LWM Advisory Services LLC Has $435,000 Holdings in American Tower Co. (NYSE:AMT)

LWM Advisory Services LLC lessened its holdings in shares of American Tower Co. (NYSE:AMT) by 6.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,382 shares of the real estate investment trust’s stock after selling 158 shares during the quarter. LWM Advisory Services LLC’s holdings in American Tower were worth $435,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Balentine LLC acquired a new position in shares of American Tower during the third quarter worth $586,000. Nordea Investment Management AB raised its stake in American Tower by 28.5% during the fourth quarter. Nordea Investment Management AB now owns 1,421,095 shares of the real estate investment trust’s stock worth $260,743,000 after buying an additional 314,769 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in American Tower during the third quarter worth $1,156,000. TigerOak Management L.L.C. bought a new position in American Tower during the fourth quarter worth $1,102,000. Finally, Brookstone Capital Management raised its stake in American Tower by 29.0% during the fourth quarter. Brookstone Capital Management now owns 8,879 shares of the real estate investment trust’s stock worth $1,629,000 after buying an additional 1,995 shares during the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

Insider Transactions at American Tower

In other news, CFO Rodney M. Smith sold 16,567 shares of the business’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $181.10, for a total transaction of $3,000,283.70. Following the completion of the sale, the chief financial officer now directly owns 62,792 shares of the company’s stock, valued at $11,371,631.20. The trade was a 20.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.18% of the stock is currently owned by insiders.

Analysts Set New Price Targets

AMT has been the subject of a number of analyst reports. Mizuho lowered their target price 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. The Goldman Sachs Group lowered their target price on shares of American Tower from $260.00 to $234.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. BMO Capital Markets lowered their target price on shares of American Tower from $255.00 to $245.00 and set an “outperform” rating for the company in a research note on Wednesday, October 30th. JMP Securities began 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, Citigroup decreased their price target on shares of American Tower from $255.00 to $220.00 and set a “buy” rating for the company in a research note on Friday, February 14th. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, American Tower presently has an average rating of “Moderate Buy” and a consensus target price of $225.79.

American Tower Trading Down 0.5 %

NYSE:AMT opened at $191.32 on Friday. 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 50-day moving average of $185.67 and a 200-day moving average of $207.49. The company has a market cap of $89.40 billion, a PE ratio of 80.73, a PEG ratio of 1.29 and a beta of 0.84. American Tower Co. has a one year low of $170.46 and a one year high of $243.56.

American Tower Dividend Announcement

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

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.