Cetera Trust Company N.A Acquires 210 Shares of SBA Communications Co. (NASDAQ:SBAC)

Cetera Trust Company N.A raised its holdings in SBA Communications Co. (NASDAQ:SBAC) by 22.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,140 shares of the technology company’s stock after buying an additional 210 shares during the period. Cetera Trust Company N.A’s holdings in SBA Communications were worth $232,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of SBAC. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of SBA Communications by 10.7% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 527 shares of the technology company’s stock worth $127,000 after purchasing an additional 51 shares during the last quarter. Farther Finance Advisors LLC raised its stake in SBA Communications by 32.5% in the third quarter. Farther Finance Advisors LLC now owns 216 shares of the technology company’s stock valued at $52,000 after buying an additional 53 shares during the last quarter. Versant Capital Management Inc raised its stake in SBA Communications by 17.3% in the fourth quarter. Versant Capital Management Inc now owns 360 shares of the technology company’s stock valued at $73,000 after buying an additional 53 shares during the last quarter. Sugarloaf Wealth Management LLC raised its stake in SBA Communications by 11.6% in the third quarter. Sugarloaf Wealth Management LLC now owns 558 shares of the technology company’s stock valued at $134,000 after buying an additional 58 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in SBA Communications by 1.4% in the third quarter. Assenagon Asset Management S.A. now owns 4,512 shares of the technology company’s stock valued at $1,086,000 after buying an additional 64 shares during the last quarter. Institutional investors own 97.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on SBAC shares. KeyCorp increased their price target on SBA Communications from $230.00 to $280.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. BMO Capital Markets reissued a “market perform” rating and issued a $230.00 price objective (down from $260.00) on shares of SBA Communications in a report on Wednesday, December 18th. The Goldman Sachs Group increased their price objective on SBA Communications from $212.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, September 26th. Barclays cut their price objective on SBA Communications from $257.00 to $254.00 and set an “overweight” rating on the stock in a report on Monday, January 13th. Finally, Raymond James increased their price objective on SBA Communications from $285.00 to $300.00 and gave the company a “strong-buy” rating in a report on Tuesday, October 29th. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $254.77.

Insider Transactions at SBA Communications

In related news, EVP Mark R. Ciarfella sold 3,545 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $224.33, for a total value of $795,249.85. Following the sale, the executive vice president now directly owns 33,588 shares of the company’s stock, valued at $7,534,796.04. This represents a 9.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Donald Day sold 2,321 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $203.43, for a total transaction of $472,161.03. Following the sale, the executive vice president now directly owns 4,998 shares in the company, valued at $1,016,743.14. This trade represents a 31.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

SBA Communications Price Performance

Shares of NASDAQ:SBAC opened at $200.55 on Wednesday. The stock has a market cap of $21.56 billion, a P/E ratio of 31.63, a P/E/G ratio of 0.73 and a beta of 0.69. The firm has a fifty day moving average price of $210.67 and a 200 day moving average price of $221.77. SBA Communications Co. has a 1-year low of $183.64 and a 1-year high of $252.64.

SBA Communications (NASDAQ:SBAC) last announced its quarterly earnings data on Monday, October 28th. The technology company reported $2.40 EPS for the quarter, missing analysts’ consensus estimates of $3.17 by ($0.77). The firm had revenue of $667.60 million for the quarter, compared to analysts’ expectations of $669.29 million. SBA Communications had a negative return on equity of 13.13% and a net margin of 25.76%. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.34 EPS. Sell-side analysts expect that SBA Communications Co. will post 12.57 EPS for the current fiscal year.

SBA Communications Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 14th were issued a dividend of $0.98 per share. The ex-dividend date was Thursday, November 14th. This represents a $3.92 annualized dividend and a yield of 1.95%. SBA Communications’s dividend payout ratio (DPR) is currently 61.83%.

SBA Communications Profile

SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure including towers, buildings, rooftops, distributed antenna systems (DAS) and small cells. With a portfolio of more than 39,000 communications sites throughout the Americas, Africa and in Asia, SBA is listed on NASDAQ under the symbol SBAC.