B. Metzler seel. Sohn & Co. Holding AG Takes Position in American Tower Co. (NYSE:AMT)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of American Tower Co. (NYSE:AMT) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 51,595 shares of the real estate investment trust’s stock, valued at approximately $11,998,000.

Other hedge funds also recently bought and sold shares of the company. Banque Cantonale Vaudoise grew its stake in American Tower by 46.8% in the 3rd quarter. Banque Cantonale Vaudoise now owns 25,715 shares of the real estate investment trust’s stock worth $5,980,000 after buying an additional 8,195 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its stake in American Tower by 13.3% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 11,124 shares of the real estate investment trust’s stock worth $2,587,000 after buying an additional 1,306 shares in the last quarter. Prospera Financial Services Inc boosted its stake in shares of American Tower by 1.0% in the 3rd quarter. Prospera Financial Services Inc now owns 16,122 shares of the real estate investment trust’s stock valued at $3,754,000 after purchasing an additional 157 shares in the last quarter. Tranquility Partners LLC boosted its stake in shares of American Tower by 6.9% in the 3rd quarter. Tranquility Partners LLC now owns 6,592 shares of the real estate investment trust’s stock valued at $1,533,000 after purchasing an additional 428 shares in the last quarter. Finally, Knuff & Co LLC boosted its stake in shares of American Tower by 1.9% in the 3rd quarter. Knuff & Co LLC now owns 21,978 shares of the real estate investment trust’s stock valued at $5,111,000 after purchasing an additional 416 shares in the last quarter. Hedge funds and other institutional investors own 92.69% of the company’s stock.

American Tower Trading Up 1.2 %

NYSE:AMT opened at $198.84 on Tuesday. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 3.27. American Tower Co. has a 52 week low of $170.46 and a 52 week high of $243.56. The firm has a market capitalization of $92.92 billion, a P/E ratio of 83.90, a P/E/G ratio of 1.31 and a beta of 0.84. The company has a fifty day moving average of $221.71 and a 200 day moving average of $211.24.

American Tower (NYSE:AMT) last issued its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.89 EPS for the quarter, missing the consensus estimate of $2.45 by ($1.56). American Tower had a return on equity of 22.01% and a net margin of 10.05%. The company had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.77 billion. During the same quarter last year, the company posted $2.58 earnings per share. The firm’s revenue for the quarter was down 10.5% compared to the same quarter last year. On average, research analysts predict that American Tower Co. will post 10.08 earnings per share for the current year.

American Tower Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Wednesday, October 9th were issued a $1.62 dividend. The ex-dividend date was Wednesday, October 9th. This represents a $6.48 annualized dividend and a yield of 3.26%. American Tower’s dividend payout ratio (DPR) is presently 273.42%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on AMT shares. Royal Bank of Canada upped their price objective on shares of American Tower from $225.00 to $236.00 and gave the company an “outperform” rating in a research note on Thursday, August 15th. JPMorgan Chase & Co. upped their price objective on shares of American Tower from $240.00 to $250.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. Scotiabank cut their price objective on shares of American Tower from $248.00 to $236.00 and set a “sector outperform” rating for the company in a research note on Wednesday, October 30th. StockNews.com cut shares of American Tower from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, TD Cowen upped their price objective on shares of American Tower from $226.00 to $239.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $235.54.

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.