Novare Capital Management LLC Decreases Stock Position in American Tower Corporation $AMT

Posted by Brian Himes on May 16th, 2026

Novare Capital Management LLC lessened its stake in shares of American Tower Corporation (NYSE:AMT – Free Report) by 11.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 30,151 shares of the real estate investment trust’s stock after selling 3,841 shares during the quarter. Novare Capital Management LLC’s holdings in American Tower were worth $5,294,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Richards Merrill & Peterson Inc. purchased a new stake in American Tower in the fourth quarter worth $25,000. Oakworth Capital Inc. increased its stake in American Tower by 90.7% in the fourth quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 68 shares during the period. Holos Integrated Wealth LLC purchased a new stake in American Tower in the fourth quarter worth $27,000. Triumph Capital Management purchased a new stake in American Tower in the third quarter worth $29,000. Finally, Steph & Co. increased its stake in American Tower by 87.2% in the fourth quarter. Steph & Co. now owns 176 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 82 shares during the period. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Insider Activity

In other news, COO Eugene M. Noel sold 41,209 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $191.05, for a total transaction of $7,872,979.45. Following the transaction, the chief operating officer owned 29,592 shares in the company, valued at approximately $5,653,551.60. This trade represents a 58.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Rajesh Kalathur purchased 2,671 shares of the business’s stock in a transaction dated Tuesday, March 10th. The shares were purchased at an average price of $185.30 per share, for a total transaction of $494,936.30. Following the purchase, the director owned 4,936 shares of the company’s stock, valued at approximately $914,640.80. This trade represents a 117.92% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have sold 42,181 shares of company stock worth $8,046,071. Company insiders own 0.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AMT. Truist Financial increased their target price on American Tower from $205.00 to $208.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Barclays reduced their target price on American Tower from $200.00 to $195.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 16th. Weiss Ratings upgraded American Tower from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday. Jefferies Financial Group increased their target price on American Tower from $209.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, April 14th. Finally, JPMorgan Chase & Co. reduced their target price on American Tower from $245.00 to $240.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $218.05.

Check Out Our Latest Stock Report on AMT

American Tower Stock Performance

Shares of American Tower stock opened at $170.74 on Friday. The firm has a market cap of $79.54 billion, a P/E ratio of 27.58, a P/E/G ratio of 0.71 and a beta of 0.90. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 3.07. American Tower Corporation has a 12 month low of $165.08 and a 12 month high of $234.33. The stock’s fifty day moving average price is $177.80 and its 200-day moving average price is $179.11.

American Tower (NYSE:AMT – Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 EPS for the quarter, beating the consensus estimate of $1.60 by $1.24. The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.66 billion. American Tower had a return on equity of 27.79% and a net margin of 26.81%.The business’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.75 earnings per share. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. On average, equities research analysts expect that American Tower Corporation will post 10.67 earnings per share for the current fiscal year.

American Tower Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 14th were paid a dividend of $1.79 per share. This is an increase from American Tower’s previous quarterly dividend of $1.70. This represents a $7.16 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Tuesday, April 14th. American Tower’s payout ratio is 115.67%.

American Tower Profile

(Free Report)

American Tower (NYSE: AMT) is a real estate investment trust (REIT) that owns, operates and develops wireless and broadcast communications infrastructure. The company’s core business is leasing space on communications sites — including towers, rooftops and other structures — to wireless carriers, broadcasters, government agencies and enterprise customers. Its business model centers on long-term site leases and contracts that provide recurring revenue tied to the footprint and density of wireless networks.

Beyond traditional tower assets, American Tower offers a range of infrastructure and network services to support mobile, broadband and broadcast connectivity.