Fieldview Capital Management LLC Buys Shares of 3,365 SBA Communications Corporation $SBAC

Fieldview Capital Management LLC bought a new stake in SBA Communications Corporation (NASDAQ:SBAC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,365 shares of the technology company’s stock, valued at approximately $651,000.

A number of other institutional investors also recently bought and sold shares of SBAC. Jones Financial Companies Lllp lifted its holdings in SBA Communications by 272.8% in the first quarter. Jones Financial Companies Lllp now owns 753 shares of the technology company’s stock valued at $166,000 after acquiring an additional 551 shares during the period. Empowered Funds LLC lifted its holdings in SBA Communications by 12.6% in the first quarter. Empowered Funds LLC now owns 2,041 shares of the technology company’s stock valued at $449,000 after acquiring an additional 229 shares during the period. Focus Partners Wealth lifted its holdings in SBA Communications by 9.0% in the first quarter. Focus Partners Wealth now owns 3,236 shares of the technology company’s stock valued at $712,000 after acquiring an additional 266 shares during the period. Geneos Wealth Management Inc. lifted its holdings in SBA Communications by 105.0% in the first quarter. Geneos Wealth Management Inc. now owns 164 shares of the technology company’s stock valued at $36,000 after acquiring an additional 84 shares during the period. Finally, First Trust Advisors LP lifted its holdings in SBA Communications by 11.3% in the second quarter. First Trust Advisors LP now owns 94,692 shares of the technology company’s stock valued at $22,238,000 after acquiring an additional 9,617 shares during the period. Institutional investors own 97.35% of the company’s stock.

SBA Communications Trading Down 4.4%

NASDAQ:SBAC opened at $195.82 on Tuesday. SBA Communications Corporation has a 12-month low of $162.41 and a 12-month high of $243.16. The stock has a 50-day moving average price of $210.48 and a 200 day moving average price of $196.46. The stock has a market capitalization of $20.77 billion, a P/E ratio of 20.61, a P/E/G ratio of 2.04 and a beta of 0.99.

SBA Communications Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Friday, May 22nd will be given a dividend of $1.25 per share. The ex-dividend date is Friday, May 22nd. This represents a $5.00 annualized dividend and a dividend yield of 2.6%. SBA Communications’s dividend payout ratio (DPR) is currently 52.63%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on SBAC shares. Truist Financial reissued a “buy” rating and issued a $248.00 target price (up from $247.00) on shares of SBA Communications in a report on Tuesday, May 5th. Sanford C. Bernstein started coverage on SBA Communications in a report on Thursday, March 5th. They issued a “market perform” rating and a $218.00 target price on the stock. KeyCorp increased their target price on SBA Communications from $235.00 to $250.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Barclays increased their target price on SBA Communications from $244.00 to $245.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Finally, Morgan Stanley upped their price target on SBA Communications from $215.00 to $225.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average 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.