American Tower Corporation (REIT) (NYSE:AMT) PT Raised to $167.00

American Tower Corporation (REIT) (NYSE:AMT) had its price target upped by research analysts at Citigroup Inc. from $142.00 to $167.00 in a report issued on Monday, August 28th. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Citigroup Inc.’s target price would indicate a potential upside of 15.16% from the stock’s current price.

Several other analysts also recently issued reports on the company. BidaskClub raised American Tower Corporation (REIT) from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. Argus lifted their price objective on American Tower Corporation (REIT) from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Zacks Investment Research raised American Tower Corporation (REIT) from a “hold” rating to a “buy” rating and set a $152.00 target price on the stock in a research report on Thursday, August 3rd. Cowen and Company restated a “buy” rating and set a $155.00 price objective on shares of American Tower Corporation (REIT) in a report on Wednesday, July 19th. Finally, Deutsche Bank AG boosted their price objective on American Tower Corporation (REIT) from $145.00 to $157.00 and gave the company a “buy” rating in a report on Friday, July 14th. Thirteen analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and a consensus target price of $148.58.

American Tower Corporation (NYSE AMT) traded up 1.51% on Monday, hitting $145.01. 3,210,562 shares of the stock traded hands. The stock has a 50-day moving average price of $141.85 and a 200 day moving average price of $130.37. The company has a market cap of $62.23 billion, a price-to-earnings ratio of 58.00 and a beta of 0.70. American Tower Corporation has a 1-year low of $99.72 and a 1-year high of $148.71.

American Tower Corporation (REIT) (NYSE:AMT) last posted its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.80 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.55 by ($0.75). American Tower Corporation (REIT) had a net margin of 18.58% and a return on equity of 16.70%. The company had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the previous year, the firm earned $1.38 earnings per share. The firm’s quarterly revenue was up 15.3% on a year-over-year basis. On average, analysts anticipate that American Tower Corporation will post $3.02 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: “American Tower Corporation (REIT) (NYSE:AMT) PT Raised to $167.00” was originally published by BBNS and is the property of of BBNS. If you are viewing this news story on another domain, it was illegally copied and republished in violation of U.S. and international copyright & trademark laws. The legal version of this news story can be accessed at https://baseballnewssource.com/markets/citigroup-inc-increases-american-tower-corporation-reit-amt-price-target-to-167-00/1565701.html.

In other news, EVP Steven C. Marshall sold 20,548 shares of the stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $134.92, for a total value of $2,772,336.16. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Amit Sharma sold 20,747 shares of the stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $139.67, for a total value of $2,897,733.49. Following the completion of the transaction, the executive vice president now directly owns 101,605 shares in the company, valued at $14,191,170.35. The disclosure for this sale can be found here. Insiders have sold a total of 80,295 shares of company stock worth $11,347,780 over the last ninety days. 0.86% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Intl Fcstone Inc. purchased a new stake in shares of American Tower Corporation (REIT) in the second quarter worth about $1,193,000. Gs Investments Inc. purchased a new stake in shares of American Tower Corporation (REIT) in the second quarter worth about $812,000. Brookfield Asset Management Inc. boosted its stake in shares of American Tower Corporation (REIT) by 10.3% in the second quarter. Brookfield Asset Management Inc. now owns 2,628,643 shares of the real estate investment trust’s stock worth $347,822,000 after buying an additional 244,700 shares during the last quarter. Achmea Investment Management B.V. boosted its stake in shares of American Tower Corporation (REIT) by 133.8% in the second quarter. Achmea Investment Management B.V. now owns 21,522 shares of the real estate investment trust’s stock worth $2,845,000 after buying an additional 12,315 shares during the last quarter. Finally, Atlantic Trust LLC boosted its stake in shares of American Tower Corporation (REIT) by 0.5% in the second quarter. Atlantic Trust LLC now owns 4,345 shares of the real estate investment trust’s stock worth $575,000 after buying an additional 21 shares during the last quarter. Hedge funds and other institutional investors own 92.09% of the company’s stock.

About American Tower Corporation (REIT)

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.

Analyst Recommendations for American Tower Corporation (REIT) (NYSE:AMT)

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

 


Latest News

American League Once Again Dominates National League
American League Once Again Dominates National League
Los Angeles Dodgers Waiting But Magic Number Down to One
Los Angeles Dodgers Waiting But Magic Number Down to One
Young Girl Hit by Foul Ball Rushed to Hospital
Young Girl Hit by Foul Ball Rushed to Hospital
New Home Run Record Reached in Major League Baseball
New Home Run Record Reached in Major League Baseball
Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?
Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22


Leave a Reply

 
© 2006-2017 BBNS.