Don’t Be Fooled By Gain in American Tower Corporation (REIT) [AMT] Stock

American Tower Corporation (REIT) [AMT] shares are up more than 7.09% this year and recently increased 0.01% or $2.45 to settle at $228.67. Analysts expect AMT to grow earnings at a 16.11% annual rate over the next 5 years. AMT has a short ratio of 1.78. This implies that the market is currently less bullish on the outlook for AMT.

On 3, December 2020, American Tower Corporation Declares Quarterly Distribution. According to news published on Yahoo Finance, American Tower Corporation (NYSE: AMT) today announced that its board of directors has declared its quarterly cash distribution of $1.21 per share on shares of the Company’s common stock. The distribution is payable on February 2, 2021 to such stockholders of record at the close of business on December 28, 2020.

Analyst Birdseye View:

The most recent analyst activity for American Tower Corporation (REIT) [NYSE:AMT] stock was on July 13, 2020, when it was Downgrade with a Sector weight rating from KeyBanc Capital Markets. Before that, on July 15, 2020, Barclays Recapitulated an Overweight rating and elevated its amount target to $296. On June 05, 2020, Deutsche Bank Resumed a Buy rating and boosted its price target on this stock to $287. On May 22, 2020, Oppenheimer Upgrade an Outperform rating. On April 28, 2020, Credit Suisse Initiated an Outperform rating and increased its price target to $308. On April 07, 2020, Wells Fargo Upgrade an Overweight rating and boosted its amount on this stock to $260. On April 02, 2020, UBS Upgrade a Buy rating. Raymond James elevated its amount target by recapitulating a higher weight for this stock.

In the past 52 weeks of trading, this stock has oscillated between a low of $174.32 and a peak of $272.20. Right now, the middling Wall Street analyst 12-month amount mark is $285.00. At the most recent market close, shares of American Tower Corporation (REIT) [NYSE:AMT] were valued at $228.67. According to the average price forecast, investors can expect a potential return of 0.49%.

FUNDAMENTAL ANALYSIS

American Tower Corporation (REIT) [NYSE:AMT] most recently reported quarterly sales of 2.01 billion, which represented growth of 3.00%. This publicly-traded organization’s revenue is $1,389,861 per employee, while its income is $346,131 per employee. This company’s Gross Margin is currently 71.90%, its Operating Margin is 35.70%, its Pretax Margin is +25.28, and its Net Margin is +24.90. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 4.98, 36.33, 6.24 and 6.69 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 86.00 and the whole liability to whole assets at 72.57. It shows enduring liability to the whole principal at 76.53 and enduring liability to assets at 0.65 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 225.77 points at 1st support level, the second support level is making up to 222.88. But as of 1st resistance point, this stock is sitting at 230.23 and at 231.80 for 2nd resistance point.

American Tower Corporation (REIT) [AMT] reported its earnings at $1.04 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $1.1/share signifying the difference of -0.06 and -5.50% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $1 calling estimates for $1.03/share with the difference of -0.03 depicting the surprise of -2.90%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for American Tower Corporation (REIT) [NYSE:AMT] is 0.90. Now if looking for a valuation of this stock’s amount to sales ratio it’s 13.51, it’s amount to book ratio is 20.13 and showing 54.01 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by Vondran Steven O, EVP & President, U.S. Tower, and it was the sale of 1500.0 shares on Dec 01. Vondran Steven O, the EVP & President, U.S. Tower, completed a sale of 1500.0 shares on Nov 02. On Oct 01, Vondran Steven O, EVP & President, U.S. Tower, completed a sale of 1500.0 shares.