UniSuper Management 13F: Adds $13M to SBAC Stake

In a filing on October 26, 2026, UniSuper Management boosted its stake in SBA Communications Corporation (SBAC) by 82,968 shares, bringing its total holdings to 192,657 shares valued at approximately $30.8 million. The filing reflects a 75.6% increase in their position during the quarter ending September 30, 2026.

SBAC SBA Communications Corporation

$185.92 ▼ -1.49% year to date

1M 3M YTD

Daily close · Oct 26, 2026

Where SBA Communications Fits in UniSuper Management's Portfolio

UniSuper Management's investment in SBA Communications now constitutes 0.27% of its total reported value of $11.5 billion.

Other Institutional Activity in SBA Communications

Dodge & Cox Inc. holds 12,323,254 shares valued at about $2.3 billion, having increased its stake by 242,817 shares. Cohen & Steers Inc. also increased its holdings by 114,368 shares, bringing its total to 3,247,729 shares worth approximately $603.8 million. Deutsche Bank AG significantly raised its stake by 1,332,985 shares, now holding 1,812,200 shares valued at about $336.9 million.

SBA Communications Corporation Stock Up 4.2%

SBA Communications shares recently traded around $185.92, which is about 17.2% below its 52-week high of $224.46. The stock is currently above its 50-day moving average by 3.8%, but below its 200-day moving average by 2.3%.

Recent Earnings

For the trailing twelve months, SBA Communications reported revenue of approximately $2.87 billion and earnings per share of $9.27. The next earnings report is expected on November 2, 2026.

Dividend

SBA Communications pays an annual dividend of $5.00 per share, resulting in a yield of 2.71% with a payout ratio of 50.9%.

Insider Buying and Selling at SBA Communications Corporation

On August 17, 2026, Director George R. Krouse Jr. sold 300 shares at an average price of $182.67, totaling about $54,802. This transaction was not part of a planned trading strategy.

Analysts Set New Price Targets

On October 20, 2026, Bernstein maintained a "Market Perform" rating with a price target of $208. Prior to that, Barclays also maintained an "Overweight" rating with a target of $207 on September 30, 2026. The consensus among analysts recommends a "buy" rating with a mean price target of $225.25.

About SBA Communications

SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure, including towers and rooftops that support antennas. This infrastructure is vital for wireless service providers as they lease space on SBA's sites.

Bottom Line

Investors should watch for SBA Communications' upcoming earnings report on November 2, 2026, as well as any further filings from UniSuper Management. The recent boost in their position indicates ongoing confidence in the company's growth potential.