Quintet Private Bank Europe S.A. Has $25.41 Million Stock Holdings in American Tower Co. (NYSE:AMT)

Quintet Private Bank Europe S.A. boosted its stake in American Tower Co. (NYSE:AMT) by 11.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 138,538 shares of the real estate investment trust’s stock after purchasing an additional 13,910 shares during the quarter. American Tower comprises about 1.4% of Quintet Private Bank Europe S.A.’s holdings, making the stock its 24th biggest position. Quintet Private Bank Europe S.A.’s holdings in American Tower were worth $25,409,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Hara Capital LLC acquired a new stake in American Tower in the third quarter worth $31,000. Legacy Investment Solutions LLC acquired a new position in shares of American Tower during the third quarter valued at about $34,000. Activest Wealth Management grew its holdings in shares of American Tower by 431.0% during the third quarter. Activest Wealth Management now owns 154 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 125 shares during the last quarter. Roxbury Financial LLC acquired a new position in shares of American Tower during the fourth quarter valued at about $32,000. Finally, Hobbs Group Advisors LLC grew its holdings in shares of American Tower by 51.0% during the third quarter. Hobbs Group Advisors LLC now owns 222 shares of the real estate investment trust’s stock valued at $52,000 after buying an additional 75 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Rodney M. Smith sold 16,567 shares of the business’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 sale, the chief financial officer now 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 document filed with the SEC, which is available at the SEC website. Insiders own 0.18% of the company’s stock.

American Tower Stock Performance

Shares of AMT stock opened at $205.61 on Monday. The firm has a market cap of $96.08 billion, a price-to-earnings ratio of 86.76, a P/E/G ratio of 1.29 and a beta of 0.84. The company has a debt-to-equity ratio of 3.27, a quick ratio of 0.69 and a current ratio of 0.69. American Tower Co. has a 52 week low of $170.46 and a 52 week high of $243.56. The firm’s 50-day simple moving average is $187.09 and its two-hundred day simple moving average is $206.58.

American Tower (NYSE:AMT) last announced its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $2.62 EPS for the quarter, topping the consensus estimate of $1.79 by $0.83. The business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.51 billion. American Tower had a net margin of 10.05% and a return on equity of 22.01%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.29 earnings per share. As a group, equities analysts forecast that American Tower Co. will post 10.14 earnings per share for the current year.

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 given a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 3.15%. The ex-dividend date was Friday, December 27th. American Tower’s dividend payout ratio is 134.72%.

Wall Street Analyst Weigh In

AMT has been the subject of a number of analyst reports. Wells Fargo & Company reduced their price objective on shares of American Tower from $215.00 to $195.00 and set an “equal weight” rating for the company in a report on Thursday, January 23rd. Hsbc Global Res upgraded shares of American Tower to a “strong-buy” rating in a report on Thursday. Mizuho reduced their price objective on shares of American Tower from $221.00 to $204.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. The Goldman Sachs Group reduced their price objective on shares of American Tower from $260.00 to $234.00 and set a “buy” rating for the company in a report on Thursday, December 12th. Finally, JMP Securities initiated coverage on shares of American Tower in a research report on Monday, January 27th. They set an “outperform” rating and a $225.00 price target on the stock. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $225.21.

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.