1 day Ago By ABMN Staff
American Tower Co. ( NYSE:AMT – Get Free Report ) has earned a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company.
The average 12 month price objective among brokers that have issued a report on the stock in the last year is $233.29. Several equities research analysts recently issued reports on AMT shares.
StockNews.com raised American Tower from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of American Tower from $212.
00 to $235.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Wells Fargo & Company raised their target price on shares of American Tower from $225.
00 to $245.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. TD Cowen upped their target price on American Tower from $226.
00 to $239.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, BMO Capital Markets raised their price target on American Tower from $246.
00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, September 13th. View Our Latest Stock Report on American Tower Insiders Place Their Bets Institutional Investors Weigh In On American Tower Institutional investors and hedge funds have recently modified their holdings of the stock.
Norges Bank acquired a new stake in American Tower during the 4th quarter worth about $1,051,898,000. Wellington Management Group LLP raised its holdings in shares of American Tower by 21.9% during the fourth quarter.
Wellington Management Group LLP now owns 15,823,622 shares of the real estate investment trust’s stock valued at $3,416,004,000 after acquiring an additional 2,839,570 shares during the period. Principal Financial Group Inc. raised its holdings in shares of American Tower by 36.
2% during the first quarter. Principal Financial Group Inc. now owns 8,794,776 shares of the real estate investment trust’s stock valued at $1,737,760,000 after acquiring an additional 2,336,501 shares during the period.
Ameriprise Financial Inc. boosted its stake in American Tower by 41.8% in the 2nd quarter.
Ameriprise Financial Inc. now owns 6,395,906 shares of the real estate investment trust’s stock worth $1,243,333,000 after purchasing an additional 1,885,421 shares during the period. Finally, Edgewood Management LLC boosted its stake in American Tower by 46.
2% in the 4th quarter. Edgewood Management LLC now owns 4,985,879 shares of the real estate investment trust’s stock worth $1,076,352,000 after purchasing an additional 1,576,683 shares during the period. 92.
69% of the stock is owned by institutional investors and hedge funds. American Tower Trading Down 1.5 % AMT opened at $235.
95 on Monday. American Tower has a 12-month low of $154.58 and a 12-month high of $243.
56. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.
81 and a quick ratio of 0.81. The stock has a market capitalization of $110.
18 billion, a PE ratio of 53.38, a P/E/G ratio of 1.60 and a beta of 0.
83. The firm’s fifty day moving average price is $223.58 and its 200 day moving average price is $202.
03. American Tower ( NYSE:AMT – Get Free Report ) last issued its earnings results on Tuesday, July 30th. The real estate investment trust reported $1.
92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.52).
The company had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.82 billion.
American Tower had a net margin of 21.95% and a return on equity of 23.06%.
The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the company posted $2.
46 EPS. As a group, research analysts expect that American Tower will post 10.13 EPS for the current fiscal year.
American Tower Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Wednesday, October 9th will be paid a dividend of $1.62 per share.
The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $6.48 annualized dividend and a yield of 2.
75%. American Tower’s payout ratio is 146.61%.
About American Tower ( Get Free Report American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 224,000 communications sites and a highly interconnected footprint of U.S. data center facilities.
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