Rep. Lisa C. McClain Buys SBA Communications Corporation (NASDAQ:SBAC) Shares

Key Points

• Representative Lisa C. McClain purchased shares of SBA Communications Corporation (NASDAQ:SBAC) for between $1,001 and $15,000 on September 11th, as disclosed in an October 22nd filing.
• SBA Communications recently announced a quarterly dividend of $1.11 per share, yielding 2.3%, with an annualized dividend of $4.44.
• The stock opened at $196.10, showing a 0.6% decrease on the trading day and having a market capitalization of $21.06 billion.

Representative Lisa C. McClain (R-Michigan) recently bought shares of SBA Communications Corporation NASDAQ: SBAC. In a filing disclosed on October 22nd, the Representative disclosed that they had bought between $1,001 and $15,000 in SBA Communications stock on September 11th. The trade occurred in the Representative's "CHARLES SCHWAB BROKERAGE ACCOUNT 924" account.

Representative Lisa C. McClain also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of FMC NYSE: FMC on 9/25/2025.
• Sold $1,001 - $15,000 in shares of Merit Medical Systems NASDAQ: MMSI on 9/25/2025.
• Purchased $1,001 - $15,000 in shares of Darden Restaurants NYSE: DRI on 9/25/2025.
• Purchased $1,001 - $15,000 in shares of ASML NASDAQ: ASML on 9/25/2025.
• Purchased $1,001 - $15,000 in shares of Kenvue NYSE: KVUE on 9/25/2025.
• Sold $1,001 - $15,000 in shares of Beacon Financial NYSE: BBT on 9/25/2025.
• Sold $1,001 - $15,000 in shares of British American Tobacco NYSE: BTI on 9/25/2025.
• Purchased $1,001 - $15,000 in shares of Rollins NYSE: ROL on 9/25/2025.
• Purchased $1,001 - $15,000 in shares of SAP NYSE: SAP on 9/25/2025.
• Purchased $1,001 - $15,000 in shares of MGP Ingredients NASDAQ: MGPI on 9/25/2025.

SBA Communications Trading Down 0.6%

Shares of SBAC opened at $196.10 on Friday. The company has a market capitalization of $21.06 billion, a PE ratio of 24.92, a PEG ratio of 2.08 and a beta of 0.82. SBA Communications Corporation has a 12 month low of $185.45 and a 12 month high of $247.04. The stock's 50-day moving average price is $199.92 and its two-hundred day moving average price is $219.07.

SBA Communications (NASDAQ:SBAC - Get Free Report) last announced its earnings results on Monday, August 4th. The technology company reported $3.17 EPS for the quarter, topping the consensus estimate of $3.10 by $0.07. The firm had revenue of $698.98 million for 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% compared to the same quarter last year. During the same period in the previous year, the business earned $3.29 EPS. SBA Communications has set its FY 2025 guidance at EPS. Equities research analysts predict that SBA Communications Corporation will post 12.57 EPS for the current fiscal year.

SBA Communications Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, August 21st were issued a dividend of $1.11 per share. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $4.44 annualized dividend and a yield of 2.3%. SBA Communications's payout ratio is presently 56.42%.

Institutional Trading of SBA Communications

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC boosted its stake in shares of SBA Communications by 22.0% in the 1st quarter. Farther Finance Advisors LLC now owns 250 shares of the technology company's stock worth $55,000 after buying an additional 45 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of SBA Communications by 38.6% in the 1st quarter. GAMMA Investing LLC now owns 1,684 shares of the technology company's stock worth $370,000 after buying an additional 469 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of SBA Communications by 75.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 14,614 shares of the technology company's stock worth $3,215,000 after buying an additional 6,272 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of SBA Communications by 35.6% in the 1st quarter. Exchange Traded Concepts LLC now owns 518 shares of the technology company's stock worth $114,000 after buying an additional 136 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in shares of SBA Communications by 11.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 6,084 shares of the technology company's stock worth $1,339,000 after buying an additional 608 shares during the last quarter. 97.35% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the company. Royal Bank Of Canada cut their target price on SBA Communications from $255.00 to $235.00 and set an "outperform" rating on the stock in a report on Thursday, October 2nd. KeyCorp lowered their price objective on SBA Communications from $280.00 to $235.00 and set an "overweight" rating for the company in a research report on Wednesday, September 17th. Barclays lowered their price objective on SBA Communications from $257.00 to $226.00 and set an "overweight" rating for the company in a research report on Monday, September 15th. JMP Securities set a $280.00 price objective on SBA Communications and gave the stock a "market outperform" rating in a research report on Tuesday, August 5th. Finally, Citigroup lowered their price objective on SBA Communications from $265.00 to $235.00 and set a "buy" rating for the company in a research report on Thursday, October 16th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, SBA Communications currently has an average rating of "Moderate Buy" and a consensus price target of $242.40.

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan's 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027. McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan's 9th Congressional District. She declared candidacy for the 2026 election. Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor's degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

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.

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