The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for American Tower Corp. (AMT) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.26, or 0.13%, to $194.46. The American Tower Corp. has recorded 70,555 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that American Tower Corporation’s Africa Operations to Boost MTN Nigeria’s Connectivity Through Sustainable Agreement.
The company is listed on the NYSE and operates within the REIT – Specialty industry segment. At the end of the last regular session, the stock closed at $194.20 and fluctuated between $195.98 as its day high and $190.89 as its day low. The current market capitalization of American Tower Corp. is $90.53B. A total of 2.9 million shares were traded on the day, compared to an average of 2.11M shares.
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, AMT has seen 1 BUY and 4 SELL insider trades, representing the acquisition of 10,000 and the disposition of 10,275 shares. Over the last 12 months, there were 34 BUYs and 37 SELLs from insiders. Insiders purchased 181,265 shares during that period but sold 92,021.
In the most recent transaction, REED JOANN A sold 4,856 shares of AMT for 183.57 per share on Nov 09. After the transaction, the Director now owns 60,795 company shares. In a previous transaction on Oct 16, HORMATS ROBERT D sold 150 shares at 166.39 per share. AMT shares that Director owns now total 6,943.
Among the insiders who sold shares, HORMATS ROBERT D disposed of 150 shares on Oct 02 at a per-share price of $163.63. This resulted in the Director holding 7,093 shares of AMT after the transaction. In another insider transaction, Smith Rodney M sold 10,000 shares at $178.14 per share on Aug 17. Company shares held by the EVP, CFO & Treasurer now total 50,662.
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. American Tower Corp. pays an annual dividend of $6.39, resulting in a dividend yield of 3.29%, and it has a price to earnings (P/E) ratio of 127.29. AMT’s most recent ex-dividend date was 10/10/2023 when it declared a $1.62 quarterly dividend that was paid in cash on 10/27/2023. Previously, the company paid the dividend on 7/10/2023 with an ex-dividend date of 6/15/2023. The AMT stock dividend was $1.57 per share in cash.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for AMT in the last 3 months, the mean price target is $208.65 with high estimates of $259.00 and low estimates of $169.00. In terms of 52-week highs and lows, AMT has a high of $235.57 and a low of $154.58.
As of this writing, AMT has an earnings estimate of $0.9 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $1.14 per share and a lower estimate of $0.77. The company reported an EPS of $1.02 in the last quarter, which was -7.30% lower than expectations of $1.1.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. AMT’s latest balance sheet shows that the firm has $1.95B in Cash & Short Term Investments as of fiscal 2021. There were $52.01B in debt and $9.07B in liabilities at the time. Its Book Value Per Share was $9.72, while its Total Shareholder’s Equity was $9.07B.
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for AMT is Buy with a score of 4.65.