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SBA Communications Corporation (SBAC)

Stock Price: $250.51 USD 1.72 (0.69%)
Updated Feb 24, 2021 4:00 PM EST - Market closed
After-hours: $251.00 +0.49 (0.20%) Feb 24, 6:54 PM
Market Cap 27.39B
Revenue (ttm) 2.06B
Net Income (ttm) -16.08M
Shares Out 111.78M
EPS (ttm) 0.21
PE Ratio 1,192.90
Forward PE 82.64
Dividend $1.98
Dividend Yield 0.79%
Trading Day February 24
Last Price $250.51
Previous Close $248.79
Change ($) 1.72
Change (%) 0.69%
Day's Open 247.44
Day's Range 243.36 - 251.00
Day's Volume 1,345,313
52-Week Range 204.24 - 327.86

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Business Wire - 1 day ago

BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (NASDAQ: SBAC) (“SBA”) announces that Jeffrey A. Stoops, President and Chief Executive Officer, is scheduled to speak at the 2...

Zacks Investment Research - 1 day ago

SBA Communications' (SBAC) strong Q4 results reflect strength in its domestic site-leasing business. It signs a long-term lease to rent out its towers to DISH and hikes dividends by 25%.

Benzinga - 2 days ago

Shares of SBA Communications (NASDAQ:SBAC) decreased in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share increased 59.32% over the past year to ...

Business Wire - 2 days ago

BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (Nasdaq: SBAC) ("SBA" or the "Company") today reported results for the quarter ended December 31, 2020. Highlights of the four...

Benzinga - 5 days ago

SBA Communications (NASDAQ:SBAC) unveils its next round of earnings this Monday, February 22. Here is Benzinga's everything-that-matters guide for the earnings announcement.

Business Wire - 6 days ago

BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (NASDAQ: SBAC) (“SBA”) announces that Jeffrey A. Stoops, President and Chief Executive Officer, is scheduled to speak at the M...

Zacks Investment Research - 1 week ago

A healthy tower-leasing backdrop in the domestic market is expected to have driven SBA Communications' (SBAC) site-leasing revenues though international bookings might have remained pressured.

Business Wire - 1 week ago

BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (NASDAQ: SBAC) (“SBA”) announces that Brendan Cavanagh, Chief Financial Officer, is scheduled to speak at the Raymond James 42...

Business Wire - 3 weeks ago

SAN FRANCISCO--(BUSINESS WIRE)--Today, Pacific Gas and Electric Company (PG&E) announced that it has entered into a definitive agreement with a wholly owned subsidiary of SBA Communications Co...

Investopedia - 3 weeks ago

Here's why cell tower REITs should be on your trading watchlist. Play two communication infrastructure giants with these tactical ideas.

Other stocks mentioned: AMT
Business Wire - 3 weeks ago

BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (NASDAQ: SBAC) (“SBA” and “Company”) announced it will release its fourth quarter results on Monday, February 22, 2021 after m...

Seeking Alpha - 3 weeks ago

The best analogy I can come with right now is something I learned playing blackjack. In my twenties, I regularly visited Las Vegas to attend conventions. On the side, I'd sit around the table ...

Other stocks mentioned: ADC, AMT, CONE, COR, EQIX, GME, KRC, MPW, O, SKT, VICI
Seeking Alpha - 1 month ago

ELS, AMT, and CCI are the monsters of dividend growth. They've delivered enormous growth for years and are positioned to continue providing huge growth. Each of these REITs has a great history...

Other stocks mentioned: AMT, CCI, ELS, MORT, PFF, SUI, VNQ
Zacks Investment Research - 1 month ago

Proceeds from SBA Communications' (SBAC) $1.5-billion notes offering will be used to redeem notes due in 2022. By addressing near-term debt maturities, it is likely to boost financial flexibil...

Business Wire - 1 month ago

BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (Nasdaq: SBAC) ("SBA" or the "Company") today announced year-end tax reporting information for its 2020 distributions. Stockho...

Business Wire - 1 month ago

BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (NASDAQ: SBAC) (“SBA”) announced today that it has priced an offering of $1.5 billion aggregate principal amount of senior not...

Business Wire - 1 month ago

BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (NASDAQ: SBAC) (“SBA”) announced today that it has commenced a private offering of $1.5 billion aggregate principal amount of ...

Seeking Alpha - 1 month ago

Tech Trouble? Cell Tower REITs outperformed the REIT Index for the sixth-straight-year in 2020, but have dipped nearly 20% over the last quarter amid the sharp vaccine-driven REIT sector rotat...

Other stocks mentioned: AMT, CCI, UNIT
Seeking Alpha - 1 month ago

This is a review of my top REITs for 2020 and my top REITs for 2021. In 2020 my REIT picks performed inline with VNQ.

Other stocks mentioned: ARE, EQIX, FR, FRT, INVH, KRC, LSI, MAA, VICI, VNQ
Business Wire - 2 months ago

BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (NASDAQ: SBAC) (“SBA”) announces that Brendan Cavanagh, Chief Financial Officer, is scheduled to speak at the Citi 2021 Global...

Seeking Alpha - 2 months ago

Data center and cell tower REITs continue to have solid fundamentals and they are getting back to much more attractive pricing. While November has been an incredible month for us, these high-g...

Other stocks mentioned: AMT, CCI, CONE, DLR, EQIX, T, TBB, TMUS, VZ
The Motley Fool - 2 months ago

Investors can find such stocks in numerous sectors.

Other stocks mentioned: BJ, QCOM
Zacks Investment Research - 3 months ago

Robust performance in domestic and international site-leasing business drives SBA Communications' (SBAC) Q3 top-line growth. Improvement in the adjusted EBITDA margin is also encouraging.

