SBA Communications Corporation $SBAC Shares Acquired by NBC Securities Inc.

Key Points

• NBC Securities Inc. significantly increased its holdings in SBA Communications Corporation by 6,879.1% during Q2, resulting in ownership of 14,028 shares worth approximately $3.29 million.
• Analysts have given mixed ratings on SBA Communications, with target prices ranging from $235.00 to $280.00, while the stock currently holds an average rating of “Moderate Buy”.
• SBA Communications declared a quarterly dividend of $1.11 per share with an annualized yield of 2.2%, reflecting a payout ratio of 56.42%.

NBC Securities Inc. grew its holdings in SBA Communications Corporation (NASDAQ:SBAC - Free Report) by 6,879.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,028 shares of the technology company's stock after purchasing an additional 13,827 shares during the period. NBC Securities Inc.'s holdings in SBA Communications were worth $3,294,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Independence Bank of Kentucky acquired a new position in shares of SBA Communications in the 1st quarter valued at $28,000. Stone House Investment Management LLC acquired a new position in shares of SBA Communications in the 1st quarter valued at $33,000. Allworth Financial LP lifted its stake in shares of SBA Communications by 62.0% in the 1st quarter. Allworth Financial LP now owns 162 shares of the technology company's stock valued at $36,000 after purchasing an additional 62 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of SBA Communications by 105.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 164 shares of the technology company's stock valued at $36,000 after purchasing an additional 84 shares during the last quarter. Finally, Zions Bancorporation National Association UT acquired a new position in shares of SBA Communications in the 1st quarter valued at $47,000. Institutional investors and hedge funds own 97.35% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on SBAC. Wells Fargo & Company increased their target price on SBA Communications from $225.00 to $235.00 and gave the stock an "equal weight" rating in a research note on Tuesday, August 5th. JMP Securities set a $280.00 target price on SBA Communications and gave the company a "market outperform" rating in a report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft cut SBA Communications from a "buy" rating to a "hold" rating and set a $247.00 target price for the company. in a report on Tuesday, May 20th. Barclays raised their target price on SBA Communications from $247.00 to $257.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Finally, Citigroup restated an "outperform" rating on shares of SBA Communications in a report on Tuesday, August 5th. Two 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's stock. According to MarketBeat, SBA Communications currently has an average rating of "Moderate Buy" and an average price target of $256.38.

SBA Communications Price Performance

Shares of NASDAQ SBAC opened at $199.97 on Monday. The stock's 50-day moving average is $219.72 and its two-hundred day moving average is $224.16. SBA Communications Corporation has a 1-year low of $186.81 and a 1-year high of $252.64. The company has a market cap of $21.47 billion, a price-to-earnings ratio of 25.41, a price-to-earnings-growth ratio of 1.89 and a beta of 0.80.

SBA Communications (NASDAQ:SBAC - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The technology company reported $3.17 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $698.98 million for the quarter, compared to the consensus estimate of $670.73 million. During the same quarter in the prior year, the business earned $3.29 EPS. SBA Communications's revenue was up 5.8% on a year-over-year basis. SBA Communications has set its FY 2025 guidance at EPS. Equities research analysts anticipate that SBA Communications Corporation will post 12.57 earnings per share for the current fiscal year.

SBA Communications Dividend Announcement

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

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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