SBA Communications (NASDAQ:SBAC) Stock Unloaded Rep. Julie Johnson

Representative Julie Johnson (D-Texas) recently sold shares of SBA Communications Co. (NASDAQ:SBAC). In a filing disclosed on May 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in SBA Communications stock on April 1st. The trade occurred in the Representative’s “MERRILL LYNCH TAX EFFICIENT CORE” account.

Representative Julie Johnson also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Fidelity National Information Services (NYSE:FIS) on 4/30/2025.
• Sold $1,001 – $15,000 in shares of Blackstone (NYSE:BX) on 4/22/2025.
• Purchased $1,001 – $15,000 in shares of Fidelity National Information Services (NYSE:FIS) on 4/22/2025.
• Sold $1,001 – $15,000 in shares of United Parcel Service (NYSE:UPS) on 4/15/2025.
• Sold $1,001 – $15,000 in shares of United Parcel Service (NYSE:UPS) on 4/11/2025.
• Purchased $1,001 – $15,000 in shares of 3M (NYSE:MMM) on 4/11/2025.
• Sold $1,001 – $15,000 in shares of DT Midstream (NYSE:DTM) on 4/7/2025.
• Sold $1,001 – $15,000 in shares of Intuitive Surgical (NASDAQ:ISRG) on 4/7/2025.
• Sold $1,001 – $15,000 in shares of Howmet Aerospace (NYSE:HWM) on 4/7/2025.
• Sold $1,001 – $15,000 in shares of Carlisle Companies (NYSE:CSL) on 4/7/2025.

SBA Communications Price Performance

SBA Communications stock traded up $3.99 during trading hours on Friday, reaching $233.08. The stock had a trading volume of 1,084,678 shares, compared to its average volume of 901,675. The company has a market cap of $25.08 billion, a price-to-earnings ratio of 36.76, a PEG ratio of 0.74 and a beta of 0.83. The business’s 50 day moving average price is $224.46 and its 200-day moving average price is $215.93. SBA Communications Co. has a 52 week low of $185.44 and a 52 week high of $252.64.

SBA Communications Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Thursday, May 22nd will be issued a $1.11 dividend. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $4.44 dividend on an annualized basis and a yield of 1.90%. SBA Communications’s dividend payout ratio is presently 60.91%.

Hedge Funds Weigh In On SBA Communications

Several hedge funds and other institutional investors have recently bought and sold shares of SBAC. Barclays PLC grew its stake in shares of SBA Communications by 71.0% during the 3rd quarter. Barclays PLC now owns 658,029 shares of the technology company’s stock worth $158,386,000 after purchasing an additional 273,237 shares during the period. JPMorgan Chase & Co. grew its stake in shares of SBA Communications by 16.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,254,460 shares of the technology company’s stock worth $1,024,049,000 after purchasing an additional 605,872 shares during the period. Harbor Capital Advisors Inc. grew its stake in shares of SBA Communications by 2.8% during the 4th quarter. Harbor Capital Advisors Inc. now owns 2,856 shares of the technology company’s stock worth $582,000 after purchasing an additional 79 shares during the period. Czech National Bank grew its stake in shares of SBA Communications by 6.5% during the 4th quarter. Czech National Bank now owns 23,314 shares of the technology company’s stock worth $4,751,000 after purchasing an additional 1,421 shares during the period. Finally, Eastern Bank grew its stake in shares of SBA Communications by 100.4% during the 4th quarter. Eastern Bank now owns 485 shares of the technology company’s stock worth $99,000 after purchasing an additional 243 shares during the period. Institutional investors and hedge funds own 97.35% of the company’s stock.

Insider Activity

In other news, Director Jack Langer sold 5,000 shares of the stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $240.59, for a total transaction of $1,202,950.00. Following the transaction, the director now owns 10,522 shares in the company, valued at $2,531,487.98. This trade represents a 32.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Joshua Koenig sold 2,209 shares of the firm’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $224.18, for a total value of $495,213.62. Following the completion of the transaction, the vice president now owns 6,079 shares in the company, valued at $1,362,790.22. The trade was a 26.65% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.92% of the company’s stock.

Analyst Ratings Changes

SBAC has been the topic of several recent analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $255.00 price objective on shares of SBA Communications in a report on Monday, February 24th. BMO Capital Markets upped their price objective on shares of SBA Communications from $230.00 to $240.00 and gave the company a “market perform” rating in a report on Tuesday, April 29th. JMP Securities upped their price objective on shares of SBA Communications from $250.00 to $270.00 and gave the company a “market outperform” rating in a report on Tuesday, April 29th. Citigroup upped their price objective on shares of SBA Communications from $250.00 to $265.00 and gave the company a “buy” rating in a report on Tuesday, April 29th. Finally, Morgan Stanley initiated coverage on shares of SBA Communications in a report on Tuesday, April 1st. They set an “equal weight” rating and a $240.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, SBA Communications currently has a consensus rating of “Moderate Buy” and an average price target of $252.38.

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas’ 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027.

Johnson (Democratic Party) ran for election to the U.S. House to represent Texas’ 32nd Congressional District. She won in the general election on November 5, 2024.

Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson’s career experience includes working as an attorney.

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.