Cohen & Steers Reduces $56M in SBA Communications Corporation ($SBAC)
Key Points
- Cohen & Steers changed its SBA Communications Corporation ($SBAC) stake by 9.15% last quarter, cutting to 3,133,241 shares worth $552.89 million.
- Wall Street's consensus rating on $SBAC is Buy and an average price target of $226.40.
- $SBAC last traded around $176.46.
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Cohen & Steers trimmed its position in SBA Communications Corporation ($SBAC) by 9.15% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,133,241 shares of SBA Communications Corporation after selling 315,566 shares during the quarter. Cohen & Steers's holdings in SBA Communications Corporation were worth $552.89 million as of its most recent filing.
SBA Communications Corporation Stock Down 7.6%
Shares of SBA Communications Corporation ($SBAC) traded around $176.46 on Saturday, down 7.6% for the day.
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About SBA Communications Corporation
SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure, including tower structures, rooftops and other structures that support antennas used for wireless communications. In our site leasing business, we lease space to wireless service providers and other customers on assets we own or operate, and manage rooftop and tower sites for property owners under various contractual arrangements. As of December 31, 2025, we owned 46,328 towers, a substantial portion of which were built by us or by other tower owners or operators who, like us, build towers to lease space to multiple wireless service providers. As of December 31, 2025, each of our towers had an average of 1.8 tenants. SBA Communications Corporation was established in 1989 and was incorporated in Florida.
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