Anyone interested in American Tower Corporation (REIT) (NYSE:AMT) should probably be aware that the Senior VP of Finance & Corporate Controller, Robert Meyer, recently divested US$207k worth of shares in the company, at an average price of US$207 each. On the bright side, that sale was only 5.5% of their holding, so we doubt it's very meaningful, on its own.
The Last 12 Months Of Insider Transactions At American Tower Corporation (REIT)
In the last twelve months, the biggest single sale by an insider was when the insider, William Hess, sold US$3.7m worth of shares at a price of US$187 per share. That means that an insider was selling shares at slightly below the current price (US$206). When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. It is worth noting that this sale was only 27% of William Hess's holding.
In the last twelve months insiders netted US$7.1m for 37725 shares sold. American Tower Corporation (REIT) insiders didn't buy any shares over the last year. You can see the insider transactions (by individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).
Insider Ownership of American Tower Corporation (REIT)
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. American Tower Corporation (REIT) insiders own 0.3% of the company, currently worth about US$265m based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
So What Do The American Tower Corporation (REIT) Insider Transactions Indicate?
Insiders sold stock recently, but they haven't been buying. And there weren't any purchases to give us comfort, over the last year. But it is good to see that American Tower Corporation (REIT) is growing earnings. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.
But note: American Tower Corporation (REIT) may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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