SBA Communications (SBAC) Stock Forecast, Price & News

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SBA Communications in the last year. There are currently 2 hold ratings, 13 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SBAC shares.
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16 analysts have issued twelve-month price objectives for SBA Communications' stock. Their SBAC share price forecasts range from $290.00 to $365.00. On average, they anticipate the company's stock price to reach $322.93 in the next year. This suggests a possible upside of 43.1% from the stock's current price.
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SBA Communications' stock was trading at $280.31 at the beginning of 2023. Since then, SBAC stock has decreased by 19.5% and is now trading at $225.65.
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SBA Communications saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 1,250,000 shares, a decline of 17.2% from the April 30th total of 1,510,000 shares. Based on an average trading volume of 816,900 shares, the days-to-cover ratio is currently 1.5 days. Currently, 1.2% of the company's stock are sold short.
View SBA Communications' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, August 7th 2023.
View our SBAC earnings forecast.

SBA Communications Co. (NASDAQ:SBAC) posted its earnings results on Monday, May, 1st. The technology company reported $0.93 earnings per share for the quarter, missing analysts' consensus estimates of $1.21 by $0.28. The technology company earned $675.52 million during the quarter, compared to analyst estimates of $672.47 million. SBA Communications had a negative trailing twelve-month return on equity of 7.01% and a net margin of 13.91%. The business's revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.96 EPS.
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SBA Communications declared a quarterly dividend on Sunday, April 30th. Investors of record on Friday, May 26th will be given a dividend of $0.85 per share on Wednesday, June 21st. This represents a $3.40 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Thursday, May 25th.
Read our dividend analysis for SBAC.

ETFs with the largest weight of SBA Communications (NASDAQ:SBAC) stock in their portfolio include Global X Data Center REITs & Digital Infrastructure ETF (VPN), Fidelity Real Estate Investment ETF (FPRO), Invesco Active U.S. Real Estate ETF (PSR), Motley Fool Mid-Cap Growth ETF (TMFM), IQ CBRE NextGen Real Estate ETF (ROOF), WisdomTree New Economy Real Estate Fund (WTRE), Pacer Data & Infrastructure Real Estate ETF (SRVR) and iShares Cohen & Steers REIT ETF (ICF).

SBA Communications (NASDAQ:SBAC) pays an annual dividend of $3.40 per share and currently has a dividend yield of 1.53%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 99.42%. 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 27.27% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SBAC.

SBA Communications updated its FY 2023 earnings guidance on Monday, May, 1st. The company provided EPS guidance of for the period. The company issued revenue guidance of $2.69 billion-$2.73 billion, compared to the consensus revenue estimate of $2.70 billion.

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.

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).

SBA Communications trades on the NASDAQ under the ticker symbol "SBAC."

SBA Communications' stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.51%), State Street Corp (4.38%), Price T Rowe Associates Inc. MD (2.87%), Principal Financial Group Inc. (2.54%), Deutsche Bank AG (2.52%) and JPMorgan Chase & Co. (2.35%). Insiders that own company stock include Brendan Thomas Cavanagh, Brian D Lazarus, Duncan Cocroft, Fidelma Russo, George R Krouse Jr, George R Krouse, Jr, Jason V Silberstein, Jeffrey Stoops, Kevin L Beebe, Kurt L Bagwell, Mark R Ciarfella, Mark R Ciarfella and Thomas P Hunt.
View institutional ownership trends.

Shares of SBAC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SBAC stock can currently be purchased for approximately $225.65.

SBA Communications (NASDAQ:SBAC) has a market capitalization of $24.45 billion and generates $2.63 billion in revenue each year. The technology company earns $461.43 million in net income (profit) each year or $3.42 on an earnings per share basis.

The company employs 1,834 workers across the globe.

SBA Communications' mailing address is 8051 CONGRESS AVENUE, BOCA RATON FL, 33487. The official website for the company is www.sbasite.com. The technology company can be reached via phone at (561) 995-7670, via email at ir@sbasite.com, or via fax at 561-995-7626.