Natixis Advisors LLC Boosts Holdings in American Tower Co. (NYSE:AMT)

Natixis Advisors LLC lifted its stake in American Tower Co. (NYSE:AMT) by 20.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 177,947 shares of the real estate investment trust’s stock after purchasing an additional 30,499 shares during the quarter. Natixis Advisors LLC’s holdings in American Tower were worth $41,383,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Northcape Wealth Management LLC raised its position in shares of American Tower by 2.3% in the 3rd quarter. Northcape Wealth Management LLC now owns 10,620 shares of the real estate investment trust’s stock worth $2,470,000 after purchasing an additional 235 shares during the last quarter. Empowered Funds LLC raised its position in American Tower by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 9,935 shares of the real estate investment trust’s stock worth $2,310,000 after buying an additional 508 shares during the last quarter. CIBC Asset Management Inc raised its position in American Tower by 4.4% in the 3rd quarter. CIBC Asset Management Inc now owns 88,610 shares of the real estate investment trust’s stock worth $20,607,000 after buying an additional 3,720 shares during the last quarter. Impax Asset Management Group plc raised its position in American Tower by 68.9% in the 3rd quarter. Impax Asset Management Group plc now owns 33,925 shares of the real estate investment trust’s stock worth $7,890,000 after buying an additional 13,834 shares during the last quarter. Finally, Nicola Wealth Management LTD. raised its position in American Tower by 20.3% in the 3rd quarter. Nicola Wealth Management LTD. now owns 8,281 shares of the real estate investment trust’s stock worth $1,926,000 after buying an additional 1,400 shares during the last quarter. Hedge funds and other institutional investors own 92.69% of the company’s stock.

American Tower Trading Up 0.9 %

Shares of NYSE:AMT opened at $196.45 on Monday. The stock has a 50 day moving average of $222.51 and a 200 day moving average of $211.10. The company has a market cap of $91.80 billion, a PE ratio of 82.89, a price-to-earnings-growth ratio of 1.31 and a beta of 0.84. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 3.27. American Tower Co. has a 12-month low of $170.46 and a 12-month high of $243.56.

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

American Tower Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Wednesday, October 9th were paid a $1.62 dividend. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $6.48 annualized dividend and a yield of 3.30%. American Tower’s payout ratio is 273.42%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Scotiabank decreased their target price on American Tower from $248.00 to $236.00 and set a “sector outperform” rating for the company in a research report on Wednesday, October 30th. 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. Mizuho boosted their target price on American Tower from $205.00 to $221.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. JPMorgan Chase & Co. upped their price target on shares of American Tower from $240.00 to $250.00 and gave the company an “overweight” rating in a research report on Monday, September 23rd. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of American Tower from $212.00 to $235.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $235.85.

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.