American Tower Co. (NYSE:AMT) Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC reduced its position in shares of American Tower Co. (NYSE:AMT) by 0.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 148,605 shares of the real estate investment trust’s stock after selling 775 shares during the quarter. Calamos Advisors LLC’s holdings in American Tower were worth $32,081,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Personal Capital Advisors Corp raised its holdings in shares of American Tower by 1.7% during the first quarter. Personal Capital Advisors Corp now owns 2,510 shares of the real estate investment trust’s stock valued at $631,000 after acquiring an additional 43 shares during the last quarter. Lumature Wealth Partners LLC raised its stake in American Tower by 40.3% in the 1st quarter. Lumature Wealth Partners LLC now owns 174 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 50 shares during the last quarter. Alera Investment Advisors LLC raised its position in shares of American Tower by 1.3% in the fourth quarter. Alera Investment Advisors LLC now owns 4,105 shares of the real estate investment trust’s stock valued at $886,000 after buying an additional 51 shares during the last quarter. McIlrath & Eck LLC grew its stake in American Tower by 18.5% during the 4th quarter. McIlrath & Eck LLC now owns 333 shares of the real estate investment trust’s stock valued at $71,000 after acquiring an additional 52 shares in the last quarter. Finally, Golden State Equity Partners raised its holdings in shares of American Tower by 7.0% during the 1st quarter. Golden State Equity Partners now owns 806 shares of the real estate investment trust’s stock worth $202,000 after acquiring an additional 53 shares during the period. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at American Tower

In other American Tower news, Director Pamela D. A. Reeve sold 5,054 shares of American Tower stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $190.46, for a total value of $962,584.84. Following the sale, the director now owns 18,545 shares of the company’s stock, valued at approximately $3,532,080.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Pamela D. A. Reeve sold 5,054 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $190.46, for a total transaction of $962,584.84. Following the transaction, the director now owns 18,545 shares of the company’s stock, valued at $3,532,080.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Rodney M. Smith sold 11,510 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $205.71, for a total value of $2,367,722.10. Following the completion of the sale, the chief financial officer now directly owns 62,969 shares of the company’s stock, valued at approximately $12,953,352.99. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.

American Tower Stock Performance

AMT stock traded down $1.02 during trading on Thursday, hitting $171.00. The company had a trading volume of 2,267,718 shares, compared to its average volume of 2,419,971. The firm has a 50-day moving average price of $192.83 and a 200-day moving average price of $193.58. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 3.29. The firm has a market cap of $79.75 billion, a PE ratio of 54.09, a price-to-earnings-growth ratio of 1.42 and a beta of 0.67. American Tower Co. has a 1-year low of $154.58 and a 1-year high of $219.10.

American Tower (NYSE:AMT) last released its earnings results on Tuesday, February 27th. The real estate investment trust reported $0.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.10 by ($1.16). American Tower had a net margin of 13.31% and a return on equity of 12.80%. The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.74 billion. During the same period in the previous year, the firm posted $2.34 EPS. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, analysts expect that American Tower Co. will post 10.06 earnings per share for the current year.

American Tower Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 12th will be paid a $1.62 dividend. This represents a $6.48 annualized dividend and a dividend yield of 3.79%. The ex-dividend date is Thursday, April 11th. American Tower’s dividend payout ratio (DPR) is presently 203.77%.

Wall Street Analysts Forecast Growth

AMT has been the topic of a number of analyst reports. BMO Capital Markets reduced their price target on American Tower from $235.00 to $228.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 28th. StockNews.com downgraded American Tower from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Morgan Stanley boosted their target price on American Tower from $183.00 to $196.00 and gave the stock an “equal weight” rating in a research note on Monday. JPMorgan Chase & Co. dropped their price target on shares of American Tower from $236.00 to $230.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 28th. Finally, Mizuho assumed coverage on shares of American Tower in a report on Monday, April 8th. They set a “neutral” rating and a $205.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $217.36.

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.