Bokf Na Buys 164 Shares of American Tower Co. (NYSE:AMT)

Bokf Na grew its stake in shares of American Tower Co. (NYSE:AMT) by 2.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,248 shares of the real estate investment trust’s stock after acquiring an additional 164 shares during the period. Bokf Na’s holdings in American Tower were worth $1,206,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of AMT. Northwest Investment Counselors LLC acquired a new stake in shares of American Tower in the first quarter valued at approximately $25,000. Gold Investment Management Ltd. acquired a new stake in shares of American Tower in the fourth quarter valued at approximately $28,000. Private Wealth Management Group LLC acquired a new stake in shares of American Tower in the fourth quarter valued at approximately $31,000. SOA Wealth Advisors LLC. acquired a new stake in shares of American Tower in the first quarter valued at approximately $30,000. Finally, Rational Advisors LLC acquired a new position in American Tower during the first quarter valued at approximately $35,000. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other American Tower 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 completion of the sale, the executive vice president now directly owns 28,413 shares of the company’s stock, valued at approximately $5,692,828.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other American Tower news, Director Robert D. Hormats sold 700 shares of the stock in a transaction that occurred on 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 directly owns 7,332 shares in the company, valued at approximately $1,345,422. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Sanjay Goel sold 3,504 shares of the stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $200.36, for a total transaction of $702,061.44. Following the completion of the sale, the executive vice president now owns 28,413 shares in the company, valued at $5,692,828.68. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by company insiders.

American Tower Stock Down 0.4 %

Shares of AMT traded down $0.80 on Monday, reaching $212.92. The company’s stock had a trading volume of 288,361 shares, compared to its average volume of 2,301,825. 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 twelve month low of $154.58 and a twelve month high of $219.10. The stock has a market capitalization of $99.43 billion, a PE ratio of 48.35, a PEG ratio of 1.50 and a beta of 0.81. The firm has a fifty day moving average of $197.59 and a 200-day moving average of $193.54.

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

American Tower Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Friday, June 14th were issued a $1.62 dividend. The ex-dividend date was Friday, June 14th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 3.04%. American Tower’s dividend payout ratio is presently 146.61%.

Analyst Upgrades and Downgrades

Several research analysts have commented on AMT shares. Mizuho began coverage on shares of American Tower in a research report on Monday, April 8th. They set a “neutral” rating and a $205.00 price objective for the company. 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. Barclays reduced their price objective on shares of American Tower from $234.00 to $223.00 and set an “overweight” rating on the stock in a research note on Thursday, May 30th. Scotiabank reduced their price objective on shares of American Tower from $243.00 to $223.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, May 1st. Finally, The Goldman Sachs Group assumed coverage on shares of American Tower in a research note on Monday, July 1st. They issued a “buy” rating and a $230.00 price objective on the stock. Three analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, American Tower currently has an average rating of “Moderate Buy” and a consensus target price of $222.92.

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.