Jump Financial LLC Purchases 1,537 Shares of SBA Communications Corporation $SBAC

Key Points

• Jump Financial LLC increased its holdings in SBA Communications Corporation by 111.1% in the first quarter, acquiring an additional 1,537 shares for a total of 2,920 shares worth approximately $642,000.
• SBA Communications reported $3.17 EPS for the last quarter, surpassing analysts' expectations, with a year-over-year revenue increase of 5.8% to $698.98 million.
• The company recently announced a quarterly dividend of $1.11 per share, amounting to an annualized yield of 2.2%, with a dividend payout ratio of 56.42%.

Jump Financial LLC raised its position in SBA Communications Corporation (NASDAQ:SBAC - Free Report) by 111.1% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 2,920 shares of the technology company's stock after acquiring an additional 1,537 shares during the period. Jump Financial LLC's holdings in SBA Communications were worth $642,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Farther Finance Advisors LLC lifted its holdings 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. Central Pacific Bank Trust Division raised its holdings 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 worth $495,000 after buying an additional 50 shares during the last quarter. Oakworth Capital Inc. lifted its stake in shares of SBA Communications by 25.8% in 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 in the last quarter. Clear Creek Financial Management LLC lifted its stake in shares of 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 valued at $242,000 after buying an additional 62 shares in the last quarter. Finally, Allworth Financial LP grew its holdings in shares of SBA Communications by 62.0% during the first quarter. Allworth Financial LP now owns 162 shares of the technology company's stock valued at $36,000 after buying an additional 62 shares during the last quarter. 97.35% of the stock is owned by institutional investors and hedge funds.

SBA Communications Trading Down 0.6%

Shares of SBAC opened at $204.85 on Monday. The stock has a 50 day moving average of $227.15 and a 200 day moving average of $225.13. The company has a market capitalization of $22.00 billion, a price-to-earnings ratio of 26.03, a PEG ratio of 1.94 and a beta of 0.80. SBA Communications Corporation has a 12 month low of $192.55 and a 12 month high of $252.64.

SBA Communications (NASDAQ:SBAC - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The technology company reported $3.17 earnings per share (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 during the quarter, compared to the consensus estimate of $670.73 million. During the same quarter in the prior year, the company earned $3.29 EPS. The business'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. As a group, equities research analysts predict that SBA Communications Corporation will post 12.57 earnings per share for the current year.

SBA Communications Announces Dividend

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

Analysts Set New Price Targets

SBAC has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft lowered shares of SBA Communications from a "buy" rating to a "hold" rating and set a $247.00 target price on the stock. in a report on Tuesday, May 20th. Wells Fargo & Company raised their target price on SBA Communications from $225.00 to $235.00 and gave the company an "equal weight" rating in a 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 report on Tuesday, August 5th. Citigroup restated an "outperform" rating on shares of SBA Communications in a research note on Tuesday, August 5th. Finally, 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. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat, SBA Communications currently has an average rating of "Moderate Buy" and a consensus price target of $256.38.

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.

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