8,136 SBA Communications Corporation $SBAC Shares Sold by Maryland State Retirement & Pension System

Posted by Brian Himes on Nov 12th, 2026

Maryland State Retirement & Pension System trimmed its stake in SBA Communications Corporation (NASDAQ:SBAC – Free Report) by 7.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 97,649 shares of the technology company’s stock after selling 8,136 shares during the period. Maryland State Retirement & Pension System owned approximately 0.09% of SBA Communications worth $15,636,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SBAC. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in SBA Communications in the second quarter valued at $228,367,000. Arrowstreet Capital Limited Partnership increased its position in shares of SBA Communications by 47.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,615,054 shares of the technology company’s stock worth $277,967,000 after purchasing an additional 522,442 shares in the last quarter. Bank of America Corp DE increased its position in shares of SBA Communications by 41.7% during the first quarter. Bank of America Corp DE now owns 1,005,366 shares of the technology company’s stock worth $173,033,000 after purchasing an additional 295,727 shares in the last quarter. Walleye Capital LLC acquired a new stake in shares of SBA Communications during the first quarter worth about $17,995,000. Finally, Empyrean Capital Partners LP purchased a new stake in shares of SBA Communications in the 1st quarter valued at about $17,555,000. 97.35% of the stock is currently owned by institutional investors and hedge funds.

SBA Communications Stock Performance

Shares of NASDAQ:SBAC opened at $190.03 on Thursday. The company has a 50-day simple moving average of $179.85 and a 200-day simple moving average of $190.06. SBA Communications Corporation has a one year low of $156.60 and a one year high of $224.46. The stock has a market capitalization of $20.16 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 1.91 and a beta of 0.97.

SBA Communications (NASDAQ:SBAC – Get Free Report) last announced its earnings results on Monday, November 2nd. The technology company reported $2.19 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.10. The business had revenue of $713.92 million during the quarter, compared to the consensus estimate of $724.07 million. SBA Communications had a net margin of 34.54% and a negative return on equity of 20.67%. The business’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.30 earnings per share. As a group, research analysts forecast that SBA Communications Corporation will post 11.46 EPS for the current fiscal year.

SBA Communications Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Thursday, November 12th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Thursday, November 12th. SBA Communications’s dividend payout ratio (DPR) is presently 53.94%.

More SBA Communications News

Here’s some of the latest news about SBAC:

Positive Sentiment: KeyCorp projects 2026 earnings of $11.50 per share, slightly above the $11.45 consensus estimate. SBA Communications estimates
Neutral Sentiment: A short-interest report says the total was zero shares as of November 10, despite describing it as a large increase; the figures provide no clear evidence of meaningful short-selling pressure. SBA Communications short interest
Negative Sentiment: KeyCorp’s 2027 full-year EPS estimate of $11.25 is below its $11.50 forecast for 2026, suggesting slightly lower earnings in the following year. SBA Communications estimates

Insiders Place Their Bets

In other SBA Communications news, Director George R. Krouse, Jr. sold 300 shares of SBA Communications stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $182.67, for a total value of $54,801.00. Following the transaction, the director directly owned 8,512 shares in the company, valued at approximately $1,554,887.04. This trade represents a 3.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 9.50% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. UBS Group cut SBA Communications from a “market perform” rating to a “hold” rating in a research report on Monday, August 24th. BMO Capital Markets reaffirmed a “market perform” rating on shares of SBA Communications in a research report on Monday, August 24th. JPMorgan Chase & Co. reduced their price objective on SBA Communications from $220.00 to $200.00 and set a “neutral” rating for the company in a research note on Tuesday, November 3rd. Weiss Ratings upgraded SBA Communications from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 15th. Finally, Wolfe Research raised SBA Communications from a “hold” rating to an “outperform” rating in a report on Tuesday, August 4th. Nine analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, SBA Communications has a consensus rating of “Moderate Buy” and a consensus target price of $224.64.

View Our Latest Report on SBAC

SBA Communications Company Profile

(Free Report)

SBA Communications is a real estate investment trust that owns and operates wireless communications infrastructure. Its primary business is leasing space on its communications towers and other sites to wireless carriers and other customers that need to install network equipment. The company also provides site development services, including helping customers identify, acquire, construct and manage locations for wireless infrastructure. Founded in 1989, SBA serves customers in the United States and several international markets, including countries in Central and South America and Africa.