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

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

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.

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 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.

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' 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.
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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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