* **Massachusetts Financial Services Co.
Get SBA Communications alerts: Analysts Set New Price Targets A number of brokerages recently issued reports on SBAC. Royal Bank of Canada lifted their price objective on shares of SBA Communications from $235.00 to $245.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. StockNews.com cut shares of SBA Communications from a “buy” rating to a “hold” rating in a research note on Thursday, September 12th. Wells Fargo & Company cut shares of SBA Communications from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $230.00 to $220.00 in a research note on Monday, July 15th. KeyCorp lifted their price objective on shares of SBA Communications from $227.00 to $230.00 and gave the company an “overweight” rating in a research note on Tuesday, July 30th. Finally, The Goldman Sachs Group began coverage on shares of SBA Communications in a research note on Monday, July 1st. They issued a “neutral” rating and a $212.00 price objective on the stock. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $237.92.
* **SBA Communications: Steady Growth in a Dynamic Industry**
* **Wireless Infrastructure:
The company’s stock price has been relatively stable over the past year, with a slight upward trend. SBA Communications is a leading provider of wireless infrastructure solutions. They offer a wide range of services, including network infrastructure, equipment, and network management.
SBA Communications Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Thursday, August 22nd will be issued a dividend of $0.98 per share. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a $3.92 dividend on an annualized basis and a dividend yield of 1.60%. SBA Communications’s dividend payout ratio (DPR) is presently 76.86%. Insider Transactions at SBA Communications In other news, Chairman Jeffrey Stoops sold 49,765 shares of SBA Communications stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $222.01, for a total transaction of $11,048,327.65. Following the transaction, the chairman now owns 109,583 shares in the company, valued at $24,328,521.83. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Chairman Jeffrey Stoops sold 49,765 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $222.01, for a total value of $11,048,327.65. Following the transaction, the chairman now owns 109,583 shares in the company, valued at $24,328,521.83. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director George R. Krouse, Jr. sold 325 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $219.58, for a total transaction of $71,363.50. Following the completion of the transaction, the director now owns 8,084 shares in the company, valued at approximately $1,775,084.72. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.
SBA Communications Profile (Free Report) 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. Recommended Stories Want to see what other hedge funds are holding SBAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SBA Communications Co. (NASDAQ:SBAC – Free Report). Receive News & Ratings for SBA Communications Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for SBA Communications and related companies with MarketBeat.com’s FREE daily email newsletter.
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