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Re: gfp927z post# 246

Tuesday, 04/09/2024 10:03:13 PM

Tuesday, April 09, 2024 10:03:13 PM

Post# of 249
>>> SBA Communications Corporation (NASDAQ:SBAC) -- Average Analyst Price Target: $264.63

Upside Potential: 27.05%

Number of Hedge Fund Holders: 41

SBA Communications Corporation (NASDAQ:SBAC) is a telecom tower REIT based in Boca Raton, Florida. The company is an independent owner of wireless communications infrastructure such as towers, buildings, and rooftops.

In the fourth quarter, 41 hedge funds were long SBA Communications Corporation (NASDAQ:SBAC), with a total stake value of $1.5 billion.

An Outperform rating and a $265 price target were maintained on SBA Communications Corporation (NASDAQ:SBAC) on February 27 by BMO Capital.

Baron Funds mentioned SBA Communications Corporation (NASDAQ:SBAC) in its third-quarter 2023 investor letter:

“We reduced our stake in long-term holding SBA Communications Corporation (NASDAQ:SBAC), which owns and operates cellular towers, on concerns that higher interest rates will increase its debt servicing costs and indications that its primary customers will spend less on upgrading their cellular networks.”



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