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S&P 500   5,069.76
DOW   38,949.02
QQQ   435.27
Palantir Stock Has It all… Except the Analysts' Support
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
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S&P 500   5,069.76
DOW   38,949.02
QQQ   435.27
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This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
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SBA Communications (SBAC) Stock Price, News & Analysis

$205.16
+5.21 (+2.61%)
(As of 02/28/2024 ET)
Today's Range
$199.02
$206.51
50-Day Range
$199.95
$254.98
52-Week Range
$185.23
$267.42
Volume
2.11 million shs
Average Volume
1.02 million shs
Market Capitalization
$22.13 billion
P/E Ratio
44.50
Dividend Yield
1.66%
Price Target
$270.79

SBA Communications MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
32.0% Upside
$270.79 Price Target
Short Interest
Healthy
2.58% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.23
Upright™ Environmental Score
News Sentiment
0.40mentions of SBA Communications in the last 14 days
Based on 35 Articles This Week
Insider Trading
Selling Shares
$22.09 M Sold Last Quarter
Proj. Earnings Growth
2.44%
From $12.68 to $12.99 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.

4.96 out of 5 stars

Finance Sector

12th out of 839 stocks

Real Estate Investment Trusts Industry

1st out of 173 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

This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
SBA Communications Q4 Profit Rises
SBA Communications Corp.
SBA Comms Earnings Preview
SBAC Sep 2024 210.000 put
SBAC Jun 2024 230.000 put
SBAC Dec 2024 290.000 call
See More Headlines
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Company Calendar

Ex-Dividend for 12/14 Dividend
11/15/2023
Dividend Payable
12/14/2023
Last Earnings
2/26/2024
Today
2/29/2024
Ex-Dividend for 3/28 Dividend
3/13/2024
Dividend Payable
3/28/2024
Next Earnings (Estimated)
5/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
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
$270.79
High Stock Price Target
$327.00
Low Stock Price Target
$227.00
Potential Upside/Downside
+32.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
12 Analysts

Profitability

Net Income
$461.43 million
Pretax Margin
19.79%

Debt

Sales & Book Value

Annual Sales
$2.71 billion
Cash Flow
$11.08 per share
Book Value
($48.86) per share

Miscellaneous

Free Float
106,161,000
Market Cap
$22.13 billion
Optionable
Optionable
Beta
0.58

Social Links

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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 Thursday, February 29, 2024 at 12:45 AM.

Pros

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

  • SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure including towers, buildings, rooftops, and other structures. This provides a stable and growing revenue stream.

Cons

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

  • No specific cons available at the moment.














SBAC Stock Analysis - Frequently Asked Questions

Should I buy or sell SBA Communications stock right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SBA Communications in the last year. There are currently 1 hold rating, 10 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.
View SBAC analyst ratings
or view top-rated stocks.

What is SBA Communications' stock price target for 2024?

12 brokers have issued 12 month target prices for SBA Communications' shares. Their SBAC share price targets range from $227.00 to $327.00. On average, they predict the company's share price to reach $270.79 in the next twelve months. This suggests a possible upside of 32.0% 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 19.1% and is now trading at $205.16.
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, May 6th 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, February, 26th. The technology company reported $1.01 earnings per share for the quarter, missing analysts' consensus estimates of $1.37 by $0.36. The technology company had revenue of $675 million for the quarter, compared to the consensus estimate of $682.11 million. SBA Communications had a net margin of 18.51% and a negative trailing twelve-month return on equity of 9.69%. The company's quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.11 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 announced a quarterly dividend on Monday, February 26th. Stockholders of record on Thursday, March 14th will be paid a dividend of $0.98 per share on Thursday, March 28th. This represents a $3.92 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date is Wednesday, March 13th. This is a positive change from the stock's previous quarterly dividend of $0.85.
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 1.64%. 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 73.75%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SBAC will have a dividend payout ratio of 26.17% 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 FY 2024 earnings guidance on Tuesday, February, 27th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $2.7 billion-$2.7 billion, compared to the consensus revenue estimate of $2.8 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 many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (16.02%), Cohen & Steers Inc. (3.75%), Principal Financial Group Inc. (2.57%), Brown Advisory Inc. (1.94%), Massachusetts Financial Services Co. MA (1.81%) and Dimensional Fund Advisors LP (1.41%). 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, 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
This page (NASDAQ:SBAC) was last updated on 2/29/2024 by MarketBeat.com Staff