American Tower Corp(NYSE:AMT) Declares Dividend of $0.5500.

American Tower Corp (NYSE:AMT) had declared a cash dividend of $0.5500 on Sep 16, 2016. The shares will quote ex-dividend on Sep 28, 2016 and the record date has been fixed for Sep 30, 2016. On Sep 16, 2016 share price, the yield comes out to be 2.0370%. The dividend payable date has been fixed on Oct 17, 2016.

In a different note, SunTrust Robinson Humphrey said it Initiates Coverage on American Tower Corp, according to a research note issued on Sep 13, 2016. The shares have been rated ‘Buy’ by the firm. On Aug 17, 2016, Argus Research said it Maintains its rating on American Tower Corp. In the research note, the firm Raises the price-target to $120.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 10, 2016, Citigroup said it Maintains its rating on American Tower Corp. In the research note, the firm Lowers the price-target to $134.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 29, 2016, Jefferies said it Maintains its rating on American Tower Corp. In the research note, the firm Raises the price-target to $120.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 13, 2016, Citigroup said it Maintains its rating on American Tower Corp. In the research note, the firm Raises the price-target to $121.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 11, 2016, Citigroup said it Maintains its rating on American Tower Corp. In the research note, the firm Raises the price-target to $121.00 per share. The shares have been rated ‘Buy’ by the firm.

American Tower Corp (AMT) made into the market gainers list on Thursdays trading session with the shares advancing 1.98% or 2.18 points. Due to strong positive momentum, the stock ended at $112.28, which is also near the day’s high of $112.43. The stock began the session at $111.22 and the volume stood at 20,59,445 shares. The 52-week high of the shares is $118.26 and the 52 week low is $83.07. The company has a current market capitalization of $47,774 M and it has 42,54,89,210 shares in outstanding.

American Tower Corp(AMT) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.44B. Analysts had an estimated revenue of $1.43B. Earnings per share were $1.38. Analysts had estimated an EPS of $1.36.

Several Insider Transactions has been reported to the SEC. On Sep 8, 2016, Samme L Thompson (director) sold 1,430 shares at $116.00 per share price.Also, On Sep 8, 2016, Carolyn Katz (director) sold 5,000 shares at $116.28 per share price.On Aug 19, 2016, Pamela D A Reeve (director) sold 10,000 shares at $113.38 per share price, according to the Form-4 filing with the securities and exchange commission.

American Tower Corporation is an independent owner operator and developer of communications real estate. The Company is engaged in the leasing of space on multi-tenant communications sites to wireless service providers radio and television broadcast companies wireless data and data providers government agencies and municipalities and tenants in a number of other industries. It has a portfolio of over 87000 communications sites. The Company’s continuing operations are managed through three segments: Domestic Rental and Management which includes its property interests that it leases to communications service providers and third-party tower operators in the United States; International Rental and Management which includes its interests in international communications sites and Network Development Services which offers tower-related services domestically including site acquisition zoning and permitting services and structural analysis services.

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