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 |
