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Mary Chan, a director at SBA Communications Corp (NASDAQ:SBAC), a prominent player in the Specialized REITs industry with a market capitalization of $23.84 billion, recently executed significant stock transactions as reported in a recent SEC filing. According to InvestingPro analysis, the company maintains a GOOD financial health score and offers a 2.02% dividend yield. On February 28, Chan sold 1,411 shares of Class A Common Stock, fetching a total of $307,696. The shares were sold at a weighted average price of $218.07, with prices ranging from $217.98 to $218.11 per share.
In addition to the sale, Chan acquired 1,411 shares through the exercise of stock options at a price of $157.51 per share, amounting to a total value of $222,246. Following these transactions, Chan holds 5,130.9235 shares directly.
These transactions highlight the ongoing activity in SBA (LON:SBA) Communications’ stock by its insiders, providing investors with insight into the company’s stock dynamics.
In other recent news, SBA Communications reported its fourth-quarter 2024 earnings with an adjusted funds from operations (AFFO) per share of $3.46, surpassing both Jefferies’ and consensus estimates. However, the company’s earnings per share (EPS) of $1.61 fell short of the forecasted $2.11. Despite the earnings miss, SBA Communications plans to expand its infrastructure significantly in 2025 by building 800 new towers, marking the most substantial growth in over two decades. Analyst firms have varied perspectives on the company; BMO Capital Markets maintained a Market Perform rating, while KeyBanc Capital Markets reiterated an Overweight rating, both acknowledging the company’s strong performance despite a conservative 2025 guidance. Jefferies raised its price target for the company to $221, reflecting cautious optimism. Meanwhile, JMP Securities maintained a Market Outperform rating, noting the company’s impressive revenue guidance for 2025. SBA Communications is also exiting operations in the Philippines and Colombia, marking strategic shifts in its market presence. As these developments unfold, investors remain attentive to the company’s strategic moves and financial health.
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