Why Are People Selling Their SBAC Shares?

SBA Communications stock is trading -27.86% below its average target price of $277.29 after dropping -3.7% during today's morning session. Analysts are giving the Large-Cap Specialty Real Estate Investment Trust company an average rating of buy and target prices ranging from $242.0 to $343.0 per share.

SBA Communications's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 3.1%. The stock's short ratio is 3.42. The company's insiders own 1.1% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.

Another number to watch is the company's rate of institutional share ownership, which now stands at 99.9%. In conclusion, we believe there is positive market sentiment regarding SBA Communications.

Institutions Invested in SBA Communications

Date Reported Holder Percentage Shares Value
2023-12-31 Vanguard Group Inc 16% 17,279,870 $3,456,665,078
2023-12-31 Blackrock Inc. 8% 8,784,968 $1,757,344,939
2023-12-31 State Street Corporation 4% 4,842,029 $968,599,448
2023-12-31 Cohen & Steers Inc. 4% 4,046,300 $809,421,824
2023-12-31 Principal Financial Group, Inc. 3% 2,775,855 $555,282,015
2023-12-31 Geode Capital Management, LLC 2% 2,682,855 $536,678,296
2023-12-31 Citadel Advisors Llc 2% 2,652,866 $530,679,296
2023-12-31 Deutsche Bank Aktiengesellschaft 2% 2,608,284 $521,761,113
2023-12-31 JP Morgan Chase & Company 2% 2,508,635 $501,827,328
2023-12-31 Invesco Ltd. 2% 2,100,858 $420,255,620
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.