American Tower’s stock goes through the ceiling as Crown Castle and SBA reach record highs

In Featured News by Wireless Estimator


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
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