Universal Beteiligungs und Servicegesellschaft mbH Buys Shares of 52,805 SBA Communications Co. (NASDAQ:SBAC)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of SBA Communications Co. (NASDAQ:SBAC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 52,805 shares of the technology company's stock, valued at approximately $10,762,000.

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

SBA Communications Stock Performance

Shares of SBAC traded down $1.58 during mid-day trading on Tuesday, hitting $229.48. 623,625 shares of the company were exchanged, compared to its average volume of 890,985. The stock has a market cap of $24.66 billion, a price-to-earnings ratio of 36.20, a price-to-earnings-growth ratio of 0.74 and a beta of 0.83. The company has a 50 day moving average of $227.21 and a 200-day moving average of $216.50. SBA Communications Co. has a 1-year low of $187.06 and a 1-year high of $252.64.

SBA Communications Dividend Announcement

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

Analyst Ratings Changes

SBAC has been the topic of several research analyst reports. Barclays increased their price objective on shares of SBA Communications from $244.00 to $247.00 and gave the company an "overweight" rating in a research report on Tuesday, April 29th. Bank of America initiated coverage on shares of SBA Communications in a report on Monday, May 19th. They set a "buy" rating and a $260.00 price target for the company. Deutsche Bank Aktiengesellschaft downgraded SBA Communications from a "buy" rating to a "hold" rating and set a $247.00 target price for the company. in a research note on Tuesday, May 20th. Wall Street Zen cut SBA Communications from a "buy" rating to a "hold" rating in a research note on Friday, April 18th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $255.00 target price on shares of SBA Communications in a research report on Monday, February 24th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $253.43.

Insider Transactions at SBA Communications

In related news, VP Joshua Koenig sold 2,209 shares of SBA Communications stock in a transaction on Friday, March 7th. The shares were sold at an average price of $224.18, for a total value of $495,213.62. Following the transaction, the vice president now directly owns 6,079 shares in the company, valued at $1,362,790.22. This trade represents a 26.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jack Langer sold 5,000 shares of the company's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $240.59, for a total transaction of $1,202,950.00. Following the transaction, the director now directly owns 10,522 shares in the company, valued at approximately $2,531,487.98. This trade represents a 32.21% decrease in their ownership of the stock. 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.