American Tower Corp. (AMT) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility.

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Stocks Info

American Tower Corp. is listed on the NYSE in the Real Estate sector while operating in the REIT – Specialty industry. The current market capitalization of American Tower Corp. is $84.65B. A total of 2.59 million shares were traded on the day, compared to an average of 2.57M shares.

In the most recent transaction, HORMATS ROBERT D sold 700 shares of AMT for 183.50 per share on May 03 ’24. After the transaction, the Director now owns 7,332 company shares. In a previous transaction on Mar 15 ’24, Font Juan sold 540 shares at 197.49 per share. AMT shares that SVP, Pres. & CEO, CoreSite owns now total 19,265.

Among the insiders who sold shares, Smith Rodney M disposed of 11,510 shares on Mar 06 ’24 at a per-share price of $205.71. This resulted in the EVP, CFO & Treasurer holding 62,969 shares of AMT after the transaction. In another insider transaction, Vondran Steven O sold 3,265 shares at $200.42 per share on Mar 04 ’24. Company shares held by the President and CEO now total 58,372.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. American Tower Corp. pays an annual dividend of $6.51, resulting in a dividend yield of 3.59%, and it has a price to earnings (P/E) ratio of 41.03. AMT’s most recent ex-dividend date was 4/11/2024 when it declared a $1.62 quarterly dividend that was paid in cash on 4/26/2024. Previously, the company paid the dividend on 2/1/2024 with an ex-dividend date of 12/27/2023. The AMT stock dividend was $1.70 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, AMT has a high of $219.10 and a low of $154.58.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future 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 $8.67, while its Total Shareholder’s Equity was $9.07B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. 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 4.53.

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