S&P 500   4,567.18
DOW   36,124.56
QQQ   387.29
Investing in quantum computing: A guide 
New CBOE “special perk” helps traders target income every weekend (Ad)
Marvell Technology at a critical pivot: 30% upside is possible
What is dividend harvesting?
The Strategic Gold Play You Haven't Heard About (Ad)
What analysts wanted out of Chewy stock is finally here
Even Scrooge can’t pass up these 3 bargain stocks
All the trading advice you’ve ever received boils down to this (Ad)
The truth about DocuSign's relevancy in today's world: Surprise
SoFi expands ETF business with options-driven income fund
S&P 500   4,567.18
DOW   36,124.56
QQQ   387.29
Investing in quantum computing: A guide 
New CBOE “special perk” helps traders target income every weekend (Ad)
Marvell Technology at a critical pivot: 30% upside is possible
What is dividend harvesting?
The Strategic Gold Play You Haven't Heard About (Ad)
What analysts wanted out of Chewy stock is finally here
Even Scrooge can’t pass up these 3 bargain stocks
All the trading advice you’ve ever received boils down to this (Ad)
The truth about DocuSign's relevancy in today's world: Surprise
SoFi expands ETF business with options-driven income fund
S&P 500   4,567.18
DOW   36,124.56
QQQ   387.29
Investing in quantum computing: A guide 
New CBOE “special perk” helps traders target income every weekend (Ad)
Marvell Technology at a critical pivot: 30% upside is possible
What is dividend harvesting?
The Strategic Gold Play You Haven't Heard About (Ad)
What analysts wanted out of Chewy stock is finally here
Even Scrooge can’t pass up these 3 bargain stocks
All the trading advice you’ve ever received boils down to this (Ad)
The truth about DocuSign's relevancy in today's world: Surprise
SoFi expands ETF business with options-driven income fund
S&P 500   4,567.18
DOW   36,124.56
QQQ   387.29
Investing in quantum computing: A guide 
New CBOE “special perk” helps traders target income every weekend (Ad)
Marvell Technology at a critical pivot: 30% upside is possible
What is dividend harvesting?
The Strategic Gold Play You Haven't Heard About (Ad)
What analysts wanted out of Chewy stock is finally here
Even Scrooge can’t pass up these 3 bargain stocks
All the trading advice you’ve ever received boils down to this (Ad)
The truth about DocuSign's relevancy in today's world: Surprise
SoFi expands ETF business with options-driven income fund

SBA Communications Stock Price, News & Analysis (NASDAQ:SBAC)

$250.39
+1.49 (+0.60%)
(As of 12/5/2023 ET)
Compare
Today's Range
$247.75
$251.18
50-Day Range
$189.44
$250.57
52-Week Range
$185.23
$312.34
Volume
711,527 shs
Average Volume
840,187 shs
Market Capitalization
$27.01 billion
P/E Ratio
55.15
Dividend Yield
1.36%
Price Target
$279.12

SBA Communications MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.88 Rating Score
Upside/​Downside
11.5% Upside
$279.12 Price Target
Short Interest
Healthy
2.44% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.23
Upright™ Environmental Score
News Sentiment
0.45mentions of SBA Communications in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$21.72 M Sold Last Quarter
Proj. Earnings Growth
3.76%
From $12.22 to $12.68 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.03 out of 5 stars

Real Estate Sector

1st out of 29 stocks

REIT - Specialty Industry

1st out of 2 stocks


SBAC stock logo

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 in 16 markets throughout the Americas, Africa and the Philippines, 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

SBAC Stock News Headlines

Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
SBA Communications Corp Class A
SBA Communications Corp Class A SBAC
SBA Communications Corp's Dividend Analysis
SBA Communications' (SBAC) Q3 AFFO Beat, '23 View Raised
SBA Communications Q3 Revenue Beat Street, AFFO Increases
See More Headlines
Receive SBAC Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for SBA Communications and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
7/31/2023
Ex-Dividend for 9/20 Dividend
8/23/2023
Dividend Payable
9/20/2023
Ex-Dividend for 12/14 Dividend
11/15/2023
Today
12/05/2023
Dividend Payable
12/14/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/20/2024

Industry, Sector and Symbol

Industry
REIT - Specialty
Sub-Industry
Wireless Telecommunication Services
Current Symbol
NASDAQ:SBAC
CUSIP
78388J10
Employees
1,834
Year Founded
1989

Price Target and Rating

Average Stock Price Target
$279.12
High Stock Price Target
$350.00
Low Stock Price Target
$227.00
Potential Upside/Downside
+11.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.88
Research Coverage
16 Analysts

Profitability

Net Income
$461.43 million
Pretax Margin
19.79%

Debt

Sales & Book Value

Annual Sales
$2.63 billion
Cash Flow
$11.21 per share
Book Value
($48.86) per share

Miscellaneous

Free Float
106,161,000
Market Cap
$27.01 billion
Optionable
Optionable
Beta
0.61

Social Links

7 Stocks to Buy And Hold Forever Cover

Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.

