Media stories about American Tower (NYSE:AMT) have been trending somewhat positive on Tuesday, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. American Tower earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 46.3484361369261 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media headlines that may have impacted Accern’s scoring:
- Capital Gain Distribution (businesswire.com)
- American Tower Corporation Announces Tax Reporting Information for 2017 Distributions (finance.yahoo.com)
- Stocks Trend Prediction: American Tower Corporation (REIT) (AMT), Apache Corporation (APA) – Market Movers (financialqz.com)
- American Tower: Next-Gen TV And 5G On The Horizon – Seeking Alpha (seekingalpha.com)
- Stock Market News for Jan 19, 2018 (finance.yahoo.com)
Shares of American Tower (AMT) traded up $1.96 during midday trading on Tuesday, reaching $141.20. 2,923,425 shares of the company traded hands, compared to its average volume of 2,492,047. The firm has a market cap of $59,790.00, a P/E ratio of 53.69, a price-to-earnings-growth ratio of 1.30 and a beta of 0.73. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.61. American Tower has a 1-year low of $102.73 and a 1-year high of $155.28.
American Tower (NYSE:AMT) last issued its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.61 by ($0.92). The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.68 billion. American Tower had a return on equity of 16.98% and a net margin of 18.63%. research analysts predict that American Tower will post 6.53 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Thursday, December 28th were given a dividend of $0.70 per share. This is an increase from American Tower’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend was Wednesday, December 27th. This represents a $2.80 annualized dividend and a yield of 1.98%. American Tower’s dividend payout ratio is 106.46%.
American Tower declared that its Board of Directors has initiated a stock buyback program on Thursday, December 7th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the real estate investment trust to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.
Several equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of American Tower from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. KeyCorp set a $156.00 target price on shares of American Tower and gave the stock an “overweight” rating in a report on Wednesday, November 1st. Macquarie upped their target price on shares of American Tower from $162.00 to $165.00 and gave the stock an “outperform” rating in a report on Wednesday, November 1st. ValuEngine raised shares of American Tower from a “hold” rating to a “buy” rating in a report on Friday, November 10th. Finally, Cowen reaffirmed a “buy” rating on shares of American Tower in a report on Tuesday, October 24th. One investment analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. American Tower has an average rating of “Buy” and a consensus price target of $158.60.
In related news, Chairman James D. Taiclet, Jr. sold 34,667 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $142.52, for a total transaction of $4,940,740.84. Following the transaction, the chairman now owns 305,374 shares in the company, valued at approximately $43,521,902.48. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman James D. Taiclet, Jr. sold 34,000 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $151.20, for a total transaction of $5,140,800.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 75,251 shares of company stock worth $11,026,134. 0.86% of the stock is owned by corporate insiders.
American Tower 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.
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