Y Intercept Hong Kong Ltd raised its stake in SBA Communications Corporation (NASDAQ:SBAC – Free Report) by 441.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,997 shares of the technology company’s stock after acquiring an additional 22,007 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in SBA Communications were worth $4,646,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Elevation Wealth Partners LLC grew its stake 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 during the last quarter. DV Equities LLC acquired a new stake in shares of SBA Communications in the fourth quarter valued at approximately $29,000. Fulcrum Asset Management LLP bought a new position in SBA Communications in the 3rd quarter worth approximately $32,000. Geneos Wealth Management Inc. raised its position in SBA Communications by 105.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 164 shares of the technology company’s stock worth $36,000 after purchasing an additional 84 shares during the last quarter. Finally, High Point Wealth Management LLC acquired a new position in SBA Communications during the 4th quarter worth $39,000. 97.35% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on SBAC shares. Wells Fargo & Company lifted their target price on SBA Communications from $195.00 to $220.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 7th. Weiss Ratings raised SBA Communications from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, April 22nd. Morgan Stanley raised their price target on SBA Communications from $215.00 to $225.00 and gave the company an “equal weight” rating in a report on Thursday, April 9th. The Goldman Sachs Group initiated coverage on SBA Communications in a research report on Friday, June 26th. They issued a “neutral” rating and a $205.00 price objective for the company. Finally, KeyCorp upped their target price on shares of SBA Communications from $235.00 to $250.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, SBA Communications currently has an average rating of “Moderate Buy” and an average target price of $236.39.
SBA Communications Price Performance
NASDAQ:SBAC opened at $184.56 on Monday. SBA Communications Corporation has a 12-month low of $162.41 and a 12-month high of $243.16. The firm has a market capitalization of $19.57 billion, a P/E ratio of 19.43, a P/E/G ratio of 1.84 and a beta of 1.00. The stock’s fifty day simple moving average is $201.84 and its 200-day simple moving average is $195.90.
SBA Communications Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Friday, May 22nd were issued a dividend of $1.25 per share. The ex-dividend date was Friday, May 22nd. This represents a $5.00 dividend on an annualized basis and a yield of 2.7%. SBA Communications’s dividend payout ratio (DPR) is 52.63%.
SBA Communications Profile
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.
Featured Stories
- Five stocks we like better than SBA Communications
- Visa’s Open USD Push Puts Circle’s Stablecoin Moat Under Pressure
- This Under-the-Radar Industrial Is Quietly Powering AI
- Why Microsoft Looks Like the Best Big Tech Trade for H2 2026
- Strategy’s Bitcoin Pivot Gives Investors a New Reason to Watch Preferred Shares
Receive News & Ratings for SBA Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SBA Communications and related companies with MarketBeat.com's FREE daily email newsletter.
