Media stories about American Tower (NYSE:AMT) have been trending somewhat positive recently, Accern reports. Accern ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. American Tower earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned headlines about the real estate investment trust an impact score of 46.6742813465989 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
American Tower (NYSE AMT) traded up $3.80 during midday trading on Friday, hitting $140.02. The stock had a trading volume of 2,925,613 shares, compared to its average volume of 2,940,000. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.61. The company has a market cap of $60,050.00, a P/E ratio of 53.24, a P/E/G ratio of 1.29 and a beta of 0.77. American Tower has a 52-week low of $107.66 and a 52-week high of $155.28.
American Tower declared that its board has approved a share repurchase plan on Thursday, December 7th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the real estate investment trust to purchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.
In related news, Director David E. Sharbutt sold 1,584 shares of the firm’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $144.44, for a total value of $228,792.96. Following the completion of the sale, the director now directly owns 4,861 shares in the company, valued at $702,122.84. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Samme L. Thompson sold 5,000 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $143.16, for a total value of $715,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 41,251 shares of company stock valued at $5,885,334 over the last quarter. Corporate insiders own 0.86% of the company’s stock.
About American Tower
American Tower Corporation (ATC) is a holding company. The Company operates as a real estate investment trust (REIT), which owns, operates and develops multitenant communications real estate. ATC’s segments include U.S. property, Asia property, EMEA property, Latin America property, Services and Other.
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