Aware Super Pty Ltd as trustee of Aware Super Has $29.95 Million Stake in SBA Communications Corporation $SBAC

Aware Super Pty Ltd as trustee of Aware Super lowered its stake in SBA Communications Corporation (NASDAQ:SBAC) by 1.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 127,515 shares of the technology company’s stock after selling 2,088 shares during the quarter. Aware Super Pty Ltd as trustee of Aware Super’s holdings in SBA Communications were worth $29,946,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of SBAC. NorthCrest Asset Manangement LLC boosted its stake in shares of SBA Communications by 3.0% in the second quarter. NorthCrest Asset Manangement LLC now owns 1,535 shares of the technology company’s stock valued at $359,000 after buying an additional 44 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of SBA Communications by 22.0% in the first quarter. Farther Finance Advisors LLC now owns 250 shares of the technology company’s stock valued at $55,000 after buying an additional 45 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of SBA Communications by 0.8% in the second quarter. Janney Montgomery Scott LLC now owns 6,130 shares of the technology company’s stock valued at $1,440,000 after buying an additional 46 shares during the period. Advisors Asset Management Inc. boosted its stake in shares of SBA Communications by 5.6% in the first quarter. Advisors Asset Management Inc. now owns 880 shares of the technology company’s stock valued at $194,000 after buying an additional 47 shares during the period. Finally, Oakworth Capital Inc. boosted its stake in shares of SBA Communications by 25.8% in the first quarter. Oakworth Capital Inc. now owns 293 shares of the technology company’s stock valued at $64,000 after buying an additional 60 shares during the period. Institutional investors and hedge funds own 97.35% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on SBAC shares. Citigroup reiterated an “outperform” rating on shares of SBA Communications in a research note on Tuesday, August 5th. UBS Group cut their price target on SBA Communications from $285.00 to $275.00 and set a “buy” rating for the company in a research note on Tuesday. JMP Securities set a $280.00 price target on SBA Communications and gave the company a “market outperform” rating in a research note on Tuesday, August 5th. Wells Fargo & Company boosted their price objective on shares of SBA Communications from $225.00 to $235.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 5th. Finally, Barclays lowered their price objective on shares of SBA Communications from $257.00 to $226.00 and set an “overweight” rating for the company in a research report on Monday, September 15th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $248.40.

SBA Communications Price Performance

Shares of SBAC opened at $194.45 on Thursday. SBA Communications Corporation has a one year low of $185.45 and a one year high of $252.64. The company has a market cap of $20.88 billion, a P/E ratio of 24.71, a P/E/G ratio of 2.01 and a beta of 0.82. The firm has a 50 day simple moving average of $202.62 and a two-hundred day simple moving average of $220.06.

SBA Communications (NASDAQ:SBAC) last announced its quarterly earnings data on Monday, August 4th. The technology company reported $3.17 EPS for the quarter, beating the consensus estimate of $3.10 by $0.07. The business had revenue of $698.98 million during the quarter, compared to the consensus estimate of $670.73 million. SBA Communications had a net margin of 31.19% and a negative return on equity of 16.83%. The company’s revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the business earned $3.29 earnings per share. SBA Communications has set its FY 2025 guidance at EPS. On average, analysts expect that SBA Communications Corporation will post 12.57 earnings per share for the current fiscal year.

SBA Communications Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, August 21st were issued a dividend of $1.11 per share. The ex-dividend date was Thursday, August 21st. This represents a $4.44 annualized dividend and a dividend yield of 2.3%. SBA Communications’s dividend payout ratio is 56.42%.

SBA Communications 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.