NASDAQ:SBAC SBA Communications (SBAC) Stock Price, News & Analysis $239.91 -5.09 (-2.08%) (As of 09/18/2024 ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends About SBA Communications Stock (NASDAQ:SBAC) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Key Stats Today's Range$239.77▼$246.9150-Day Range$205.45▼$245.0952-Week Range$183.64▼$258.76Volume609,012 shsAverage Volume928,593 shsMarket Capitalization$25.78 billionP/E Ratio47.04Dividend Yield1.63%Price Target$237.92Consensus RatingModerate Buy Company OverviewSBA 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.Read More… War on Elon Escalates… (Ad)Elon Musk, the guy slated to become the world’s first trillionaire by 2027, has publicly called for the adoption of this technology for decades. By doing so he has put himself in the crosshairs of an ideological war with the global elites. And yet, while this new technology threatens their wealth and power, it could be transformational for both the U.S. economy and your wealth.Click here to learn how you can benefit from its widespread distribution. SBA Communications Stock Analysis - MarketRank™See Top Rated MarketRank™ StocksOverall MarketRank™: 96th PercentileSBA Communications scored higher than 96% of companies evaluated by MarketBeat, and ranked 73rd out of 945 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion2.4 / 5Analyst RatingModerate Buy Consensus RatingSBA Communications has received a consensus rating of Moderate Buy. The company's average rating score is 2.82, and is based on 9 buy ratings, 2 hold ratings, and no sell ratings.Amount of Analyst CoverageSBA Communications has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about SBA Communications' stock forecast and price target. Earnings and Valuation2.5 / 5Proj. Earnings Growth-2.08% Earnings GrowthEarnings for SBA Communications are expected to decrease by -2.08% in the coming year, from $12.53 to $12.27 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of SBA Communications is 47.04, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.09.Price to Earnings Ratio vs. SectorThe P/E ratio of SBA Communications is 47.04, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 48.07.Price to Earnings Growth RatioSBA Communications has a PEG Ratio of 0.74. PEG Ratios below 1 indicate that a company could be undervalued.Read more about SBA Communications' valuation and earnings. Short Interest5.0 / 5Short Interest LevelHealthy Percentage of Shares Shorted2.06% of the float of SBA Communications has been sold short.Short Interest Ratio / Days to CoverSBA Communications has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in SBA Communications has recently decreased by 7.63%, indicating that investor sentiment is improving significantly. Dividend1.7 / 5Dividend StrengthWeak Dividend YieldSBA Communications pays a meaningful dividend of 1.63%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthSBA Communications does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of SBA Communications is 76.86%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, SBA Communications will have a dividend payout ratio of 31.95% next year. This indicates that SBA Communications will be able to sustain or increase its dividend.Read more about SBA Communications' dividend. Sustainability and ESG3.8 / 5Environmental Score-1.23 Percentage of Shares Shorted2.06% of the float of SBA Communications has been sold short.Short Interest Ratio / Days to CoverSBA Communications has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in SBA Communications has recently decreased by 7.63%, indicating that investor sentiment is improving significantly. News and Social Media2.7 / 5News Sentiment0.79 News SentimentSBA Communications has a news sentiment score of 0.79. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.69 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 14 news articles for SBA Communications this week, compared to 7 articles on an average week.Search InterestOnly 2 people have searched for SBAC on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 30 days.MarketBeat FollowsOnly 2 people have added SBA Communications to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days. Company Ownership2.5 / 5Insider TradingSelling Shares Insider Buying vs. Insider SellingIn the past three months, SBA Communications insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $11,483,981.00 in company stock.Percentage Held by InsidersOnly 1.30% of the stock of SBA Communications is held by insiders.Percentage Held by Institutions97.35% of the stock of SBA Communications is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about SBA Communications' insider trading history. SBAC Stock News HeadlinesDonald Day Sells 1,500 Shares of SBA Communications Co. (NASDAQ:SBAC) StockSeptember 18 at 5:44 AM | insidertrades.comSBA Communications Co. (NASDAQ:SBAC) Director George R. Krouse, Jr. Sells 325 SharesAugust 24, 2024 | insidertrades.comCentral Bank Abandons USDStartling new evidence shows the U.S. Central Bank is abandoning the currency we’ve relied on for centuries – the United States Dollar… And placing a ‘quiet bet’ on a new type of currency… Gold. September 18, 2024 | True Gold Republic (Ad)How To YieldBoost SBA Communications To 9.9% Using OptionsSeptember 15 at 12:59 AM | nasdaq.comSBA Communications (NASDAQ:SBAC) Rating Lowered to Hold at StockNews.comSeptember 14, 2024 | americanbankingnews.comSBA Communications Corp. stock underperforms Friday when compared to competitors despite daily gainsSeptember 13, 2024 | marketwatch.comSBA Communications Corp. stock rises Monday, still underperforms marketSeptember 10, 2024 | marketwatch.comNeva