Values Added Financial LLC Purchases 549 Shares of American Tower Co. (NYSE:AMT)

Values Added Financial LLC raised its position in American Tower Co. (NYSE:AMT) by 41.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,878 shares of the real estate investment trust’s stock after purchasing an additional 549 shares during the period. Values Added Financial LLC’s holdings in American Tower were worth $344,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Fortitude Family Office LLC raised its holdings in American Tower by 269.0% during the 3rd quarter. Fortitude Family Office LLC now owns 107 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 78 shares during the period. Northwest Investment Counselors LLC bought a new stake in shares of American Tower during the third quarter worth $30,000. Hara Capital LLC acquired a new stake in shares of American Tower during the third quarter worth $31,000. Legacy Investment Solutions LLC bought a new stake in American Tower in the 3rd quarter valued at $34,000. Finally, Activest Wealth Management boosted its stake in American Tower by 431.0% in the 3rd quarter. Activest Wealth Management now owns 154 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 125 shares during the period. 92.69% of the stock is currently owned by institutional investors and hedge funds.

American Tower Stock Up 0.2 %

AMT stock opened at $189.90 on Friday. The business’s 50 day simple moving average is $187.44 and its 200 day simple moving average is $209.20. American Tower Co. has a 1-year low of $170.46 and a 1-year high of $243.56. The firm has a market capitalization of $88.74 billion, a PE ratio of 80.13, a PEG ratio of 1.27 and a beta of 0.84. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, December 27th were paid a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date was Friday, December 27th. American Tower’s dividend payout ratio is presently 273.42%.

Insiders Place Their Bets

In related news, CFO Rodney M. Smith sold 16,567 shares of the business’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $181.10, for a total value of $3,000,283.70. Following the completion of the sale, the chief financial officer now directly owns 62,792 shares in the company, valued at $11,371,631.20. The trade was a 20.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on AMT. Barclays dropped their price target on American Tower from $215.00 to $214.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. BMO Capital Markets decreased 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 report on Wednesday, October 30th. Mizuho cut their price target on shares of American Tower from $221.00 to $204.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. JMP Securities assumed coverage on American Tower in a report on Monday, January 27th. They issued an “outperform” rating and a $225.00 price objective for the company. Finally, Wells Fargo & Company dropped their target price on American Tower from $215.00 to $195.00 and set an “equal weight” rating on the stock in a report on Thursday, January 23rd. Four analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $226.23.

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.