Analysts expected the average price target of $161.55 that is probable to reach in coming one year period. Edgewood Management LLC boosted its holdings in shares of American Tower by 1.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 179,204 shares of the real estate investment trust's stock worth $24,494,000 after acquiring an additional 21,984 shares during the period.
Edgewood Management Llc increased its stake in American Tower Corp New (AMT) by 1.72% based on its latest 2017Q4 regulatory filing with the SEC. Finally, Moors & Cabot Inc. bought a new position in shares of American Tower during the 4th quarter worth about $204,000. Edgewood Management Llc who had been investing in American Tower Corp New for a number of months, seems to be bullish on the $63.05 billion market cap company.
A number of research firms have recently commented on AMT. For example, a 20-period moving average is the average of the closing prices for the past 20 periods, including the current period.
The stock of American Tower Corporation (AMT) formed a descending triangle with $151.68 target or 5.00 % above today's $144.46 share price.
In a research note revealed to clients this morning, Citigroup maintained their Buy rating on American Tower (NYSE:AMT) shares. Finally, KeyCorp set a $171.00 price objective on American Tower and gave the company a "buy" rating in a report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and sixteen have given a buy rating to the stock. Cowen & Co has "Buy" rating and $161.0 target.
Khloe Kardashian dreams about late dog
Khloe doesn't want to do it after the baby comes, and Tristan is telling her that she doesn't need to. Khloe is now in Cleveland with boyfriend Tristan Thompson , just waiting for her daughter to arrive.
Shares in Marvell Technology Group Ltd. (MRVL) Purchased by Invictus RG
It is positive, as 34 investors sold MRVL shares while 102 reduced holdings. 115 funds opened positions while 470 raised stakes. Marvell Technology Group ( NASDAQ : MRVL ) last released its quarterly earnings results on Thursday, March 8th.
Blazers' Harkless out; Pelicans' Rondo, Mirotic available
They remain in third position in the west with a 45-28 record, two games ahead of OKC in fourth with just nine games to go. Davis wound up with a stat-stuffing night of 36 points, 14 rebounds, four assists, six blocks and two steals.
American Tower stock opened at $144.46 on Wednesday.
Moving toward the technical facts, its current distance from 20-Day Simple Moving Average is 1.49% and standing 2.59% away from 50-Day Simple Moving Average while traded 3.07% away from 200-Day Simple Moving Average. American Tower Corp has a 1-year low of $119.52 and a 1-year high of $155.28. This discount could be the result of weak market conditions or overreaction to recent company setbacks.
Analysts await American Tower Corporation (NYSE:REIT) to report earnings on April, 26. A's profit will be $206.39M for 25.92 P/E if the $0.64 EPS becomes a reality. American Tower had a return on equity of 17.20% and a net margin of 18.31%. The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.69 billion. Analysts are expecting an EPS change of 32.70% for the current year. After $0.66 actual EPS reported by Agilent Technologies, Inc. for the previous quarter, Wall Street now forecasts -3.03% negative EPS growth. Stockholders of record on Wednesday, April 11th will be issued a dividend of $0.75 per share. This is a positive change from American Tower's previous quarterly dividend of $0.70. The shares price displayed 2.70% return during the recent quarter while it has presented performance of 5.15% over the past six months. The ex-dividend date is Tuesday, April 10th. United Kingdom-based Legal And General Group Public Ltd has invested 0.28% in American Tower Corporation (NYSE:REIT). Raymond James downgraded the shares of AMT in report on Monday, June 12 to "Outperform" rating. The firm owned 2,581,327 shares of the investment management company's stock after selling 184,259 shares during the period.
American Tower declared that its Board of Directors has approved a share buyback plan on Thursday, December 7th that authorizes the company to buyback $2.00 billion in outstanding shares. The shares were sold at an average price of $145.28, for a total transaction of $4,110,116.48. The sale was disclosed in a filing with the SEC, which can be accessed through this link. On Wednesday, December 6 the stock rating was maintained by SunTrust with "Buy". 3,500 shares were sold by THOMPSON SAMME L, worth $512,246. The disclosure for this sale can be found here. Over the last three months, insiders sold 37,636 shares of company stock valued at $5,462,248. Hedge funds and other institutional investors own 89.96% of the company's stock.
COPYRIGHT VIOLATION WARNING: This article was first published by registrarjournal.com and is the sole property of of registrarjournal.com. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of U.S. & worldwide copyright and trademark laws. Institutional owners hold 91.90% stake while Insiders ownership held at 0.20% in the company. The Company operates as a real estate investment trust (REIT), which owns, operates and develops multitenant communications real estate.
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