SBA Communications Co. (NASDAQ:SBAC) Shares Purchased by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC grew its holdings in shares of SBA Communications Co. (NASDAQ:SBAC) by 48.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,047 shares of the technology company’s stock after purchasing an additional 670 shares during the period. Steward Partners Investment Advisory LLC’s holdings in SBA Communications were worth $417,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of SBAC. Ashton Thomas Securities LLC acquired a new stake in SBA Communications in the 3rd quarter valued at about $26,000. Evermay Wealth Management LLC acquired a new position in SBA Communications in the fourth quarter worth approximately $27,000. Farther Finance Advisors LLC grew its holdings in SBA Communications by 32.5% during the third quarter. Farther Finance Advisors LLC now owns 216 shares of the technology company’s stock valued at $52,000 after purchasing an additional 53 shares during the last quarter. Oakworth Capital Inc. grew its holdings in SBA Communications by 161.8% during the fourth quarter. Oakworth Capital Inc. now owns 233 shares of the technology company’s stock valued at $47,000 after purchasing an additional 144 shares during the last quarter. Finally, CKW Financial Group acquired a new stake in shares of SBA Communications in the fourth quarter worth $56,000. Institutional investors own 97.35% of the company’s stock.

SBA Communications Trading Down 0.9 %

Shares of SBAC stock opened at $214.56 on Friday. The business’s 50-day moving average price is $206.87 and its 200-day moving average price is $220.44. SBA Communications Co. has a 12 month low of $183.64 and a 12 month high of $252.64. The firm has a market capitalization of $23.09 billion, a price-to-earnings ratio of 33.84, a PEG ratio of 0.74 and a beta of 0.74.

SBA Communications Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be paid a dividend of $1.11 per share. This represents a $4.44 dividend on an annualized basis and a dividend yield of 2.07%. This is a positive change from SBA Communications’s previous quarterly dividend of $0.98. The ex-dividend date is Thursday, March 13th. SBA Communications’s dividend payout ratio (DPR) is presently 63.98%.

Insider Transactions at SBA Communications

In other SBA Communications news, EVP Donald Day sold 2,321 shares of SBA Communications stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $203.43, for a total value of $472,161.03. Following the completion of the sale, the executive vice president now directly owns 4,998 shares in the company, valued at approximately $1,016,743.14. The trade was a 31.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Joshua Koenig sold 2,209 shares of the business’s stock in a transaction that occurred 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 sale, the vice president now owns 6,079 shares of the company’s stock, valued at approximately $1,362,790.22. This represents a 26.65 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

SBAC has been the topic of a number of recent research reports. Wells Fargo & Company lifted their price target on shares of SBA Communications from $210.00 to $225.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. Citizens Jmp raised SBA Communications to a “strong-buy” rating in a research note on Monday, January 27th. JMP Securities started coverage on SBA Communications in a research note on Monday, January 27th. They issued an “outperform” rating and a $250.00 price target for the company. BMO Capital Markets reiterated a “market perform” rating and issued a $230.00 price objective (down from $260.00) on shares of SBA Communications in a research report on Wednesday, December 18th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $255.00 price target on shares of SBA Communications in a research report on Monday, February 24th. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $252.54.

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.