Media headlines about American Tower (NYSE:AMT) have trended somewhat positive on Saturday, according to Accern. The research group rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. American Tower earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 46.5690339358389 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
Several research firms have recently weighed in on AMT. Zacks Investment Research raised American Tower from a “hold” rating to a “buy” rating and set a $160.00 price objective for the company in a report on Tuesday, January 2nd. Oppenheimer increased their price objective on American Tower from $155.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, December 20th. Morgan Stanley reissued an “overweight” rating and issued a $172.00 price objective on shares of American Tower in a report on Wednesday, December 13th. ValuEngine downgraded American Tower from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, KeyCorp reaffirmed an “overweight” rating and set a $177.00 price target (up from $156.00) on shares of American Tower in a report on Monday, November 27th. One investment analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $158.60.
Shares of American Tower (NYSE AMT) opened at $145.22 on Friday. 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 fifty-two week low of $102.91 and a fifty-two week high of $155.28. The firm has a market capitalization of $62,280.00, a price-to-earnings ratio of 55.22, a P/E/G ratio of 1.39 and a beta of 0.77.
American Tower (NYSE:AMT) last released its quarterly earnings data 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 business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.68 billion. American Tower had a return on equity of 16.98% and a net margin of 18.63%. analysts anticipate that American Tower will post 6.53 EPS for the current year.
American Tower declared that its board has initiated a stock buyback program on Thursday, December 7th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the real estate investment trust to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Thursday, December 28th were given a $0.70 dividend. This is a boost 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 1.93%. American Tower’s dividend payout ratio is presently 106.46%.
In other American Tower news, Chairman James D. Taiclet, Jr. sold 34,000 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $151.20, for a total value of $5,140,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David E. Sharbutt sold 1,584 shares of the stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $144.44, for a total value of $228,792.96. Following the completion of the transaction, the director now owns 4,861 shares of the company’s stock, valued at approximately $702,122.84. The disclosure for this sale can be found here. Insiders sold 75,251 shares of company stock valued at $11,026,134 in the last quarter. 0.86% of the stock is currently owned by company insiders.
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About American Tower
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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