Economy

American Tower Corporation (REIT) (NYSE:AMT) Under Analyst Spotlight

On Friday, April 28 Meyer Robert Joseph JR sold $5.13 million worth of American Tower Corp (NYSE:AMT) or 40,653 shares. The Halsey Associates Inc holds 111,419 shares with $14.74 million value, down from 122,337 last quarter. Unilever Nv Adr now has $179.00 billion valuation.

American Tower Corporation (NYSE:AMT) appreciated by 1.52% at $140.03, after hitting low of $137.38 in an intra-day trade.

American Tower Corp (NYSE AMT) traded up 0.19% during midday trading on Friday, reaching $132.08. It has outperformed by 9.85% the S&P500. State Of Alaska Department Of Revenue sold 23,420 shares as the company's stock rose 18.69% with the market. Insiders sold 79,747 shares of company stock valued at $11,314,943 over the last quarter. The stock increased 1.52% or $2.1 during the last trading session, reaching $140.03. They expect $1.61 earnings per share, up 8.05% or $0.12 from last year's $1.49 per share. Pieris Pharmaceuticals Inc (NASDAQ:PIRS) has risen 128.81% since October 15, 2016 and is uptrending. It has underperformed by 47.55% the S&P500.

Investors sentiment increased to 1.16 in Q2 2017.

A number of other hedge funds also recently added to or reduced their stakes in AMT. It last reported revenues of $989.45 million and EPS of $0.14 for the June 2017, representing 8% top-line growth and 0.02 EPS growth.

Among 17 analysts covering American Tower Corporation (NYSE:AMT), 16 have Buy rating, 0 Sell and 1 Hold. The stock of American Tower Corp (NYSE:AMT) has "Buy" rating given on Friday, July 29 by Jefferies. Pathstone Family Office has 0.01% invested in American Tower Corp (NYSE:AMT) for 203 shares. Shelton Capital Mngmt reported 0.03% in American Tower Corp (NYSE:AMT). Cetera Advisors Ltd Limited Liability Company reported 0.02% in American Tower Corp (NYSE:AMT).

Highfields Capital Management Lp increased Shire Plc (NASDAQ:SHPG) stake by 195,000 shares to 475,000 valued at $78.50 million in 2017Q2. Wealthtrust has 430 shares. American Tower Corporation (REIT)'s payout ratio is now 106.02%. Dimensional Fund Advisors LP now owns 1,606,119 shares of the real estate investment trust's stock worth $212,525,000 after purchasing an additional 1,432,155 shares during the period. Comerica Inc. (NYSE:CMA) was raised too. Piedmont Inv Advsr Limited Liability Com has 0.34% invested in American Tower Corp (NYSE:AMT) for 116,028 shares. The New York-based Metropolitan Life has invested 0.2% in American Tower Corp (NYSE:AMT).

COPYRIGHT VIOLATION NOTICE: "American Tower Corporation (REIT) (AMT) Position Cut by Public Employees Retirement System of Ohio" was reported by Week Herald and is the property of of Week Herald. During the same period a year ago, the company posted $1.38 EPS. AMT's profit will be $680.65M for 21.74 P/E if the $1.61 EPS becomes a reality. Cornerstone Capital Management Holdings LLC. owned about 0.06% of American Tower Corporation (REIT) worth $34,196,000 at the end of the most recent quarter. Analysts have a mean recommendation of 1.70 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Therefore 56% are positive. American Tower Corporation had 52 analyst reports since August 6, 2015 according to SRatingsIntel. SunTrust Banks, Inc. reaffirmed a "buy" rating on shares of American Tower Corporation (REIT) in a research report on Wednesday, September 20th.

On July 14 Deutsche Bank left the company rating at "Buy" but raised the price expectation from $104.00 to $157.00. Roth Capital initiated the stock with "Buy" rating in Monday, October 3 report.

08/24/2017 - American Tower Corporation (REIT) had its "overweight" rating reiterated by analysts at Morgan Stanley. The company was maintained on Friday, July 28 by Cowen & Co. The firm has "Buy" rating by Stifel Nicolaus given on Monday, November 2. Stifel Nicolaus reaffirmed a "buy" rating and set a $150.00 price target on shares of American Tower Corporation (REIT) in a report on Thursday, July 6th. The company now has an average rating of "Buy" and a consensus target price of $148.58. Finally, Levin Capital Strategies L.P. purchased a new stake in American Tower Corporation (REIT) during the 1st quarter valued at about $650,000. REED JOANN A sold $938,838 worth of stock. More interesting news about American Tower Corp (NYSE:AMT) were released by: Nasdaq.com and their article: "Ex-Dividend Reminder: Host Hotels & Resorts, American Tower and Xenia Hotels ..." published on September 26, 2017 as well as Nasdaq.com's news article titled: "American Tower Corporation (REIT) (AMT) Ex-Dividend Date Scheduled for ..." with publication date: September 27, 2017. Therefore 43% are positive. Equities research analysts predict that American Tower Corporation will post $3.03 earnings per share for the current fiscal year. The firm has "Hold" rating given on Wednesday, August 12 by Zacks. The firm has "Outperform" rating by Oppenheimer given on Tuesday, July 28. The legal version of this report can be viewed at https://stocknewstimes.com/2017/10/14/american-tower-corporation-reit-amt-shares-bought-by-sterling-capital-management-llc.html. On Tuesday, January 17 the stock rating was downgraded by HSBC to "Hold". The stock has "Market Outperform" rating by JMP Securities on Wednesday, August 12. The firm has "Buy" rating by Citigroup given on Thursday, June 16.



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