Steven Vondran, President and CEO of American Tower Corp's U.S. Tower division, has sold 3,265 shares of American Tower Corp (NYSE:AMT) on March 4, 2024, according to a recent SEC filing. The transaction was executed at an average price of $200.42 per share, resulting in a total value of $654,371.30.
American Tower Corp is a global real estate investment trust that owns, operates, and develops multitenant communications real estate. The company's portfolio includes wireless and broadcast towers, managed rooftops, and services that enhance its tenants' network coverage and capacity.
Over the past year, the insider has sold a total of 3,265 shares of American Tower Corp and has not made any purchases of the stock. The company's insider transaction history over the past year indicates a total of 11 insider sells and no insider buys.
On the day of the insider's recent sale, American Tower Corp shares were trading at $200.42, giving the company a market capitalization of $96.07 billion. The price-earnings ratio of the stock stands at 64.78, which is above the industry median of 16.65 and also higher than the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio is 0.75, with a GF Value of $268.17, suggesting that American Tower Corp is modestly undervalued according to GuruFocus's intrinsic value estimate. The GF Value is determined by considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
