American Tower Corporation (REI (NYSE:AMT).
On September 13, 2016 SunTrust Robinson Humphrey added the stock to its research portfolio setting a rating of “Buy”. On July 29 Jefferies left the stock rating at “Buy” but raised the price target to $136.00 from $120.00.
June 16 investment analysts at Citigroup held the company rating at “Buy” and raised the price expectation from $111.00 to $121.00. On April 19 the company was changed to a “Hold” by Evercore ISI Group which is down from the previous “Buy” rating.
February 29 investment analysts at Barclays maintained a company rating of “Overweight” and moved down the price target from $107.00 to $109.00.
The company is now down by -0.53 percent from yesterday’s close. The company also recently announced a dividend that will be paid on Friday the 14th of July 2017. The dividend will be $0.640 per share for the quarter or $2.56 annualized. The dividend yield will be $1.96. The ex-dividend date has been established as Monday the 10th of April 2017.
Shares of the company are trading at $130.28 which is just over $128.51, the 50 day moving average and just a bit higher than the 200 day moving average of $114.96. The 50 day moving average was up $1.77 or +1.38% and the 200 day average moved up $15.32.
American Tower Corporation (ATC), launched on September 24, 1996, is a holding company. The Company operates as a real estate investment trust (REIT), which owns, operates and develops multitenant communications real estate. Its segments include U.S. property; Asia property; Europe, Middle East and Africa (EMEA) property; Latin America property, and Services. Its primary business is property operations, which include the leasing of space on communications sites to wireless service providers, radio and television broadcast companies, wireless data providers, government agencies and municipalities, and tenants in various other industries. Its U.S. property segment includes operations in the United States. Its Asia property segment includes operations in India. The EMEA property segment includes operations in Germany, Ghana, Nigeria, South Africa and Uganda. The Latin America property segment includes operations in Brazil, Chile, Colombia, Costa Rica, Mexico and Peru. Its services segment includes tower-related services in the United States, including site acquisition, zoning and permitting and structural analysis, which primarily supports its site leasing business, including the addition of tenants and equipment on its sites..
American Tower Corporation (REI currently has a P/E ratio of 62.91 and the market cap is 55.37B. In the last earnings report the EPS was $2.07 and is projected to be $2.96 for the current year with 425,009,000 shares currently outstanding. Next quarter’s EPS is forecasted at $0.77 and the next full year EPS is projected to be $3.64.