Get This Free Report

Should I Buy SBA Communications Stock? SBAC Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of SBA Communications was last updated on Sunday, December 3, 2023 at 4:50 PM.

Pros

Here are some ways that investors could benefit from investing in SBA Communications Co.:

  • SBA Communications is a leading independent owner and operator of wireless communications infrastructure, including towers, buildings, rooftops, distributed antenna systems (DAS), and small cells. This positions the company to benefit from the increasing demand for wireless connectivity.
  • The company has a portfolio of more than 39,000 communications sites in 16 markets throughout the Americas, Africa, and the Philippines. This extensive network provides a strong foundation for growth and expansion.
  • Recent insider transactions indicate confidence in the company's future. The chief executive officer and director have both sold shares at prices above the current stock price, suggesting they believe in the company's long-term prospects.
  • Analysts have issued positive ratings and price targets for SBA Communications, indicating optimism about the company's performance. This suggests that there is potential for the stock price to increase in the future.
  • The company's financial data shows consistent revenue growth over the past year, indicating a strong business performance. This stability can provide investors with confidence in the company's ability to generate returns.

Cons

Investors should be bearish about investing in SBA Communications Co. for these reasons:

  • The stock price of SBA Communications has experienced volatility in the past, which may make it a riskier investment option for some investors.
  • The company operates in a highly competitive industry, which could potentially impact its market share and profitability.
  • There is a possibility of regulatory changes or restrictions in the wireless communications industry, which could affect SBA Communications' operations and financial performance.
  • Investing in individual stocks carries inherent risks, and investors should carefully consider their risk tolerance and diversification strategies before investing in SBA Communications.
  • Market conditions and economic factors can impact the performance of SBA Communications and the broader telecommunications industry, which may affect the company's stock price.














SBAC Stock Analysis - Frequently Asked Questions

Should I buy or sell SBA Communications stock right now?

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SBA Communications in the last year. There are currently 3 hold ratings, 12 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" SBAC shares.
View SBAC analyst ratings
or view top-rated stocks.

What is SBA Communications' stock price target for 2024?

16 Wall Street research analysts have issued twelve-month price objectives for SBA Communications' stock. Their SBAC share price targets range from $227.00 to $350.00. On average, they anticipate the company's share price to reach $279.12 in the next year. This suggests a possible upside of 11.5% 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 2023?

SBA Communications' stock was trading at $280.31 on January 1st, 2023. Since then, SBAC stock has decreased by 10.7% and is now trading at $250.39.
View the best growth stocks for 2023 here
.

When is SBA Communications' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 20th 2024.
View our SBAC earnings forecast
.

How were SBA Communications' earnings last quarter?

SBA Communications Co. (NASDAQ:SBAC) issued its quarterly earnings data on Monday, July, 31st. The technology company reported $1.87 earnings per share for the quarter, missing analysts' consensus estimates of $2.91 by $1.04. The technology company had revenue of $678.50 million for the quarter, compared to analyst estimates of $676.87 million. SBA Communications had a net margin of 18.20% and a negative trailing twelve-month return on equity of 9.53%. The company's quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the business posted $3.07 earnings per share.
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 Thursday, November 2nd. Shareholders of record on Thursday, November 16th will be paid a dividend of $0.85 per share on Thursday, December 14th. This represents a $3.40 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend is Wednesday, November 15th.
Read our dividend analysis for SBAC
.

Is SBA Communications a good dividend stock?

SBA Communications (NASDAQ:SBAC) pays an annual dividend of $3.40 per share and currently has a dividend yield of 1.36%. 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 74.89%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SBAC will have a dividend payout ratio of 26.81% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SBAC.

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

SBA Communications updated its FY23 earnings guidance on Thursday, November, 2nd. The company provided earnings per share guidance of $12.91-13.13 for the period, compared to the consensus estimate of $12.94. The company issued revenue guidance of $2.705-2.725 billion, compared to the consensus revenue estimate of $2.72 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 shareholders include Principal Financial Group Inc. (2.59%), JPMorgan Chase & Co. (2.41%), Deutsche Bank AG (2.36%), Deutsche Bank AG (2.38%), Invesco Ltd. (1.98%) and Brown Advisory Inc. (1.79%). 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, Joshua Koenig, Kevin L Beebe, Kurt L Bagwell, Mark R Ciarfella, Mark R Ciarfella 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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
This page (NASDAQ:SBAC) was last updated on 12/6/2023 by MarketBeat.com Staff

My Account -