California Public Employees Retirement System Decreases Stake in SBA Communications Corporation $SBAC

Posted by Stanley Muller on Jul 21st, 2026

California Public Employees Retirement System cut its holdings in shares of SBA Communications Corporation (NASDAQ:SBAC – Free Report) by 11.2% during the first quarter, HoldingsChannel.com reports. The fund owned 244,782 shares of the technology company’s stock after selling 30,797 shares during the period. California Public Employees Retirement System’s holdings in SBA Communications were worth $42,129,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Elevation Wealth Partners LLC raised its holdings in SBA Communications by 523.8% in the 4th quarter. Elevation Wealth Partners LLC now owns 131 shares of the technology company’s stock valued at $25,000 after acquiring an additional 110 shares during the last quarter. DV Equities LLC purchased a new position in SBA Communications in the 4th quarter worth approximately $29,000. Geneos Wealth Management Inc. boosted its holdings in shares of SBA Communications by 105.0% during 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. Fulcrum Asset Management LLP acquired a new position in shares of SBA Communications during the 3rd quarter worth approximately $32,000. Finally, High Point Wealth Management LLC purchased a new stake in shares of SBA Communications in the fourth quarter valued at approximately $39,000. Hedge funds and other institutional investors own 97.35% of the company’s stock.

SBA Communications Trading Down 2.0%

Shares of NASDAQ:SBAC opened at $181.97 on Tuesday. The company has a market capitalization of $19.30 billion, a price-to-earnings ratio of 19.15, a PEG ratio of 1.85 and a beta of 1.00. SBA Communications Corporation has a 12-month low of $162.41 and a 12-month high of $243.16. The business has a 50-day moving average price of $194.51 and a 200 day moving average price of $195.35.

SBA Communications Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Friday, May 22nd were given 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 dividend yield of 2.7%. SBA Communications’s dividend payout ratio (DPR) is currently 52.63%.

Wall Street Analysts Forecast Growth

SBAC has been the subject of several recent research reports. Scotiabank increased their price target on SBA Communications from $223.00 to $230.00 and gave the company a “sector perform” rating in a report on Friday, May 1st. The Goldman Sachs Group assumed coverage on SBA Communications in a report on Friday, June 26th. They issued a “neutral” rating and a $205.00 target price for the company. Barclays raised their target price on SBA Communications from $244.00 to $245.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Truist Financial reiterated a “buy” rating and set a $248.00 price target (up from $247.00) on shares of SBA Communications in a report on Tuesday, May 5th. Finally, KeyCorp boosted their price target 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 research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, SBA Communications has an average rating of “Moderate Buy” and an average price target of $235.28.

Read Our Latest Research Report on SBAC

SBA Communications 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.