Fullcircle Wealth LLC Has $926,000 Stock Holdings in American Tower Co. (NYSE:AMT)

Fullcircle Wealth LLC reduced its holdings in shares of American Tower Co. (NYSE:AMT) by 3.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,872 shares of the real estate investment trust’s stock after selling 181 shares during the period. Fullcircle Wealth LLC’s holdings in American Tower were worth $926,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Park National Corp OH lifted its position in shares of American Tower by 5.6% during the 4th quarter. Park National Corp OH now owns 48,622 shares of the real estate investment trust’s stock worth $8,918,000 after buying an additional 2,564 shares during the period. Fulton Bank N.A. lifted its holdings in shares of American Tower by 37.1% during the fourth quarter. Fulton Bank N.A. now owns 3,339 shares of the real estate investment trust’s stock valued at $612,000 after acquiring an additional 904 shares during the period. Douglas Lane & Associates LLC boosted its stake in shares of American Tower by 5.1% in the 4th quarter. Douglas Lane & Associates LLC now owns 431,261 shares of the real estate investment trust’s stock valued at $79,098,000 after purchasing an additional 21,084 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of American Tower by 17.8% in the 4th quarter. Harbor Capital Advisors Inc. now owns 702 shares of the real estate investment trust’s stock worth $129,000 after purchasing an additional 106 shares during the last quarter. Finally, Jacobs & Co. CA increased its position in shares of American Tower by 50.8% during the 4th quarter. Jacobs & Co. CA now owns 35,044 shares of the real estate investment trust’s stock worth $6,427,000 after purchasing an additional 11,799 shares in the last quarter. Institutional investors own 92.69% of the company’s stock.

American Tower Trading Down 2.0 %

Shares of NYSE AMT opened at $219.36 on Thursday. American Tower Co. has a fifty-two week low of $172.51 and a fifty-two week high of $243.56. The firm has a market capitalization of $102.54 billion, a P/E ratio of 92.56, a P/E/G ratio of 1.29 and a beta of 0.86. 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 company’s 50 day simple moving average is $214.72 and its 200 day simple moving average is $202.14.

American Tower (NYSE:AMT) last issued its earnings results on Tuesday, April 29th. The real estate investment trust reported $2.75 EPS for the quarter, beating the consensus estimate of $2.41 by $0.34. American Tower had a net margin of 10.05% and a return on equity of 22.01%. The company had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.54 billion. During the same quarter in the previous year, the company posted $2.79 EPS. The business’s revenue for the quarter was down 9.6% compared to the same quarter last year. On average, 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 was paid on Monday, April 28th. Shareholders of record on Friday, April 11th were issued a dividend of $1.70 per share. The ex-dividend date was Friday, April 11th. This represents a $6.80 dividend on an annualized basis and a yield of 3.10%. This is a boost from American Tower’s previous quarterly dividend of $1.62. American Tower’s dividend payout ratio (DPR) is 174.81%.

Wall Street Analyst Weigh In

AMT has been the topic of several research analyst reports. Raymond James upped their price objective on shares of American Tower from $231.00 to $251.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, April 30th. Scotiabank raised their price target on American Tower from $234.00 to $248.00 and gave the company a “sector outperform” rating in a report on Wednesday, April 30th. Mizuho reduced their price objective on American Tower from $221.00 to $204.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Morgan Stanley started coverage on American Tower in a research note on Tuesday, April 1st. They issued an “overweight” rating and a $250.00 target price for the company. Finally, JMP Securities lifted their price target on American Tower from $248.00 to $260.00 and gave the company a “market outperform” rating in a report on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $239.27.

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.