All three public towercos hit record highs this morning with SBA Communications leading the pack at $188.51 per share.
American Tower Corp. (AMT) reached record high trades this morning of $187.80, shrugging off analyst Jim Cramer’s March 4 bearish outlook on the stock when it was $178.57.
On March 11, ATC rewarded investors by hiking its dividend to 90 cents.
Eight executives had planned stock sales on March 10 at a price of $181.61 per share, with the largest sale being made by ATC Chairman and CEO James Taiclet, Jr., selling 50,780 shares for $9,222,156.
In 2002, ATC’s stock was trading at $1.10.
Crown Castle (CCI) was also trading at a record high of $126.00. SBA Communications (SBAC) beat ATC this morning with their record high of $188.51.
ATC added 24,000 sites to its portfolio last year — boosting its total to more than 170,000.
The company’s U.S. operations generated $976 million in revenue during the last quarter, up 7% from the year-ago period, driven by an 8% increase in organic tenant billings.
| Executive | Title | Shares Sold* | Total | Currently Owned* |
| James Taiclet, Jr. | Chairman, Pres. And CEO | 50,780 | $9,222,156 | $50,782,151 |
| Thomas Bartlett | EVP & CFO | 23,650 | $4,295,077 | $26,758,781 |
| William H Hess | EVP, Chairman Latin America | 23,544 | $4,275,826 | $16,984,167 |
| Edmund DiSanto | EVP, Chief Admin Officer | 22,200 | $4,031,742 | $32,423,741 |
| Amit Sharma | EVP, Asia | 18,107 | $3,288,412 | $34,696,227 |
| Steven Vondran | EVP & Pres. U.S. Tower | 2,035 | $369,576 | $5,628,639 |
| Olivier Puech | EVP & Pres. Latin America | 1,216 | $220,838 | $4,460,160 |
| Robert Joseph Meyer, Jr. | SVP, Finance & Controller | 904 | $164,175 | $5,456,836 |
| *SEC filing based upon $181.61 per share | ||||
