SG Americas Securities LLC lessened its stake in shares of American Tower Corp (NYSE:AMT) by 72.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 74,338 shares of the real estate investment trust’s stock after selling 191,693 shares during the period. SG Americas Securities LLC’s holdings in American Tower were worth $10,606,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Atlantic Trust LLC grew its stake in American Tower by 0.5% during the 2nd quarter. Atlantic Trust LLC now owns 4,345 shares of the real estate investment trust’s stock valued at $575,000 after acquiring an additional 21 shares in the last quarter. Keel Point LLC grew its stake in American Tower by 1.1% during the 2nd quarter. Keel Point LLC now owns 8,711 shares of the real estate investment trust’s stock valued at $1,153,000 after acquiring an additional 98 shares in the last quarter. Millie Capital Management LLC grew its stake in American Tower by 0.7% during the 2nd quarter. Millie Capital Management LLC now owns 19,932 shares of the real estate investment trust’s stock valued at $2,637,000 after acquiring an additional 138 shares in the last quarter. Princeton Portfolio Strategies Group LLC grew its stake in American Tower by 0.3% during the 2nd quarter. Princeton Portfolio Strategies Group LLC now owns 56,945 shares of the real estate investment trust’s stock valued at $7,535,000 after acquiring an additional 158 shares in the last quarter. Finally, Advisory Services Network LLC grew its stake in American Tower by 1.6% during the 2nd quarter. Advisory Services Network LLC now owns 11,444 shares of the real estate investment trust’s stock valued at $1,514,000 after acquiring an additional 185 shares in the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

In other American Tower news, Director Samme L. Thompson sold 5,000 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $143.16, for a total transaction of $715,800.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director David E. Sharbutt sold 1,584 shares of the stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $144.44, for a total transaction of $228,792.96. Following the sale, the director now owns 4,861 shares in the company, valued at $702,122.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 75,251 shares of company stock worth $11,026,134. 0.86% of the stock is owned by company insiders.

AMT has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of American Tower from a “hold” rating to a “buy” rating and set a $160.00 price objective for the company in a research report on Tuesday, January 2nd. Oppenheimer increased their price objective on shares of American Tower from $155.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 20th. Morgan Stanley reaffirmed an “overweight” rating and set a $172.00 price objective on shares of American Tower in a research report on Wednesday, December 13th. ValuEngine cut shares of American Tower from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, KeyCorp reaffirmed an “overweight” rating and set a $177.00 price objective (up previously from $156.00) on shares of American Tower in a research report on Monday, November 27th. One analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. American Tower has a consensus rating of “Buy” and a consensus target price of $158.60.

Shares of American Tower Corp (NYSE:AMT) opened at $141.76 on Thursday. The stock has a market cap of $60,610.00, a P/E ratio of 53.90, a price-to-earnings-growth ratio of 1.33 and a beta of 0.73. American Tower Corp has a fifty-two week low of $102.73 and a fifty-two week high of $155.28. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.61.

American Tower (NYSE:AMT) last released its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.61 by ($0.92). The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.68 billion. American Tower had a return on equity of 16.98% and a net margin of 18.63%. equities analysts predict that American Tower Corp will post 6.53 earnings per share for the current year.

American Tower announced that its Board of Directors has authorized a share buyback plan on Thursday, December 7th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the real estate investment trust to repurchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Thursday, December 28th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, December 27th. This is a positive change from American Tower’s previous quarterly dividend of $0.66. This represents a $2.80 dividend on an annualized basis and a yield of 1.98%. American Tower’s dividend payout ratio is 106.46%.

ILLEGAL ACTIVITY NOTICE: “American Tower Corp (AMT) Shares Sold by SG Americas Securities LLC” was originally posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this piece on another domain, it was copied illegally and republished in violation of United States and international copyright and trademark laws. The legal version of this piece can be accessed at https://theolympiareport.com/2018/01/25/american-tower-corp-amt-shares-sold-by-sg-americas-securities-llc.html.

American Tower Profile

American Tower Corporation (ATC) is a holding company. The Company operates as a real estate investment trust (REIT), which owns, operates and develops multitenant communications real estate. ATC’s segments include U.S. property, Asia property, EMEA property, Latin America property, Services and Other.

Want to see what other hedge funds are holding AMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Tower Corp (NYSE:AMT).

Institutional Ownership by Quarter for American Tower (NYSE:AMT)

Receive News & Ratings for American Tower Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Tower and related companies with MarketBeat.com's FREE daily email newsletter.