SBA Communications Corporation $SBAC Shares Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in shares of SBA Communications Corporation (NASDAQ:SBAC) by 50.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 83,997 shares of the technology company’s stock after purchasing an additional 28,213 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.08% of SBA Communications worth $19,726,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. NorthCrest Asset Manangement LLC raised its stake in SBA Communications by 3.0% during the second quarter. NorthCrest Asset Manangement LLC now owns 1,535 shares of the technology company’s stock worth $359,000 after acquiring an additional 44 shares during the period. Janney Montgomery Scott LLC grew its holdings in shares of SBA Communications by 0.8% during the second quarter. Janney Montgomery Scott LLC now owns 6,130 shares of the technology company’s stock valued at $1,440,000 after purchasing an additional 46 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of SBA Communications by 5.6% during the 1st quarter. Advisors Asset Management Inc. now owns 880 shares of the technology company’s stock worth $194,000 after purchasing an additional 47 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of SBA Communications by 20.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 300 shares of the technology company’s stock worth $70,000 after purchasing an additional 50 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its position in SBA Communications by 8.1% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 832 shares of the technology company’s stock valued at $195,000 after purchasing an additional 62 shares during the period. 97.35% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Royal Bank Of Canada dropped their target price on SBA Communications from $235.00 to $232.00 and set an “outperform” rating on the stock in a research report on Monday, November 10th. Williams Trading set a $237.00 price objective on shares of SBA Communications in a report on Tuesday, November 4th. UBS Group reduced their target price on shares of SBA Communications from $285.00 to $275.00 and set a “buy” rating for the company in a research note on Tuesday, October 14th. Barclays dropped their price target on shares of SBA Communications from $226.00 to $219.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, Wells Fargo & Company reduced their price objective on SBA Communications from $235.00 to $215.00 and set an “equal weight” rating for the company in a research report on Monday, October 20th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $238.06.

SBA Communications Price Performance

SBA Communications stock opened at $197.70 on Wednesday. SBA Communications Corporation has a 12-month low of $185.45 and a 12-month high of $245.16. The stock has a market capitalization of $21.06 billion, a PE ratio of 25.12, a price-to-earnings-growth ratio of 2.01 and a beta of 0.80. The firm has a 50 day simple moving average of $195.21 and a 200-day simple moving average of $215.31.

SBA Communications (NASDAQ:SBAC) last announced its earnings results on Monday, November 3rd. The technology company reported $3.30 EPS for the quarter, topping the consensus estimate of $3.21 by $0.09. The firm had revenue of $732.33 million for the quarter, compared to analysts’ expectations of $715.65 million. SBA Communications had a negative return on equity of 16.83% and a net margin of 31.19%.The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.32 earnings per share. SBA Communications has set its FY 2025 guidance at EPS. On average, analysts forecast that SBA Communications Corporation will post 12.57 earnings per share for the current fiscal year.

SBA Communications Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Thursday, November 13th will be issued a $1.11 dividend. The ex-dividend date is Thursday, November 13th. This represents a $4.44 annualized dividend and a dividend yield of 2.2%. SBA Communications’s dividend payout ratio is 57.89%.

SBA Communications Company Profile

SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure including towers, buildings, rooftops, distributed antenna systems (DAS) and small cells. With a portfolio of more than 39,000 communications sites throughout the Americas, Africa and in Asia, SBA is listed on NASDAQ under the symbol SBAC.