Deutsche Bank AG Has $307.58 Million Stock Position in SBA Communications Corporation $SBAC

Deutsche Bank AG lowered its stake in SBA Communications Corporation (NASDAQ:SBAC) by 17.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,590,129 shares of the technology company’s stock after selling 341,279 shares during the period. Deutsche Bank AG owned 1.49% of SBA Communications worth $307,579,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Commonwealth Retirement Investments LLC acquired a new stake in SBA Communications in the fourth quarter valued at approximately $39,000. Cerity Partners LLC boosted its position in SBA Communications by 16.3% in the fourth quarter. Cerity Partners LLC now owns 38,313 shares of the technology company’s stock valued at $7,411,000 after buying an additional 5,374 shares in the last quarter. Clearbridge Investments LLC increased its stake in shares of SBA Communications by 29.9% in the fourth quarter. Clearbridge Investments LLC now owns 384,521 shares of the technology company’s stock valued at $74,378,000 after buying an additional 88,438 shares during the period. Syon Capital LLC lifted its holdings in SBA Communications by 81.3% during the 4th quarter. Syon Capital LLC now owns 4,744 shares of the technology company’s stock worth $918,000 after buying an additional 2,128 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new position in SBA Communications during the 4th quarter worth about $85,000. Institutional investors and hedge funds own 97.35% of the company’s stock.

SBA Communications Trading Up 1.2%

SBA Communications stock opened at $207.33 on Thursday. The firm has a market capitalization of $21.99 billion, a price-to-earnings ratio of 21.82, a price-to-earnings-growth ratio of 2.04 and a beta of 0.99. SBA Communications Corporation has a 1-year low of $162.41 and a 1-year high of $243.16. The firm’s fifty day moving average price is $209.35 and its two-hundred day moving average price is $196.30.

SBA Communications Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Friday, May 22nd will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $5.00 annualized dividend and a dividend yield of 2.4%. SBA Communications’s payout ratio is presently 52.63%.

Analysts Set New Price Targets

Several research analysts have commented on SBAC shares. Weiss Ratings raised SBA Communications from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. Morgan Stanley increased their price objective on shares of SBA Communications from $215.00 to $225.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 9th. Wells Fargo & Company increased their price objective on shares of SBA Communications from $195.00 to $220.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 7th. KeyCorp increased their price objective on shares of SBA Communications from $235.00 to $250.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Finally, Barclays increased their price objective on shares of SBA Communications from $244.00 to $245.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $237.22.

SBA Communications Company 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.