American Tower Co. (NYSE:AMT – Get Free Report) has been given a consensus rating of “Moderate Buy” by the twelve brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $240.93.

AMT has been the topic of a number of recent analyst reports. Royal Bank of Canada decreased their target price on shares of American Tower from $233.00 to $230.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 1st. StockNews.com initiated coverage on shares of American Tower in a research report on Thursday. They issued a “hold” rating on the stock. Raymond James decreased their target price on shares of American Tower from $238.00 to $211.00 in a research report on Friday, July 28th. Barclays cut their price target on shares of American Tower from $233.00 to $228.00 and set an “overweight” rating on the stock in a research note on Monday, August 7th. Finally, Wells Fargo & Company cut their price target on shares of American Tower from $245.00 to $215.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 18th.

Get American Tower alerts:

View Our Latest Stock Analysis on AMT

Insiders Place Their Bets

Institutional Trading of American Tower

In other American Tower news, CFO Rodney M. Smith sold 3,524 shares of the business’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $188.91, for a total transaction of $665,718.84. Following the completion of the transaction, the chief financial officer now owns 53,389 shares in the company, valued at approximately $10,085,715.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink . In other news, CFO Rodney M. Smith sold 2,727 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $187.17, for a total value of $510,412.59. Following the completion of the sale, the chief financial officer now owns 50,662 shares in the company, valued at $9,482,406.54. The sale was disclosed in a legal filing with the SEC, which is available at this link . Also, CFO Rodney M. Smith sold 3,524 shares of the business’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $188.91, for a total value of $665,718.84. Following the sale, the chief financial officer now directly owns 53,389 shares in the company, valued at $10,085,715.99. The disclosure for this sale can be found here . 0.24% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the stock. ProShare Advisors LLC boosted its stake in shares of American Tower by 3.2% during the 4th quarter. ProShare Advisors LLC now owns 115,982 shares of the real estate investment trust’s stock worth $24,572,000 after acquiring an additional 3,559 shares in the last quarter. HB Wealth Management LLC boosted its stake in shares of American Tower by 3.5% during the 1st quarter. HB Wealth Management LLC now owns 20,731 shares of the real estate investment trust’s stock worth $4,236,000 after acquiring an additional 695 shares in the last quarter. Dakota Wealth Management boosted its stake in American Tower by 22.2% during the 1st quarter. Dakota Wealth Management now owns 11,274 shares of the real estate investment trust’s stock valued at $2,304,000 after purchasing an additional 2,045 shares during the period. Strategic Blueprint LLC boosted its stake in American Tower by 5.0% during the 1st quarter. Strategic Blueprint LLC now owns 2,958 shares of the real estate investment trust’s stock valued at $604,000 after purchasing an additional 140 shares during the period. Finally, Marshall Financial Group LLC bought a new stake in American Tower during the 4th quarter valued at approximately $1,581,000. Institutional investors own 97.13% of the company’s stock.

American Tower Trading Up 0.1 %

Shares of AMT opened at $176.45 on Friday. The firm’s fifty day moving average is $189.38 and its two-hundred day moving average is $196.50. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.96. The stock has a market cap of $82.25 billion, a PE ratio of 85.24, a price-to-earnings-growth ratio of 1.32 and a beta of 0.57. American Tower has a 52-week low of $174.30 and a 52-week high of $277.59.

American Tower Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 10th. Shareholders of record on Friday, June 16th were given a dividend of $1.57 per share. This represents a $6.28 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date was Thursday, June 15th. This is a positive change from American Tower’s previous quarterly dividend of $1.56. American Tower’s payout ratio is 303.38%.

About American Tower

(Get Free Report

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 nearly 226,000 communications sites and a highly interconnected footprint of U.S. data center facilities.

Featured Articles

Receive News & Ratings for American Tower Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Tower and related companies with MarketBeat.com's FREE daily email newsletter.