Checking the Overall Picture for American Tower Corporation (REIT) (AMT)

American Tower Corporation (REIT) (AMT) is an interesting player in the Financial space, with a focus on REIT – Diversified. The stock has been active on the tape, currently trading at $141.14, up from yesterday’s close by 1.07%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

American Tower Corporation (REIT) (AMT) currently trades with a market capitalization of $62.54 Billion. That value represents a market adjusting for revenues that have been growing by 7.77 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $2.21 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.82 on a per share basis this quarter. Perhaps, that suggests something about why 0.60% of the outstanding share supply is held by institutional investors.

Technical Analysis

No analysis is ever complete without a thorough survey of a stock’s technical behavior. Looking at the stock’s movement on the chart, American Tower Corporation (REIT) recorded a 52-week high of $155.28. It is now trading 14.14% off that level. The stock is trading $138.32 its 50-day moving average by -2.82%. The stock carved out a 52-week low down at $125.24.

In recent action, American Tower Corporation (REIT) (AMT) has made a move of +2.06% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 14.11, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 1.33% with $439.51 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of AMT.

Previous articleHormel Foods Corporation (HRL): What’s the Story?
Next articleHow Does Union Pacific Corporation (UNP) Stack Up Right Now?