American Tower Co. (AMT) Forecasted to Earn Q4 2018 Earnings of $1.75 Per Share

American Tower Co. (NYSE:AMT) – Research analysts at Jefferies Group lowered their Q4 2018 earnings per share (EPS) estimates for shares of American Tower in a note issued to investors on Wednesday, April 18th. Jefferies Group analyst S. Goldman now forecasts that the real estate investment trust will post earnings per share of $1.75 for the quarter, down from their prior forecast of $1.76.

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AMT has been the topic of several other reports. KeyCorp set a $171.00 target price on American Tower and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Citigroup reduced their target price on American Tower from $162.00 to $161.00 and set a “buy” rating on the stock in a research report on Tuesday, March 27th. Zacks Investment Research downgraded American Tower from a “hold” rating to a “sell” rating in a research report on Tuesday, February 6th. Finally, 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 research report on Friday, March 16th. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $160.38.

NYSE AMT opened at $137.42 on Thursday. American Tower has a twelve month low of $122.73 and a twelve month high of $155.28. The stock has a market cap of $62,168.81, a P/E ratio of 21.54, a price-to-earnings-growth ratio of 1.59 and a beta of 0.78. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 2.85.

American Tower (NYSE:AMT) last released its earnings results on Tuesday, February 27th. The real estate investment trust reported $1.59 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.63 by ($0.04). American Tower had a return on equity of 17.20% and a net margin of 18.31%. The business had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.69 billion. During the same quarter last year, the company posted $1.52 earnings per share. The business’s quarterly revenue was up 10.7% compared to the same quarter last year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Wednesday, April 11th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.18%. This is an increase from American Tower’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Tuesday, April 10th. American Tower’s dividend payout ratio (DPR) is 47.02%.

In other news, EVP William H. Hess sold 28,291 shares of the stock in a transaction dated 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 completion of the sale, the executive vice president now owns 92,721 shares in the company, valued at $13,470,506.88. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Amit Sharma sold 32,943 shares of the stock in a transaction dated Monday, April 16th. The shares were sold at an average price of $138.82, for a total value of $4,573,147.26. Following the completion of the sale, the executive vice president now owns 111,558 shares of the company’s stock, valued at approximately $15,486,481.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 65,579 shares of company stock worth $9,319,595. Company insiders own 0.86% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Pinebridge Investments L.P. acquired a new stake in shares of American Tower in the fourth quarter valued at about $182,000. SNS Financial Group LLC acquired a new stake in shares of American Tower in the fourth quarter valued at about $201,000. Resources Investment Advisors Inc. grew its stake in shares of American Tower by 51.1% in the fourth quarter. Resources Investment Advisors Inc. now owns 1,428 shares of the real estate investment trust’s stock valued at $203,000 after buying an additional 483 shares in the last quarter. Cypress Wealth Services LLC acquired a new stake in shares of American Tower in the fourth quarter valued at about $204,000. Finally, Moors & Cabot Inc. acquired a new stake in shares of American Tower in the fourth quarter valued at about $204,000. Institutional investors and hedge funds own 89.98% of the company’s stock.

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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.

Earnings History and Estimates for American Tower (NYSE:AMT)

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