Brokerages expect American Tower Corporation (REIT) (NYSE:AMT) to post earnings per share of $1.68 for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for American Tower Corporation (REIT)’s earnings, with the highest EPS estimate coming in at $1.74 and the lowest estimate coming in at $1.65. American Tower Corporation (REIT) reported earnings of $0.47 per share during the same quarter last year, which suggests a positive year over year growth rate of 257.4%. The firm is expected to announce its next earnings results on Monday, February 26th.

According to Zacks, analysts expect that American Tower Corporation (REIT) will report full-year earnings of $6.77 per share for the current year, with EPS estimates ranging from $6.70 to $6.83. For the next fiscal year, analysts anticipate that the company will report earnings of $7.59 per share, with EPS estimates ranging from $7.44 to $7.78. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that cover American Tower Corporation (REIT).

Several brokerages recently issued reports on AMT. Morgan Stanley increased their price target on American Tower Corporation (REIT) from $155.00 to $172.00 and gave the company an “overweight” rating in a report on Tuesday. ValuEngine upgraded American Tower Corporation (REIT) from a “hold” rating to a “buy” rating in a report on Friday. Zacks Investment Research downgraded American Tower Corporation (REIT) from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Argus raised their target price on American Tower Corporation (REIT) to $170.00 and gave the company a “buy” rating in a research note on Thursday, November 9th. Finally, KeyCorp set a $156.00 target price on American Tower Corporation (REIT) and gave the company an “overweight” rating in a research note on Wednesday, November 1st. One investment analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $157.00.

Shares of American Tower Corporation (NYSE AMT) traded up $0.31 during midday trading on Friday, reaching $150.35. The company had a trading volume of 818,858 shares, compared to its average volume of 1,981,228. American Tower Corporation has a 52-week low of $99.72 and a 52-week high of $155.28. The firm has a market cap of $64,559.98, a P/E ratio of 23.30, a P/E/G ratio of 1.77 and a beta of 0.74. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.61.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 17th. Shareholders of record on Friday, September 29th were issued a $0.66 dividend. The ex-dividend date was Thursday, September 28th. This represents a $2.64 dividend on an annualized basis and a yield of 1.76%. This is a boost from American Tower Corporation (REIT)’s previous quarterly dividend of $0.64. American Tower Corporation (REIT)’s dividend payout ratio (DPR) is currently 100.38%.

In other news, EVP Edmund Disanto sold 10,000 shares of American Tower Corporation (REIT) stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $136.00, for a total transaction of $1,360,000.00. Following the sale, the executive vice president now owns 151,928 shares of the company’s stock, valued at $20,662,208. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman James D. Taiclet, Jr. sold 34,000 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $139.40, for a total transaction of $4,739,600.00. Following the transaction, the chairman now owns 304,707 shares in the company, valued at approximately $42,476,155.80. The disclosure for this sale can be found here. Insiders sold 113,747 shares of company stock worth $16,054,543 in the last three months. 0.86% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of AMT. Shine Investment Advisory Services Inc. acquired a new position in shares of American Tower Corporation (REIT) during the second quarter valued at approximately $100,000. Alexandria Capital LLC increased its stake in shares of American Tower Corporation (REIT) by 0.5% during 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 period. Howe & Rusling Inc. increased its stake in shares of American Tower Corporation (REIT) by 1,608.0% during the third quarter. Howe & Rusling Inc. now owns 854 shares of the real estate investment trust’s stock valued at $117,000 after acquiring an additional 804 shares during the period. Peddock Capital Advisors LLC acquired a new position in shares of American Tower Corporation (REIT) during the second quarter valued at approximately $119,000. Finally, Legacy Advisors LLC acquired a new position in shares of American Tower Corporation (REIT) during the third quarter valued at approximately $132,000. Institutional investors and hedge funds own 92.04% of the company’s stock.

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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.

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