Headlines about American Tower (NYSE:AMT) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded 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 0.15 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 45.4377851423549 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media headlines that may have effected Accern’s rankings:
Shares of American Tower stock traded down $1.92 during midday trading on Friday, hitting $142.16. The company had a trading volume of 1,527,390 shares, compared to its average volume of 2,778,492. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 2.85. The company has a market capitalization of $63,063.74, a P/E ratio of 22.28, a PEG ratio of 1.61 and a beta of 0.78. American Tower has a 52-week low of $121.57 and a 52-week high of $155.28.
American Tower (NYSE:AMT) last posted its quarterly earnings results on Tuesday, February 27th. The real estate investment trust reported $1.59 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($0.04). The company had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.69 billion. American Tower had a return on equity of 17.20% and a net margin of 18.31%. The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.52 EPS. equities analysts expect that American Tower will post 7.09 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 27th. Investors of record on Wednesday, April 11th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, April 10th. This represents a $3.00 annualized dividend and a dividend yield of 2.11%. This is an increase from American Tower’s previous quarterly dividend of $0.70. American Tower’s dividend payout ratio is presently 43.89%.
American Tower announced that its board has authorized a stock repurchase program on Thursday, December 7th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the real estate investment trust to reacquire shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.
A number of research analysts have weighed in on the company. Oppenheimer upped their target price on American Tower from $155.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, December 20th. Morgan Stanley reduced their target price on American Tower from $161.00 to $157.00 and set an “overweight” rating on the stock in a report on Friday, March 16th. Citigroup reduced their target price on American Tower from $169.00 to $162.00 and set a “buy” rating on the stock in a report on Monday, March 5th. KeyCorp set a $171.00 target price on American Tower and gave the stock a “buy” rating in a report on Tuesday, February 27th. Finally, Zacks Investment Research downgraded American Tower from a “hold” rating to a “sell” rating in a report on Tuesday, February 6th. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $158.57.
In related news, EVP William H. Hess sold 28,291 shares of the company’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $145.28, for a total value of $4,110,116.48. Following the transaction, the executive vice president now directly owns 92,721 shares of the company’s stock, valued at approximately $13,470,506.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joann A. Reed sold 845 shares of the company’s stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $146.83, for a total value of $124,071.35. The disclosure for this sale can be found here. Insiders sold a total of 32,636 shares of company stock worth $4,746,448 in the last 90 days. 0.86% of the stock is currently owned by company insiders.
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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 over 150,000 communications sites. For more information about American Tower, please visit the ?Earnings Materials? and ?Company & Industry Resources? sections of our investor relations website at www.americantower.com.
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