Partners Group Holding AG Has $36.22 Million Stake in SBA Communications Corporation $SBAC

Key Points

• Partners Group Holding AG increased its stake in SBA Communications by 11.1%, owning about 164,641 shares valued at approximately $36.2 million as of the latest SEC filing.
• SBA Communications reported $3.17 EPS for its last quarter, exceeding expectations and showing a 5.8% year-over-year revenue growth with total revenue of $698.98 million.
• The company declared a quarterly dividend of $1.11, translating to an annual dividend of $4.44 and a yield of 2.0%, set to be paid on September 18th.

Partners Group Holding AG increased its holdings in shares of SBA Communications Corporation (NASDAQ:SBAC - Free Report) by 11.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 164,641 shares of the technology company's stock after acquiring an additional 16,466 shares during the quarter. SBA Communications comprises 1.5% of Partners Group Holding AG's portfolio, making the stock its 21st biggest holding. Partners Group Holding AG owned 0.15% of SBA Communications worth $36,223,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Cresset Asset Management LLC grew its holdings in SBA Communications by 9.9% in the 1st quarter. Cresset Asset Management LLC now owns 4,578 shares of the technology company's stock valued at $1,007,000 after buying an additional 414 shares in the last quarter. Aberdeen Group plc grew its holdings in SBA Communications by 5.3% in the 1st quarter. Aberdeen Group plc now owns 152,327 shares of the technology company's stock valued at $33,210,000 after buying an additional 7,716 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in SBA Communications by 1.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,507,938 shares of the technology company's stock valued at $331,753,000 after buying an additional 14,918 shares in the last quarter. Horizon Investments LLC grew its holdings in SBA Communications by 5.0% in the 1st quarter. Horizon Investments LLC now owns 1,543 shares of the technology company's stock valued at $339,000 after buying an additional 73 shares in the last quarter. Finally, Fox Run Management L.L.C. acquired a new position in SBA Communications in the 1st quarter valued at $754,000. 97.35% of the stock is owned by institutional investors and hedge funds.

SBA Communications Stock Up 2.4%

SBA Communications stock traded up $5.11 during trading hours on Tuesday, hitting $220.26. The stock had a trading volume of 743,141 shares, compared to its average volume of 890,804. The stock has a market cap of $23.65 billion, a price-to-earnings ratio of 27.99, a P/E/G ratio of 1.98 and a beta of 0.77. SBA Communications Corporation has a one year low of $192.55 and a one year high of $252.64. The business's 50 day simple moving average is $229.24 and its 200-day simple moving average is $224.40.

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

SBA Communications Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. UBS Group upped their price objective on SBA Communications from $280.00 to $285.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Scotiabank assumed coverage on SBA Communications in a research note on Thursday, July 17th. They issued a "sector perform" rating and a $252.00 price target for the company. Citigroup reiterated an "outperform" rating on shares of SBA Communications in a research note on Tuesday, August 5th. Bank of America assumed coverage on shares of SBA Communications in a report on Monday, May 19th. They issued a "buy" rating and a $260.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of SBA Communications from a "buy" rating to a "hold" rating and set a $247.00 price target for the company. in a report on Tuesday, May 20th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $258.25.

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.