News headlines about American Tower (NYSE:AMT) have been trending somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. American Tower earned a coverage optimism score of 0.13 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 45.5877809097707 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Accern’s analysis:
- KeyCorp Reiterates $171.00 Price Target for American Tower (AMT) (americanbankingnews.com)
- Buy or Sell?: American Tower Corporation (REIT), (NYSE: AMT), Corning Incorporated, (NYSE: GLW) (stocksnewspro.com)
- The Whispers about American Tower Corporation (REIT) (AMT) and PHH Corporation (PHH) (nmsunews.com)
- American Tower Corp (AMT) Director Sells $512,260.00 in Stock (americanbankingnews.com)
- Commonwealth Bank Of Australia Upped Stake in American Tower Corp (AMT) as Market Value Rose – NMSU H?r?ld (nmsuherald.com)
AMT has been the topic of a number of analyst reports. KeyCorp reissued an “overweight” rating and issued a $177.00 target price (up previously from $156.00) on shares of American Tower in a research note on Monday, November 27th. ValuEngine cut shares of American Tower from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Morgan Stanley reissued an “overweight” rating and issued a $172.00 target price on shares of American Tower in a research note on Wednesday, December 13th. Oppenheimer upped their target price on shares of American Tower from $155.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, December 20th. Finally, Zacks Investment Research raised shares of American Tower from a “hold” rating to a “buy” rating and set a $160.00 target price on the stock in a research note on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and sixteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $158.64.
American Tower (NYSE:AMT) last issued its quarterly earnings data on Tuesday, February 27th. The real estate investment trust reported $1.59 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.63 by ($0.04). The firm had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.69 billion. American Tower had a return on equity of 17.20% and a net margin of 18.31%. American Tower’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.52 earnings per share. equities analysts expect that American Tower will post 7.09 EPS for the current fiscal year.
American Tower declared that its Board of Directors has initiated a share buyback program on Thursday, December 7th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the real estate investment trust to repurchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its shares are undervalued.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Wednesday, April 11th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.11%. This is a positive change from American Tower’s previous quarterly dividend of $0.70. The ex-dividend date is Tuesday, April 10th. American Tower’s dividend payout ratio is presently 104.87%.
In other news, Director Samme L. Thompson sold 5,000 shares of the company’s 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP William H. Hess sold 28,291 shares of the company’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $145.28, for a total transaction of $4,110,116.48. Following the transaction, the executive vice president now owns 92,721 shares in the company, valued at $13,470,506.88. The disclosure for this sale can be found here. Insiders have sold 37,636 shares of company stock worth $5,462,248 over the last quarter. 0.86% of the stock is owned by company insiders.
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.
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.