SBA Communications (NASDAQ:SBAC) Director George Krouse, Jr. Sells 300 Shares of Stock

SBA Communications Corporation (NASDAQ:SBAC) Director George Krouse, Jr. sold 300 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $182.67, for a total value of $54,801.00. Following the completion of the sale, the director directly owned 8,512 shares of the company’s stock, valued at approximately $1,554,887.04. This trade represents a 3.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

SBA Communications Stock Performance

Shares of SBAC stock traded up $1.03 on Wednesday, reaching $182.43. 479,915 shares of the company’s stock traded hands, compared to its average volume of 1,058,620. The company has a market capitalization of $19.35 billion, a P/E ratio of 19.66, a price-to-earnings-growth ratio of 1.85 and a beta of 0.99. SBA Communications Corporation has a 12-month low of $162.41 and a 12-month high of $225.33. The business’s 50 day moving average price is $184.14 and its two-hundred day moving average price is $194.21.

SBA Communications (NASDAQ:SBAC) last announced its quarterly earnings data on Monday, August 3rd. The technology company reported $1.87 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.02. SBA Communications had a negative return on equity of 20.67% and a net margin of 34.51%.The firm had revenue of $715.27 million during the quarter, compared to analyst estimates of $706.01 million. During the same period last year, the company posted $3.17 EPS. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. Research analysts predict that SBA Communications Corporation will post 11.41 earnings per share for the current year.

SBA Communications Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, August 20th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Thursday, August 20th. SBA Communications’s dividend payout ratio (DPR) is currently 53.88%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SBAC. J. Safra Sarasin Holding AG increased its stake in SBA Communications by 4.0% in the first quarter. J. Safra Sarasin Holding AG now owns 1,596 shares of the technology company’s stock valued at $275,000 after purchasing an additional 62 shares in the last quarter. CX Institutional grew its stake in shares of SBA Communications by 44.2% in the 2nd quarter. CX Institutional now owns 212 shares of the technology company’s stock valued at $37,000 after buying an additional 65 shares during the period. Norinchukin Bank The grew its stake in shares of SBA Communications by 1.1% in the 3rd quarter. Norinchukin Bank The now owns 6,037 shares of the technology company’s stock valued at $1,167,000 after buying an additional 68 shares during the period. GAMMA Investing LLC increased its position in SBA Communications by 5.7% in the 2nd quarter. GAMMA Investing LLC now owns 1,289 shares of the technology company’s stock valued at $227,000 after buying an additional 70 shares in the last quarter. Finally, Larson Financial Group LLC raised its stake in SBA Communications by 47.6% during the 4th quarter. Larson Financial Group LLC now owns 248 shares of the technology company’s stock worth $48,000 after buying an additional 80 shares during the period. Institutional investors own 97.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on SBAC shares. TD Cowen reiterated a “buy” rating on shares of SBA Communications in a research report on Tuesday, August 4th. Barclays upped their price target on shares of SBA Communications from $244.00 to $245.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Citigroup reiterated a “market perform” rating on shares of SBA Communications in a report on Tuesday, August 4th. Wells Fargo & Company upgraded SBA Communications from an “equal weight” rating to an “overweight” rating and lowered their target price for the company from $220.00 to $210.00 in a research note on Friday, July 17th. Finally, Wolfe Research raised SBA Communications from a “hold” rating to an “outperform” rating in a research report on Tuesday, August 4th. Eight investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $228.12.

About SBA Communications

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.