Epoch Investment Partners Inc. Has $64.28 Million Stock Holdings in American Tower Co. (NYSE:AMT)

Epoch Investment Partners Inc. increased its position in shares of American Tower Co. (NYSE:AMT) by 389.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 325,324 shares of the real estate investment trust’s stock after acquiring an additional 258,894 shares during the period. Epoch Investment Partners Inc. owned about 0.07% of American Tower worth $64,281,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Cross Staff Investments Inc boosted its position in shares of American Tower by 5.1% during the 4th quarter. Cross Staff Investments Inc now owns 5,027 shares of the real estate investment trust’s stock worth $1,085,000 after acquiring an additional 244 shares in the last quarter. Anchor Capital Advisors LLC grew its stake in shares of American Tower by 38.1% during the fourth quarter. Anchor Capital Advisors LLC now owns 76,625 shares of the real estate investment trust’s stock worth $16,542,000 after buying an additional 21,139 shares during the last quarter. Meyer Handelman Co. bought a new stake in shares of American Tower during the first quarter worth $801,000. TD Asset Management Inc grew its stake in shares of American Tower by 23.2% during the fourth quarter. TD Asset Management Inc now owns 275,428 shares of the real estate investment trust’s stock worth $59,459,000 after buying an additional 51,882 shares during the last quarter. Finally, FAS Wealth Partners Inc. bought a new stake in shares of American Tower during the fourth quarter worth $2,001,000. Institutional investors and hedge funds own 92.69% of the company’s stock.

Insider Activity

In related news, Director Robert D. Hormats sold 700 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $183.50, for a total value of $128,450.00. Following the sale, the director now owns 7,332 shares in the company, valued at approximately $1,345,422. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Sanjay Goel sold 3,504 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $200.36, for a total value of $702,061.44. Following the sale, the executive vice president now owns 28,413 shares in the company, valued at approximately $5,692,828.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert D. Hormats sold 700 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $183.50, for a total transaction of $128,450.00. Following the completion of the sale, the director now directly owns 7,332 shares of the company’s stock, valued at $1,345,422. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

American Tower Trading Up 1.8 %

AMT stock traded up $3.80 during midday trading on Friday, hitting $213.72. The stock had a trading volume of 1,548,313 shares, compared to its average volume of 1,581,128. The firm has a market cap of $99.80 billion, a P/E ratio of 48.35, a price-to-earnings-growth ratio of 1.50 and a beta of 0.81. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 3.39. American Tower Co. has a 1-year low of $154.58 and a 1-year high of $219.10. The business has a fifty day moving average price of $197.59 and a two-hundred day moving average price of $193.65.

American Tower (NYSE:AMT) last released its earnings results on Tuesday, April 30th. The real estate investment trust reported $1.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.43 by ($0.47). American Tower had a net margin of 18.42% and a return on equity of 18.45%. The firm had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.79 billion. During the same quarter in the previous year, the firm earned $2.54 EPS. American Tower’s quarterly revenue was up 2.4% on a year-over-year basis. On average, sell-side analysts predict that American Tower Co. will post 10.04 earnings per share for the current fiscal year.

American Tower Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, June 14th were issued a dividend of $1.62 per share. The ex-dividend date was Friday, June 14th. This represents a $6.48 annualized dividend and a dividend yield of 3.03%. American Tower’s dividend payout ratio is currently 146.61%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on AMT shares. Morgan Stanley boosted their target price on shares of American Tower from $183.00 to $196.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Mizuho started coverage on shares of American Tower in a research note on Monday, April 8th. They set a “neutral” rating and a $205.00 target price on the stock. Wells Fargo & Company boosted their target price on shares of American Tower from $200.00 to $225.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. The Goldman Sachs Group started coverage on shares of American Tower in a research note on Monday, July 1st. They set a “buy” rating and a $230.00 target price on the stock. Finally, BMO Capital Markets reduced their price objective on shares of American Tower from $228.00 to $220.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 1st. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, American Tower presently has an average rating of “Moderate Buy” and a consensus price target of $222.92.

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.