Nomura Holdings Inc. Acquires 5,761 Shares of SBA Communications Corporation $SBAC

Key Points

• Nomura Holdings Inc. has increased its stake in SBA Communications by 27.4%, now holding a total of 26,790 shares valued at approximately $5.89 million.
• SBA Communications recently reported earnings of $3.17 per share for the quarter, exceeding analyst expectations, and its revenue increased by 5.8% year-over-year.
• The company has announced a quarterly dividend of $1.11 per share, representing an annualized yield of 2.2% and a payout ratio of 56.42%.

Nomura Holdings Inc. lifted its stake in SBA Communications Corporation (NASDAQ:SBAC - Free Report) by 27.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,790 shares of the technology company's stock after purchasing an additional 5,761 shares during the period. Nomura Holdings Inc.'s holdings in SBA Communications were worth $5,894,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SBAC. Independence Bank of Kentucky acquired a new position in SBA Communications in the first quarter valued at approximately $28,000. Stone House Investment Management LLC acquired a new stake in shares of SBA Communications during the first quarter worth $33,000. Allworth Financial LP raised 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 worth $36,000 after acquiring an additional 62 shares during the period. NBC Securities Inc. raised its holdings in shares of SBA Communications by 1,575.0% during the first quarter. NBC Securities Inc. now owns 201 shares of the technology company's stock worth $44,000 after acquiring an additional 189 shares during the period. Finally, Zions Bancorporation National Association UT acquired a new stake in shares of SBA Communications during the first quarter worth $47,000. Institutional investors and hedge funds own 97.35% of the company's stock.

SBA Communications Stock Up 1.3%

Shares of NASDAQ:SBAC traded up $2.57 during midday trading on Friday, hitting $197.74. The stock had a trading volume of 1,863,233 shares, compared to its average volume of 955,243. The company's 50-day moving average price is $223.83 and its 200-day moving average price is $224.78. The company has a market capitalization of $21.23 billion, a P/E ratio of 25.13, a price-to-earnings-growth ratio of 1.88 and a beta of 0.80. SBA Communications Corporation has a fifty-two week low of $192.55 and a fifty-two week high of $252.64.

SBA Communications (NASDAQ:SBAC - Get Free Report) last posted its 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 firm 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 company's revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.29 earnings per share. SBA Communications has set its FY 2025 guidance at EPS. Research analysts expect that SBA Communications Corporation will post 12.57 EPS for the current fiscal year.

SBA Communications Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft lowered shares of SBA Communications from a "buy" rating to a "hold" rating and set a $247.00 price objective on the stock. in a report on Tuesday, May 20th. Scotiabank began coverage on shares of SBA Communications in a research note on Thursday, July 17th. They set a "sector perform" rating and a $252.00 price objective for the company. Citigroup restated an "outperform" rating on shares of SBA Communications in a research note on Tuesday, August 5th. Morgan Stanley upped their target price on SBA Communications from $255.00 to $260.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 22nd. Finally, Bank of America lowered SBA Communications from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $260.00 to $230.00 in a report on Wednesday, August 27th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target 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.