Motley Fool Asset Management LLC reduced its holdings in SBA Communications Corporation (SBAC) by 3.2% in the first quarter, selling 1,945 shares to hold 59,019 shares, representing 0.7% of its portfolio. The firm's position is valued at $12.985 million. Several institutional investors and hedge funds also adjusted their stakes during the period, including Allworth Financial LP, which increased its holdings by 62%, NBC Securities Inc., which increased its stake by 1,575%, and others who purchased new positions. SBA Communications reported strong quarterly earnings of $3.17 EPS, exceeding estimates, with revenue of $698.98 million and a 5.8% year-over-year growth. The company announced a $1.11 per share dividend with a 2.0% yield and a 56.42% payout ratio, set for September 18th. It has a market cap of $23.73 billion, a P/E ratio of 28.06, and a beta of 0.77. Analysts from Scotiabank, JMP Securities, Morgan Stanley, Barclays, and Citigroup have issued ratings and price targets, with an average target price of $258.25. The company operates as a leading provider of wireless communications infrastructure across the Americas, Africa, and Asia, with over 39,000 sites in its portfolio.

Motley Fool Wealth Management LLC has trimmed its stock holdings in SBA Communications Corporation (NASDAQ:SBAC), indicating a shift in investment strategy for the firm. The move reflects broader market dynamics or reassessments of the company's valuation and performance outlook.

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in SBA Communications Corporation (NASDAQ:SBAC) by 20.8% in the first quarter, acquiring 33,977 shares to bring its total holdings to 197,056 shares, representing approximately 0.18% of the company's equity valued at $43.35 million. Other institutional investors such as Jackson Square Partners, Maryland State Retirement & Pension System, Chicago Partners Investment Group, Charles Schwab, and ASR Vermogensbeheer N.V. also adjusted their positions. SBA Communications reported earnings per share of $3.17, exceeding estimates, with a 5.8% year-over-year revenue growth to $698.98 million and a quarterly dividend of $1.11 per share. Analyst ratings have shifted, with Deutsche Bank lowering its rating to 'hold' and Bank of America initiating coverage with a 'buy' rating. The company operates over 39,000 wireless communications sites across the Americas, Africa, and Asia and has a market capitalization of $23.54 billion.

A communication tower collapsed in Carol Stream, Illinois, knocking out power for over 25,000 ComEd customers across several DuPage County communities. The structure was not a cell tower, despite initial media reports suggesting otherwise; it was a guyed communication tower that fell onto a high-voltage transmission line. Power was restored by 10:10 p.m. on Friday. The tower is not listed in the FCC database because it is under 200 feet and did not require lamping. While the tower was not a cell tower, some residents reported internet outages, possibly due to it supporting wireless internet for a provider. Nearby cell towers are owned by SBA Communications and T-Mobile. The outage led to temporary closures of local facilities, including Coral Cove Water Park.

The global telecom towers market was valued at approximately USD 4.93 million in 2024 and is projected to reach USD 5.90 million by 2033, growing at a compound annual growth rate (CAGR) of 2.02% from 2025 to 2033. Growth is driven by increasing demand for mobile connectivity and the expansion of 5G networks. Telecom towers support wireless communication infrastructure and are categorized into types such as lattice, guyed, monopole, and stealth towers. Ownership models include operator-owned, joint ventures, private-owned, and MNO captive towers. The Asia-Pacific region dominates the market due to rapid urbanization and high mobile user penetration. Challenges like regulatory hurdles and land acquisition issues persist. The report profiles key players including American Tower Corporation, Crown Castle International, SBA Communications, Indus Towers, Bharti Infratel, and China Tower Corporation, and analyzes market segmentation, competitive dynamics, and regional outlooks across North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.