BNP Paribas Financial Markets Has $38.08 Million Stock Position in SBA Communications Corporation $SBAC

BNP Paribas Financial Markets lifted its stake in SBA Communications Corporation (NASDAQ:SBAC) by 20.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 196,879 shares of the technology company’s stock after purchasing an additional 32,865 shares during the quarter. BNP Paribas Financial Markets’ holdings in SBA Communications were worth $38,082,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Fortune Financial Advisors LLC boosted its position in shares of SBA Communications by 2.4% in the 3rd quarter. Fortune Financial Advisors LLC now owns 2,237 shares of the technology company’s stock valued at $432,000 after purchasing an additional 53 shares during the period. Prestige Wealth Management Group LLC lifted its stake in SBA Communications by 3.6% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 1,715 shares of the technology company’s stock worth $332,000 after acquiring an additional 60 shares in the last quarter. Choreo LLC lifted its stake in SBA Communications by 1.1% in the 3rd quarter. Choreo LLC now owns 6,047 shares of the technology company’s stock worth $1,169,000 after acquiring an additional 63 shares in the last quarter. Norinchukin Bank The lifted its stake in SBA Communications by 1.1% in the 3rd quarter. Norinchukin Bank The now owns 6,037 shares of the technology company’s stock worth $1,167,000 after acquiring an additional 68 shares in the last quarter. Finally, Larson Financial Group LLC lifted its stake in SBA Communications by 47.6% in the 4th quarter. Larson Financial Group LLC now owns 248 shares of the technology company’s stock worth $48,000 after acquiring an additional 80 shares in the last quarter. Institutional investors and hedge funds own 97.35% of the company’s stock.

SBA Communications Price Performance

SBAC opened at $196.58 on Thursday. The company has a market capitalization of $20.85 billion, a PE ratio of 20.69, a price-to-earnings-growth ratio of 1.96 and a beta of 0.99. The business has a 50-day moving average of $205.48 and a 200-day moving average of $195.97. SBA Communications Corporation has a fifty-two week low of $162.41 and a fifty-two week high of $243.16.

SBA Communications Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Friday, May 22nd will be issued a $1.25 dividend. The ex-dividend date is Friday, May 22nd. This represents a $5.00 dividend on an annualized basis and a yield of 2.5%. SBA Communications’s dividend payout ratio is currently 52.63%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on SBAC shares. Royal Bank Of Canada increased their price objective on SBA Communications from $215.00 to $220.00 and gave the stock an “outperform” rating in a research note on Monday, March 2nd. Barclays increased their price objective on SBA Communications from $244.00 to $245.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Wells Fargo & Company increased their price objective on SBA Communications from $195.00 to $220.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 7th. Sanford C. Bernstein started coverage on SBA Communications in a research note on Thursday, March 5th. They issued a “market perform” rating and a $218.00 price objective for the company. Finally, Morgan Stanley increased their price objective on SBA Communications from $215.00 to $225.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, SBA Communications has a consensus 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.