Signaturefd LLC Acquires 126 Shares of SBA Communications Co. (NASDAQ:SBAC)

Signaturefd LLC raised its position in SBA Communications Co. (NASDAQ:SBAC) by 16.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 894 shares of the technology company’s stock after acquiring an additional 126 shares during the quarter. Signaturefd LLC’s holdings in SBA Communications were worth $182,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Evermay Wealth Management LLC bought a new position in SBA Communications in the fourth quarter valued at about $27,000. Oakworth Capital Inc. lifted its holdings in SBA Communications by 161.8% in the fourth quarter. Oakworth Capital Inc. now owns 233 shares of the technology company’s stock valued at $47,000 after acquiring an additional 144 shares during the period. CKW Financial Group bought a new position in SBA Communications in the fourth quarter valued at about $56,000. Versant Capital Management Inc lifted its holdings 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 acquiring an additional 53 shares during the period. Finally, Sherman Asset Management Inc. bought a new position in shares of SBA Communications in the fourth quarter worth about $73,000. Institutional investors own 97.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Barclays raised their price objective on SBA Communications from $240.00 to $244.00 and gave the stock an “overweight” rating in a research note on Friday. Wells Fargo & Company raised their price objective on SBA Communications from $210.00 to $225.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. StockNews.com downgraded SBA Communications from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Citizens Jmp raised SBA Communications to a “strong-buy” rating in a research note on Monday, January 27th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $230.00 price objective (down previously from $260.00) on shares of SBA Communications in a research note on Wednesday, December 18th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, SBA Communications has an average rating of “Moderate Buy” and an average target price of $252.85.

Insider Buying and Selling at SBA Communications

In other SBA Communications news, VP Joshua Koenig sold 2,209 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $224.18, for a total transaction of $495,213.62. Following the completion of the transaction, the vice president now owns 6,079 shares in the company, valued at $1,362,790.22. This trade represents a 26.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.30% of the stock is currently owned by company insiders.

SBA Communications Price Performance

NASDAQ SBAC opened at $221.64 on Friday. The stock has a market capitalization of $23.85 billion, a PE ratio of 34.96, a P/E/G ratio of 0.74 and a beta of 0.74. The business has a 50 day simple moving average of $209.59 and a two-hundred day simple moving average of $220.10. SBA Communications Co. has a 1-year low of $183.64 and a 1-year high of $252.64.

SBA Communications Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a dividend of $1.11 per share. This represents a $4.44 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend is Thursday, March 13th. This is a boost from SBA Communications’s previous quarterly dividend of $0.98. SBA Communications’s dividend payout ratio (DPR) is currently 63.98%.

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.