Norges Bank Purchases New Shares in SBA Communications Corporation $SBAC

Posted by George Bondi on Jun 3rd, 2026

Norges Bank purchased a new stake in shares of SBA Communications Corporation (NASDAQ:SBAC – Free Report) during the fourth quarter, Holdings Channel.com reports. The fund purchased 1,565,288 shares of the technology company’s stock, valued at approximately $302,774,000.

A number of other large investors also recently made changes to their positions in SBAC. Elevation Wealth Partners LLC lifted its position in shares of SBA Communications by 523.8% during the fourth quarter. Elevation Wealth Partners LLC now owns 131 shares of the technology company’s stock valued at $25,000 after purchasing an additional 110 shares in the last quarter. Fulcrum Asset Management LLP bought a new stake in SBA Communications in the third quarter worth about $32,000. Geneos Wealth Management Inc. raised its position in SBA Communications by 105.0% in the first quarter. Geneos Wealth Management Inc. now owns 164 shares of the technology company’s stock worth $36,000 after acquiring an additional 84 shares during the period. High Point Wealth Management LLC bought a new stake in SBA Communications in the fourth quarter worth about $39,000. Finally, Stance Capital LLC bought a new stake in SBA Communications in the third quarter worth about $45,000. 97.35% of the stock is owned by institutional investors.

SBA Communications Stock Up 0.4%

NASDAQ SBAC opened at $204.05 on Tuesday. The company’s 50 day moving average is $204.55 and its 200-day moving average is $195.99. SBA Communications Corporation has a 12-month low of $162.41 and a 12-month high of $243.16. The firm has a market cap of $21.64 billion, a P/E ratio of 21.48, a price-to-earnings-growth ratio of 2.03 and a beta of 0.99.

SBA Communications Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Friday, May 22nd will be given a $1.25 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $5.00 annualized dividend and a dividend yield of 2.5%. SBA Communications’s payout ratio is 52.63%.

Wall Street Analyst Weigh In

Several brokerages have commented on SBAC. Sanford C. Bernstein began coverage on shares of SBA Communications in a research report on Thursday, March 5th. They issued a “market perform” rating and a $218.00 price objective on the stock. Barclays lifted their price objective on shares of SBA Communications from $244.00 to $245.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Weiss Ratings raised shares of SBA Communications from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, April 22nd. Truist Financial reaffirmed a “buy” rating and issued a $248.00 price objective (up from $247.00) on shares of SBA Communications in a research report on Tuesday, May 5th. Finally, Morgan Stanley lifted their price objective on shares of SBA Communications from $215.00 to $225.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $237.22.

Read Our Latest Research Report on SBAC

SBA Communications Company Profile

(Free Report)

SBA Communications Corporation (NASDAQ: SBAC) is a real estate investment trust that owns, operates and develops wireless communications infrastructure. Its core business is the leasing of space on communications towers, rooftop sites and other wireless structures to mobile network operators, broadband providers and other wireless service customers. The company also provides site development, construction and ongoing site management services to support the deployment and operation of wireless networks.

In addition to traditional macro towers, SBA offers a range of infrastructure solutions designed for dense urban and suburban markets, including small cells, distributed antenna systems (DAS) and fiber backhaul and transport services.