Universal Beteiligungs und Servicegesellschaft mbH Reduces Holdings in SBA Communications Corporation $SBAC

Universal Beteiligungs und Servicegesellschaft mbH reduced its position in SBA Communications Corporation (NASDAQ:SBAC) by 10.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 75,302 shares of the technology company’s stock after selling 8,695 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.07% of SBA Communications worth $14,560,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in SBAC. Chicago Partners Investment Group LLC increased its position in SBA Communications by 16.5% during the third quarter. Chicago Partners Investment Group LLC now owns 2,984 shares of the technology company’s stock worth $577,000 after buying an additional 423 shares during the period. Sage Mountain Advisors LLC boosted its holdings in shares of SBA Communications by 18.6% in the third quarter. Sage Mountain Advisors LLC now owns 2,184 shares of the technology company’s stock valued at $422,000 after acquiring an additional 342 shares during the period. Inscription Capital LLC grew its position in shares of SBA Communications by 208.6% during the third quarter. Inscription Capital LLC now owns 4,897 shares of the technology company’s stock worth $947,000 after acquiring an additional 3,310 shares during the last quarter. Allstate Corp acquired a new position in shares of SBA Communications in the 3rd quarter valued at $775,000. Finally, Maryland State Retirement & Pension System increased its holdings in shares of SBA Communications by 2.8% in the 3rd quarter. Maryland State Retirement & Pension System now owns 104,940 shares of the technology company’s stock valued at $20,290,000 after acquiring an additional 2,887 shares during the period. 97.35% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on SBAC shares. Barclays decreased their price target on shares of SBA Communications from $219.00 to $212.00 and set an “overweight” rating for the company in a research note on Monday, December 1st. Wells Fargo & Company reduced their target price on shares of SBA Communications from $215.00 to $205.00 and set an “equal weight” rating for the company in a report on Tuesday, December 16th. Morgan Stanley decreased their target price on shares of SBA Communications from $260.00 to $220.00 and set an “equal weight” rating for the company in a research note on Thursday, October 16th. 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. Finally, Citigroup reduced their price objective on SBA Communications from $265.00 to $235.00 and set a “buy” rating for the company in a research note on Thursday, October 16th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $235.18.

SBA Communications Stock Up 1.0%

Shares of SBA Communications stock opened at $187.16 on Friday. The firm has a market cap of $19.94 billion, a price-to-earnings ratio of 24.40, a price-to-earnings-growth ratio of 1.74 and a beta of 0.87. SBA Communications Corporation has a 52-week low of $179.89 and a 52-week high of $245.16. The company’s 50-day simple moving average is $190.83 and its 200-day simple moving average is $201.86.

SBA Communications (NASDAQ:SBAC) last announced its quarterly earnings data on Monday, November 3rd. The technology company reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $3.21 by $0.09. SBA Communications had a negative return on equity of 16.60% and a net margin of 29.69%.The company had revenue of $732.33 million for the quarter, compared to analyst estimates of $715.65 million. During the same quarter in the previous year, the company earned $3.32 EPS. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. Equities research analysts anticipate that SBA Communications Corporation will post 12.57 EPS for the current year.

SBA Communications Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 11th. Investors of record on Thursday, November 13th were issued a dividend of $1.11 per share. This represents a $4.44 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Thursday, November 13th. SBA Communications’s dividend payout ratio is currently 57.89%.

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.