American Tower Corporation (AMT) Declares Quarterly Dividend of $0.26
American Tower Corporation (NYSE:AMT) declared a quarterly dividend on Tuesday, March 12th. Shareholders of record on Wednesday, April 10th will be given a dividend of $0.26 per share on Thursday, April 25th. This represents a $1.04 dividend on an annualized basis and a yield of 1.37%.
Several analysts have also recently commented on the stock. Analysts at Raymond James raised their price target on shares of American Tower Corporation from $84.00 to $86.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. On the ratings front, analysts at Macquarie reiterated a “neutral” rating on shares of American Tower Corporation in a research note to investors on Monday. They now have a $83.00 price target on the stock. Finally, analysts at TheStreet reiterated a “buy” rating on shares of American Tower Corporation in a research note to investors on Friday.
American Tower Corporation (AMT) traded down 1.13% on Tuesday, hitting $76.03. American Tower Corporation (AMT) has a 52-week low of $61.27 and a 52-week high of $79.98. The stock’s 50-day moving average is currently $76.69. The company has a market cap of $30.040 billion and a price-to-earnings ratio of 48.06.
American Tower Corporation last posted its quarterly earnings results on Tuesday, February 26th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.30. The company had revenue of $768.40 million for the quarter, compared to the consensus estimate of $742.50 million. During the same quarter last year, the company posted $0.51 earnings per share. American Tower Corporation’s revenue was up 17.6% compared to the same quarter last year. On average, analysts predict that American Tower Corporation (AMT) will post $2.13 earnings per share for the current fiscal year.
American Tower Corporation is a holding company. The Company conducts its operations through its directly and indirectly owned subsidiaries and joint ventures.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.