Stephens Inc. AR Has $12.68 Million Stock Holdings in American Tower Co. (NYSE:AMT)

Stephens Inc. AR reduced its position in shares of American Tower Co. (NYSE:AMT) by 3.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,151 shares of the real estate investment trust’s stock after selling 2,224 shares during the period. Stephens Inc. AR’s holdings in American Tower were worth $12,683,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMT. Family Capital Trust Co boosted its stake in shares of American Tower by 1.8% in the 4th quarter. Family Capital Trust Co now owns 23,458 shares of the real estate investment trust’s stock valued at $4,302,000 after purchasing an additional 411 shares in the last quarter. Empowered Funds LLC lifted its stake in American Tower by 17.7% in the 4th quarter. Empowered Funds LLC now owns 11,693 shares of the real estate investment trust’s stock valued at $2,145,000 after purchasing an additional 1,758 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its position in American Tower by 8.2% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 8,295 shares of the real estate investment trust’s stock valued at $1,521,000 after buying an additional 626 shares in the last quarter. Kingsview Wealth Management LLC grew its stake in shares of American Tower by 19.0% during the fourth quarter. Kingsview Wealth Management LLC now owns 170,909 shares of the real estate investment trust’s stock worth $31,346,000 after buying an additional 27,251 shares during the last quarter. Finally, Vest Financial LLC increased its holdings in shares of American Tower by 29.1% during the fourth quarter. Vest Financial LLC now owns 18,282 shares of the real estate investment trust’s stock worth $3,353,000 after buying an additional 4,116 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on AMT. The Goldman Sachs Group dropped their target price on American Tower from $260.00 to $234.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. Mizuho cut their target price 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. Barclays decreased their price target on shares of American Tower from $215.00 to $214.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. Scotiabank cut their price target on shares of American Tower from $236.00 to $220.00 and set a “sector outperform” rating on the stock in a report on Thursday, January 23rd. Finally, Wells Fargo & Company decreased their price objective on American Tower from $215.00 to $195.00 and set an “equal weight” rating for the company in a report on Thursday, January 23rd. Four analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $226.23.

American Tower Price Performance

Shares of AMT opened at $188.91 on Monday. The firm has a market cap of $88.28 billion, a PE ratio of 79.71, a price-to-earnings-growth ratio of 1.27 and a beta of 0.84. American Tower Co. has a 52-week low of $170.46 and a 52-week high of $243.56. The company has a debt-to-equity ratio of 3.27, a quick ratio of 0.69 and a current ratio of 0.69. The business’s 50 day moving average price is $188.44 and its two-hundred day moving average price is $209.63.

American Tower Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, December 27th were issued a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date was Friday, December 27th. American Tower’s payout ratio is 273.42%.

Insider Buying and Selling at American Tower

In other news, CFO Rodney M. Smith sold 16,567 shares of the firm’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 sale, the chief financial officer now directly owns 62,792 shares in the company, valued at $11,371,631.20. This trade represents a 20.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.18% of the company’s stock.

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.