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BOCA RATON, FL—On March 6, 2025, Joshua Koenig, Executive Vice President and General Counsel at SBA Communications Corp . (NASDAQ:SBAC), a prominent player in the Specialized REITs industry with a market capitalization of $24.2 billion, executed a series of stock transactions involving the company’s Class A Common Stock. According to InvestingPro data, the company maintains a GOOD financial health score and has consistently raised its dividend for six consecutive years. The most notable transaction was the sale of 2,209 shares on March 7, 2025, at an average price of $224.18 per share, totaling approximately $495,213.
In addition to the sale, Koenig also acquired 2,135 shares through option exercises, with no monetary exchange involved. These transactions increased his total holdings to 6,078.735 shares following the sale.
Furthermore, Koenig withheld 840.122 shares to cover tax liabilities, valued at $220.38 per share, amounting to $185,146. These transactions were documented in a Form 4 filing with the U.S. Securities and Exchange Commission. The company currently offers a dividend yield of 1.97% and has demonstrated strong profitability with positive earnings over the last twelve months.
In other recent news, SBA (LON:SBA) Communications reported its fourth-quarter 2024 earnings, revealing an earnings per share (EPS) of $1.61, which was below the forecasted $2.11. Despite this shortfall, the company demonstrated significant operational achievements, including a record low net debt to adjusted EBITDA ratio. SBA Communications plans to expand its infrastructure with 800 new towers in 2025, marking the most substantial build in over two decades. Analyst firms have varied in their outlooks; BMO Capital Markets maintained a Market Perform rating, while KeyBanc Capital Markets reiterated an Overweight rating, citing potential growth catalysts like tax reform and spectrum auctions. Jefferies, meanwhile, raised its price target for the company to $221 but kept a Hold rating, acknowledging the company’s strong performance despite ongoing challenges such as Sprint churn. JMP Securities maintained a Market Outperform rating with a $250 target, highlighting SBA Communications’ impressive fourth-quarter results and favorable revenue guidance for 2025. These developments reflect a mixed but cautiously optimistic outlook for SBA Communications, with analysts noting both the challenges and opportunities facing the company in the coming years.
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