A Director at American Tower Corp (AMT) is Selling Shares


Today, a Director at American Tower Corp (AMT), David Sharbutt, sold shares of AMT for $176.1K.

Following David Sharbutt’s last AMT Sell transaction on November 16, 2018, the stock climbed by 16.6%.

See today’s analyst top recommended stocks >>

Based on American Tower Corp’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $2.13 billion and quarterly net profit of $278 million. In comparison, last year the company earned revenue of $1.7 billion and had a net profit of $239 million. AMT’s market cap is $79.25B and the company has a P/E ratio of 64.87. Currently, American Tower Corp has an average volume of 1.87M.

Based on 6 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $184.67, reflecting a 2.0% upside.

David Sharbutt’s trades have generated a -16.6% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

American Tower Corp. is a real estate investment trusts, which owns, operates, and develops multitenant communications real estate. It operates through the following segments: U.S. Property; Asia Property; Europe, Middle East and Africa (EMEA) Property; Latin America Property; and Services. The U.S. Property segment operates in the United States.