Schroder Investment Management Group Has $26.01 Million Stock Holdings in SBA Communications Corporation $SBAC

Schroder Investment Management Group lowered its stake in SBA Communications Corporation (NASDAQ:SBAC) by 5.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 132,648 shares of the technology company’s stock after selling 7,394 shares during the period. Schroder Investment Management Group owned 0.12% of SBA Communications worth $26,012,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Quent Capital LLC acquired a new position in shares of SBA Communications in the third quarter valued at approximately $27,000. Geneos Wealth Management Inc. boosted its position in SBA Communications by 105.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 164 shares of the technology company’s stock worth $36,000 after buying an additional 84 shares during the period. SJS Investment Consulting Inc. acquired a new stake in SBA Communications during the 3rd quarter worth approximately $48,000. Center for Financial Planning Inc. bought a new stake in SBA Communications during the 3rd quarter worth approximately $50,000. Finally, Allworth Financial LP grew its holdings in SBA Communications by 67.9% during the 2nd quarter. Allworth Financial LP now owns 272 shares of the technology company’s stock worth $64,000 after acquiring an additional 110 shares during the last quarter. Institutional investors own 97.35% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on SBAC shares. JPMorgan Chase & Co. decreased their price objective on SBA Communications from $245.00 to $240.00 and set a “neutral” rating for the company in a report on Monday, January 12th. Barclays reduced their price target on SBA Communications from $219.00 to $212.00 and set an “overweight” rating on the stock in a research report on Monday, December 1st. UBS Group lowered their price objective on SBA Communications from $275.00 to $260.00 and set a “buy” rating for the company in a research report on Tuesday, January 20th. Sanford C. Bernstein initiated coverage on SBA Communications in a research note on Thursday, March 5th. They issued a “market perform” rating and a $218.00 price objective on the stock. Finally, Royal Bank Of Canada upped their target price on SBA Communications from $215.00 to $220.00 and gave the company an “outperform” rating in a report on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $232.17.

SBA Communications Price Performance

Shares of SBA Communications stock opened at $184.73 on Friday. The business has a 50-day simple moving average of $190.91 and a 200 day simple moving average of $193.68. SBA Communications Corporation has a one year low of $177.49 and a one year high of $245.16. The firm has a market capitalization of $19.68 billion, a price-to-earnings ratio of 19.38, a PEG ratio of 1.87 and a beta of 0.86.

SBA Communications (NASDAQ:SBAC) last released its quarterly earnings data on Thursday, February 26th. The technology company reported $3.47 earnings per share for the quarter, topping the consensus estimate of $3.25 by $0.22. SBA Communications had a net margin of 36.40% and a negative return on equity of 20.81%. The firm had revenue of $719.58 million for the quarter, compared to the consensus estimate of $725.80 million. During the same quarter in the prior year, the company posted $3.47 earnings per share. The business’s revenue was up 3.7% on a year-over-year basis. On average, sell-side analysts expect that SBA Communications Corporation will post 12.57 EPS for the current year.

SBA Communications Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be issued a $1.25 dividend. This is a boost from SBA Communications’s previous quarterly dividend of $1.11. This represents a $5.00 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, March 13th. SBA Communications’s dividend payout ratio is currently 46.59%.

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.