SBA Communications Corporation $SBAC Shares Sold by Candriam S.C.A.

Candriam S.C.A. lessened its stake in shares of SBA Communications Corporation (NASDAQ:SBAC) by 66.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 3,752 shares of the technology company’s stock after selling 7,551 shares during the quarter. Candriam S.C.A.’s holdings in SBA Communications were worth $603,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Arrowstreet Capital Limited Partnership lifted its position in SBA Communications by 47.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,615,054 shares of the technology company’s stock valued at $277,967,000 after acquiring an additional 522,442 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in SBA Communications by 3.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,612,785 shares of the technology company’s stock valued at $277,567,000 after acquiring an additional 46,620 shares in the last quarter. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of SBA Communications during the second quarter worth about $228,367,000. Bank of America Corp DE grew its holdings in shares of SBA Communications by 41.7% during the first quarter. Bank of America Corp DE now owns 1,005,366 shares of the technology company’s stock worth $173,033,000 after purchasing an additional 295,727 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in shares of SBA Communications by 7.1% during the first quarter. Sei Investments Co. now owns 672,105 shares of the technology company’s stock worth $115,673,000 after purchasing an additional 44,586 shares during the last quarter. Institutional investors and hedge funds own 97.35% of the company’s stock.

SBA Communications News Roundup

Investors following SBAC have been watching these news items:

• 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
• Negative Sentiment: KeyCorp’s 2027 full-year EPS estimate of $11.25 is below its $11.50 forecast for 2026, suggesting slightly lower earnings in the following year. SBA Communications estimates

Insider Buying and Selling

In other SBA Communications news, Director George R. Krouse, Jr. sold 300 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were 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 of the company’s stock, valued at $1,554,887.04. This trade represents a 3.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 9.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SBAC. Citigroup reissued a “market outperform” rating on shares of SBA Communications in a report on Tuesday, November 3rd. UBS Group downgraded SBA Communications from a “market perform” rating to a “hold” rating in a research note on Monday, August 24th. BMO Capital Markets reaffirmed a “market perform” rating on shares of SBA Communications in a research report on Monday, August 24th. Wells Fargo & Company set a $200.00 price objective on SBA Communications in a research note on Tuesday, November 3rd. Finally, JPMorgan Chase & Co. decreased their price objective on SBA Communications from $220.00 to $200.00 and set a “neutral” rating for the company in a report on Tuesday, November 3rd. Nine equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $224.64.

SBA Communications Trading Down 0.7%

Shares of SBAC stock opened at $190.03 on Thursday. The company has a market cap of $20.16 billion, a price-to-earnings ratio of 15.41, a price-to-earnings-growth ratio of 1.91 and a beta of 0.97. The stock has a 50 day simple moving average of $179.85 and a 200-day simple moving average of $190.06. SBA Communications Corporation has a 12-month low of $156.60 and a 12-month high of $224.46.

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

SBA Communications Dividend Announcement

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

About SBA Communications

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.