After Hours
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. Earlier, Yahoo Finance discussed this stock as it revealed American Tower Corporation Announces Participation in Upcoming March Investor Conferences.
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Stocks Info
The company is listed on the NYSE and operates within the REIT – Specialty industry segment. The current market capitalization of American Tower Corp. is $92.70B. A total of 4.68 million shares were traded on the day, compared to an average of 2.25M shares.
Insider Activity
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, AMT has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 23 BUYs and 27 SELLs from insiders. Insiders purchased 104,988 shares during that period but sold 71,092.
In the most recent transaction, THOMPSON SAMME L sold 2,527 shares of AMT for 190.22 per share on Feb 26. After the transaction, the Director now owns 23,171 company shares. In a previous transaction on Nov 09, REED JOANN A sold 4,856 shares at 183.57 per share. AMT shares that Director owns now total 60,795.
Among the insiders who sold shares, HORMATS ROBERT D disposed of 150 shares on Oct 16 at a per-share price of $166.39. This resulted in the Director holding 6,943 shares of AMT after the transaction. In another insider transaction, HORMATS ROBERT D sold 150 shares at $163.63 per share on Oct 02. Company shares held by the Director now total 7,093.
Dividend
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. American Tower Corp. pays an annual dividend of $6.45, resulting in a dividend yield of 3.24%, and it has a price to earnings (P/E) ratio of 62.61. AMT’s most recent ex-dividend date was 12/27/2023 when it declared a $1.70 quarterly dividend that was paid in cash on 2/1/2024. Previously, the company paid the dividend on 10/27/2023 with an ex-dividend date of 10/10/2023. The AMT stock dividend was $1.62 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 $227.94 with high estimates of $245.00 and low estimates of $183.00. In terms of 52-week highs and lows, AMT has a high of $219.10 and a low of $154.58.
As of this writing, AMT has an earnings estimate of $1.5 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $1.82 per share and a lower estimate of $1.08. The company reported an EPS of $1.26 in the last quarter, which was 11.50% higher than expectations of $1.13.
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 $9.00, while its Total Shareholder’s Equity was $9.07B.
Analysts Opinion
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.
