Analysts Point To American Tower Corp. (NYSE: AMT) Growth In The Future

After Hours

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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 $87.31B. A total of 1.94 million shares were traded on the day, compared to an average of 2.58M 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 dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. American Tower Corp. pays an annual dividend of $6.51, resulting in a dividend yield of 3.48%, and it has a price to earnings (P/E) ratio of 42.31. 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.

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. 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

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 $8.67, 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 4.53.

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