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S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
5 Trends You Need to Know This Quarter
MarketBeat Week in Review – 4/8 - 4/12
Diplomat tapped as Latvia's new foreign minister as incumbent quits following flights scandal
It's almost April 15. Here's how to reduce stress and get your taxes done
Nearing 50 Supreme Court arguments in, lawyer Lisa Blatt keeps winning
The craze for Masters gnomes is growing. Little golf-centric statue is now a coveted collector item
How O.J. Simpson burned the Ford Bronco into America's collective memory
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
5 Trends You Need to Know This Quarter
MarketBeat Week in Review – 4/8 - 4/12
Diplomat tapped as Latvia's new foreign minister as incumbent quits following flights scandal
It's almost April 15. Here's how to reduce stress and get your taxes done
Nearing 50 Supreme Court arguments in, lawyer Lisa Blatt keeps winning
The craze for Masters gnomes is growing. Little golf-centric statue is now a coveted collector item
How O.J. Simpson burned the Ford Bronco into America's collective memory
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
5 Trends You Need to Know This Quarter
MarketBeat Week in Review – 4/8 - 4/12
Diplomat tapped as Latvia's new foreign minister as incumbent quits following flights scandal
It's almost April 15. Here's how to reduce stress and get your taxes done
Nearing 50 Supreme Court arguments in, lawyer Lisa Blatt keeps winning
The craze for Masters gnomes is growing. Little golf-centric statue is now a coveted collector item
How O.J. Simpson burned the Ford Bronco into America's collective memory

SBA Communications (SBAC) Stock Price, News & Analysis

$201.84
-3.20 (-1.56%)
(As of 04/12/2024 ET)
Today's Range
$200.63
$204.39
50-Day Range
$199.95
$223.75
52-Week Range
$185.23
$267.42
Volume
872,520 shs
Average Volume
840,365 shs
Market Capitalization
$21.82 billion
P/E Ratio
43.78
Dividend Yield
1.94%
Price Target
$268.38

SBA Communications MarketRank™ Stock Analysis

Analyst Rating
Buy
3.09 Rating Score
Upside/​Downside
33.0% Upside
$268.38 Price Target
Short Interest
Healthy
2.54% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.23
Upright™ Environmental Score
News Sentiment
1.43mentions of SBA Communications in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$430,966 Sold Last Quarter
Proj. Earnings Growth
0.40%
From $12.61 to $12.66 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.

4.82 out of 5 stars

Finance Sector

75th out of 843 stocks

Real Estate Investment Trusts Industry

6th out of 176 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 throughout the Americas, Africa and in Asia, 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

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See More Headlines
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Company Calendar

Last Earnings
2/26/2024
Ex-Dividend for 3/28 Dividend
3/13/2024
Dividend Payable
3/28/2024
Today
4/13/2024
Next Earnings (Confirmed)
4/29/2024
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
1,787
Year Founded
1989

Price Target and Rating

Average Stock Price Target
$268.38
High Stock Price Target
$327.00
Low Stock Price Target
$227.00
Potential Upside/Downside
+33.0%
Consensus Rating
Buy
Rating Score (0-4)
3.09
Research Coverage
11 Analysts

Profitability

Net Income
$501.81 million
Pretax Margin
20.23%

Debt

Sales & Book Value

Annual Sales
$2.71 billion
Cash Flow
$12.69 per share
Book Value
($47.86) per share

Miscellaneous

Free Float
106,379,000
Market Cap
$21.82 billion
Optionable
Optionable
Beta
0.56

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

Pros

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

  • SBA Communications Co. has a strong presence in the wireless communications infrastructure industry, owning and operating a vast portfolio of over 39,000 communications sites across multiple continents.
  • The company is listed on NASDAQ under the symbol SBAC, making it easily accessible to investors in the stock market.
  • Recent insider selling activities indicate confidence in the company's performance, with Director Mary S. Chan selling shares at a significant price, suggesting positive outlook.
  • Institutional investors like State Street Corp, Principal Financial Group Inc., and JPMorgan Chase & Co. have been increasing their positions in SBA Communications, reflecting trust in the company's growth potential.
  • With a strong market capitalization and being part of the S&P 500, SBA Communications is considered one of the top Real Estate Investment Trusts (REITs), offering stability and potential returns to investors.

Cons

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

  • Fluctuations in the stock market can impact the stock price of SBA Communications Co., potentially leading to short-term volatility in investment returns.
  • While insider selling activities can sometimes indicate positive outlook, they can also raise concerns about potential internal issues or lack of growth opportunities within the company.
  • Investing in Real Estate Investment Trusts (REITs) like SBA Communications Co. may involve risks related to interest rate changes, economic downturns, and regulatory changes affecting the real estate market.
  • Competitive pressures in the wireless communications infrastructure industry could impact SBA Communications Co.'s market position and profitability, posing challenges to sustained growth.
  • Market conditions and technological advancements in the telecommunications sector may require continuous investments by SBA Communications Co. to stay competitive, potentially affecting short-term profitability.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these SBA Communications pros and cons to contact@marketbeat.com.

SBAC Stock Analysis - Frequently Asked Questions

Should I buy or sell SBA Communications stock right now?

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for SBA Communications in the last twelve months. There are currently 10 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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?

11 brokerages 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 expect the company's share price to reach $268.38 in the next year. This suggests a possible upside of 33.0% 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 2024. Since then, SBAC stock has decreased by 20.4% and is now trading at $201.84.
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, April 29th 2024.
View our SBAC earnings forecast
.

How can I listen to SBA Communications' earnings call?

SBA Communications will be holding an earnings conference call on Monday, April 29th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 866-207-1041 with passcode "4541116".

How were SBA Communications' earnings last quarter?

SBA Communications Co. (NASDAQ:SBAC) announced its quarterly earnings results on Monday, February, 26th. The technology company reported $1.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.37 by $0.36. The technology company earned $675 million during the quarter, compared to analyst estimates of $682.11 million. SBA Communications had a net margin of 18.51% and a negative trailing twelve-month return on equity of 9.70%. SBA Communications's quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.11 EPS.
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. Investors of record on Thursday, March 14th will be given a dividend of $0.98 per share on Thursday, March 28th. This represents a $3.92 annualized dividend and a yield of 1.94%. The ex-dividend date is Wednesday, March 13th. This is an increase 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 $3.92 per share and currently has a dividend yield of 1.91%. The company has been increasing its dividend for 5 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 85.03%. 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 30.96% 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 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 a variety of institutional and retail investors. Top institutional investors include Los Angeles Capital Management LLC (0.13%), Czech National Bank (0.02%), NBC Securities Inc. (0.01%), Banque Cantonale Vaudoise (0.01%), Tealwood Asset Management Inc. (0.00%) and Park Avenue Securities LLC (0.00%). 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, Mary S Chan, 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.
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This page (NASDAQ:SBAC) was last updated on 4/13/2024 by MarketBeat.com Staff

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