Earned Wealth Advisors LLC Makes New $217,000 Investment in SBA Communications Corporation $SBAC

Earned Wealth Advisors LLC purchased a new position in shares of SBA Communications Corporation (NASDAQ:SBAC) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 922 shares of the technology company’s stock, valued at approximately $217,000.

Several other institutional investors have also recently made changes to their positions in SBAC. CVA Family Office LLC increased its position in shares of SBA Communications by 106.3% during the 2nd quarter. CVA Family Office LLC now owns 130 shares of the technology company’s stock worth $31,000 after purchasing an additional 67 shares during the last quarter. Stone House Investment Management LLC acquired a new position in shares of SBA Communications during the 1st quarter worth approximately $33,000. Allworth Financial LP increased its position in shares of SBA Communications by 62.0% during the 1st quarter. Allworth Financial LP now owns 162 shares of the technology company’s stock worth $36,000 after purchasing an additional 62 shares during the last quarter. Geneos Wealth Management Inc. increased its position 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. Finally, Zions Bancorporation National Association UT acquired a new position in shares of SBA Communications during the 1st quarter worth approximately $47,000. Institutional investors and hedge funds own 97.35% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on SBAC. Wells Fargo & Company lowered their price target on SBA Communications from $235.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Monday, October 20th. 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. UBS Group lowered 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. KeyCorp lowered their price target on SBA Communications from $280.00 to $235.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 17th. Finally, Morgan Stanley dropped their price target on SBA Communications from $260.00 to $220.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 16th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $241.07.

SBA Communications Price Performance

Shares of NASDAQ SBAC opened at $191.48 on Friday. The stock’s fifty day moving average price is $196.71 and its two-hundred day moving average price is $218.27. SBA Communications Corporation has a one year low of $185.45 and a one year high of $245.16. The firm has a market cap of $20.56 billion, a price-to-earnings ratio of 24.33, a P/E/G ratio of 2.01 and a beta of 0.82.

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

SBA Communications Dividend Announcement

The business also recently announced 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. This represents a $4.44 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Thursday, August 21st. SBA Communications’s dividend payout ratio is 56.42%.

About SBA Communications

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.