FRG Household Wealth Advisors LLC diminished its stake in American Tower Co. (NYSE: AMT – Get Ranking ) by 2.6% within the 4th quarter, in line with its most up-to-date 13F submitting with the SEC. The agency owned 23,616 shares of the true property funding belief’s inventory after promoting 637 shares through the quarter. American Tower accounts for 1.2% of FRG Household Wealth Advisors LLC’s holdings, making the inventory its twenty seventh largest place. FRG Household Wealth Advisors LLC’s holdings in American Tower have been value $5,003,000 as of its most up-to-date SEC submitting.
[BREAKING] A brand new “dwelling missile” to exchange the nuclear missile (Due to the markets)
A number of different institutional traders and hedge funds have additionally modified their stakes within the enterprise. EWG Elevate Inc. acquired a brand new place in American Tower through the 4th quarter value about $25,000. Pinnacle Holdings LLC acquired a brand new place in American Tower through the first quarter value about $29,000. Activest Wealth Administration lifted its place in American Tower by 379.3% through the third quarter. Activest Wealth Administration now owns 139 shares of the true property funding belief’s inventory valued at $30,000 after buying an extra 110 shares within the final quarter. Eagle Bay Advisors LLC bought a brand new place in American Tower through the 2nd quarter value about $30,000. Lastly, Tortoise Funding Administration LLC boosted its place in American Tower by 76.8% through the third quarter. Tortoise Funding Administration LLC now owns 145 shares of the true property funding belief’s inventory valued at $31,000 after shopping for an extra 63 shares within the final quarter. Presently, 89.65% of the shares are owned by institutional traders and hedge funds.
American Tower Inventory Efficiency
NYSE AMT traded down $2.34 on Monday, hitting $202.00. The inventory had a buying and selling quantity of 735,310 shares in comparison with its common quantity of two,048,795 shares. The corporate has a debt-to-equity ratio of two.75, a present ratio of 0.54, and a fast ratio of 0.54. The corporate has a fifty day transferring common of $206.37 and a 200 day transferring common of $211.06. American Tower Co. has a 1 yr low of $178.17 and a 1 yr excessive of $282.47. The corporate has a market cap of $94.06 billion, a P/E ratio of 53.21, a price-to-earnings ratio of 1.96 and a beta of 0.56.
American Tower (NYSE: AMT – Get Ranking ) final posted its quarterly earnings information on Thursday, February twenty third. The true property funding belief reported ($1.47) EPS for the quarter, lacking analysts’ consensus estimates of $2.16 by ($3.63). American Tower had a web return of 16.49% and a return on fairness of 15.80%. The corporate reported income of $2.71 billion for the quarter, in comparison with analyst estimates of $2.68 billion. Throughout the identical interval final yr, the corporate earned $2.18 in earnings per share. The corporate’s quarterly revenue elevated by 10.6% in comparison with the identical quarter final yr. On common, inventory analysts anticipate that American Tower Co. will put up 9.26 EPS for the present yr.
American Tower Dividend Announcement
The corporate additionally just lately introduced a quarterly dividend, which might be paid on Friday, April twenty eighth. Shareholders of file on Friday, April 14th might be paid a dividend of $1.56 per share. This quantities to $6.24 in annualized dividends and a dividend yield of three.09%. The ex-dividend date is Thursday, April thirteenth. American Tower’s dividend payout ratio (DPR) is presently 162.50%.
Analysts set new value targets
AMT has been the topic of quite a lot of current research. Truist Monetary reduce their value goal on American Tower from $325.00 to $275.00 and set a “purchase” score for the corporate in a analysis report on Friday, January thirteenth. Moffett Nathanson raised American Tower from a “market carry out” score to an “outperform” score and reduce their value goal for the inventory from $244.00 to $234.00 in a analysis be aware on Thursday. UBS Group reduce their value goal on American Tower from $278.00 to $270.00 in a analysis be aware on Tuesday, December thirteenth. Barclays reduce their value goal on American Tower from $246.00 to $229.00 in a analysis be aware on Thursday, March twenty third. Lastly, Raymond James reduce their value goal on American Tower from $233.00 to $227.00 and set an “outperform” score on the inventory in a analysis be aware on Friday, February twenty fourth. Two equities analysis analysts have rated the inventory with a maintain score and fourteen have given a “purchase” score to the corporate’s inventory. The inventory has a consensus score of “Reasonable Purchase” and a median goal value of $257.76, in line with MarketBeat.com.
Insider Transactions at American Tower
In different information, Director Sam L. Thompson bought 1,739 shares of the inventory in a transaction on Monday, February sixth. The shares have been bought at a median value of $218.59, for a complete transaction amounting to $380,128.01. Following the sale, the director now straight owns 22,099 shares of the corporate’s inventory, valued at roughly $4,830,620.41. The transaction was disclosed in a authorized submitting with the SEC, which is obtainable on the SEC’s web site. In associated information, Director Raymond P. Dolan bought 1,620 shares of the agency’s inventory in a transaction that occurred on Friday, January thirteenth. The shares have been bought at a median value of $229.25 for a complete worth of $371,385.00. Following the sale, the director now straight owns 17,473 shares within the firm, valued at $4,005,685.25. The transaction was disclosed in a authorized submitting with the Securities and Change Fee, which is obtainable at this hyperlink. Additionally, Director Sam L. Thompson bought 1,739 shares of the inventory in a transaction that occurred on Monday, February sixth. The shares have been bought at a median value of $218.59, for a complete quantity of $380,128.01. Following the completion of the transaction, the director now owns 22,099 shares within the firm, valued at $4,830,620.41. Disclosures for this sale could be discovered right here. Insiders have bought 8,587 shares of firm inventory valued at $1,947,849 over the past three months. 0.24% of shares are owned by company insiders.
Concerning the American Tower
American Tower Corp. offers actual property funding companies, owns, manages and develops multi-tenant properties. It gives lease of house on communication websites to wi-fi service suppliers, radio and tv broadcasting corporations. It operates by means of the next segments: US
Really useful tales
Need to know what different hedge funds maintain AMT? Go to HoldingsChannel.com for the most recent 13F filings and insider trades for American Tower Co. (NYSE: AMT – Get Ranking ).
This prompt information alert is powered by MarketBeat’s narrative science know-how and monetary information to offer readers with the quickest and most correct reviews. This story was reviewed by MarketBeat editorial workers previous to publication. Please ship any questions or feedback about this story to email@example.com.
Earlier than you overview American Tower, you need to hear this.
MarketBeat tracks Wall Road’s highest-rated, top-performing analysts and shares they suggest to their shoppers each day. MarketBeat recognized 5 shares that prime analysts are quietly whispering to their shoppers to purchase now, earlier than the broader market takes over… and American Tower wasn’t on the listing.
Whereas American Tower analysts now have a Reasonable Purchase score, the highest 5 scores analysts assume are the most effective buys on the inventory.
See 5 promotions right here