Should I buy or sell SBA Communications stock right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SBA Communications in the last twelve months. There are currently 10 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" SBAC shares. View SBAC analyst ratings or view top-rated stocks .

What is SBA Communications' stock price target for 2024?

11 Wall Street analysts have issued 12-month target prices for SBA Communications' stock. Their SBAC share price targets range from $227.00 to $315.00. On average, they expect the company's share price to reach $254.75 in the next year. This suggests a possible upside of 31.9% from the stock's current price. View analysts price targets for SBAC or view top-rated stocks among Wall Street analysts .

How have SBAC shares performed in 2024?

SBA Communications' stock was trading at $253.69 at the beginning of the year. Since then, SBAC stock has decreased by 23.9% and is now trading at $193.09. View the best growth stocks for 2024 here .

When is SBA Communications' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, July 29th 2024. View our SBAC earnings forecast .

How were SBA Communications' earnings last quarter?

SBA Communications Co. (NASDAQ:SBAC) released its quarterly earnings data on Monday, April, 29th. The technology company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.21. The technology company earned $657.86 million during the quarter, compared to analysts' expectations of $671.08 million. SBA Communications had a negative trailing twelve-month return on equity of 10.75% and a net margin of 20.61%. The business's revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period in the prior year, the business earned $3.13 EPS. Read the conference call transcript .

How often does SBA Communications pay dividends? What is the dividend yield for SBA Communications?

SBA Communications declared a quarterly dividend on Monday, April 29th. Investors of record on Thursday, May 23rd will be paid a dividend of $0.98 per share on Wednesday, June 19th. This represents a $3.92 annualized dividend and a dividend yield of 2.03%. The ex-dividend date is Wednesday, May 22nd. Read our dividend analysis for SBAC .

Is SBA Communications a good dividend stock?

SBA Communications (NASDAQ:SBAC) pays an annual dividend of $3.92 per share and currently has a dividend yield of 2.03%. The company has been increasing its dividend for 5 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 76.86%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, SBAC will have a dividend payout ratio of 31.33% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for SBAC .

What ETFs hold SBA Communications' stock?

ETFs with the largest weight of SBA Communications (NASDAQ:SBAC) stock in their portfolio include Fidelity Real Estate Investment ETF (FPRO) , iShares U.S. Digital Infrastructure and Real Estate ETF (IDGT) , JPMorgan Realty Income ETF (JPRE) , Pacer Data & Infrastructure Real Estate ETF (SRVR) , IQ CBRE NextGen Real Estate ETF (ROOF) , Global X Data Center & Digital Infrastructure ETF (VPN) , WisdomTree New Economy Real Estate Fund (WTRE) and Principal Real Estate Active Opportunities ETF (BYRE) .

What guidance has SBA Communications issued on next quarter's earnings?

SBA Communications issued an update on its FY 2024 earnings guidance on Monday, April, 29th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.7 billion-$2.7 billion, compared to the consensus revenue estimate of $2.7 billion.

What is Jeffrey A. Stoops' approval rating as SBA Communications' CEO?

247 employees have rated SBA Communications Chief Executive Officer Jeffrey A. Stoops on Glassdoor.com . Jeffrey A. Stoops has an approval rating of 99% among the company's employees. This puts Jeffrey A. Stoops in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of SBA Communications own?

Based on aggregate information from My MarketBeat watchlists, some companies that other SBA Communications investors own include Intel (INTC) , Cisco Systems (CSCO) , NVIDIA (NVDA) , American Tower (AMT) , Crown Castle (CCI) , Micron Technology (MU) , Walt Disney (DIS) , AT&T (T) , QUALCOMM (QCOM) and Johnson & Johnson (JNJ) .

Who are SBA Communications' major shareholders?

SBA Communications' stock is owned by a variety of retail and institutional investors. Top institutional investors include Principal Financial Group Inc. (3.98%), Bank of New York Mellon Corp (0.66%), BNP Paribas Financial Markets (0.33%), Nordea Investment Management AB (0.32%), Allspring Global Investments Holdings LLC (0.25%) and Allspring Global Investments Holdings LLC (0.25%). Insiders that own company stock include Brendan Thomas Cavanagh , Brian D Lazarus, Brian D Lazarus , Duncan Cocroft , Fidelma Russo , George R Krouse Jr, George R Krouse, Jr , Jason V Silberstein , Jeffrey Stoops , Joshua Koenig , Kevin L Beebe , Kurt L Bagwell , Mark R Ciarfella, Mark R Ciarfella , Mary S Chan , Steven E Bernstein and Thomas P Hunt . View institutional ownership trends .

How do I buy shares of SBA Communications?

Shares of SBAC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

Does SBA Communications have any subsidiaries?

