ibusinesslines.com July 22, 2017

Cleararc Capital Inc. Increases Position in American Tower Corporation (REIT) (NYSE:AMT)

17 July 2017, 05:36 | Kelvin Horton

Jefferies Group LLC restated a "buy" rating and set a $136.00 price target on shares of American Tower Corporation (REIT) in a research report on Monday, April 3rd. As per Thursday, July 30, the company rating was maintained by RBC Capital Markets. The firm has "Neutral" rating by Seaport Global given on Tuesday, May 24. Guggenheim upgraded American Tower Corp (NYSE:AMT) on Tuesday, April 11 to "Buy" rating. Citigroup has "Buy" rating and $133 target.

American Tower Corporation (REIT) (NYSE:AMT) last issued its earnings results on Thursday, April 27th. On Wednesday, August 26 the stock rating was upgraded by Zacks to "Hold". The company has a consensus rating of "Buy" and an average price target of $138.92. Assetmark stated it has 0.1% in American Tower Corp (NYSE:AMT). Macquarie Research initiated American Tower Corp (NYSE:AMT) on Tuesday, December 6 with "Outperform" rating. Over the past 2 quarters, American Tower Corporation (NYSE:AMT) is up 29.35%, compared with a gain of almost 9.06% for 3 months and about 3.64% for the past 30 days. The Royal Bank Of Canada holds 9,337 shares with $982,000 value, down from 226,949 last quarter. Newfield Expl Co now has $5.40B valuation. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $0.77. It is down 0.00% since July 14, 2016 and is. It has underperformed by 16.70% the S&P500.

Analysts await Newfield Exploration Co. Eight analysts have issued estimates for American Tower Corporation (REIT)'s earnings, with the lowest EPS estimate coming in at $1.52 and the highest estimate coming in at $1.57. AMT's profit will be $657.48M for 21.64 P/E if the $1.55 EPS becomes a reality. The dividend was $0.640 per share for the quarter or $2.56 annualized. Integrated Investment Consultants LLC now owns 1,485 shares of the real estate investment trust's stock worth $180,000 after buying an additional 13 shares during the period. The insider WELLS JAMES KENT bought $110,820.

Investors sentiment increased to 1.09 in 2016 Q4. Its up 0.01, from 1.05 in 2016Q3. It improved, as 58 investors sold American Tower Corp shares while 271 reduced holdings. Croft Leominster Inc. raised its stake in American Tower Corporation (REIT) by 1.7% in the first quarter.

Gevo, Inc. (NASDAQ:GEVO) recorded a trading volume of 0.44 million shares, below its 90-day volume average of 0.49 million shares. Pacad Invest Limited reported 4,900 shares. The Akre Capital Management Llc holds 6.70M shares with $708.21 million value, up from 6.30 million last quarter. Janus Capital Management LLC now owns 7,007,311 shares of the real estate investment trust's stock worth $740,579,000 after buying an additional 1,084,942 shares during the last quarter. Credit Agricole S A holds 291,555 shares. Shares have risen 7.82% over the trailing 6 months. Tributary Mgmt Ltd stated it has 0.11% of its portfolio in American Tower Corp (NYSE:AMT). Following the completion of the sale, the executive vice president now directly owns 126,987 shares in the company, valued at $15,360,347.52. Oppenheimer & accumulated 0.15% or 48,221 shares. It also upped Starbucks Corp (NASDAQ:SBUX) stake by 32,500 shares and now owns 204,851 shares. Clinton Gp stated it has 255,856 shares. Amer Century holds 0.28% or 2.48M shares. California Employees Retirement System invested in 0% or 27,800 shares.

According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 1.7 out of the scale from 1 to 5 where 1 stands for Buy and 5 means Sell. Therefore 14% are positive. Hbk Invs Limited Partnership reported 3,810 shares stake. The stock of Sanofi SA (ADR) (NYSE:SNY) has "Hold" rating given on Thursday, May 11 by Berenberg. The stock of Newfield Exploration Co. Monness Crespi & Hardt maintained Lindsay Corporation (NYSE:LNN) on Monday, September 14 with "Sell" rating. Zacks downgraded the stock to "Buy" rating in Monday, August 24 report. Piper Jaffray upgraded the shares of LNN in report on Monday, November 28 to "Neutral" rating. 1,693,954 shares of the stock were exchanged. Following the sale, the director now owns 10,098 shares of the company's stock, valued at $1,298,703.78. About 764,528 shares traded.

More notable recent American Tower Corp (NYSE:AMT) news were published by: Seekingalpha.com which released: "American Tower A "Buy" For The Future" on June 20, 2017, also Businesswire.com with their article: "American Tower Corporation Announces Election of Grace D. Lieblein to Board of ..." published on June 14, 2017, Reuters.com published: "Mexico's Axtel to sell towers to American Tower for $56 million" on July 11, 2017. It has outperformed by 6.96% the S&P500.

American Tower Corporation is a holding company. The stock has a market cap of $57.82 billion, a price-to-earnings ratio of 65.69 and a beta of 0.71. The Company operates as a real estate investment trust (REIT), which owns, operates and develops multitenant communications real estate. It has a 39.36 P/E ratio. ATC's segments include US property, Asia property, EMEA property, Latin America property, Services and Other.

Since February 7, 2017, it had 0 buys, and 11 selling transactions for $37.26 million activity. $469,812 worth of American Tower Corp (NYSE:AMT) shares were sold by SHARBUTT DAVID E. Shares for $1.81M were sold by DiSanto Edmund on Wednesday, March 29. The insider Bush Jonathan sold $503,400. TAICLET JAMES D JR sold $8.00 million worth of stock or 69,760 shares. Lara Gustavo sold $2.38 million worth of stock or 20,507 shares. REED JOANN A sold $938,838 worth of American Tower Corp (NYSE:AMT) on Wednesday, May 3. Finally, Deutsche Bank AG increased their price target on shares of American Tower Corporation (REIT) from $145.00 to $157.00 and gave the company a "buy" rating in a research report on Friday.

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