SBA Communications Co. (NASDAQ:SBAC) Shares Acquired by Natixis

Natixis boosted its position in SBA Communications Co. (NASDAQ:SBAC - Free Report) by 398.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 68,923 shares of the technology company's stock after buying an additional 55,099 shares during the quarter. Natixis owned approximately 0.06% of SBA Communications worth $14,047,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SBAC. Dodge & Cox increased its holdings in shares of SBA Communications by 352.5% in the 4th quarter. Dodge & Cox now owns 7,346,255 shares of the technology company's stock valued at $1,497,167,000 after acquiring an additional 5,722,740 shares during the last quarter. Norges Bank acquired a new position in SBA Communications in the fourth quarter worth $268,287,000. Wealthfront Advisers LLC increased its stake in SBA Communications by 23,553.0% during the fourth quarter. Wealthfront Advisers LLC now owns 1,126,828 shares of the technology company's stock valued at $229,648,000 after purchasing an additional 1,122,064 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of SBA Communications by 16.6% during the third quarter. JPMorgan Chase & Co. now owns 4,254,460 shares of the technology company's stock worth $1,024,049,000 after purchasing an additional 605,872 shares during the period. Finally, Victory Capital Management Inc. lifted its position in shares of SBA Communications by 46.5% in the 4th quarter. Victory Capital Management Inc. now owns 1,781,231 shares of the technology company's stock worth $363,015,000 after buying an additional 565,137 shares during the last quarter. Institutional investors and hedge funds own 97.35% of the company's stock.

Insiders Place Their Bets

In other news, VP Joshua Koenig sold 2,209 shares of the firm's stock in a transaction 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 sale, the vice president now directly owns 6,079 shares of the company's stock, valued at $1,362,790.22. This trade represents a 26.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

SBAC has been the topic of several research reports. Citizens Jmp upgraded shares of SBA Communications to a "strong-buy" rating in a research note on Monday, January 27th. StockNews.com downgraded SBA Communications from a "buy" rating to a "hold" rating in a report on Friday. Barclays boosted their price objective on SBA Communications from $240.00 to $244.00 and gave the company an "overweight" rating in a research report on Friday, March 21st. Royal Bank of Canada reiterated an "outperform" rating and issued a $255.00 target price on shares of SBA Communications in a research note on Monday, February 24th. Finally, Wells Fargo & Company upped their price target on shares of SBA Communications from $210.00 to $225.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 26th. Six equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $251.92.

SBA Communications Stock Up 1.5 %

NASDAQ:SBAC opened at $229.06 on Friday. SBA Communications Co. has a 52-week low of $183.64 and a 52-week high of $252.64. The firm has a market cap of $24.65 billion, a P/E ratio of 36.13, a PEG ratio of 0.74 and a beta of 0.83. The business's 50-day moving average price is $217.30 and its 200 day moving average price is $216.98.

SBA Communications Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a dividend of $1.11 per share. This represents a $4.44 dividend on an annualized basis and a yield of 1.94%. This is a boost from SBA Communications's previous quarterly dividend of $0.98. The ex-dividend date of this dividend was Thursday, March 13th. SBA Communications's dividend payout ratio (DPR) is presently 63.98%.

About SBA Communications

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.

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