Currently, there are 465.62M common shares owned by the public and among those 463.33M shares have been available to trade.
Insiders at the company have transacted a total of 50 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 23 of these insider trades were purchases, accounting for 104,988 shares. Insider sales of the common stock occurred on 27 occasions, with total insider shares sold totaling 71,092 shares.
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The company’s stock has a 5-day price change of -0.91% and -6.34% over the past three months. AMT shares are trading -13.53% year to date (YTD), with the 12-month market performance down to -4.62% lower. It has a 12-month low price of $154.58 and touched a high of $219.10 over the same period. AMT has an average intraday trading volume of 2.19 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.58%, -7.90%, and -1.30% respectively.
Institutional ownership of American Tower Corp. (NYSE: AMT) shares accounts for 95.12% of the company’s 465.62M shares outstanding.
It has a market capitalization of $87.02B and a beta (3y monthly) value of 0.67. The stock’s trailing 12-month PE ratio is 58.81, while the earnings-per-share (ttm) stands at $3.17. The company has a PEG of 12.59 and the debt-to-equity ratio at 11.23. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.64% over the week and 2.16% over the month.
Analysts forecast that American Tower Corp. (AMT) will achieve an EPS of $0.94 for the current quarter, $1.17 for the next quarter and $4.85 for 2024. The lowest estimate earnings-per-share for the quarter is $0.82 while analysts give the company a high EPS estimate of $1.21. Comparatively, EPS for the current quarter was -$1.47 a year ago. Earnings per share for the fiscal year are expected to increase by 58.65%, and 7.28% over the next financial year. EPS should grow at an annualized rate of 4.67% over the next five years, compared to 2.80% over the past 5-year period.
Looking at the support for the AMT, a number of firms have released research notes about the stock. HSBC Securities stated their Buy rating for the stock in a research note on December 14, 2023, with the firm’s price target at $245. Scotiabank coverage for the American Tower Corp. (AMT) stock in a research note released on October 13, 2023 offered a Sector Outperform rating with a price target of $208. BMO Capital Markets was of a view on July 13, 2023 that the stock is Outperform, while MoffettNathanson gave the stock Outperform rating on March 30, 2023, issuing a price target of $244- $234. KeyBanc Capital Markets on their part issued Sector Weight rating on January 23, 2023.
