Somewhat Positive News Coverage Somewhat Unlikely to Affect American Tower Corporation (REIT) (AMT) Stock Price
News headlines about American Tower Corporation (REIT) (NYSE:AMT) have been trending somewhat positive this week, according to Accern. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. American Tower Corporation (REIT) earned a daily sentiment score of 0.07 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 46.2086991360684 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have impacted Accern’s analysis:
- Manhattan Bridge Capital, Inc (LOAN) Ex-Dividend Date Scheduled for October 06, 2017 – Nasdaq (nasdaq.com)
- American Tower (AMT) Strong Buy Ranking Remains in Place – Investorplace.com (investorplace.com)
- United Dominion Realty Trust, Inc. (UDR) Ex-Dividend Date Scheduled for October 06, 2017 – Nasdaq (nasdaq.com)
- Here’s Why You Should Hold American Tower In Your Portfolio (investing.com)
Several analysts recently weighed in on AMT shares. BidaskClub upgraded American Tower Corporation (REIT) from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Cowen and Company reiterated a “buy” rating and issued a $155.00 price objective on shares of American Tower Corporation (REIT) in a research report on Wednesday, July 19th. Deutsche Bank AG raised their price objective on American Tower Corporation (REIT) from $145.00 to $157.00 and gave the stock a “buy” rating in a research report on Friday, July 14th. Stifel Nicolaus reiterated a “buy” rating and issued a $150.00 price objective on shares of American Tower Corporation (REIT) in a research report on Thursday, July 6th. Finally, Zacks Investment Research upgraded American Tower Corporation (REIT) from a “hold” rating to a “buy” rating and set a $152.00 price objective for the company in a research report on Thursday, August 3rd. One research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. American Tower Corporation (REIT) has an average rating of “Buy” and an average price target of $148.58.
Shares of American Tower Corporation (AMT) traded up 0.30% during trading on Thursday, hitting $139.25. The stock had a trading volume of 1,965,858 shares. The stock has a market capitalization of $59.76 billion, a P/E ratio of 55.70 and a beta of 0.69. The stock’s 50-day moving average is $141.99 and its 200-day moving average is $132.74. American Tower Corporation has a 12-month low of $99.72 and a 12-month high of $148.71.
American Tower Corporation (REIT) (NYSE:AMT) last issued its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.55 by ($0.75). The company had revenue of $1.66 billion during 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 company’s quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.38 earnings per share. Analysts predict that American Tower Corporation will post $3.02 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 17th. Investors of record on Friday, September 29th will be paid a $0.66 dividend. This is a boost from American Tower Corporation (REIT)’s previous quarterly dividend of $0.64. This represents a $2.64 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend is Thursday, September 28th. American Tower Corporation (REIT)’s payout ratio is 106.02%.
In other American Tower Corporation (REIT) news, EVP Edmund Disanto sold 10,000 shares of the company’s stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $137.95, for a total transaction of $1,379,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Amit Sharma sold 20,747 shares of the company’s stock in a transaction on Friday, August 18th. The stock was sold at an average price of $139.67, for a total value of $2,897,733.49. Following the sale, the executive vice president now owns 101,605 shares of the company’s stock, valued at $14,191,170.35. The disclosure for this sale can be found here. Over the last quarter, insiders sold 79,747 shares of company stock valued at $11,314,943. 0.86% of the stock is currently owned by corporate insiders.
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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.
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