American Tower Corporation (REIT) (NYSE:AMT) Director Pamela D. A. Reeve sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $143.49, for a total value of $717,450.00. Following the completion of the sale, the director now owns 17,758 shares in the company, valued at approximately $2,548,095.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of American Tower Corporation (NYSE AMT) opened at 145.89 on Wednesday. The company’s 50-day moving average price is $137.50 and its 200-day moving average price is $126.63. The firm has a market cap of $62.61 billion, a P/E ratio of 58.36 and a beta of 0.71. American Tower Corporation has a 12 month low of $99.72 and a 12 month high of $146.63.

American Tower Corporation (REIT) (NYSE:AMT) last announced its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.80 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.55 by $0.75. The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.64 billion. American Tower Corporation (REIT) had a net margin of 18.58% and a return on equity of 16.70%. The firm’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.38 earnings per share. On average, analysts predict that American Tower Corporation will post $3.02 EPS for the current year.

TRADEMARK VIOLATION NOTICE: This story was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this story on another site, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark laws. The original version of this story can be read at https://www.thecerbatgem.com/2017/08/30/pamela-d-a-reeve-sells-5000-shares-of-american-tower-corporation-reit-amt-stock.html.

AMT has been the topic of several research reports. BidaskClub downgraded American Tower Corporation (REIT) from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. Zacks Investment Research raised American Tower Corporation (REIT) from a “hold” rating to a “buy” rating and set a $152.00 target price on the stock in a research report on Thursday, August 3rd. Cowen and Company reaffirmed a “buy” rating and issued a $155.00 target price on shares of American Tower Corporation (REIT) in a research report on Wednesday, July 19th. Deutsche Bank AG upped their target price on American Tower Corporation (REIT) from $145.00 to $157.00 and gave the company a “buy” rating in a research report on Friday, July 14th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $150.00 target price on shares of American Tower Corporation (REIT) in a research report on Thursday, July 6th. Thirteen research analysts have rated the stock with a buy rating, American Tower Corporation (REIT) has a consensus rating of “Buy” and an average price target of $144.33.

Institutional investors have recently bought and sold shares of the stock. Whittier Trust Co. boosted its position in American Tower Corporation (REIT) by 2.7% in the first quarter. Whittier Trust Co. now owns 72,655 shares of the real estate investment trust’s stock valued at $8,830,000 after buying an additional 1,894 shares during the last quarter. BTC Capital Management Inc. boosted its position in American Tower Corporation (REIT) by 2.7% in the first quarter. BTC Capital Management Inc. now owns 34,275 shares of the real estate investment trust’s stock valued at $4,167,000 after buying an additional 892 shares during the last quarter. iAB Financial Bank boosted its position in American Tower Corporation (REIT) by 1.8% in the first quarter. iAB Financial Bank now owns 2,035 shares of the real estate investment trust’s stock valued at $247,000 after buying an additional 35 shares during the last quarter. Miller Howard Investments Inc. NY boosted its position in American Tower Corporation (REIT) by 9.1% in the first quarter. Miller Howard Investments Inc. NY now owns 28,851 shares of the real estate investment trust’s stock valued at $3,507,000 after buying an additional 2,404 shares during the last quarter. Finally, Sapphire Star Partners LP bought a new position in American Tower Corporation (REIT) during the first quarter valued at $243,000. 92.08% of the stock is owned by institutional investors.

American Tower Corporation (REIT) Company Profile

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.

Insider Buying and Selling by Quarter for American Tower Corporation (REIT) (NYSE:AMT)

Receive News & Stock Ratings for American Tower Corporation (REIT) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Tower Corporation (REIT) and related stocks with our FREE daily email newsletter.