Kera Capital Partners Inc. Acquires Shares of 1,282 SBA Communications Co. (NASDAQ:SBAC)

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

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dodge & Cox increased its holdings in shares of SBA Communications by 352.5% in the fourth quarter. Dodge & Cox now owns 7,346,255 shares of the technology company's stock worth $1,497,167,000 after acquiring an additional 5,722,740 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of SBA Communications by 16.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,254,460 shares of the technology company's stock valued at $1,024,049,000 after purchasing an additional 605,872 shares during the period. Geode Capital Management LLC increased its stake in SBA Communications by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 2,886,158 shares of the technology company's stock worth $586,827,000 after purchasing an additional 71,023 shares in the last quarter. Deutsche Bank AG increased its stake in SBA Communications by 5.9% during the 4th quarter. Deutsche Bank AG now owns 2,411,920 shares of the technology company's stock worth $491,549,000 after purchasing an additional 134,624 shares in the last quarter. Finally, Cohen & Steers Inc. raised its holdings in SBA Communications by 29.8% during the 4th quarter. Cohen & Steers Inc. now owns 1,883,065 shares of the technology company's stock worth $383,762,000 after buying an additional 432,644 shares during the period. 97.35% of the stock is currently owned by institutional investors.

SBA Communications Price Performance

SBAC stock traded up $0.73 during mid-day trading on Friday, reaching $230.97. The company had a trading volume of 1,256,458 shares, compared to its average volume of 896,334. The company has a market capitalization of $24.82 billion, a price-to-earnings ratio of 36.43, a PEG ratio of 0.74 and a beta of 0.83. SBA Communications Co. has a 52 week low of $187.06 and a 52 week high of $252.64. The stock has a 50 day simple moving average of $226.89 and a two-hundred day simple moving average of $216.46.

SBA Communications Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Thursday, May 22nd will be paid a $1.11 dividend. The ex-dividend date is Thursday, May 22nd. This represents a $4.44 annualized dividend and a dividend yield of 1.92%. SBA Communications's dividend payout ratio is presently 60.91%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SBAC shares. Bank of America started coverage on shares of SBA Communications in a report on Monday, May 19th. They issued a "buy" rating and a $260.00 price target for the company. Raymond James reaffirmed a "strong-buy" rating and issued a $268.00 target price (up from $265.00) on shares of SBA Communications in a research note on Tuesday, April 29th. Morgan Stanley started coverage on SBA Communications in a report on Tuesday, April 1st. They set an "equal weight" rating and a $240.00 target price for the company. Deutsche Bank Aktiengesellschaft cut SBA Communications from a "buy" rating to a "hold" rating and set a $247.00 price objective for the company. in a research report on Tuesday, May 20th. Finally, JMP Securities lifted their target price on SBA Communications from $250.00 to $270.00 and gave the company a "market outperform" rating in a research report on Tuesday, April 29th. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $253.43.

Insider Buying and Selling

In other news, 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 transaction of $1,202,950.00. Following the completion of the sale, the director now owns 10,522 shares in the company, valued at approximately $2,531,487.98. This trade represents a 32.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Joshua Koenig sold 2,209 shares of SBA Communications stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $224.18, for a total transaction of $495,213.62. Following the sale, the vice president now directly owns 6,079 shares of the company's stock, valued at $1,362,790.22. The trade was a 26.65% decrease in their position. The disclosure for this sale can be found here. 0.92% of the stock is owned by corporate insiders.

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.