Carillon Tower Advisers, an investment management firm, published its fourth quarter 2020 “Carillon Eagle Mid Cap Growth Fund” investor letter – a copy of which can be downloaded here. In the letter, the fund talked about their best and worst securities, together with their outlook for this year from an investment perspective. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Carillon Tower Advisers, in their Q4 2020 investor letter, mentioned SBA Communications Corporation (NASDAQ: SBAC) and emphasized their views on the company. SBA Communications Corporation is a Boca Raton, Florida-based real estate investment trust company that currently has a $29.8 billion market capitalization. Since the beginning of the year, SBAC delivered a -3.43% return, while its 12-month gains are still up by 12.06%. As of March 24, 2021, the stock closed at $272.46 per share.
Here is what Carillon Tower Advisers has to say about SBA Communications Corporation in their Q4 2020 investor letter:
“SBA Communications operates as a real estate investment trust (REIT) with a focus on wireless communications infrastructure. The firm reported favorable quarterly results with revenues ahead of expectations, and subsequently raised its guidance for the next year as well. Unfortunately, the company’s steady growth has been slightly overshadowed by other REITs that have shown faster growth prospects as the rollout and distribution of vaccines leads to a recovery in the economy.”
Our calculations show that SBA Communications Corporation (NASDAQ: SBAC) does not belong in our list of the 30 Most Popular Stocks Among Hedge Funds. As of the end of the fourth quarter of 2020, SBA Communications Corporation was in 43 hedge fund portfolios. SBAC delivered a -0.19% return in the past 3 months.