Schwarz Dygos Wheeler Investment Advisors LLC Boosts Position in American Tower Co. (NYSE:AMT)

Schwarz Dygos Wheeler Investment Advisors LLC grew its holdings in shares of American Tower Co. (NYSE:AMT) by 6.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,375 shares of the real estate investment trust’s stock after buying an additional 200 shares during the quarter. Schwarz Dygos Wheeler Investment Advisors LLC’s holdings in American Tower were worth $619,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in AMT. Legacy Investment Solutions LLC acquired a new stake in American Tower in the 3rd quarter valued at $34,000. Activest Wealth Management boosted its position in shares of American Tower by 431.0% in the third quarter. Activest Wealth Management now owns 154 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 125 shares during the period. Roxbury Financial LLC acquired a new stake in shares of American Tower in the fourth quarter valued at about $32,000. Hobbs Group Advisors LLC raised its holdings in shares of American Tower by 51.0% during the 3rd 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 period. Finally, Larson Financial Group LLC lifted its position in American Tower by 49.3% during the 3rd quarter. Larson Financial Group LLC now owns 227 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 75 shares in the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

American Tower Stock Performance

AMT stock opened at $212.49 on Monday. The stock’s 50 day simple moving average is $189.60 and its 200 day simple moving average is $206.21. American Tower Co. has a 12-month low of $170.46 and a 12-month high of $243.56. The firm has a market cap of $99.29 billion, a P/E ratio of 89.66, a P/E/G ratio of 1.29 and a beta of 0.85. 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 (NYSE:AMT) last issued its earnings results on Tuesday, February 25th. The real estate investment trust reported $2.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.79 by $0.83. American Tower had a net margin of 10.05% and a return on equity of 22.01%. The company had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.51 billion. During the same period in the prior year, the company earned $2.29 earnings per share. The firm’s revenue was up 3.7% compared to the same quarter last year. As a group, equities research analysts predict that American Tower Co. will post 10.14 EPS for the current year.

American Tower Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, April 11th will be paid a $1.70 dividend. This is an increase from American Tower’s previous quarterly dividend of $1.62. This represents a $6.80 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date is Friday, April 11th. American Tower’s payout ratio is presently 134.72%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Morgan Stanley lowered their price objective on shares of American Tower from $219.00 to $213.00 and set an “equal weight” rating for the company in a research report on Monday, February 24th. Citigroup lowered their price target on shares of American Tower from $255.00 to $220.00 and set a “buy” rating for the company in a report on Friday, February 14th. JMP Securities assumed coverage on shares of American Tower in a report on Monday, January 27th. They issued an “outperform” rating and a $225.00 price objective on the stock. Citizens Jmp raised shares of American Tower to a “strong-buy” rating in a research report on Monday, January 27th. Finally, Scotiabank dropped their target price on American Tower from $236.00 to $220.00 and set a “sector outperform” rating on the stock in a research report on Thursday, January 23rd. 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 company. According to data from MarketBeat, American Tower currently has a consensus rating of “Moderate Buy” and an average target price of $225.21.

Insider Activity

In other news, CFO Rodney M. Smith sold 16,567 shares of the business’s stock in a transaction on 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 transaction, the chief financial officer now owns 62,792 shares of the company’s stock, valued at approximately $11,371,631.20. The trade was a 20.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.18% of the company’s stock.

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.