American Tower (NYSE: AMT) Executives are Making Moves with Their Shares

Yesterday, the SVP & CAO of American Tower (AMTResearch Report), Robert Joseph Meyer, sold shares of AMT for $199.8K.

Following Robert Joseph Meyer’s last AMT Sell transaction on May 02, 2017, the stock climbed by 166.6%.

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Based on American Tower’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $2.3 billion and quarterly net profit of $746 million. In comparison, last year the company earned revenue of $1.91 billion and had a net profit of $446 million. The company has a one-year high of $289.51 and a one-year low of $197.50. AMT’s market cap is $129 billion and the company has a P/E ratio of 57.20.

Based on 12 analyst ratings, the analyst consensus is Strong Buy with an average price target of $298.00, reflecting a -4.8% downside.

Robert Joseph Meyer’s trades have generated a -16.4% 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.

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Founded in 1995, Massachusetts-based American Tower Corp. is one of the largest real estate investment trusts and is a leading independent owner and operator of wireless and broadcast communications infrastructure in several countries worldwide.