Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of SBA Communications Co. NASDAQ: SBAC. In a filing disclosed on April 09th, the Representative disclosed that they had bought between $1,001 and $15,000 in SBA Communications stock on March 11th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT #2" account.
Representative Robert Bresnahan, Jr. also recently made the following trade(s):
- Purchased $1,001 - $15,000 in shares of Cadence Design Systems NASDAQ: CDNS on 3/17/2025.
- Purchased $1,001 - $15,000 in shares of ServiceNow NYSE: NOW on 3/13/2025.
- Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 3/13/2025.
- Purchased $1,001 - $15,000 in shares of SEA NYSE: SE on 3/11/2025.
- Sold $1,001 - $15,000 in shares of Reddit NYSE: RDDT on 3/11/2025.
- Sold $1,001 - $15,000 in shares of Robinhood Markets NASDAQ: HOOD on 3/11/2025.
- Sold $1,001 - $15,000 in shares of Oracle NYSE: ORCL on 3/11/2025.
- Purchased $1,001 - $15,000 in shares of International Business Machines NYSE: IBM on 3/11/2025.
- Sold $1,001 - $15,000 in shares of Tesla NASDAQ: TSLA on 3/11/2025.
- Sold $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 3/11/2025.
SBA Communications Stock Performance
SBA Communications stock traded up $1.19 during trading on Wednesday, reaching $226.06. 24,820 shares of the company's stock were exchanged, compared to its average volume of 889,267. The company's 50-day moving average is $216.05 and its two-hundred day moving average is $217.26. 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 $24.33 billion, a price-to-earnings ratio of 35.65, a PEG ratio of 0.74 and a beta of 0.83.
SBA Communications Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were paid a $1.11 dividend. This represents a $4.44 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date was Thursday, March 13th. This is an increase from SBA Communications's previous quarterly dividend of $0.98. SBA Communications's dividend payout ratio (DPR) is currently 63.98%.
Insider Activity
In related news, VP Joshua Koenig sold 2,209 shares of the business'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. The trade was a 26.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.30% of the company's stock.
Wall Street Analysts Forecast Growth
SBAC has been the subject of a number of recent research reports. 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. Wells Fargo & Company lifted their price objective on shares of SBA Communications from $210.00 to $225.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 26th. Citizens Jmp upgraded shares of SBA Communications to a "strong-buy" rating in a research note on Monday, January 27th. BMO Capital Markets reaffirmed a "market perform" rating and set a $230.00 price target (down previously from $260.00) on shares of SBA Communications in a research note on Wednesday, December 18th. Finally, JMP Securities began coverage on shares of SBA Communications in a research report on Monday, January 27th. They issued an "outperform" rating and a $250.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, SBA Communications has a consensus rating of "Moderate Buy" and an average price target of $251.92.
View Our Latest Stock Report on SBAC
Institutional Investors Weigh In On SBA Communications
Institutional investors and hedge funds have recently made changes to their positions in the company. Evermay Wealth Management LLC acquired a new stake in shares of SBA Communications during the fourth quarter worth $27,000. Independence Bank of Kentucky bought a new stake in shares of SBA Communications during the 1st quarter valued at about $28,000. Graney & King LLC acquired a new stake in SBA Communications during the fourth quarter worth about $29,000. NBC Securities Inc. lifted its holdings in SBA Communications by 1,575.0% in the first quarter. NBC Securities Inc. now owns 201 shares of the technology company's stock worth $44,000 after acquiring an additional 189 shares during the last quarter. Finally, Oakworth Capital Inc. boosted its stake 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. 97.35% of the stock is owned by institutional investors and hedge funds.
About Representative Bresnahan
Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election.
Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.
About SBA Communications
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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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