American Tower Corporation (REIT) (NYSE:AMT) EVP Edmund Disanto sold 10,000 shares of the stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $137.95, for a total value of $1,379,500.00. The sale was disclosed in a filing with the SEC, which is available at this link.

Shares of American Tower Corporation (AMT) opened at 134.74 on Thursday. American Tower Corporation has a one year low of $99.72 and a one year high of $148.71. The firm has a 50 day moving average price of $142.16 and a 200-day moving average price of $131.01. The firm has a market cap of $57.83 billion, a P/E ratio of 53.90 and a beta of 0.70.

American Tower Corporation (REIT) (NYSE:AMT) last released its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.80 earnings per share for the quarter, missing the consensus estimate of $1.55 by ($0.75). The firm had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.64 billion. American Tower Corporation (REIT) had a return on equity of 16.70% and a net margin of 18.58%. The company’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.38 EPS. Analysts forecast that American Tower Corporation will post $3.02 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 17th. Stockholders of record on Friday, September 29th will be issued a $0.66 dividend. The ex-dividend date is Thursday, September 28th. This represents a $2.64 annualized dividend and a dividend yield of 1.94%. This is a boost from American Tower Corporation (REIT)’s previous quarterly dividend of $0.64. American Tower Corporation (REIT)’s dividend payout ratio is presently 102.81%.

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A number of brokerages have recently weighed in on AMT. SunTrust Banks, Inc. reiterated a “buy” rating on shares of American Tower Corporation (REIT) in a research note on Wednesday, September 20th. Jefferies Group LLC reiterated a “buy” rating and set a $144.00 target price on shares of American Tower Corporation (REIT) in a research note on Tuesday, September 12th. UBS AG increased their target price on American Tower Corporation (REIT) from $150.00 to $163.00 and gave the stock a “buy” rating in a research note on Monday, September 11th. Royal Bank Of Canada reiterated a “buy” rating and set a $153.00 target price on shares of American Tower Corporation (REIT) in a research note on Friday, September 1st. Finally, Citigroup Inc. increased their target price on American Tower Corporation (REIT) from $142.00 to $167.00 and gave the stock a “buy” rating in a research note on Monday, August 28th. Fourteen investment analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average price target of $148.58.

Institutional investors have recently added to or reduced their stakes in the company. Shine Investment Advisory Services Inc. bought a new position in shares of American Tower Corporation (REIT) in the second quarter worth $100,000. Alexandria Capital LLC increased its stake in American Tower Corporation (REIT) by 0.5% in the second quarter. Alexandria Capital LLC now owns 812 shares of the real estate investment trust’s stock valued at $107,000 after acquiring an additional 4 shares during the last quarter. Peddock Capital Advisors LLC bought a new position in American Tower Corporation (REIT) in the second quarter valued at $119,000. Heritage Trust Co bought a new position in American Tower Corporation (REIT) in the first quarter valued at $122,000. Finally, Glassman Wealth Services increased its stake in American Tower Corporation (REIT) by 28.9% in the second quarter. Glassman Wealth Services now owns 1,029 shares of the real estate investment trust’s stock valued at $136,000 after acquiring an additional 231 shares during the last quarter. 92.06% of the stock is currently owned by hedge funds and other institutional investors.

About American Tower Corporation (REIT)

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)

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