Traders sold shares of American Tower Corp (NYSE:AMT) on strength during trading on Wednesday. $80.50 million flowed into the stock on the tick-up and $126.95 million flowed out of the stock on the tick-down, for a money net flow of $46.45 million out of the stock. Of all equities tracked, American Tower had the 0th highest net out-flow for the day. American Tower traded up $0.40 for the day and closed at $163.48

A number of brokerages recently issued reports on AMT. Argus increased their target price on American Tower from $154.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, August 20th. Moffett Nathanson cut American Tower from a “buy” rating to a “neutral” rating and set a $164.00 target price on the stock. in a report on Monday. Barclays increased their target price on American Tower from $156.00 to $164.00 and gave the stock an “overweight” rating in a report on Wednesday, October 31st. KeyCorp increased their price target on American Tower from $165.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, October 31st. Finally, Citigroup lowered American Tower from a “buy” rating to a “neutral” rating and increased their price target for the company from $161.00 to $176.00 in a research report on Wednesday, October 31st. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $165.31.

The stock has a market cap of $72.01 billion, a P/E ratio of 25.62, a price-to-earnings-growth ratio of 1.58 and a beta of 0.62. The company has a debt-to-equity ratio of 3.11, a current ratio of 0.72 and a quick ratio of 0.72.

American Tower (NYSE:AMT) last released its quarterly earnings results on Tuesday, October 30th. The real estate investment trust reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.02. The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.76 billion. American Tower had a return on equity of 18.55% and a net margin of 17.07%. American Tower’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.73 EPS. Analysts anticipate that American Tower Corp will post 7.58 EPS for the current year.

In other news, CFO Thomas A. Bartlett sold 93,338 shares of the firm’s stock in a transaction on Monday, November 19th. The stock was sold at an average price of $165.00, for a total transaction of $15,400,770.00. Following the completion of the sale, the chief financial officer now directly owns 133,660 shares of the company’s stock, valued at approximately $22,053,900. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Olivier Puech sold 10,747 shares of the firm’s stock in a transaction on Monday, November 19th. The shares were sold at an average price of $164.86, for a total value of $1,771,750.42. Following the sale, the executive vice president now directly owns 20,543 shares of the company’s stock, valued at $3,386,718.98. The disclosure for this sale can be found here. Insiders sold a total of 351,360 shares of company stock valued at $55,867,093 over the last three months. 0.87% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the company. Mount Yale Investment Advisors LLC increased its position in shares of American Tower by 354.4% during the 2nd quarter. Mount Yale Investment Advisors LLC now owns 718 shares of the real estate investment trust’s stock valued at $104,000 after purchasing an additional 560 shares during the last quarter. TLP Group LLC purchased a new stake in shares of American Tower during the 3rd quarter valued at $113,000. Point72 Hong Kong Ltd purchased a new stake in shares of American Tower during the 3rd quarter valued at $142,000. Valeo Financial Advisors LLC increased its holdings in American Tower by 75.0% in the 2nd quarter. Valeo Financial Advisors LLC now owns 1,029 shares of the real estate investment trust’s stock worth $153,000 after acquiring an additional 441 shares during the last quarter. Finally, Ancora Advisors LLC purchased a new stake in American Tower in the 3rd quarter worth about $157,000. 93.25% of the stock is owned by hedge funds and other institutional investors.

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American Tower Company Profile (NYSE:AMT)

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 170,000 communications sites.

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