American Tower Corp (NYSE:AMT) Director Samme L. Thompson sold 5,000 shares of American Tower stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $143.16, for a total transaction of $715,800.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
American Tower Corp (NYSE:AMT) traded down $2.07 on Thursday, reaching $139.61. 1,729,564 shares of the company’s stock traded hands, compared to its average volume of 2,000,000. American Tower Corp has a 12-month low of $102.51 and a 12-month 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. The company has a market capitalization of $60,500.00, a P/E ratio of 53.08, a P/E/G ratio of 1.46 and a beta of 0.73.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Thursday, December 28th will be paid a $0.70 dividend. This is an increase from American Tower’s previous quarterly dividend of $0.66. This represents a $2.80 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend is Wednesday, December 27th. American Tower’s payout ratio is 106.46%.
Several large investors have recently bought and sold shares of AMT. Howe & Rusling Inc. increased its position in shares of American Tower by 1,608.0% during the third quarter. Howe & Rusling Inc. now owns 854 shares of the real estate investment trust’s stock worth $117,000 after acquiring an additional 804 shares in the last quarter. Legacy Advisors LLC bought a new stake in shares of American Tower during the third quarter worth about $132,000. Fieldpoint Private Securities LLC increased its position in shares of American Tower by 69.6% during the third quarter. Fieldpoint Private Securities LLC now owns 1,060 shares of the real estate investment trust’s stock worth $145,000 after acquiring an additional 435 shares in the last quarter. Americafirst Capital Management LLC bought a new stake in shares of American Tower during the third quarter worth about $173,000. Finally, Laurel Wealth Advisors Inc. purchased a new position in American Tower during the third quarter worth about $202,000. 91.60% of the stock is owned by institutional investors.
Several equities analysts recently issued reports on AMT shares. Macquarie boosted their target price on shares of American Tower from $162.00 to $165.00 and gave the company an “outperform” rating in a report on Wednesday, November 1st. Jefferies Group restated a “buy” rating and issued a $144.00 target price on shares of American Tower in a report on Tuesday, September 12th. Zacks Investment Research lowered shares of American Tower from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. KeyCorp set a $156.00 target price on shares of American Tower and gave the company an “overweight” rating in a report on Wednesday, November 1st. Finally, Argus boosted their target price on shares of American Tower to $170.00 and gave the company a “buy” rating in a report on Thursday, November 9th. One research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $158.60.
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About American Tower
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.
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