American Tower Corp. (NYSE: AMT) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours.

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Stocks Info

American Tower Corp. is listed on the NYSE as a member of the Real Estate sector and is a part of the REIT – Specialty industry. The current market capitalization of American Tower Corp. is $105.53B. A total of 1.62 million shares were traded on the day, compared to an average of 2.17M shares.

In the most recent transaction, Goel Sanjay sold 5,000 shares of AMT for 238.00 per share on Sep 13 ’24. After the transaction, the EVP & President, Asia-Pacific now owns 18,621 company shares. In a previous transaction on Sep 13 ’24, Goel Sanjay bought 5,000 shares at 238.00 per share.

Among the insiders who sold shares, Noel Eugene M disposed of 33,135 shares on Sep 10 ’24 at a per-share price of $240.00. This resulted in the EVP & President, U.S. Tower holding 26,740 shares of AMT after the transaction. In another insider transaction, EUGENE NOEL bought 33,135 shares at $240.00 per share on Sep 10 ’24.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. American Tower Corp. pays an annual dividend of $6.56, resulting in a dividend yield of 2.90%, and it has a price to earnings (P/E) ratio of 42.43. AMT’s most recent ex-dividend date was 10/9/2024 when it declared a $1.62 quarterly dividend that was paid in cash on 10/25/2024. Previously, the company paid the dividend on 7/12/2024 with an ex-dividend date of 6/14/2024. The AMT stock dividend was $1.62 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, AMT has a high of $243.56 and a low of $159.91.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. AMT’s latest balance sheet shows that the firm has $1.95B in Cash & Short Term Investments as of fiscal 2021. There were $52.01B in debt and $9.07B in liabilities at the time. Its Book Value Per Share was $8.26, while its Total Shareholder’s Equity was $9.07B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for AMT is Buy with a score of 4.45.

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