Mizuho Securities USA LLC reduced its position in shares of American Tower Corporation (NYSE:AMT) by 15.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,416 shares of the real estate investment trust's stock after selling 6,872 shares during the period. Mizuho Securities USA LLC's holdings in American Tower were worth $8,142,000 at the end of the most recent quarter. Several other institutional investors and hedge funds also recently modified their holdings of the company. Pandora Wealth Inc. acquired a new position in shares of American Tower during the first quarter worth about $606,000. Fiduciary Family Office LLC acquired a new position in shares of American Tower during the first quarter worth about $614,000. True North Advisors LLC acquired a new position in shares of American Tower during the first quarter worth about $249,000. Koa Wealth Management LLC boosted its position in shares of American Tower by 17.4% during the first quarter. Koa Wealth Management LLC now owns 17,947 shares of the real estate investment trust's stock worth $3,905,000 after buying an additional 2,657 shares during the period. Finally, Frank Rimerman Advisors LLC boosted its position in shares of American Tower by 5.4% during the first quarter. Frank Rimerman Advisors LLC now owns 4,585 shares of the real estate investment trust's stock worth $998,000 after buying an additional 233 shares during the period. 92.69% of the stock is owned by institutional investors and hedge funds. In other news, CEO Juan Font sold 720 shares of American Tower stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $208.33, for a total value of $149,997.60. Following the transaction, the chief executive officer owned 23,425 shares in the company, valued at approximately $4,880,130.25. This trade represents a 2.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through. American Tower last posted its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $2.60 EPS for the quarter, topping analysts' consensus estimates of $2.59 by $0.01. American Tower had a return on equity of 24.85% and a net margin of 12.60%. The firm had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.58 billion. During the same quarter last year, the company earned $2.79 EPS. The company's revenue was down 9.4% on a year-over-year basis. As a group, research analysts expect that American Tower Corporation will post 10.14 EPS for the current fiscal year. The business also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, June 13th were paid a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Friday, June 13th. American Tower's dividend payout ratio (DPR) is 247.27%. Several research analysts recently commented on the company. Wells Fargo & Company reduced their price target on American Tower from $240.00 to $230.00 and set an 'overweight' rating for the company in a research report on Wednesday, July 30th. BMO Capital Markets reaffirmed an 'outperform' rating and issued a $245.00 price objective (down from $250.00) on shares of American Tower in a research report on Wednesday, July 30th. JMP Securities raised their price objective on American Tower from $248.00 to $260.00 and gave the company a 'market outperform' rating in a research report on Wednesday, April 30th. UBS Group raised their price objective on American Tower from $250.00 to $260.00 and gave the company a 'buy' rating in a research report on Tuesday, July 8th. Finally, Raymond James Financial set a $250.00 price target on American Tower and gave the stock a 'strong-buy' rating in a report on Wednesday, July 30th. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of 'Moderate Buy' and a consensus target price of $243.88. 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.

Mizuho Securities USA LLC Has $8.14 Million Position in American Tower Corporation (NYSE:AMT)

Mizuho Securities USA LLC reduced its holdings in American Tower Corporation (NYSE:AMT) by 15.5% in the first quarter, ending with 37,416 shares valued at $8.142 million. Other institutional investors such as Pandora Wealth Inc., Fiduciary Family Office LLC, True North Advisors LLC, and Koa Wealth Management LLC made new or increased positions in the company. CEO Juan Font sold 720 shares at $208.33 per share, reducing his stake by 2.98%. American Tower reported a quarterly EPS of $2.60, exceeding estimates, with revenue of $2.63 billion and a net margin of 12.60%. The company paid a $1.70 per share dividend, resulting in an annualized yield of 3.3% and a payout ratio of 247.27%. Analysts adjusted price targets, with Wells Fargo lowering its target to $230, while JMP Securities and UBS raised theirs to $260. The company maintains a large global portfolio of over 224,000 communications sites and is a leading multitenant communications real estate operator.