American Tower Corp (NYSE: AMT) is 12.93% higher on its value in year-to-date trading and has touched a low of $170.46 and a high of $243.56 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AMT stock was last observed hovering at around $209.61 in the last trading session, with the day’s loss setting it -2.49%.
Currently trading at $207.12, the stock is 6.56% and 10.27% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.0 million and changing -1.19% at the moment leaves the stock 0.56% off its SMA200. AMT registered 4.15% gain for a year compared to 6-month loss of -7.34%.
The stock witnessed a 11.99% gain in the last 1 month and extending the period to 3 months gives it a -1.04%, and is 1.65% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.75% over the week and 2.23% over the month.
American Tower Corp (AMT) has around 4691 employees, a market worth around $96.82B and $10.80B in sales. Current P/E ratio is 43.01 and Fwd P/E is 29.45. Profit margin for the company is 20.87%. Distance from 52-week low is 21.51% and -14.96% from its 52-week high. The company has generated returns on investments over the last 12 months (5.24%).
with sales reaching $2.54B over the same period.The EPS is expected to grow by 33.49% this year, but quarterly earnings will post 1.17% year-over-year. Quarterly sales are estimated to shrink -10.41% in year-over-year returns.
American Tower Corp (AMT) Top Institutional Holders
The shares outstanding are 467.38M, and float is at 466.26M with Short Float at 1.29%.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 62.54 million shares valued at $12.16 billion. The investor’s holdings represent 13.406% of the AMT Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 38.11 million shares valued at $$7.41 billion to account for 8.1701 of the shares outstanding. The other top investors are STATE STREET CORP which holds 20.54 million shares representing 4.3974% and valued at over $4.02 billion, while COHEN & STEERS, INC. holds 3.7979 of the shares totaling 17.74 million with a market value of $3.45 billion.
American Tower Corp (AMT) Insider Activity
A total of 0 insider transactions have happened at American Tower Corp (AMT) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider sale by Meyer Robert Joseph JR,the company’sSVP & Chief Accounting Officer. SEC filings show that Meyer Robert Joseph JR sold 2,939 shares of the company’s common stock on Feb 27 ’25 at a price of $202.18 per share for a total of $0.59 million. Following the sale, the insider now owns 26210.0 shares.
American Tower Corp disclosed in a document filed with the SEC on Feb 26 ’25 that Meyer Robert Joseph JR (SVP & Chief Accounting Officer) sold a total of 2,724 shares of the company’s common stock. The trade occurred on Feb 26 ’25 and was made at $201.12 per share for $0.55 million. Following the transaction, the insider now directly holds 29149.0 shares of the AMT stock.
Still, SEC filings show that on Feb 26 ’25, REEVE PAMELA D A (Director) disposed off 4,971 shares at an average price of $202.97 for $1.01 million. The insider now directly holds 19,634 shares of American Tower Corp (AMT).
American Tower Corp (AMT): Who are the competitors?
The company’s main competitors (and peers) include Crown Castle Inc. (CCI) that is trading -15.94% down over the past 12 months. SBA Communications Corp. (SBAC) that is 1.10% higher over the same period.
