SBA Communications Corporation $SBAC Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its stake in SBA Communications Corporation (NASDAQ:SBAC) by 8.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 73,884 shares of the technology company’s stock after selling 6,960 shares during the period. Allspring Global Investments Holdings LLC’s holdings in SBA Communications were worth $14,221,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of SBAC. Jones Financial Companies Lllp lifted its stake in SBA Communications by 272.8% during the first quarter. Jones Financial Companies Lllp now owns 753 shares of the technology company’s stock valued at $166,000 after buying an additional 551 shares in the last quarter. Empowered Funds LLC increased its position in shares of SBA Communications by 12.6% in the first quarter. Empowered Funds LLC now owns 2,041 shares of the technology company’s stock worth $449,000 after acquiring an additional 229 shares in the last quarter. Focus Partners Wealth raised its holdings in shares of SBA Communications by 9.0% during the first quarter. Focus Partners Wealth now owns 3,236 shares of the technology company’s stock valued at $712,000 after acquiring an additional 266 shares during the period. Geneos Wealth Management Inc. raised its holdings in shares of SBA Communications by 105.0% during the first quarter. Geneos Wealth Management Inc. now owns 164 shares of the technology company’s stock valued at $36,000 after acquiring an additional 84 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of SBA Communications by 15.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,056 shares of the technology company’s stock valued at $248,000 after acquiring an additional 143 shares in the last quarter. Institutional investors and hedge funds own 97.35% of the company’s stock.

Analyst Ratings Changes

SBAC has been the subject of a number of recent analyst reports. Truist Financial began coverage on shares of SBA Communications in a research note on Tuesday, March 31st. They issued a “hold” rating and a $193.00 price objective for the company. UBS Group reduced their target price on SBA Communications from $275.00 to $260.00 and set a “buy” rating for the company in a report on Tuesday, January 20th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SBA Communications in a research report on Friday, January 9th. Royal Bank Of Canada lifted their price target on SBA Communications from $215.00 to $220.00 and gave the company an “outperform” rating in a report on Monday, March 2nd. Finally, JPMorgan Chase & Co. dropped their price target on SBA Communications from $245.00 to $240.00 and set a “neutral” rating on the stock in a research report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $230.11.

Trending Headlines about SBA Communications

Here are the key news stories impacting SBA Communications this week:

• Positive Sentiment: The company confirmed it is reviewing takeover interest from infrastructure funds and is exploring a potential sale, which directly prompted investor optimism about a possible transaction premium. Reuters: SBA Communications explores potential sale
• Positive Sentiment: Media coverage and market reaction pushed shares noticeably higher on heavy volume as traders priced in takeover speculation; multiple outlets reported the surge and confirmed the company is assessing interest. Yahoo: SBA Communications explores sale after takeover interest
• Neutral Sentiment: Analyst signals are mixed: some firms highlight SBA’s attractive tower assets and 5G growth tailwinds, while others flag valuation and macro/financing risks that could temper upside if a deal doesn’t materialize. Expect divergent analyst commentary and possible volatility as details (bidders, process, timing) remain unclear. Yahoo: How The SBA Communications Investment Story Is Evolving
• Neutral Sentiment: Coverage initiation by Truist may increase analyst attention and liquidity, but it does not guarantee an upgrade or a change in guidance — monitor any new price targets or notes from Truist for directional clues. AmericanBankingNews: Coverage Initiated at Truist

SBA Communications Price Performance

Shares of SBA Communications stock opened at $204.04 on Friday. The firm has a market cap of $21.59 billion, a price-to-earnings ratio of 21.41, a P/E/G ratio of 2.02 and a beta of 0.88. The stock has a 50-day simple moving average of $188.04 and a 200-day simple moving average of $191.05. SBA Communications Corporation has a 52-week low of $162.41 and a 52-week high of $245.16.

SBA Communications (NASDAQ:SBAC) last released its quarterly earnings data on Thursday, February 26th. The technology company reported $3.47 EPS for the quarter, topping analysts’ consensus estimates of $3.25 by $0.22. The firm had revenue of $719.58 million for the quarter, compared to the consensus estimate of $725.80 million. SBA Communications had a negative return on equity of 20.81% and a net margin of 36.40%.The firm’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.47 earnings per share. As a group, equities research analysts predict that SBA Communications Corporation will post 12.57 earnings per share for the current year.

SBA Communications Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were issued a dividend of $1.25 per share. The ex-dividend date was Friday, March 13th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.5%. This is an increase from SBA Communications’s previous quarterly dividend of $1.11. SBA Communications’s payout ratio is 52.47%.

SBA Communications Profile

SBA Communications Corporation (NASDAQ: SBAC) is a real estate investment trust that owns, operates and develops wireless communications infrastructure. Its core business is the leasing of space on communications towers, rooftop sites and other wireless structures to mobile network operators, broadband providers and other wireless service customers. The company also provides site development, construction and ongoing site management services to support the deployment and operation of wireless networks.

In addition to traditional macro towers, SBA offers a range of infrastructure solutions designed for dense urban and suburban markets, including small cells, distributed antenna systems (DAS) and fiber backhaul and transport services.