Seeking Alpha - 3 months ago

SBA Communications Corporation (SBAC) CEO Jeff Stoops on Q3 2020 Results - Earnings Call Transcript

Zacks Investment Research - 3 months ago

SBA Communications (SBAC) delivered FFO and revenue surprises of 2.59% and 1.20%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Benzinga - 3 months ago

Shares of SBA Communications (NASDAQ:SBAC) were unchanged in after-market trading after the company reported Q3 results. Quarterly Results Earnings per share rose 5.26% year over year to $0.20...

Business Wire - 3 months ago

BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (Nasdaq: SBAC) ("SBA" or the "Company") today reported results for the quarter ended September 30, 2020. Highlights of the thi...

Zacks Investment Research - 3 months ago

While occupancy and uncollected rent woes are likely to have clouded healthcare, retail and office REITs' Q3 performance, high network investment by carriers are expected to have aided tower R...

Other stocks mentioned: O, PEAK, VNO
Benzinga - 3 months ago

SBA Communications (NASDAQ: SBAC) announces its next round of earnings this Monday, November 02. Here is Benzinga's look at SBA Communications's Q3 earnings report.

Investopedia - 3 months ago

These are the REITs with the best value, fastest growth, and most momentum for November.

Other stocks mentioned: BDN, BPYU, COLD, CSGP, EQIX, KIM
Zacks Investment Research - 3 months ago

While a robust tower leasing backdrop is expected to have driven SBA Communications' (SBAC) site leasing revenues, a decline in carrier activities is likely to have hurt Q3 site development re...

Seeking Alpha - 4 months ago

Why Small-Cap REITs Have More Upside - Plus 2 To Buy

Other stocks mentioned: AMT, CCI, DLR, EQIX, IRT, O, PLD, PSA, SPG, UBA, UBP, VNQ, WELL, WY
Business Wire - 4 months ago

BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (NASDAQ: SBAC) (“SBA” and “Company”) announced it will release its third quarter results on Monday, November 2, 2020 after mar...

GuruFocus - 4 months ago

The S&P 500 Index stocks saw their aggregate yearly sales per share increase by approximately 4% on average every year over the past five years. The share price of the benchmark for the U.S. s...

Other stocks mentioned: BAH, ROL
Investopedia - 4 months ago

These are the real estate investment trusts (REITs) with the best value, fastest growth, and most momentum for October 2020.

Other stocks mentioned: ARE, BPYU, COLD, CSGP, EQC, EQIX, KIM, XLRE
Seeking Alpha - 5 months ago

Why New Investors Choose Bad REITs

Other stocks mentioned: AMT, AVB, CCI, CONE, DLR, EQR, ESS, INVH, SUI, WPC
Business Wire - 5 months ago

BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (NASDAQ: SBAC) (“SBA”) announces that Jeffrey A.

Business Wire - 5 months ago

BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (NASDAQ: SBAC) (“SBA”) announces that Brendan Cavanagh, Chief Financial Officer, is scheduled to speak at the Bank of America ...

Business Wire - 5 months ago

BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (NASDAQ: SBAC) (“SBA”) announces that Jeffrey A.

Zacks Investment Research - 5 months ago

SBA Communications (SBAC) reported earnings 30 days ago. What's next for the stock?

Zacks Investment Research - 5 months ago

Higher investment by wireless carriers to enhance networks is driving the demand for SBA Communications' (SBAC) towers. Yet, its highly leveraged balance sheet is likely to increase financial ...

Zacks Investment Research - 6 months ago

Robust performance in domestic and international site-leasing business drives SBA Communications' (SBAC) Q2 revenue growth. Improvement in the adjusted EBITDA margin is also encouraging.

Business Wire - 6 months ago

BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (NASDAQ: SBAC) (“SBA”) announces that Jeffrey A.

Seeking Alpha - 6 months ago

Essential REIT Evaluation: Cell Towers And Data Centers

Other stocks mentioned: AMT, CCI, CONE, COR, EQIX, QTS
Seeking Alpha - 6 months ago

SBA Communications Corp (SBAC) CEO Jeffrey Stoops on Q2 2020 Results - Earnings Call Transcript

Zacks Investment Research - 6 months ago

SBA Communications (SBAC) delivered FFO and revenue surprises of 2.69% and 0.73%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Benzinga - 6 months ago

Shares of SBA Communications (NASDAQ:SBAC) were flat after the company reported Q2 results.

Business Wire - 6 months ago

BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (Nasdaq: SBAC) ("SBA" or the "Company") today reported results for the quarter ended June 30, 2020.

Zacks Investment Research - 6 months ago

SBA Communications (SBAC) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Investors Business Daily - 6 months ago

SBA Communications shows rising price performance, earning an upgrade to its IBD Relative Strength Rating from 79 to 83.

About SBAC

SBA Communications Corporation is a first choice provider and leading owner and operator of wireless communications infrastructure in North, Central, and South America and South Africa. By "Building Better Wireless," SBA generates revenue from two primary businesses – site leasing and site development services. The primary focus of the Company is the leasing of antenna space on its multi-tenant communication sites to a variety of wireless service providers under long-term lease contracts.

Industry
REIT-Specialty
IPO Date
Jun 16, 1999
CEO
Jeffrey Stoops
Employees
1,475
Stock Exchange
NASDAQ
Ticker Symbol
SBAC
Full Company Profile

Financial Performance

In 2019, SBAC's revenue was $2.01 billion, an increase of 7.98% compared to the previous year's $1.87 billion. Earnings were $146.99 million, an increase of 209.77%.

Financial Statements

Analyst Forecasts

According to 17 analysts, the average rating for SBAC stock is "Buy." The 12-month stock price forecast is 321.20, which is an increase of 28.22% from the latest price.

Price Target
$321.20
(28.22% upside)
Analyst Consensus: Buy