American Tower Corp (AMT) Plans Quarterly Dividend of $0.28
American Tower Corp (NYSE:AMT) declared a quarterly dividend on Thursday, September 12th, Stock Ratings Network reports. Stockholders of record on Monday, September 23rd will be given a dividend of $0.28 per share on Monday, October 7th. This represents a $1.12 dividend on an annualized basis and a yield of 1.51%.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of American Tower Corp (NYSE:AMT) in a research note to investors on Thursday, August 29th. They now have a $73.00 price target on the stock. On a related note, analysts at ISI Group upgraded shares of American Tower Corp (NYSE:AMT) from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, August 13th. They now have a $79.00 price target on the stock. Finally, analysts at Pacific Crest cut their price target on shares of American Tower Corp (NYSE:AMT) from $97.00 to $93.00 in a research note to investors on Friday, August 2nd. They now have an “outperform” rating on the stock.
Two analysts have rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $85.76.
American Tower Corp (NYSE:AMT) traded down 1.20% on Thursday, hitting $74.12. 2,538,315 shares of the company’s stock traded hands. American Tower Corp has a 1-year low of $67.89 and a 1-year high of $85.26. The stock’s 50-day moving average is $70.56 and its 200-day moving average is $76.15. The company has a market cap of $29.277 billion and a P/E ratio of 46.89.
American Tower Corp (NYSE:AMT) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.92 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.52 by $0.40. The company had revenue of $808.80 million for the quarter, compared to the consensus estimate of $815.11 million. During the same quarter in the prior year, the company posted $0.12 earnings per share. The company’s quarterly revenue was up 15.9% on a year-over-year basis. Analysts expect that American Tower Corp will post $1.82 EPS for the current fiscal year.
In other American Tower Corp news, CEO James D. Taiclet, Jr. unloaded 100,000 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $73.15, for a total value of $7,315,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
American Tower Corporation is a holding company. The Company conducts its operations through its directly and indirectly owned subsidiaries and joint ventures.
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