American Tower Corp (NYSE:AMT) EVP Edmund Disanto Sells 34,949 Shares

American Tower Corp (NYSE:AMT) EVP Edmund Disanto sold 34,949 shares of the company’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $226.00, for a total transaction of $7,898,474.00. Following the transaction, the executive vice president now directly owns 212,292 shares in the company, valued at $47,977,992. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Edmund Disanto also recently made the following trade(s):

  • On Tuesday, October 1st, Edmund Disanto sold 63,686 shares of American Tower stock. The stock was sold at an average price of $221.06, for a total transaction of $14,078,427.16.

Shares of American Tower stock traded up $0.82 on Tuesday, hitting $226.10. The company’s stock had a trading volume of 1,745,460 shares, compared to its average volume of 2,001,672. The company has a market capitalization of $100.02 billion, a P/E ratio of 28.30, a price-to-earnings-growth ratio of 1.83 and a beta of 0.44. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 4.13. The firm has a fifty day moving average price of $225.28 and a 200-day moving average price of $209.45. American Tower Corp has a 52-week low of $140.40 and a 52-week high of $242.00.



American Tower (NYSE:AMT) last released its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.87 by ($0.91). The firm had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.83 billion. American Tower had a net margin of 19.30% and a return on equity of 24.75%. American Tower’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter last year, the company posted $1.74 earnings per share. As a group, analysts expect that American Tower Corp will post 7.67 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Friday, September 27th will be issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 1.68%. This is a positive change from American Tower’s previous quarterly dividend of $0.92. The ex-dividend date is Thursday, September 26th. American Tower’s dividend payout ratio is 47.56%.

Several equities research analysts recently commented on the stock. Morgan Stanley boosted their price objective on shares of American Tower from $201.00 to $216.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 19th. SunTrust Banks boosted their price objective on shares of American Tower to $230.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. KeyCorp boosted their price objective on shares of American Tower from $225.00 to $253.00 and gave the stock an “overweight” rating in a research report on Monday, August 19th. Citigroup boosted their price objective on shares of American Tower from $236.00 to $240.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 4th. Finally, ValuEngine lowered shares of American Tower from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Eleven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $206.87.

A number of large investors have recently added to or reduced their stakes in AMT. Nelson Roberts Investment Advisors LLC purchased a new position in shares of American Tower during the 2nd quarter worth about $27,000. NewSquare Capital LLC lifted its holdings in shares of American Tower by 192.3% during the 2nd quarter. NewSquare Capital LLC now owns 152 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 100 shares during the period. Next Capital Management LLC purchased a new position in shares of American Tower during the 2nd quarter worth about $31,000. CX Institutional lifted its holdings in shares of American Tower by 54.9% during the 2nd quarter. CX Institutional now owns 158 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 56 shares during the period. Finally, Litman Gregory Asset Management LLC purchased a new position in shares of American Tower during the 2nd quarter worth about $33,000. Institutional investors own 92.50% 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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Insider Buying and Selling by Quarter for American Tower (NYSE:AMT)

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