will break your heart on October 15August 28, 2024 | ca.finance.yahoo.comSee More Headlines SBAC Stock Analysis - Frequently Asked Questions How have SBAC shares performed this year? SBA Communications' stock was trading at $253.69 at the beginning of the year. Since then, SBAC shares have decreased by 5.4% and is now trading at $239.91. View the best growth stocks for 2024 here. How were SBA Communications' earnings last quarter? SBA Communications Co. (NASDAQ:SBAC) released its quarterly earnings results on Monday, July, 29th. The technology company reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.07 by $0.56. SBA Communications's revenue for the quarter was down 2.7% on a year-over-year basis. Read the conference call transcript. Does SBA Communications have any subsidiaries? The following companies are subsidiaries of SBA Communications: Bay Communications, Light Tower Wireless LLC, Optasite Holding Company Inc, AAT Communications Corporation, Communication Site Services Inc., SBA 2012 TC Assets LLC, SBA Guarantor LLC, and more. Who are SBA Communications' major shareholders? Top institutional shareholders of SBA Communications include Principal Financial Group Inc. (3.91%), Diamond Hill Capital Management Inc. (1.84%), Massachusetts Financial Services Co. MA (1.70%) and Dimensional Fund Advisors LP (1.40%). Insiders that own company stock include Jeffrey Stoops, Duncan Cocroft, Steven E Bernstein, Jason V Silberstein, Mark R Ciarfella, Kevin L Beebe, George R Krouse Jr, Brian D Lazarus, Joshua Koenig, Donald Day, Mary S Chan, Thomas P Hunt, Brendan Thomas Cavanagh and Kurt L Bagwell. 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. What other stocks do shareholders of SBA Communications own? Based on aggregate information from My MarketBeat watchlists, some other companies that SBA Communications investors own include Intel (INTC), Cisco Systems (CSCO), NVIDIA (NVDA), American Tower (AMT), Crown Castle (CCI), Micron Technology (MU) and Walt Disney (DIS). Company Calendar Last Earnings7/29/2024Ex-Dividend for 9/18 Dividend8/22/2024Today9/18/2024Dividend Payable9/18/2024Next Earnings (Estimated)11/07/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorFinance Industry Real estate investment trusts Sub-IndustryWireless Telecommunication Services Current SymbolNASDAQ:SBAC CUSIP78388J10 CIK1034054 Webwww.sbasite.com Phone(561) 995-7670Fax561-995-7626Employees1,787Year Founded1989Price Target and Rating Average Stock Price Target$240.00 High Stock Price Target$260.00 Low Stock Price Target$212.00 Potential Upside/Downside-0.8%Consensus RatingModerate Buy Rating Score (0-4)2.82 Research Coverage11 Analysts Profitability EPS (Most Recent Fiscal Year)$5.10 Trailing P/E Ratio47.04 Forward P/E Ratio19.15 P/E Growth0.74Net Income$501.81 million Net Margins19.22% Pretax Margin20.56% Return on Equity-9.85% Return on Assets5.11% Debt Debt-to-Equity RatioN/A Current Ratio0.19 Quick Ratio0.19 Sales & Book Value Annual Sales$2.68 billion Price / Sales9.63 Cash Flow$12.90 per share Price / Cash Flow18.60 Book Value($47.86) per share Price / Book-5.01Miscellaneous Outstanding Shares107,443,000Free Float106,046,000Market Cap$25.78 billion OptionableOptionable Beta0.67 Social Links Should I Buy SBA Communications Stock? SBAC Pros and Cons Explained 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 Sunday, September 8, 2024. Please send any questions or comments about these SBA Communications pros and cons to contact@marketbeat.com. SBA Communications Bull Case Here are some ways that investors could benefit from investing in SBA Communications Co.: SBA Communications Co. has a dividend payout ratio of 76.86%, indicating a stable dividend payment strategy. Recent insider activity shows Chairman Jeffrey Stoops selling shares at a price of $222.01, potentially signaling confidence in the company's performance. Analysts have given SBA Communications Co. a consensus rating of "Moderate Buy" with an average target price of $237.92, suggesting potential growth. Institutional investors own 97.35% of the company's stock, indicating strong confidence from large financial entities. SBA Communications Co. has a current dividend yield of 1.72%, providing investors with a steady income stream relative to the stock price. SBA Communications Bear Case Investors should be bearish about investing in SBA Communications Co. for these reasons: Some Wall Street analysts have reduced their price targets on SBA Communications Co., potentially indicating concerns about future performance. There have been recent decreases in price targets by analysts, such as Citigroup lowering the target from $290.00 to $260.00, which may reflect uncertainties in the company's outlook. While the stock has a consensus rating of "Moderate Buy," there are still two analysts who have rated it as a hold, suggesting mixed opinions on the stock's potential. Chairman Jeffrey Stoops recently sold a significant number of shares, which could be interpreted as a lack of long-term confidence in the company's growth prospects. Despite the dividend yield, the annualized dividend of $3.92 per share may not be as competitive compared to other investment opportunities in the market. This page (NASDAQ:SBAC) was last updated on 9/18/2024 by MarketBeat.com Staff From Our PartnersChina Stockpiling Gold “Like No Tomorrow”For 18 consecutive months, China’s central bank has increased its gold reserve. The country, with a populat...True Gold Republic | SponsoredThis diversified cannabis pioneer could make huge moves soonThe cannabis industry seems deeply saturated, so how do you know where to best invest your money? 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