Focus Partners Advisor Solutions LLC Acquires Shares of 2,088 SBA Communications Corporation $SBAC

Focus Partners Advisor Solutions LLC acquired a new stake in shares of SBA Communications Corporation (NASDAQ:SBAC) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 2,088 shares of the technology company’s stock, valued at approximately $490,000.

Several other large investors have also bought and sold shares of SBAC. Stone House Investment Management LLC bought a new stake in SBA Communications during the 1st quarter valued at approximately $33,000. Allworth Financial LP boosted its position in SBA Communications by 62.0% during the 1st quarter. Allworth Financial LP now owns 162 shares of the technology company’s stock valued at $36,000 after acquiring an additional 62 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in SBA Communications by 105.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 164 shares of the technology company’s stock valued at $36,000 after acquiring an additional 84 shares in the last quarter. Zions Bancorporation National Association UT bought a new stake in SBA Communications during the 1st quarter valued at approximately $47,000. Finally, Summit Securities Group LLC bought a new stake in SBA Communications during the 1st quarter valued at approximately $47,000. 97.35% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SBAC has been the topic of a number of analyst reports. Raymond James Financial set a $265.00 price target on SBA Communications and gave the stock a “strong-buy” rating in a research report on Tuesday, August 5th. The Goldman Sachs Group dropped their price target on SBA Communications from $250.00 to $220.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 1st. Bank of America cut SBA Communications from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $260.00 to $230.00 in a research report on Wednesday, August 27th. UBS Group dropped their price target on SBA Communications from $285.00 to $275.00 and set a “buy” rating on the stock in a research report on Tuesday, October 14th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of SBA Communications in a research report on Tuesday, October 14th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, SBA Communications currently has an average rating of “Moderate Buy” and an average target price of $241.07.

SBA Communications Trading Down 1.5%

SBAC stock opened at $190.42 on Thursday. The stock has a market capitalization of $20.45 billion, a PE ratio of 24.20, a price-to-earnings-growth ratio of 2.04 and a beta of 0.82. SBA Communications Corporation has a 12-month low of $185.45 and a 12-month high of $245.16. The stock’s 50 day simple moving average is $197.93 and its 200 day simple moving average is $218.69.

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

SBA Communications Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, August 21st were given a $1.11 dividend. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $4.44 annualized dividend and a 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.