Jefferies Reiterates American Tower Corp (NYSE:AMT) As a Buy; They Now Have a Target Of $144.0

September 17, 2017 - By Vivian Park

 Jefferies Reiterates American Tower Corp (NYSE:AMT) As a Buy; They Now Have a Target Of $144.0

Investors sentiment increased to 1.09 in Q4 2016. Its up 0.10, from 0.99 in 2016Q3. It is positive, as 58 investors sold American Tower Corp shares while 271 reduced holdings. 101 funds opened positions while 258 raised stakes. 385.64 million shares or 1.20% less from 390.31 million shares in 2016Q3 were reported.

Arizona State Retirement Sys has invested 0.17% of its portfolio in American Tower Corp (NYSE:AMT). Teachers Retirement Systems Of The State Of Kentucky has 0.34% invested in American Tower Corp (NYSE:AMT). Whittier Trust Company Of Nevada invested in 0.21% or 18,541 shares. State Of New Jersey Common Pension Fund D holds 0.37% or 810,500 shares in its portfolio. Moreover, Winfield has 0.39% invested in American Tower Corp (NYSE:AMT). Suntrust Banks accumulated 22,777 shares. Mutual Of America Cap Management Limited Liability accumulated 68,130 shares. Piedmont Invest Advsr Limited Liability Corp invested 0% in American Tower Corp (NYSE:AMT). Bessemer Gru has invested 0% in American Tower Corp (NYSE:AMT). Commonwealth National Bank Of Australia has 525,078 shares for 0.68% of their portfolio. Azimuth Capital Management Limited Liability Com holds 64,229 shares. 4,592 are held by Altfest L J And. Moreover, Strs Ohio has 0.23% invested in American Tower Corp (NYSE:AMT) for 492,682 shares. Robeco Institutional Asset Mgmt Bv invested in 18,862 shares. Beech Hill Advsrs Inc holds 2.06% or 32,630 shares.

Since March 23, 2017, it had 0 insider purchases, and 7 insider sales for $21.62 million activity. 4,167 shares were sold by SHARBUTT DAVID E, worth $532,418. Another trade for 15,000 shares valued at $1.81M was made by DiSanto Edmund on Wednesday, March 29. Shares for $10.95M were sold by HESS WILLIAM H on Monday, April 3. REED JOANN A sold $938,838 worth of stock or 7,400 shares. The insider Meyer Robert Joseph JR sold $5.13 million.

American Tower Corp (NYSE:AMT) Rating Reaffirmed

In an analyst note issued to investors and clients on Monday, 11 September, The Buy rating of American Tower Corp (NYSE:AMT) shares was kept by Analysts at Jefferies, who now has a $144.0 price target on the stock. Jefferies’s price target would indicate a possible downside of -0.70 % from the last stock price of the company.

Investors sentiment increased to 1.09 in Q4 2016. Its up 0.10, from 0.99 in 2016Q3. It is positive, as 58 investors sold American Tower Corp shares while 271 reduced holdings. 101 funds opened positions while 258 raised stakes. 385.64 million shares or 1.20% less from 390.31 million shares in 2016Q3 were reported.

Arizona State Retirement Sys has invested 0.17% of its portfolio in American Tower Corp (NYSE:AMT). Teachers Retirement Systems Of The State Of Kentucky has 0.34% invested in American Tower Corp (NYSE:AMT). Whittier Trust Company Of Nevada invested in 0.21% or 18,541 shares. State Of New Jersey Common Pension Fund D holds 0.37% or 810,500 shares in its portfolio. Moreover, Winfield has 0.39% invested in American Tower Corp (NYSE:AMT). Suntrust Banks accumulated 22,777 shares. Mutual Of America Cap Management Limited Liability accumulated 68,130 shares. Piedmont Invest Advsr Limited Liability Corp invested 0% in American Tower Corp (NYSE:AMT). Bessemer Gru has invested 0% in American Tower Corp (NYSE:AMT). Commonwealth National Bank Of Australia has 525,078 shares for 0.68% of their portfolio. Azimuth Capital Management Limited Liability Com holds 64,229 shares. 4,592 are held by Altfest L J And. Moreover, Strs Ohio has 0.23% invested in American Tower Corp (NYSE:AMT) for 492,682 shares. Robeco Institutional Asset Mgmt Bv invested in 18,862 shares. Beech Hill Advsrs Inc holds 2.06% or 32,630 shares.

