American Tower (NYSE:AMT) Earns News Impact Rating of 0.19

Media stories about American Tower (NYSE:AMT) have trended somewhat positive on Thursday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. American Tower earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 46.4941559635368 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the news stories that may have impacted Accern Sentiment’s scoring:

American Tower (NYSE AMT) traded up $0.42 on Thursday, hitting $135.90. 1,429,647 shares of the company were exchanged, compared to its average volume of 2,800,643. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.61. The firm has a market cap of $58,440.00, a price-to-earnings ratio of 51.05, a PEG ratio of 1.29 and a beta of 0.77. American Tower has a 12 month low of $106.85 and a 12 month high of $155.28.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Thursday, December 28th were paid a $0.70 dividend. This is a positive change 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 2.06%. American Tower’s dividend payout ratio (DPR) is 106.46%.

American Tower announced that its board has approved a stock buyback plan on Thursday, December 7th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the real estate investment trust to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Several research analysts have recently issued reports on AMT shares. Jefferies Group upped their price target on shares of American Tower from $144.00 to $163.00 and gave the stock a “buy” rating in a report on Wednesday, November 1st. Cowen reissued a “buy” rating on shares of American Tower in a research note on Tuesday, October 24th. Argus boosted their price objective on shares of American Tower to $170.00 and gave the stock a “buy” rating in a research note on Thursday, November 9th. Zacks Investment Research raised shares of American Tower from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a research report on Friday, November 3rd. Finally, ValuEngine raised shares of American Tower from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. One analyst has rated the stock with a sell rating, one has given a hold rating and sixteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $158.60.

In other news, Director David E. Sharbutt sold 1,584 shares of the stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $144.44, for a total transaction of $228,792.96. Following the completion of the transaction, the director now directly owns 4,861 shares of the company’s stock, valued at approximately $702,122.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman James D. Taiclet, Jr. sold 34,667 shares of the stock in a transaction that occurred on 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 directly owns 305,374 shares of the company’s stock, valued at $43,521,902.48. The disclosure for this sale can be found here. Insiders have sold a total of 41,251 shares of company stock valued at $5,885,334 over the last three months. Insiders own 0.86% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for American Tower (NYSE:AMT)

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