UniSuper Management Pty Ltd Buys 97 Shares of SBA Communications Corporation $SBAC

UniSuper Management Pty Ltd boosted its stake in SBA Communications Corporation (NASDAQ:SBAC) by 0.1% during the 1st quarter, HoldingsChannel.com reports. The fund owned 66,431 shares of the technology company’s stock after purchasing an additional 97 shares during the quarter. UniSuper Management Pty Ltd’s holdings in SBA Communications were worth $14,615,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in SBAC. Farther Finance Advisors LLC lifted its position in SBA Communications by 22.0% during 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. Advisors Asset Management Inc. lifted its position in SBA Communications by 5.6% during 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. Central Pacific Bank Trust Division lifted its position in SBA Communications by 2.3% during the first quarter. Central Pacific Bank Trust Division now owns 2,250 shares of the technology company’s stock valued at $495,000 after buying an additional 50 shares during the period. Oakworth Capital Inc. lifted its position in SBA Communications by 25.8% during 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. Finally, Clear Creek Financial Management LLC lifted its position in SBA Communications by 6.0% during the first quarter. Clear Creek Financial Management LLC now owns 1,100 shares of the technology company’s stock valued at $242,000 after buying an additional 62 shares during the period. Institutional investors own 97.35% of the company’s stock.

SBA Communications Stock Up 1.3%

Shares of NASDAQ:SBAC opened at $197.74 on Monday. SBA Communications Corporation has a 52-week low of $192.55 and a 52-week high of $252.64. The stock has a market cap of $21.23 billion, a price-to-earnings ratio of 25.13, a PEG ratio of 1.88 and a beta of 0.80. The business has a 50-day moving average price of $223.83 and a 200-day moving average price of $224.88.

SBA Communications (NASDAQ:SBAC) last announced its quarterly earnings results on Monday, August 4th. The technology company reported $3.17 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.07. The company had revenue of $698.98 million during 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%.SBA Communications’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the business earned $3.29 earnings per share. SBA Communications has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that SBA Communications Corporation will post 12.57 EPS for the current fiscal year.

SBA Communications Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, August 21st will be given a dividend of $1.11 per share. This represents a $4.44 annualized dividend and a yield of 2.2%. The ex-dividend date is Thursday, August 21st. SBA Communications’s dividend payout ratio (DPR) is currently 56.42%.

Wall Street Analyst Weigh In

SBAC has been the subject of several recent research reports. Citigroup reissued an “outperform” rating on shares of SBA Communications in a research report on Tuesday, August 5th. JMP Securities set a $280.00 price target on SBA Communications and gave the stock a “market outperform” rating in a research report on Tuesday, August 5th. Bank of America lowered SBA Communications from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $260.00 to $230.00 in a research report on Wednesday, August 27th. Deutsche Bank Aktiengesellschaft lowered SBA Communications from a “buy” rating to a “hold” rating and set a $247.00 price target for the company. in a research report on Tuesday, May 20th. Finally, Barclays lifted their price target on SBA Communications from $247.00 to $257.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $256.38.

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.