SBA Communications (SBAC) Stock Forecast, Price & News

19 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for SBA Communications in the last year. There are currently 3 hold ratings, 15 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SBAC shares.
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19 brokerages have issued 1-year price targets for SBA Communications' stock. Their SBAC share price forecasts range from $245.00 to $350.00. On average, they anticipate the company's share price to reach $301.22 in the next twelve months. This suggests a possible upside of 49.8% from the stock's current price.
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SBA Communications' stock was trading at $280.31 at the beginning of the year. Since then, SBAC stock has decreased by 28.3% and is now trading at $201.11.
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SBA Communications saw a increase in short interest in August. As of August 31st, there was short interest totaling 2,480,000 shares, an increase of 20.4% from the August 15th total of 2,060,000 shares. Based on an average daily trading volume, of 924,400 shares, the short-interest ratio is presently 2.7 days. Approximately 2.3% of the shares of the stock are short sold.
View SBA Communications' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, October 30th 2023.
View our SBAC earnings forecast.

SBA Communications Co. (NASDAQ:SBAC) issued its earnings results on Monday, July, 31st. The technology company reported $1.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.91 by $1.04. The technology company had revenue of $678.50 million for the quarter, compared to the consensus estimate of $676.87 million. SBA Communications had a negative trailing twelve-month return on equity of 9.68% and a net margin of 18.71%. SBA Communications's revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period last year, the business posted $3.07 EPS.
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SBA Communications declared a quarterly dividend on Sunday, July 30th. Shareholders of record on Thursday, August 24th will be paid a dividend of $0.85 per share on Wednesday, September 20th. This represents a $3.40 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend is Wednesday, August 23rd.
Read our dividend analysis for SBAC.

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

SBA Communications (NASDAQ:SBAC) pays an annual dividend of $3.40 per share and currently has a dividend yield of 1.69%. 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 73.12%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SBAC will have a dividend payout ratio of 26.73% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SBAC.

SBA Communications issued an update on its FY 2023 earnings guidance on Monday, July, 31st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $2.71 billion-$2.75 billion, compared to the consensus revenue estimate of $2.71 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 many different institutional and retail investors. Top institutional investors include BlackRock Inc. (8.25%), State Street Corp (4.39%), Cohen & Steers Inc. (3.83%), Principal Financial Group Inc. (2.57%), JPMorgan Chase & Co. (2.49%) and Geode Capital Management LLC (2.39%). 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 $201.11.

SBA Communications (NASDAQ:SBAC) has a market capitalization of $21.80 billion and generates $2.63 billion in revenue each year. The technology company earns $461.43 million in net income (profit) each year or $4.65 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.