SBA Communications (SBAC) Stock Price, News & Analysis

Company Overview

SBA Communications Corporation (NASDAQ: SBAC) is a real estate investment trust that owns, operates and develops wireless communications infrastructure. Its core business is the leasing of space on communications towers, rooftop sites and other wireless structures to mobile network operators, broadband providers and other wireless service customers. The company also provides site development, construction and ongoing site management services to support the deployment and operation of wireless networks.

In addition to traditional macro towers, SBA offers a range of infrastructure solutions designed for dense urban and suburban markets, including small cells, distributed antenna systems (DAS) and fiber backhaul and transport services. These offerings enable customers to densify their networks, expand capacity and improve coverage for voice, data and emerging wireless services. SBA’s revenue model centers on long-term site leases and colocation agreements that allow multiple tenants to use the same physical assets.

SBA operates across multiple geographies, with a significant presence in the United States and operations in other regions of the Americas and select international markets. The company supports mobile carriers, wireless internet providers and enterprise users by providing critical real estate and technical services needed to scale wireless networks for technologies such as 4G LTE and 5G. SBA’s footprint is built through a combination of organic site development and strategic acquisitions.

Founded in 1989, SBA has grown into one of the larger independent owners and operators of wireless communications infrastructure and is publicly traded on the NASDAQ under the ticker SBAC. The company emphasizes long-term contractual relationships with network operators and continued investment in infrastructure to support evolving wireless demand. Information on specific executives and recent corporate developments should be confirmed from SBA’s filings and investor communications for the latest details.

Key Stats

• Today's Range: $178.26 to $184.28
• 50-Day Range: $172.61 to $208.02
• 52-Week Range: $162.41 to $225.33
• Volume: 890,784 shs
• Average Volume: 1.17 million shs
• Market Capitalization: $19.37 billion
• P/E Ratio: 19.68
• Dividend Yield: 2.74%
• Price Target: $228.13
• Consensus Rating: Hold

SBA Communications Stock Analysis - MarketRank™

SBA Communications scored higher than 92% of companies evaluated by MarketBeat, and ranked 12th out of 188 stocks in the real estate sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.2 / 5
• Analyst Rating: Hold

Consensus Rating

SBA Communications has received a consensus rating of Hold. The company's average rating score is 2.47, and is based on no strong buy ratings, 8 buy ratings, 9 hold ratings, and no sell ratings.

Upside Potential

SBA Communications has a consensus price target of $228.13, representing about 24.9% upside from its current price of $182.60.

Amount of Analyst Coverage

SBA Communications has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: -0.88%

Earnings Growth

Earnings for SBA Communications are expected to decrease by -0.88% in the coming year, from $11.42 to $11.32 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of SBA Communications is 19.68, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 40.56.

Price to Earnings Ratio vs. Sector

The P/E ratio of SBA Communications is 19.68, which means that it is trading at a less expensive P/E ratio than the Real Estate sector average P/E ratio of about 38.06.

Price to Earnings Growth Ratio

SBA Communications has a PEG Ratio of 1.88. PEG Ratios above 1 indicate that a company could be overvalued.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.09% 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 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in SBA Communications has recently increased by 12.01%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Yield

SBA Communications pays a meaningful dividend of 2.66%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

SBA Communications has been increasing its dividend for 6 years.

Dividend Coverage

The dividend payout ratio of SBA Communications is 52.63%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, SBA Communications will have a dividend payout ratio of 44.17% next year. This indicates that SBA Communications will be able to sustain or increase its dividend.

News and Social Media

• Score: 3.5 / 5
• News Sentiment: 0.67

News Sentiment

SBA Communications has a news sentiment score of 0.67. 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 news sentiment score is similar to the average news sentiment of Real Estate companies.

News Coverage This Week

MarketBeat has tracked 33 news articles for SBA Communications this week, compared to 5 articles on an average week.

Search Interest

7 people have searched for SBAC on MarketBeat in the last 30 days.

MarketBeat Follows

2 people have added SBA Communications to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 1.1 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, SBA Communications insiders have not sold or bought any company stock.

Percentage Held by Insiders

9.50% 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.

Company Calendar

• Record date for 6/17 Dividend: 5/22/2026
• Ex-Dividend for 6/17 Dividend: 5/22/2026
• Dividend Payable: 6/17/2026
• Last Earnings: 8/03/2026
• Today: 8/06/2026
• Record date for 9/17 Dividend: 8/20/2026
• Ex-Dividend for 9/17 Dividend: 8/20/2026
• Dividend Payable: 9/17/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Real Estate
• Industry: Specialized REITs
• Sub-Industry: Telecom Tower REITs
• Current Symbol: NASDAQ:SBAC
• CIK: 1034054
• Web: www.sbasite.com
• Phone: (561) 995-7670
• Fax: 561-995-7626
• Employees: 1,844
• Year Founded: 1989

Price Target and Rating

• Average Price Target for SBA Communications: $228.13
• High Price Target: $260.00
• Low Price Target: $205.00
• Potential Upside/Downside: +24.9%
• Consensus Rating: Hold
• Rating Score (0-4): 2.47
• Research Coverage: 17 Analysts

Profitability

• EPS (Trailing Twelve Months): $9.50
• Trailing P/E Ratio: 19.68
• Forward P/E Ratio: 15.99
• P/E Growth: 1.78
• Net Income: $1.05 billion
• Net Margins: 34.51%
• Pretax Margin: 41.45%
• Return on Equity: -20.67%
• Return on Assets: 8.56%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.17
• Quick Ratio: 0.23

Sales & Book Value

• Annual Sales: $2.82 billion
• Price / Sales: 6.88
• Cash Flow: $13.25 per share
• Price / Cash Flow: 13.78
• Book Value: ($43.65) per share
• Price / Book: -4.18

Miscellaneous

• Outstanding Shares: 106,060,000
• Free Float: 95,987,000
• Market Cap: $19.37 billion
• Optionable: Optionable
• Beta: 0.99