Kera Capital Partners Inc. Buys New Holdings in SBA Communications Co. (NASDAQ:SBAC)

Kera Capital Partners Inc. purchased a new stake in SBA Communications Co. (NASDAQ:SBAC - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,282 shares of the technology company's stock, valued at approximately $282,000.

Other institutional investors have also made changes to their positions in the company. Evermay Wealth Management LLC acquired a new position in SBA Communications during the 4th quarter worth $27,000. Graney & King LLC acquired a new position in SBA Communications during the 4th quarter worth $29,000. Oakworth Capital Inc. lifted its holdings in SBA Communications by 161.8% during the 4th quarter. Oakworth Capital Inc. now owns 233 shares of the technology company's stock worth $47,000 after buying an additional 144 shares in the last quarter. State of Wyoming lifted its holdings in SBA Communications by 75.8% during the 4th quarter. State of Wyoming now owns 276 shares of the technology company's stock worth $56,000 after buying an additional 119 shares in the last quarter. Finally, Sherman Asset Management Inc. acquired a new position in SBA Communications during the 4th quarter worth $73,000. 97.35% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Royal Bank of Canada reaffirmed an "outperform" rating and set a $255.00 price objective on shares of SBA Communications in a report on Monday, February 24th. Barclays raised their price target on SBA Communications from $244.00 to $247.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 29th. Bank of America began coverage on SBA Communications in a report on Monday, May 19th. They issued a "buy" rating and a $260.00 price objective for the company. JMP Securities upped their price objective on SBA Communications from $250.00 to $270.00 and gave the company a "market outperform" rating in a report on Tuesday, April 29th. Finally, Deutsche Bank Aktiengesellschaft lowered SBA Communications from a "buy" rating to a "hold" rating and set a $247.00 target price for the company. in a research report on Tuesday, May 20th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $253.43.

SBA Communications Stock Down 0.9%

Shares of SBAC traded down $2.12 during trading hours on Monday, reaching $229.78. The stock had a trading volume of 154,501 shares, compared to its average volume of 890,598. SBA Communications Co. has a 52 week low of $187.06 and a 52 week high of $252.64. The firm has a 50-day moving average of $226.89 and a 200 day moving average of $216.43. The company has a market cap of $24.69 billion, a P/E ratio of 36.24, a P/E/G ratio of 0.74 and a beta of 0.83.

SBA Communications Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Thursday, May 22nd will be paid a $1.11 dividend. This represents a $4.44 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend is Thursday, May 22nd. SBA Communications's payout ratio is 60.91%.

Insider Buying and Selling at SBA Communications

In other news, VP Joshua Koenig sold 2,209 shares of the firm's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $224.18, for a total value of $495,213.62. Following the completion of the transaction, the vice president now owns 6,079 shares in the company, valued at $1,362,790.22. This trade represents a 26.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jack Langer sold 5,000 shares of the firm's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $240.59, for a total value of $1,202,950.00. Following the completion of the transaction, the director now owns 10,522 shares of the company's stock, valued at $2,531,487.98. The trade was a 32.21% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.92% of the company's stock.

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.