Since March 23, 2017, it had 0 insider purchases, and 7 insider sales for $21.62 million activity. 4,167 shares were sold by SHARBUTT DAVID E, worth $532,418. Another trade for 15,000 shares valued at $1.81M was made by DiSanto Edmund on Wednesday, March 29. Shares for $10.95M were sold by HESS WILLIAM H on Monday, April 3. REED JOANN A sold $938,838 worth of stock or 7,400 shares. The insider Meyer Robert Joseph JR sold $5.13 million.

American Tower Corp (NYSE:AMT) Ratings Coverage

Among 17 analysts covering American Tower Corporation (NYSE:AMT), 16 have Buy rating, 0 Sell and 1 Hold. Therefore 94% are positive. American Tower Corporation has $167 highest and $100 lowest target. $138.67’s average target is -4.37% below currents $145.01 stock price. American Tower Corporation had 49 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Outperform” rating by RBC Capital Markets given on Friday, April 28. The rating was maintained by Citigroup with “Buy” on Monday, August 28. Stifel Nicolaus maintained American Tower Corp (NYSE:AMT) rating on Wednesday, September 13. Stifel Nicolaus has “Buy” rating and $150.0 target. The firm has “Outperform” rating given on Tuesday, December 6 by Macquarie Research. The stock of American Tower Corp (NYSE:AMT) has “Buy” rating given on Wednesday, August 17 by Argus Research. The rating was maintained by Cowen & Co with “Buy” on Tuesday, July 18. The stock has “Buy” rating by Stifel Nicolaus on Monday, November 2. RBC Capital Markets maintained American Tower Corp (NYSE:AMT) rating on Thursday, July 30. RBC Capital Markets has “Outperform” rating and $122 target. Jefferies maintained the shares of AMT in report on Monday, September 11 with “Buy” rating. As per Monday, July 11, the company rating was maintained by Citigroup.

The stock increased 1.51% or $2.16 on September 15, reaching $145.01. About 3.21M shares traded or 104.46% up from the average. American Tower Corp (NYSE:AMT) has risen 23.66% since September 17, 2016 and is uptrending. It has outperformed by 6.96% the S&P500.

Analysts expect American Tower Corp (NYSE:AMT) to report $1.61 EPS on October, 26.They anticipate $0.12 EPS change or 8.05 % from last quarter’s $1.49 EPS. AMT’s profit would be $691.03M giving it 22.52 P/E if the $1.61 EPS is correct. After having $1.68 EPS previously, American Tower Corp’s analysts see -4.17 % EPS growth.

American Tower Corporation is a holding company. The company has market cap of $62.24 billion. The Firm operates as a real estate investment trust (REIT), which owns, operates and develops multitenant communications real estate. It has a 58.1 P/E ratio. ATC’s divisions include U.S. property, Asia property, EMEA property, Latin America property, Services and Other.

More notable recent American Tower Corp (NYSE:AMT) news were published by: Nasdaq.com which released: “American Tower Touches 52-Week High Amid Multiple Risks” on August 28, 2017, also Barrons.com with their article: “Big REIT Buys: Duke, SL Green, American Tower” published on September 13, 2017, Seekingalpha.com published: “A REIT With Fantastic Total Returns Above The Dow Average And Dividend Growth …” on September 11, 2017. More interesting news about American Tower Corp (NYSE:AMT) were released by: Businesswire.com and their article: “Philips Lighting and American Tower Corporation Form Alliance to Accelerate …” published on September 11, 2017 as well as Stockhouse.com‘s news article titled: “American Tower Corporation Declares Quarterly Distribution” with publication date: September 12, 2017.

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