American Tower Co. (NYSE:AMT) Shares Sold by NORTHSTAR ASSET MANAGEMENT Co LLC

NORTHSTAR ASSET MANAGEMENT Co LLC cut its position in American Tower Co. (NYSE:AMT) by 4.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,895 shares of the real estate investment trust’s stock after selling 780 shares during the period. American Tower makes up 0.8% of NORTHSTAR ASSET MANAGEMENT Co LLC’s holdings, making the stock its 29th largest position. NORTHSTAR ASSET MANAGEMENT Co LLC’s holdings in American Tower were worth $3,466,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of AMT. CWM LLC raised its stake in shares of American Tower by 0.6% during the 3rd quarter. CWM LLC now owns 12,517 shares of the real estate investment trust’s stock valued at $2,911,000 after buying an additional 78 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in American Tower by 300.6% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,297 shares of the real estate investment trust’s stock worth $766,000 after acquiring an additional 2,474 shares during the period. Valeo Financial Advisors LLC raised its position in American Tower by 6.9% during the third quarter. Valeo Financial Advisors LLC now owns 4,908 shares of the real estate investment trust’s stock valued at $1,141,000 after acquiring an additional 315 shares in the last quarter. Meyer Handelman Co. acquired a new position in American Tower in the third quarter valued at approximately $217,000. Finally, Ritholtz Wealth Management boosted its position in American Tower by 20.6% in the 3rd quarter. Ritholtz Wealth Management now owns 5,443 shares of the real estate investment trust’s stock worth $1,266,000 after purchasing an additional 930 shares in the last quarter. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on AMT. StockNews.com lowered shares of American Tower from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Barclays lowered their target price on shares of American Tower from $215.00 to $214.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. Wells Fargo & Company cut their price target on American Tower from $215.00 to $195.00 and set an “equal weight” rating for the company in a research note on Thursday, January 23rd. BMO Capital Markets lowered their price target on American Tower from $255.00 to $245.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. Finally, JMP Securities assumed coverage on American Tower in a research report on Monday, January 27th. They issued an “outperform” rating and a $225.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $226.23.

American Tower Stock Down 0.4 %

Shares of NYSE AMT opened at $188.91 on Monday. American Tower Co. has a 12-month low of $170.46 and a 12-month high of $243.56. The stock has a market cap of $88.28 billion, a PE ratio of 79.71, a P/E/G 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. The company has a 50-day moving average of $188.44 and a 200 day moving average of $209.63.

American Tower Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, December 27th were paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date was Friday, December 27th. American Tower’s dividend payout ratio (DPR) is presently 273.42%.

Insider Activity

In related news, CFO Rodney M. Smith sold 16,567 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 62,792 shares in the company, valued at approximately $11,371,631.20. This trade represents a 20.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.18% of the company’s stock.

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.