From MarketBeat:



American Tower Co. (NYSE:AMT) saw a significant increase in options trading, with 46,901 call options being purchased on Tuesday. Analysts have given American Tower a “Moderate Buy” rating, with an average target price of $226.93. The company’s stock was also the subject of activity by institutional investors, with Vanguard Group Inc. and Citigroup Inc. among those adjusting their positions. American Tower’s stock has seen a 1.70 PEG ratio and a market capitalization of $100.80 billion, as well as a one year high of $235.57. The company is also increasing its dividend to $1.70 per share, representing a dividend yield of 3.14%.

American Tower, a global REIT, is a major player in the communication real estate industry, with a portfolio of nearly 225,000 communications sites. The company is also expanding its footprint in U.S. data center facilities. Overall, while American Tower currently has a “Moderate Buy” rating, top analysts have identified five other stocks as better buys based on their research and recommendations.

This article highlights the significant increase in options trading for American Tower, the company’s financial performance, and its industry position as a leading independent owner, operator, and developer of multitenant communications real estate.



Read more: American Tower Sees Unusually High Options Volume (NYSE:AMT)