Cohen & Steers Reduces $64M in SBA Communications Corporation ($SBAC)
Key Points
- Cohen & Steers changed its SBA Communications Corporation ($SBAC) stake by 9.2% last quarter, cutting to 3,133,241 shares worth $638.08 million.
- Wall Street's consensus rating on $SBAC is Buy and an average price target of $235.10.
- $SBAC last traded around $203.65.
Cohen & Steers trimmed its position in SBA Communications Corporation ($SBAC) by 9.2% 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 $638.08 million as of its most recent filing.
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About SBA Communications Corporation
SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure. It includes towers, buildings, rooftops, distributed antenna systems (DAS) and small cells. With a portfolio of more than 46,000 communications sites throughout the Americas and in Africa, SBA is listed on NASDAQ under the symbol SBAC. Our organization is part of the S&P 500 and one of the top Real Estate Investment Trusts (REITs) by market capitalization. SBA Communications Corporation was incorporated in 1989 and is based in Boca Raton, Florida.
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