American Tower Corp (NYSE:AMT) has received a consensus rating of “Buy” from the eighteen research firms that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $158.67.

A number of equities analysts recently weighed in on AMT shares. Jefferies Group restated a “buy” rating and set a $144.00 price target on shares of American Tower in a research report on Tuesday, September 12th. Macquarie boosted their price target on shares of American Tower from $162.00 to $165.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 1st. BidaskClub upgraded shares of American Tower from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Zacks Investment Research lowered shares of American Tower from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, KeyCorp set a $156.00 price target on shares of American Tower and gave the stock an “overweight” rating in a research report on Wednesday, November 1st.

American Tower (NYSE AMT) opened at $141.80 on Thursday. The firm has a market cap of $60,365.77, a PE ratio of 21.79, a P/E/G ratio of 1.66 and a beta of 0.73. American Tower has a 52-week low of $100.88 and a 52-week high of $155.28. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.42 and a current ratio of 1.42.

In other news, Chairman James D. Taiclet, Jr. sold 34,000 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $151.20, for a total value of $5,140,800.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Edmund Disanto sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $136.00, for a total transaction of $1,360,000.00. Following the completion of the sale, the executive vice president now directly owns 151,928 shares in the company, valued at $20,662,208. The disclosure for this sale can be found here. Insiders sold a total of 122,000 shares of company stock worth $17,580,160 over the last quarter. 0.86% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of American Tower by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 28,442,502 shares of the real estate investment trust’s stock valued at $3,763,512,000 after acquiring an additional 881,020 shares during the period. Janus Henderson Group PLC raised its stake in shares of American Tower by 5.4% in the 3rd quarter. Janus Henderson Group PLC now owns 7,868,533 shares of the real estate investment trust’s stock valued at $1,075,458,000 after acquiring an additional 400,117 shares during the period. Northern Trust Corp raised its stake in shares of American Tower by 9.2% in the 2nd quarter. Northern Trust Corp now owns 6,566,346 shares of the real estate investment trust’s stock valued at $868,858,000 after acquiring an additional 550,608 shares during the period. Edgewood Management LLC raised its stake in shares of American Tower by 1.6% in the 3rd quarter. Edgewood Management LLC now owns 6,326,717 shares of the real estate investment trust’s stock valued at $864,736,000 after acquiring an additional 99,052 shares during the period. Finally, Principal Financial Group Inc. raised its stake in shares of American Tower by 5.6% in the 3rd quarter. Principal Financial Group Inc. now owns 3,164,598 shares of the real estate investment trust’s stock valued at $432,537,000 after acquiring an additional 166,910 shares during the period. 91.89% of the stock is currently owned by institutional investors and hedge funds.

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About American Tower

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.

Analyst Recommendations for American Tower (NYSE:AMT)

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