American Tower Corp (NYSE:AMT) EVP Olivier Puech sold 4,078 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $265.00, for a total value of $1,080,670.00. Following the sale, the executive vice president now directly owns 21,663 shares in the company, valued at approximately $5,740,695. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Olivier Puech also recently made the following trade(s):

  • On Wednesday, July 8th, Olivier Puech sold 415 shares of American Tower stock. The stock was sold at an average price of $266.70, for a total value of $110,680.50.

AMT stock opened at $261.39 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.61 and a debt-to-equity ratio of 6.88. The business has a 50 day moving average price of $260.39 and a two-hundred day moving average price of $244.08. The company has a market cap of $116.36 billion, a price-to-earnings ratio of 60.65, a P/E/G ratio of 2.26 and a beta of 0.45. American Tower Corp has a twelve month low of $174.32 and a twelve month high of $272.20.

American Tower (NYSE:AMT) last posted its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $1.00 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.99 by ($0.99). The company had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.95 billion. American Tower had a net margin of 24.70% and a return on equity of 39.62%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.01 earnings per share. On average, equities research analysts anticipate that American Tower Corp will post 7.99 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Friday, June 19th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.68%. This is an increase from American Tower’s previous quarterly dividend of $1.08. The ex-dividend date was Thursday, June 18th. American Tower’s dividend payout ratio (DPR) is currently 56.92%.

AMT has been the topic of a number of research analyst reports. KeyCorp lowered American Tower from an “overweight” rating to a “sector weight” rating in a research report on Monday, July 13th. Oppenheimer reaffirmed a “buy” rating and set a $270.00 price target on shares of American Tower in a research report on Thursday. Zacks Investment Research raised American Tower from a “sell” rating to a “hold” rating and set a $273.00 price target on the stock in a research report on Monday, June 29th. Wells Fargo & Co raised their price target on American Tower from $272.00 to $290.00 and gave the stock an “overweight” rating in a research report on Friday, July 10th. Finally, Morgan Stanley increased their price objective on American Tower from $245.00 to $250.00 and gave the stock an “equal weight” rating in a report on Monday, June 1st. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. American Tower presently has a consensus rating of “Buy” and an average price target of $271.54.

Hedge funds have recently bought and sold shares of the business. Livingston Group Asset Management CO operating as Southport Capital Management increased its holdings in shares of American Tower by 4.5% during the 2nd quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 2,385 shares of the real estate investment trust’s stock worth $617,000 after acquiring an additional 103 shares during the last quarter. Courier Capital LLC increased its holdings in shares of American Tower by 9.9% in the second quarter. Courier Capital LLC now owns 2,415 shares of the real estate investment trust’s stock valued at $638,000 after purchasing an additional 217 shares during the last quarter. Advisor Group Holdings Inc. bought a new position in shares of American Tower in the first quarter valued at about $22,503,000. Fiera Capital Corp raised its position in shares of American Tower by 10.3% in the first quarter. Fiera Capital Corp now owns 1,435 shares of the real estate investment trust’s stock valued at $312,000 after purchasing an additional 134 shares during the period. Finally, Creative Financial Designs Inc. ADV bought a new position in shares of American Tower in the second quarter valued at about $75,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

About American Tower

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 approximately 171,000 communications sites.

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