SG Americas Securities LLC Has $80.88 Million Stake in SBA Communications Corporation $SBAC

SG Americas Securities LLC lifted its position in shares of SBA Communications Corporation (NASDAQ:SBAC) by 170.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 469,911 shares of the technology company’s stock after buying an additional 296,231 shares during the quarter. SG Americas Securities LLC owned about 0.44% of SBA Communications worth $80,876,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of SBAC. Dodge & Cox boosted its stake in SBA Communications by 24.1% during the fourth quarter. Dodge & Cox now owns 11,996,134 shares of the technology company’s stock worth $2,320,412,000 after acquiring an additional 2,328,837 shares in the last quarter. State Street Corp raised its stake in SBA Communications by 3.3% during the 4th quarter. State Street Corp now owns 4,911,615 shares of the technology company’s stock worth $950,054,000 after buying an additional 158,738 shares during the period. Geode Capital Management LLC grew its stake in SBA Communications by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 3,085,112 shares of the technology company’s stock valued at $594,655,000 after acquiring an additional 16,153 shares during the period. Diamond Hill Capital Management Inc. lifted its holdings in shares of SBA Communications by 9.7% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 2,034,920 shares of the technology company’s stock worth $393,615,000 after purchasing an additional 179,591 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in SBA Communications by 0.5% during the fourth quarter. Invesco Ltd. now owns 1,815,032 shares of the technology company’s stock worth $351,082,000 after buying an additional 9,656 shares during the last quarter. 97.35% of the stock is currently owned by institutional investors and hedge funds.

SBA Communications Trading Up 0.4%

Shares of NASDAQ SBAC opened at $187.59 on Tuesday. The firm has a market capitalization of $19.90 billion, a PE ratio of 19.75, a price-to-earnings-growth ratio of 1.87 and a beta of 0.99. The firm has a fifty day simple moving average of $208.26 and a two-hundred day simple moving average of $196.38. SBA Communications Corporation has a 12 month low of $162.41 and a 12 month high of $243.16.

SBA Communications Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Friday, May 22nd were issued a $1.25 dividend. The ex-dividend date was Friday, May 22nd. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.7%. SBA Communications’s payout ratio is 52.63%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Weiss Ratings raised SBA Communications from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, April 22nd. Scotiabank boosted their price target on shares of SBA Communications from $223.00 to $230.00 and gave the company a “sector perform” rating in a research report on Friday, May 1st. KeyCorp lifted their price objective on SBA Communications from $235.00 to $250.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Royal Bank Of Canada boosted their price objective on SBA Communications from $215.00 to $220.00 and gave the stock an “outperform” rating in a report on Monday, March 2nd. Finally, Wells Fargo & Company raised their price objective on shares of SBA Communications from $195.00 to $220.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $237.22.

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.