American Tower Corporation (REIT) (NYSE:AMT) Chairman James D. Taiclet, Jr. sold 34,000 shares of American Tower Corporation (REIT) stock in a transaction on Monday, November 13th. The shares were sold at an average price of $151.20, for a total value of $5,140,800.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

American Tower Corporation (NYSE AMT) traded down $2.54 during trading on Friday, hitting $145.87. The stock had a trading volume of 2,060,000 shares, compared to its average volume of 2,060,000. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.61. The company has a market capitalization of $63,280.00, a price-to-earnings ratio of 23.05, a PEG ratio of 1.75 and a beta of 0.74. American Tower Corporation has a twelve month low of $99.72 and a twelve month high of $155.28.

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Several institutional investors have recently bought and sold shares of the company. Atlantic Trust LLC increased its stake in shares of American Tower Corporation (REIT) by 181.1% in the third quarter. Atlantic Trust LLC now owns 12,212 shares of the real estate investment trust’s stock worth $1,669,000 after purchasing an additional 7,867 shares during the period. Americafirst Capital Management LLC bought a new position in American Tower Corporation (REIT) during the third quarter valued at about $173,000. Belpointe Asset Management LLC bought a new position in American Tower Corporation (REIT) during the third quarter valued at about $618,000. IFM Investors Pty Ltd increased its stake in American Tower Corporation (REIT) by 3.0% during the third quarter. IFM Investors Pty Ltd now owns 11,978 shares of the real estate investment trust’s stock valued at $1,637,000 after acquiring an additional 353 shares during the period. Finally, Yellowstone Partners LLC bought a new position in American Tower Corporation (REIT) during the third quarter valued at about $641,000. Institutional investors and hedge funds own 92.04% of the company’s stock.

Several equities analysts have recently issued reports on the company. Zacks Investment Research cut American Tower Corporation (REIT) from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. ValuEngine upgraded American Tower Corporation (REIT) from a “hold” rating to a “buy” rating in a report on Friday, November 10th. UBS AG lifted their target price on American Tower Corporation (REIT) from $150.00 to $163.00 and gave the stock a “buy” rating in a report on Monday, September 11th. Argus lifted their target price on American Tower Corporation (REIT) from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, August 3rd. Finally, Citigroup Inc. lifted their target price on American Tower Corporation (REIT) from $142.00 to $167.00 and gave the stock a “buy” rating in a report on Monday, August 28th. One equities research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. American Tower Corporation (REIT) has an average rating of “Buy” and an average price target of $157.00.

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.

Insider Buying and Selling by Quarter for American Tower Corporation (REIT) (NYSE:AMT)

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