DT Investment Partners LLC Sells 247 Shares of American Tower Co. (NYSE:AMT)

DT Investment Partners LLC cut its stake in shares of American Tower Co. (NYSE:AMT) by 13.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,547 shares of the real estate investment trust’s stock after selling 247 shares during the period. DT Investment Partners LLC’s holdings in American Tower were worth $284,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Values Added Financial LLC lifted its stake in American Tower by 41.3% during the 4th quarter. Values Added Financial LLC now owns 1,878 shares of the real estate investment trust’s stock valued at $344,000 after acquiring an additional 549 shares in the last quarter. Vontobel Holding Ltd. lifted its stake in American Tower by 3.4% during the 4th quarter. Vontobel Holding Ltd. now owns 1,074,318 shares of the real estate investment trust’s stock valued at $197,041,000 after acquiring an additional 35,149 shares in the last quarter. Bogart Wealth LLC lifted its stake in American Tower by 19.6% during the 4th quarter. Bogart Wealth LLC now owns 35,869 shares of the real estate investment trust’s stock valued at $6,579,000 after acquiring an additional 5,869 shares in the last quarter. Sunburst Financial Group LLC lifted its stake in American Tower by 4.9% during the 4th quarter. Sunburst Financial Group LLC now owns 1,354 shares of the real estate investment trust’s stock valued at $248,000 after acquiring an additional 63 shares in the last quarter. Finally, Avestar Capital LLC lifted its stake in American Tower by 12.0% during the 4th quarter. Avestar Capital LLC now owns 3,812 shares of the real estate investment trust’s stock valued at $699,000 after acquiring an additional 409 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other American Tower 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 transaction, the chief financial officer now 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is owned by corporate insiders.

American Tower Trading Up 0.2 %

Shares of AMT opened at $189.90 on Friday. The business has a 50-day moving average of $187.44 and a 200 day moving average of $209.20. American Tower Co. has a fifty-two week low of $170.46 and a fifty-two week high of $243.56. The firm has a market cap of $88.74 billion, a P/E ratio of 80.13, a price-to-earnings-growth ratio of 1.27 and a beta of 0.84. The company has a debt-to-equity ratio of 3.27, a quick ratio of 0.69 and a current ratio of 0.69.

American Tower Announces Dividend

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

Analyst Ratings Changes

Several brokerages have recently issued reports on AMT. Mizuho decreased their target price on American Tower from $221.00 to $204.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. The Goldman Sachs Group decreased 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. Barclays decreased their target price on American Tower from $215.00 to $214.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. StockNews.com lowered American Tower from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Finally, BMO Capital Markets decreased their target price on American Tower from $255.00 to $245.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $226.23.

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.