Large Outflow of Money Witnessed in American Tower Corporation (REIT)

American Tower Corporation (REIT) (NYSE:AMT) During the most recent session, the shares traded at 0.14 points or 0.13% higher at $108.93. The money flow data is unimpressive with the net money flow value of $(-17.39) million. As per the intraday data, the upticks measured $46.95 million and the downticks measured $64.35 million. As a result, the up/down ratio registered a value of 0.73. The shares have seen 1.83% price change for the week.A block trade also made an entry with $3.55 million flowing in through upticks while $20.15 million flew out through downticks. The block tradeoff had the up/down ratio of 0.18. The net money flow for this big transaction was $(-16.6) million.


Currently 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 -25.89% . Institutional Investors own 96.49% of American Tower Corporation (REIT) shares. During last six month period, the net percent change held by insiders has seen a change of -25.89%. On the companys insider trading activities, The director, of American Tower Corp /Ma/, Sharbutt David E had unloaded 5,000 shares at $108.14 per share in a transaction on June 7, 2016. The total value of transaction was $540,700. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

American Tower Corporation (REIT) (NYSE:AMT) : On Monday heightened volatility was witnessed in American Tower Corporation (REIT) (NYSE:AMT) which led to swings in the share price. The stock opened for trading at $108.77 and hit $109.8 on the upside , eventually ending the session at $108.93, with a gain of 0.13% or 0.14 points. The heightened volatility saw the trading volume jump to 2,493,211 shares. The 52-week high of the share price is $109.8 and the company has a market cap of $46,254 million. The 52-week low of the share price is at $83.07 .

Many analysts have stated their opinion on the company shares. Evercore ISI Group downgrades their rating on the shares of American Tower Corporation (REIT) (NYSE:AMT). The current rating of the shares is Hold. Earlier, the shares were rated a Buy by the brokerage firm. Equity Analysts at the Firm raises the price target to $110 per share from $105 per share. The rating by the firm was issued on April 19, 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.

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