GW Henssler & Associates Ltd. Reduces Holdings in American Tower Co. (NYSE:AMT)

GW Henssler & Associates Ltd. cut its stake in American Tower Co. (NYSE:AMT) by 2.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 91,269 shares of the real estate investment trust’s stock after selling 2,081 shares during the period. GW Henssler & Associates Ltd.’s holdings in American Tower were worth $16,740,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of AMT. Fortitude Family Office LLC lifted its holdings in shares of American Tower by 269.0% in the 3rd quarter. Fortitude Family Office LLC now owns 107 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 78 shares during the last quarter. Northwest Investment Counselors LLC purchased a new stake in American Tower in the third quarter valued at approximately $30,000. Hara Capital LLC acquired a new stake in shares of American Tower in the third quarter valued at approximately $31,000. Legacy Investment Solutions LLC acquired a new position in shares of American Tower in the 3rd quarter valued at $34,000. Finally, Activest Wealth Management boosted its stake in American Tower by 431.0% during the 3rd quarter. Activest Wealth Management now owns 154 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 125 shares during the period. Institutional investors and hedge funds own 92.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Scotiabank decreased their target price on shares of American Tower from $236.00 to $220.00 and set a “sector outperform” rating for the company in a research note on Thursday, January 23rd. Mizuho decreased their price objective 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 cut their price target on American Tower from $260.00 to $234.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. JMP Securities assumed coverage on American Tower in a report on Monday, January 27th. They set an “outperform” rating and a $225.00 price target for the company. Finally, StockNews.com cut shares of American Tower from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Four research 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, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $226.23.

Insider Activity at American Tower

In other news, CFO Rodney M. Smith sold 16,567 shares of the business’s stock in a transaction on 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 directly owns 62,792 shares of the company’s stock, valued at $11,371,631.20. The trade was a 20.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.18% of the stock is owned by corporate insiders.

American Tower Trading Down 0.5 %

Shares of American Tower stock opened at $184.91 on Monday. The company has a 50-day moving average of $190.58 and a two-hundred day moving average of $210.44. American Tower Co. has a 12-month low of $170.46 and a 12-month high of $243.56. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 3.27. The stock has a market cap of $86.41 billion, a PE ratio of 78.02, a price-to-earnings-growth ratio of 1.24 and a beta of 0.84.

American Tower Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, December 27th will be given a $1.62 dividend. The ex-dividend date is Friday, December 27th. This represents a $6.48 annualized dividend and a dividend yield of 3.50%. American Tower’s dividend payout ratio is presently 273.42%.

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.