SRS Capital Advisors Inc. Purchases 1,120 Shares of SBA Communications Co. (NASDAQ:SBAC)

SRS Capital Advisors Inc. lifted its position in SBA Communications Co. (NASDAQ:SBAC) by 190.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,709 shares of the technology company’s stock after acquiring an additional 1,120 shares during the quarter. SRS Capital Advisors Inc.’s holdings in SBA Communications were worth $348,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in SBAC. Ashton Thomas Securities LLC bought a new stake in shares of SBA Communications in the third quarter valued at about $26,000. Evermay Wealth Management LLC bought a new stake in shares of SBA Communications in the fourth quarter valued at about $27,000. Capital Performance Advisors LLP bought a new stake in shares of SBA Communications in the third quarter valued at about $35,000. Oakworth Capital Inc. raised its holdings in shares of 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 in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of SBA Communications by 32.5% in the third quarter. Farther Finance Advisors LLC now owns 216 shares of the technology company’s stock valued at $52,000 after acquiring an additional 53 shares in the last quarter. 97.35% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Mark R. Ciarfella sold 3,545 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $224.33, for a total value of $795,249.85. Following the transaction, the executive vice president now owns 33,588 shares in the company, valued at approximately $7,534,796.04. This represents a 9.55 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Donald Day sold 2,321 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $203.43, for a total transaction of $472,161.03. Following the completion of the transaction, the executive vice president now owns 4,998 shares in the company, valued at approximately $1,016,743.14. This trade represents a 31.71 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

SBA Communications Stock Up 1.7 %

SBAC opened at $221.51 on Tuesday. SBA Communications Co. has a 52-week low of $183.64 and a 52-week high of $252.64. The company has a market cap of $23.82 billion, a P/E ratio of 34.94, a price-to-earnings-growth ratio of 0.74 and a beta of 0.69. The firm’s 50-day moving average price is $204.17 and its 200-day moving average price is $220.47.

SBA Communications Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued a $1.11 dividend. This represents a $4.44 annualized dividend and a yield of 2.00%. The ex-dividend date is Thursday, March 13th. This is an increase from SBA Communications’s previous quarterly dividend of $0.98. SBA Communications’s dividend payout ratio is 63.98%.

Wall Street Analysts Forecast Growth

SBAC has been the topic of several analyst reports. Citizens Jmp upgraded SBA Communications to a “strong-buy” rating in a research note on Monday, January 27th. Barclays decreased their price target on shares of SBA Communications from $254.00 to $240.00 and set an “overweight” rating for the company in a research report on Thursday, February 20th. StockNews.com lowered shares of SBA Communications from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. JMP Securities initiated coverage on shares of SBA Communications in a research report on Monday, January 27th. They set an “outperform” rating and a $250.00 price target for the company. Finally, BMO Capital Markets reissued a “market perform” rating and set a $230.00 price target (down from $260.00) on shares of SBA Communications in a research report on Wednesday, December 18th. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, SBA Communications has an average rating of “Moderate Buy” and an average target price of $253.07.

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.