Fjarde AP Fonden Fourth Swedish National Pension Fund Has $4.58 Million Stock Holdings in SBA Communications Corporation $SBAC

Key Points

• Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its position in SBA Communications Corporation by 11.5%, after selling 2,700 shares, resulting in total holdings worth $4,580,000.
• JPMorgan Chase & Co. significantly increased its stake in SBA Communications by 40.3%, now owning approximately 5.97 million shares valued at $1.31 billion.
• SBA Communications recently reported an earnings per share (EPS) of $3.17, exceeding analysts' expectations, and announced a quarterly dividend of $1.11, providing a 2.0% annual yield.

Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its position in SBA Communications Corporation (NASDAQ:SBAC - Free Report) by 11.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,818 shares of the technology company's stock after selling 2,700 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in SBA Communications were worth $4,580,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Farther Finance Advisors LLC lifted its stake in shares of SBA Communications by 22.0% in 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. Central Pacific Bank Trust Division raised its position in SBA Communications by 2.3% in the first 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. DoubleLine ETF Adviser LP raised its position in SBA Communications by 0.7% in the fourth quarter. DoubleLine ETF Adviser LP now owns 7,738 shares of the technology company's stock worth $1,577,000 after purchasing an additional 57 shares in the last quarter. Oakworth Capital Inc. raised its position in SBA Communications by 25.8% in the first 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 position in SBA Communications by 6.0% in the first quarter. Clear Creek Financial Management LLC now owns 1,100 shares of the technology company's stock worth $242,000 after purchasing an additional 62 shares in the last quarter. Institutional investors and hedge funds own 97.35% of the company's stock.

SBA Communications Stock Up 2.4%

SBAC stock traded up $5.11 during midday trading on Tuesday, reaching $220.26. The company's stock had a trading volume of 743,141 shares, compared to its average volume of 890,804. The business's 50-day simple moving average is $229.12 and its 200-day simple moving average is $224.37. The stock has a market cap of $23.65 billion, a PE ratio of 27.99, a price-to-earnings-growth ratio of 1.98 and a beta of 0.77. SBA Communications Corporation has a 52 week low of $192.55 and a 52 week high of $252.64.

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

SBA Communications Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, August 21st will be paid a $1.11 dividend. This represents a $4.44 annualized dividend and a yield of 2.0%. The ex-dividend date is Thursday, August 21st. SBA Communications's payout ratio is presently 56.42%.

Analyst Upgrades and Downgrades

SBAC has been the subject of several recent analyst reports. Raymond James Financial set a $265.00 price objective on shares of SBA Communications and gave the stock a "strong-buy" rating in a report on Tuesday, August 5th. Morgan Stanley raised their price objective on shares of SBA Communications from $255.00 to $260.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 22nd. Citigroup reaffirmed an "outperform" rating on shares of SBA Communications in a report on Tuesday, August 5th. Barclays increased their price target on shares of SBA Communications from $247.00 to $257.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft cut shares of SBA Communications from a "buy" rating to a "hold" rating and set a $247.00 price target on the stock. in a research note on Tuesday, May 20th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, SBA Communications currently has a consensus rating of "Moderate Buy" and an average target price of $258.25.

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.