SBA Communications Corporation $SBAC Holdings Lowered by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System decreased its position in SBA Communications Corporation (NASDAQ:SBAC) by 7.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 97,649 shares of the technology company’s stock after selling 8,136 shares during the period. Maryland State Retirement & Pension System’s holdings in SBA Communications were worth $15,636,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in SBAC. Plato Investment Management Ltd purchased a new stake in SBA Communications in the 2nd quarter valued at approximately $1,011,000. Nykredit A S purchased a new position in shares of SBA Communications during the 2nd quarter worth approximately $7,298,000. Headlands Technologies LLC raised its stake in shares of SBA Communications by 303.5% during the 2nd quarter. Headlands Technologies LLC now owns 8,728 shares of the technology company’s stock worth $1,540,000 after buying an additional 6,565 shares in the last quarter. Delta Global Management LP acquired a new stake in shares of SBA Communications in the 1st quarter valued at approximately $2,162,000. Finally, Greenland Capital Management LP acquired a new stake in shares of SBA Communications in the 2nd quarter valued at approximately $2,294,000. Hedge funds and other institutional investors own 97.35% of the company’s stock.

Insider Transactions at SBA Communications

In other SBA Communications news, Director George R. Krouse, Jr. sold 300 shares of the business’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $182.67, for a total transaction of $54,801.00. Following the sale, the director directly owned 8,512 shares in the company, valued at approximately $1,554,887.04. The trade was a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 9.50% of the company’s stock.

Analyst Upgrades and Downgrades

SBAC has been the topic of a number of analyst reports. Raymond James Financial restated an “outperform” rating and issued a $271.00 price target on shares of SBA Communications in a research note on Monday, October 5th. Wolfe Research upgraded SBA Communications from a “hold” rating to an “outperform” rating in a research report on Tuesday, August 4th. Weiss Ratings raised SBA Communications from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 15th. Truist Financial reduced their target price on SBA Communications from $238.00 to $235.00 and set a “buy” rating for the company in a report on Wednesday, November 4th. Finally, Barclays decreased their target price on shares of SBA Communications from $208.00 to $207.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 30th. Nine analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $224.64.

Top SBA Communications Stories

Here are a few of the latest stories about SBAC:

• Positive Sentiment: KeyCorp projects 2026 earnings of $11.50 per share, slightly above the $11.45 consensus estimate. SBA Communications estimates
• Neutral Sentiment: KeyCorp estimates fourth-quarter 2026 EPS of $2.81 and quarterly 2027 EPS of $2.72 to $2.89. These are analyst forecasts, not reported results. SBA Communications estimates
• Neutral Sentiment: A short-interest report says the total was zero shares as of November 10, despite describing it as a large increase; the figures provide no clear evidence of meaningful short-selling pressure. SBA Communications short interest

SBA Communications Trading Down 0.7%

Shares of SBA Communications stock opened at $190.03 on Thursday. The company has a 50-day moving average of $179.85 and a two-hundred day moving average of $190.06. SBA Communications Corporation has a 12-month low of $156.60 and a 12-month high of $224.46. The stock has a market cap of $20.16 billion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 1.91 and a beta of 0.97.

SBA Communications (NASDAQ:SBAC) last announced its quarterly earnings results on Monday, November 2nd. The technology company reported $2.19 EPS for the quarter, topping the consensus estimate of $2.09 by $0.10. The business had revenue of $713.92 million for the quarter, compared to analyst estimates of $724.07 million. SBA Communications had a negative return on equity of 20.67% and a net margin of 34.54%. The company’s quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.30 EPS. On average, sell-side analysts forecast that SBA Communications Corporation will post 11.46 EPS for the current fiscal year.

SBA Communications Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Thursday, November 12th will be issued a dividend of $1.25 per share. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $5.00 annualized dividend and a yield of 2.6%. SBA Communications’s payout ratio is currently 53.94%.

SBA Communications Company Profile

SBA Communications is a real estate investment trust that owns and operates wireless communications infrastructure. Its primary business is leasing space on its communications towers and other sites to wireless carriers and other customers that need to install network equipment. The company also provides site development services, including helping customers identify, acquire, construct and manage locations for wireless infrastructure. Founded in 1989, SBA serves customers in the United States and several international markets, including countries in Central and South America and Africa.