NBC Securities Inc. Has $326,000 Stock Position in American Tower Co. (NYSE:AMT)

NBC Securities Inc. boosted its holdings in shares of American Tower Co. (NYSE:AMT) by 150,100.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,502 shares of the real estate investment trust’s stock after buying an additional 1,501 shares during the period. NBC Securities Inc.’s holdings in American Tower were worth $326,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Partners Group Holding AG raised its position in American Tower by 8.3% during the fourth quarter. Partners Group Holding AG now owns 378,592 shares of the real estate investment trust’s stock valued at $69,438,000 after buying an additional 28,988 shares during the period. TigerOak Management L.L.C. purchased a new position in American Tower in the fourth quarter valued at about $1,102,000. Aviva PLC grew its stake in American Tower by 13.4% in the fourth quarter. Aviva PLC now owns 388,487 shares of the real estate investment trust’s stock valued at $71,252,000 after purchasing an additional 46,009 shares in the last quarter. LGT Group Foundation grew its stake in American Tower by 16.9% in the fourth quarter. LGT Group Foundation now owns 42,608 shares of the real estate investment trust’s stock valued at $7,815,000 after purchasing an additional 6,165 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in American Tower in the fourth quarter valued at about $193,246,000. 92.69% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMT has been the topic of a number of recent research reports. Barclays boosted their target price on American Tower from $214.00 to $223.00 and gave the company an “overweight” rating in a research note on Friday, March 21st. Citigroup boosted their target price on American Tower from $220.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, March 10th. UBS Group boosted their target price on American Tower from $245.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, April 30th. BMO Capital Markets upped their price target on American Tower from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 26th. Finally, Morgan Stanley began coverage on American Tower in a research note on Tuesday, April 1st. They set an “overweight” rating and a $250.00 price target for the company. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $240.25.

American Tower Trading Down 1.7%

AMT stock opened at $212.57 on Friday. The business has a fifty day moving average price of $215.09 and a 200 day moving average price of $202.78. American Tower Co. has a fifty-two week low of $172.51 and a fifty-two week high of $243.56. The stock has a market capitalization of $99.51 billion, a price-to-earnings ratio of 89.69, a P/E/G ratio of 1.29 and a beta of 0.82. The company has a debt-to-equity ratio of 3.27, a current ratio of 0.69 and a quick ratio of 0.69.

American Tower (NYSE:AMT) last announced its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $2.75 EPS for the quarter, beating analysts’ consensus estimates of $2.41 by $0.34. The firm had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.54 billion. American Tower had a return on equity of 22.01% and a net margin of 10.05%. The business’s quarterly revenue was down 9.6% compared to the same quarter last year. During the same period last year, the company earned $2.79 EPS. Analysts expect that American Tower Co. will post 10.14 EPS for the current fiscal year.

American Tower Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 13th will be given a $1.70 dividend. The ex-dividend date is Friday, June 13th. This represents a $6.80 dividend on an annualized basis and a yield of 3.20%. American Tower’s payout ratio is 174.81%.

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.