Economy

Brokerages Set American Tower Corporation (REIT) (AMT) PT at $136.64

Insiders sold a total of 133,350 shares of company stock worth $17,042,690 over the last three months. Webster Bank N.A. raised its stake in shares of American Tower Corporation (REIT) by 86.1% in the first quarter. The Company's CVD/First Nano division supplies chemical vapor deposition systems for use in the research, development and manufacturing of aerospace and medical components, semiconductors, light emitting diodes (LEDs), carbon nanotubes, nanowires, solar cells and a number of other industrial applications. It closed at $66.28 lastly. Hardinge Inc. (NASDAQ:HDNG) has risen 8.84% since July 13, 2016 and is uptrending.

Analysts expect American Tower Corp (NYSE:AMT) to report $1.55 EPS on July, 27.They anticipate $0.17 EPS change or 12.32% from last quarter's $1.38 EPS. SBNY's profit would be $121.36 million giving it 15.57 P/E if the $2.23 EPS is correct. This is a boost from American Tower Corporation (REIT)'s previous quarterly dividend of $0.62. It has outperformed by 6.96% the S&P500.

Investors sentiment increased to 1.09 in 2016 Q4. Its up 0.10, from 0.99 in 2016Q3. It is positive, as 58 investors sold American Tower Corp shares while 271 reduced holdings. The stock is expected to report revenue as high as $1.7 Billion and as low as $1.64 Billion per share. Braun Stacey Assoc owns 111,124 shares. Agf Investments invested 0.4% of its portfolio in American Tower Corp (NYSE:AMT). Toronto Dominion Bancshares has invested 0.02% in American Tower Corp (NYSE:AMT).

The current assessment for American Tower Corporation NYSE:AMT REIT - Diversified on its PE ratio displays a value of 64.65 with a Forward PE of 36.8. S&Co stated it has 2,449 shares. Dana Investment Advsr reported 0.74% of its portfolio in American Tower Corp (NYSE:AMT). Invesco holds 0.23% or 6.34M shares in its portfolio. Lara Gustavo also sold $2.38 million worth of American Tower Corp (NYSE:AMT) on Wednesday, March 15. Asset Management One Co. Norway Savings Bank raised its stake in shares of American Tower Corporation (REIT) by 85.2% in the first quarter.

Since February 7, 2017, it had 0 insider buys, and 11 sales for $37.26 million activity.

In other news, EVP Amit Sharma sold 61,096 shares of the business's stock in a transaction that occurred on Thursday, May 11th.

Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. Ancora Advisors LLC bought a new stake in shares of American Tower Corporation (REIT) during the fourth quarter worth about $104,000.

American Tower Corporation (REIT) (NYSE:AMT) last posted its quarterly earnings results on Thursday, April 27th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the company's stock. Guggenheim Capital LLC raised its position in shares of American Tower Corporation (REIT) by 35.3% in the fourth quarter. The firm has "Buy" rating given on Thursday, June 16 by Citigroup. The stock has "Buy" rating by Zacks on Monday, August 24. The company was initiated on Tuesday, December 6 by Macquarie Research. The rating was maintained by Jefferies on Friday, July 29 with "Buy". The stock of American Tower Corp (NYSE:AMT) earned "Overweight" rating by JP Morgan on Wednesday, October 7.

TRADEMARK VIOLATION NOTICE: This report was reported by Stock Observer and is owned by of Stock Observer. American Tower Corporation now has $56.94B valuation. The stock now has a Market Cap of $54.59B. Integrated Investment Consultants LLC now owns 1,485 shares of the real estate investment trust's stock worth $180,000 after buying an additional 13 shares during the period. ATC's divisions include USA property, Asia property, EMEA property, Latin America property, Services and Other. 128 funds opened positions while 459 raised stakes. Shares have risen 7.82% over the trailing 6 months. It is positive, as 1 investors sold HDNG shares while 25 reduced holdings. Natixis Asset Mngmt owns 6,095 shares or 0.06% of their USA portfolio. Columbia Asset Mngmt has invested 3.37% in Dow Chemical Co (NYSE:DOW). Mar Vista Invest Prtnrs Limited Liability, a California-based fund reported 1.54 million shares. Halsey Assocs Ct reported 124,902 shares stake. Motco owns 2,764 shares for 0.03% of their portfolio. 55,725 were accumulated by Argyle Cap Mngmt. Twin Focus Ltd Com reported 10,630 shares stake. Atwood & Palmer holds 3,300 shares. Wellington Management Ltd Liability Partnership reported 103,126 shares. They expect $1.55 earnings per share, up 12.32% or $0.17 from last year's $1.38 per share. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.51 by $0.84. The firm had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.58 billion. The Dow Chemical Company had 41 analyst reports since August 20, 2015 according to SRatingsIntel. Raymond James had a markedly different take on 12/06/2017, proposing that AMT is now considered Outperform versus prior Strong Buy rating. Evercore downgraded it to "Hold" rating and $110 target in Tuesday, April 19 report. Everyone wants to see their stock picks soar, but the stark reality is that during a market wide sell-off, this may not be the case. The firm has "Outperform" rating by RBC Capital Markets given on Thursday, July 30.



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