Roberts Wealth Advisors LLC Increases Stake in American Tower Co. (NYSE:AMT)

Roberts Wealth Advisors LLC grew its position in American Tower Co. (NYSE:AMT) by 2.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 25,834 shares of the real estate investment trust’s stock after buying an additional 618 shares during the period. American Tower makes up about 1.4% of Roberts Wealth Advisors LLC’s investment portfolio, making the stock its 23rd largest holding. Roberts Wealth Advisors LLC’s holdings in American Tower were worth $4,658,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fortitude Family Office LLC raised its holdings in American Tower by 269.0% in the 3rd quarter. Fortitude Family Office LLC now owns 107 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 78 shares during the last quarter. Northwest Investment Counselors LLC bought a new stake in shares of American Tower in the 3rd quarter worth $30,000. Hara Capital LLC purchased a new position in shares of American Tower in the third quarter worth $31,000. Legacy Investment Solutions LLC bought a new position in shares of American Tower during the third quarter valued at $34,000. Finally, Activest Wealth Management boosted its position in shares of American Tower by 431.0% during the third quarter. Activest Wealth Management now owns 154 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 125 shares during the last quarter. Institutional investors own 92.69% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Rodney M. Smith sold 16,567 shares of the company’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $181.10, for a total value of $3,000,283.70. Following the completion of the transaction, the chief financial officer now owns 62,792 shares of the company’s stock, valued at $11,371,631.20. This represents a 20.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.18% of the stock is currently owned by company insiders.

American Tower Stock Down 0.2 %

NYSE AMT opened at $189.94 on Wednesday. American Tower Co. has a 52 week low of $170.46 and a 52 week high of $243.56. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 3.27. The company has a market capitalization of $88.76 billion, a P/E ratio of 80.14, a price-to-earnings-growth ratio of 1.28 and a beta of 0.84. The stock’s 50-day moving average price is $192.75 and its 200-day moving average price is $211.51.

American Tower (NYSE:AMT) last released its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $2.45 by ($1.56). The firm had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.77 billion. American Tower had a return on equity of 22.01% and a net margin of 10.05%. American Tower’s revenue was down 10.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.58 EPS. On average, equities research analysts predict that American Tower Co. will post 10.15 earnings per share for the current year.

American Tower Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, December 27th will be issued a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 3.41%. The ex-dividend date of this dividend is Friday, December 27th. American Tower’s dividend payout ratio is currently 273.42%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on AMT shares. The Goldman Sachs Group lowered their target price on shares of American Tower from $260.00 to $234.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Mizuho lowered their price objective on shares of American Tower from $221.00 to $204.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. StockNews.com downgraded shares of American Tower from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. 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 report on Wednesday, October 30th. Finally, Barclays cut their price objective on American Tower from $251.00 to $215.00 and set an “overweight” rating for the company in a report on Monday, January 13th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $230.67.

American Tower 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.