American Tower (AMT) Expected to Announce Earnings on Tuesday

American Tower (NYSE:AMT - Get Free Report) is anticipated to release its earnings data before the market opens on Tuesday, February 25th. Analysts expect American Tower to post earnings of $1.79 per share and revenue of $2.51 billion for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

American Tower Stock Performance

AMT traded down $1.06 on Friday, hitting $191.32. 3,304,311 shares of the company's stock were exchanged, compared to its average volume of 2,179,106. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 3.27. The stock has a fifty day moving average of $185.67 and a two-hundred day moving average of $207.64. American Tower has a twelve month low of $170.46 and a twelve month high of $243.56. The firm has a market cap of $89.40 billion, a PE ratio of 80.73, a P/E/G ratio of 1.27 and a beta of 0.84.

American Tower Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, December 27th were given a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date was Friday, December 27th. American Tower's payout ratio is 273.42%.

Insider Buying and Selling

In other American Tower news, CFO Rodney M. Smith sold 16,567 shares of the company's stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $181.10, for a total transaction of $3,000,283.70. Following the completion of the sale, the chief financial officer now owns 62,792 shares of the company's stock, valued at $11,371,631.20. This represents a 20.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

AMT has been the subject of a number of recent research reports. Barclays lowered their price objective on American Tower from $215.00 to $214.00 and set an "overweight" rating for the company in a research note on Tuesday, January 28th. Wells Fargo & Company lowered their price target on shares of American Tower from $215.00 to $195.00 and set an "equal weight" rating for the company in a research report on Thursday, January 23rd. The Goldman Sachs Group cut their price objective on shares of American Tower from $260.00 to $234.00 and set a "buy" rating on the stock in a research report on Thursday, December 12th. BMO Capital Markets reduced their target price on shares of American Tower from $255.00 to $245.00 and set an "outperform" rating for the company in a research note on Wednesday, October 30th. Finally, Scotiabank dropped their price target on shares of American Tower from $236.00 to $220.00 and set a "sector outperform" rating on the stock in a research note on Thursday, January 23rd. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $225.79.

About American Tower

American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 224,000 communications sites and a highly interconnected footprint of U.S. data center facilities.