American Tower Corporation (REIT) (AMT) : During the past 4 weeks, traders have been relatively bearish on American Tower Corporation (REIT) (AMT), hence the stock is down -1.29% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.12% relative to the S&P 500. The 4-week change in the price of the stock is -0.27% and the stock has fallen -0.07% in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.16% and the 50-Day Moving Average is 3.22%. American Tower Corporation (REIT) (NYSE:AMT): stock turned positive on Friday. Though the stock opened at $115.92, the bulls momentum made the stock top out at $116.94 level for the day. The stock recorded a low of $115.69 and closed the trading day at $116.5, in the green by 0.53%. The total traded volume for the day was 933,701. The stock had closed at $115.89 in the previous days trading.
The company Insiders own 0.95% of American Tower Corporation (REIT) shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -17.59% . Institutional Investors own 94.82% of American Tower Corporation (REIT) shares. During last six month period, the net percent change held by insiders has seen a change of -18.99%. Also, Equity analysts at the Brokerage firm Citigroup maintains its rating on American Tower Corporation (REIT) (NYSE:AMT). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Citigroup lowers the price target from $134 per share to $133 per share. The rating by the firm was issued on August 10, 2016.
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 87,000 communications sites. The Companys 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.