Somewhat Positive Media Coverage Somewhat Unlikely to Affect American Tower (NYSE:AMT) Stock Price
Media headlines about American Tower (NYSE:AMT) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. American Tower earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 46.5055716318525 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- Is Stock’s Performance Impressive?: American Tower Corporation (NYSE: AMT) – Alpha Beta Stock (alphabetastock.com)
- What’s Happening With These REIT Stocks? — Arbor Realty Trust, American Tower, Brandywine Realty Trust, and … – PR Newswire (press release) (prnewswire.com)
- Trump team weighs nationalizing 5G – Seeking Alpha (seekingalpha.com)
- Stryker Corporation (SYK), American Tower Corporation (AMT) — Recommendation Trends for – Newburgh Gazette (newburghgazette.com)
- Research Report Identifies Methode Electronics, Bio-Techne, VOXX International, American Tower Corporation (REIT), Medical Properties Trust, and HRG Group with Renewed Outlook — Fundamental Analysis, (markets.financialcontent.com)
Shares of American Tower (NYSE AMT) traded up $0.13 during mid-day trading on Tuesday, reaching $144.46. The company’s stock had a trading volume of 425,953 shares, compared to its average volume of 2,458,652. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.61. American Tower has a one year low of $102.91 and a one year high of $155.28. The firm has a market cap of $61,900.00, a price-to-earnings ratio of 54.60, a PEG ratio of 1.37 and a beta of 0.73.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Thursday, December 28th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.94%. This is a positive change from American Tower’s previous quarterly dividend of $0.66. The ex-dividend date was Wednesday, December 27th. American Tower’s payout ratio is presently 106.46%.
American Tower declared that its board has authorized a stock repurchase plan on Thursday, December 7th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the real estate investment trust to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.
A number of research analysts have recently weighed in on AMT shares. Zacks Investment Research upgraded American Tower from a “hold” rating to a “buy” rating and set a $160.00 price target for the company in a research report on Friday, November 3rd. Morgan Stanley reaffirmed an “overweight” rating and set a $172.00 price objective on shares of American Tower in a research note on Wednesday, December 13th. KeyCorp set a $156.00 price objective on American Tower and gave the company an “overweight” rating in a research note on Wednesday, November 1st. Oppenheimer increased their price objective on American Tower from $155.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, December 20th. Finally, ValuEngine lowered American Tower from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. One investment analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company. American Tower has a consensus rating of “Buy” and an average target price of $158.60.
In related news, Chairman James D. Taiclet, Jr. sold 34,667 shares of the business’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $142.52, for a total transaction of $4,940,740.84. Following the completion of the transaction, the chairman now owns 305,374 shares of the company’s stock, valued at approximately $43,521,902.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Samme L. Thompson sold 5,000 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $143.16, for a total value of $715,800.00. The disclosure for this sale can be found here. Insiders have sold 75,251 shares of company stock worth $11,026,134 over the last three months. 0.86% of the stock is owned by insiders.
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American Tower Company Profile
American Tower Corporation (ATC) is a holding company. The Company operates as a real estate investment trust (REIT), which owns, operates and develops multitenant communications real estate. ATC’s segments include U.S. property, Asia property, EMEA property, Latin America property, Services and Other.
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