AG2R LA Mondiale Gestion D Actifs Invests $1.38 Million in SBA Communications Corporation $SBAC

Key Points

• AG2R LA Mondiale Gestion D Actifs has invested approximately $1.38 million in SBA Communications Corporation, acquiring 5,949 shares in the first quarter.
• SBA Communications recently reported earnings of $3.17 per share, beating analysts' expectations and generating revenue of $698.98 million.
• The company announced a quarterly dividend of $1.11 per share with a yield of 2.2%, reflecting a dividend payout ratio of 56.42%.

AG2R LA Mondiale Gestion D Actifs acquired a new position in SBA Communications Corporation (NASDAQ:SBAC - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,949 shares of the technology company's stock, valued at approximately $1,380,000.

A number of other institutional investors have also recently made changes to their positions in the business. Farther Finance Advisors LLC boosted its position in shares of SBA Communications by 22.0% in the 1st quarter. Farther Finance Advisors LLC now owns 250 shares of the technology company's stock worth $55,000 after purchasing an additional 45 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of SBA Communications by 5.6% in the 1st quarter. Advisors Asset Management Inc. now owns 880 shares of the technology company's stock worth $194,000 after purchasing an additional 47 shares in the last quarter. Central Pacific Bank Trust Division boosted its position in shares of SBA Communications by 2.3% in the 1st quarter. Central Pacific Bank Trust Division now owns 2,250 shares of the technology company's stock worth $495,000 after purchasing an additional 50 shares in the last quarter. Oakworth Capital Inc. boosted its position in shares of SBA Communications by 25.8% in the 1st quarter. Oakworth Capital Inc. now owns 293 shares of the technology company's stock worth $64,000 after purchasing an additional 60 shares in the last quarter. Finally, Clear Creek Financial Management LLC raised its stake in SBA Communications by 6.0% in the 1st quarter. Clear Creek Financial Management LLC now owns 1,100 shares of the technology company's stock worth $242,000 after acquiring an additional 62 shares during the last quarter. Institutional investors and hedge funds own 97.35% of the company's stock.

SBA Communications Stock Performance

NASDAQ SBAC opened at $199.97 on Friday. The stock has a 50-day simple moving average of $219.72 and a two-hundred day simple moving average of $224.12. The firm has a market capitalization of $21.47 billion, a P/E ratio of 25.41, a PEG ratio of 1.89 and a beta of 0.80. SBA Communications Corporation has a fifty-two week low of $186.81 and a fifty-two week high of $252.64.

SBA Communications (NASDAQ:SBAC - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The technology company reported $3.17 earnings per share for the quarter, beating analysts' consensus estimates of $3.10 by $0.07. The business had revenue of $698.98 million during the quarter, compared to analyst estimates of $670.73 million. SBA Communications had a negative return on equity of 16.83% and a net margin of 31.19%.The company's revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the business posted $3.29 EPS. SBA Communications has set its FY 2025 guidance at EPS. As a group, analysts forecast that SBA Communications Corporation will post 12.57 earnings per share for the current year.

SBA Communications Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SBAC. Barclays raised their target price on SBA Communications from $247.00 to $257.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Citigroup restated an "outperform" rating on shares of SBA Communications in a research note on Tuesday, August 5th. JMP Securities set a $280.00 target price on SBA Communications and gave the stock a "market outperform" rating in a research note on Tuesday, August 5th. Bank of America lowered SBA Communications from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $260.00 to $230.00 in a research note on Wednesday, August 27th. Finally, Raymond James Financial set a $265.00 target price on SBA Communications and gave the stock a "strong-buy" rating in a research note on Tuesday, August 5th. Two equities 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's stock. Based on data from MarketBeat.com, the stock 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.

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