a quick ratio of 0.69. The firm has a market capitalization of $89.40 billion, a P/E ratio of 80.73, a P/E/G ratio of 1.29 and a beta of 0.84.

American Tower Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, December 27th were paid a $1.62 dividend. The ex-dividend date was Friday, December 27th. This represents a $6.48 annualized dividend and a yield of 3.39%. American Tower’s dividend payout ratio is presently 273.42%.

Analysts Set New Price Targets

AMT has been the topic of a number of research analyst reports. Citizens Jmp raised American Tower to a “strong-buy” rating in a report on Monday, January 27th. StockNews.com downgraded shares of American Tower from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Mizuho reduced their price target on shares of American Tower from $221.00 to $204.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. 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 price target for the company. Finally, Scotiabank reduced their price target on shares of American Tower from $236.00 to $220.00 and set a “sector outperform” rating for the company in a research note on Thursday, January 23rd. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, American Tower currently has a consensus rating of “Moderate Buy” and an average price target of $225.79.

Insider Buying and Selling at American Tower

In other American Tower news, CFO Rodney M. Smith sold 16,567 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 62,792 shares in the company, valued at approximately $11,371,631.20. This represents a 20.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.18% of the company’s stock.

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.