SBA Communications Corporation $SBAC Shares Sold by Aviva PLC

Aviva PLC lessened its holdings in shares of SBA Communications Corporation (NASDAQ:SBAC) by 44.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 80,882 shares of the technology company’s stock after selling 63,819 shares during the period. Aviva PLC’s holdings in SBA Communications were worth $18,994,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in SBA Communications by 1.5% in the first quarter. Vanguard Group Inc. now owns 17,666,669 shares of the technology company’s stock valued at $3,886,844,000 after purchasing an additional 268,018 shares during the last quarter. Dodge & Cox lifted its position in shares of SBA Communications by 15.5% during the 1st quarter. Dodge & Cox now owns 8,485,264 shares of the technology company’s stock worth $1,866,843,000 after buying an additional 1,139,009 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of SBA Communications by 40.3% in the 1st quarter. JPMorgan Chase & Co. now owns 5,973,657 shares of the technology company’s stock valued at $1,314,265,000 after buying an additional 1,715,541 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its holdings in shares of SBA Communications by 7.3% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 1,996,773 shares of the technology company’s stock valued at $439,310,000 after buying an additional 135,682 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in shares of SBA Communications by 11.5% in the 1st quarter. Victory Capital Management Inc. now owns 1,986,133 shares of the technology company’s stock valued at $436,969,000 after buying an additional 204,902 shares during the last quarter. Hedge funds and other institutional investors own 97.35% of the company’s stock.

SBA Communications Price Performance

SBAC opened at $199.42 on Tuesday. SBA Communications Corporation has a 12 month low of $185.45 and a 12 month high of $245.16. The stock has a market capitalization of $21.41 billion, a P/E ratio of 25.34, a P/E/G ratio of 2.01 and a beta of 0.80. The business has a 50 day simple moving average of $194.97 and a 200-day simple moving average of $216.87.

SBA Communications (NASDAQ:SBAC) last released its quarterly earnings data on Monday, November 3rd. The technology company reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.21 by $0.09. SBA Communications had a negative return on equity of 16.83% and a net margin of 31.19%.The firm had revenue of $732.33 million during the quarter, compared to analysts’ expectations of $715.65 million. During the same quarter in the prior year, the business posted $3.32 earnings per share. SBA Communications’s revenue was up 9.7% compared to the same quarter last year. SBA Communications has set its FY 2025 guidance at EPS. Research analysts anticipate that SBA Communications Corporation will post 12.57 EPS for the current year.

SBA Communications Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Thursday, November 13th will be paid a $1.11 dividend. The ex-dividend date is Thursday, November 13th. This represents a $4.44 annualized dividend and a dividend yield of 2.2%. SBA Communications’s dividend payout ratio (DPR) is 57.89%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on SBAC shares. Citigroup reduced their price target on shares of SBA Communications from $265.00 to $235.00 and set a “buy” rating for the company in a research report on Thursday, October 16th. Royal Bank Of Canada reduced their target price on SBA Communications from $235.00 to $232.00 and set an “outperform” rating for the company in a report on Monday. 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 note on Wednesday, October 1st. Cowen reaffirmed a “buy” rating on shares of SBA Communications in a research report on Tuesday, November 4th. Finally, Barclays decreased their price objective on SBA Communications from $257.00 to $226.00 and set an “overweight” rating for the company in a report on Monday, September 15th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $238.50.

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.