The following companies are subsidiares of SBA Communications: AAT Communications Corporation, Bay Communications, Communication Site Services Inc., Light Tower Wireless LLC, Optasite Holding Company Inc, SBA 2012 TC Assets LLC, SBA Guarantor LLC, SBA Infrastructure LLC, SBA Monarch Towers I LLC, SBA Network Management Inc., SBA New Builds LLC, SBA Properties LLC, SBA Puerto Rico LLC, SBA Senior Finance II LLC, SBA Senior Finance LLC, SBA Site Management LLC, SBA Sites LCC, SBA Structures LCC, SBA Telecommunications LLC, SBA Torres Brasil LTDA, SBA Torres Panama S.A., SBA Towers II LLC, SBA Towers III LLC, SBA Towers IV LLC, SBA Towers IX LLC, SBA Towers LLC, SBA Towers V LLC, and SBA Towers VII LLC. Read More

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NASDAQ:SBAC

SBA Communications (SBAC) Stock Price, News & Analysis

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$193.09

-0.78 (-0.40%)

(As of 05/3/2024 ET)

Compare

Today's Range: $192.81
▼
$200.71
50-Day Range: $186.12
▼
$223.75
52-Week Range: $183.64
▼
$258.76

Volume: 1.07 million shs
Average Volume: 940,862 shs
Market Capitalization: $20.87 billion

P/E Ratio: 37.86
Dividend Yield: 2.03%
Price Target: $254.75

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SBA Communications MarketRank™ Stock Analysis

Analyst Rating: Buy
3.09 Rating Score
Upside/Downside: 31.9% Upside
$254.75 Price Target
Short Interest: Healthy
2.38% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -1.23
Upright™ Environmental Score
News Sentiment: 0.15
Based on 41 Articles This Week
Insider Trading: Selling Shares
$430,966 Sold Last Quarter
Proj. Earnings Growth: -0.16%
From $12.53 to $12.51 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.98 out of 5 stars

Finance Sector

4th out of 874 stocks

Real Estate Investment Trusts Industry

1st out of 181 stocks

4.5

Analyst's Opinion

Consensus Rating
SBA Communications has received a consensus rating of Buy. The company's average rating score is 3.09, and is based on 10 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
SBA Communications has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

5.0

Short Interest

Percentage of Shares Shorted
2.38% of the float of SBA Communications has been sold short.
Short Interest Ratio / Days to Cover
SBA Communications has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in SBA Communications has recently decreased by 6.62%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Yield
SBA Communications pays a meaningful dividend of 2.03%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
SBA Communications has been increasing its dividend for 5 years.
Dividend Coverage
The dividend payout ratio of SBA Communications is 76.86%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, SBA Communications will have a dividend payout ratio of 31.33% next year. This indicates that SBA Communications will be able to sustain or increase its dividend.

3.8

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
SBA Communications has received a 49.62% net impact score from Upright. The largest positive contribution comes from its "Knowledge infrastructure" impact, which is mostly driven by its "Rural area cellular networks", "Urban area cellular networks", and "Mobile consumer internet provision" products. See details.
Environmental Sustainability
The Environmental Impact score for SBA Communications is -1.23.

2.3

News and Social Media Coverage

News Sentiment
SBA Communications has a news sentiment score of 0.15. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.54 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 41 news articles for SBA Communications this week, compared to 7 articles on an average week.
Search Interest
Only 10 people have searched for SBAC on MarketBeat in the last 30 days. This is a decrease of -17% compared to the previous 30 days.
MarketBeat Follows
8 people have added SBA Communications to their MarketBeat watchlist in the last 30 days. This is an increase of 60% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, SBA Communications insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $430,966.00 in company stock.
Percentage Held by Insiders
Only 1.30% of the stock of SBA Communications is held by insiders.
Percentage Held by Institutions
97.35% of the stock of SBA Communications is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for SBA Communications are expected to decrease by -0.16% in the coming year, from $12.53 to $12.51 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of SBA Communications is 37.86, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.03.
Price to Earnings Ratio vs. Sector
The P/E ratio of SBA Communications is 37.86, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 45.50.
Price to Earnings Growth Ratio
SBA Communications has a PEG Ratio of 1.19. PEG Ratios above 1 indicate that a company could be overvalued.

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About SBA Communications Stock (NASDAQ:SBAC)

SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure including towers, buildings, rooftops, distributed antenna systems (DAS) and small cells. With a portfolio of more than 39,000 communications sites throughout the Americas, Africa and in Asia, SBA is listed on NASDAQ under the symbol SBAC. Our organization is part of the S&P 500 and is one of the top Real Estate Investment Trusts (REITs) by market capitalization.

SBAC Stock Price History

30 days | 90 days | 365 days | Advanced Chart

SBAC Stock News Headlines

May 2, 2024 | americanbankingnews.com

SBA Communications (NASDAQ:SBAC) Sets New 1-Year Low Following Analyst Downgrade

May 1, 2024 | finance.yahoo.com

SBA Communications Corporation (NASDAQ:SBAC) Q1 2024 Earnings Call Transcript

May 5, 2024 | Paradigm Press (Ad)

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