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SBA Communications Corporation (SBAC)

Stock Price: $293.44 USD 2.53 (0.87%)
Updated May 10, 2021 3:27 PM EDT - Market open
Market Cap 31.81B
Revenue (ttm) 2.11B
Net Income (ttm) 139.42M
Shares Out 109.47M
EPS (ttm) 1.24
PE Ratio 237.60
Forward PE 90.09
Dividend $2.09
Dividend Yield 0.71%
Trading Day May 10
Last Price $293.44
Previous Close $290.91
Change ($) 2.53
Change (%) 0.87%
Day's Open 292.83
Day's Range 289.75 - 293.44
Day's Volume 265,743
52-Week Range 232.32 - 327.07

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Earlier this week, investment firm Diamond Hill Capital (Trades, Portfolio) disclosed its portfolio for the first quarter, which ended March 31.

Other stocks mentioned: ABBV, BCEI, FB, TJX, VZ, ZNGA
4 days ago - GuruFocus

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

1 week ago - Business Wire

Substantial growth in both services and leasing businesses aid SBA Communications' (SBAC) strong Q1 results. Robust leasing activity level enables it to increase the 2021 outlook.

Other stocks mentioned: UPS
1 week ago - Zacks Investment Research

SBA Communications (SBAC) delivered FFO and revenue surprises of 5.31% and 2.42%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

1 week ago - Zacks Investment Research

BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (Nasdaq: SBAC) ("SBA" or the "Company") today reported results for the quarter ended March 31, 2021. Highlights of the first quarter inc...

1 week ago - Business Wire

The pandemic-induced economic disruption and its impact have widely varied across different property types and hence, delving deeper into the asset fundamentals and markets of each REIT becomes all the ...

Other stocks mentioned: AGNC, ARE, SUI
2 weeks ago - Zacks Investment Research

SBA Communications (NASDAQ:SBAC) releases its next round of earnings this Monday, April 26. Here is Benzinga's essential guide to SBA Communications's Q1 earnings report.

2 weeks ago - Benzinga

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

2 weeks ago - Zacks Investment Research

5G wireless technology is here, and it's going to be spectacular. But unlike the handful of hot 5G stocks that have dominated investor sentiment, the next big winner isn't in the network, it's in the en...

Other stocks mentioned: DISH, ERIC, NVDA, PANW, QCOM, SWKS, TEF ...
2 weeks ago - InvestorPlace

Strength in site leasing, backed by aggressive network deployments by wireless carriers, is likely to have been a growth driver for SBA Communications (SBAC) in Q1.

2 weeks ago - Zacks Investment Research

Verizon Communications Inc (NYSE: VZ) has inked deals with Crown Castle International Corp (NYSE: CCI) and SBA Communications Corp (NASDAQ: SBAC) to accelerate the deployment of C-band equipment for the...

Other stocks mentioned: CCI, VZ, VZA
4 weeks ago - Benzinga

BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (NASDAQ: SBAC) (“SBA” and “Company”) announced it will release its first quarter results on Monday, April 26, 2021 after market close. S...

1 month ago - Business Wire

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

1 month ago - Zacks Investment Research

Wireless communications infrastructure owner SBA Communications Corporation (NASDAQ: SBAC) offers a more attractive risk despite a shift in sentiment away from "safer names" like tower stocks, according...

2 months ago - Benzinga

Investors betting on next-generation wireless networking technology need to find 5G stocks that have additional growth drivers.

Other stocks mentioned: AMZN, GOOG, GOOGL, NVDA, QCOM, SIEGY, T
2 months ago - Kiplinger

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

2 months ago - Business Wire

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 Deutsche Bank's...

2 months ago - Business Wire

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 2021 Citi V...

2 months ago - Business Wire

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%.

2 months ago - Zacks Investment Research

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 $0.94, whi...

2 months ago - Benzinga

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 fourth quarter...

2 months ago - Business Wire

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.

2 months ago - Benzinga

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 Morgan Stan...

2 months ago - Business Wire

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.

2 months ago - Zacks Investment Research

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 42nd Annual ...

2 months ago - Business Wire

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 Corporation ...

3 months ago - Business Wire

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
3 months ago - Investopedia

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 market clos...

3 months ago - Business Wire

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 playing bl...

Other stocks mentioned: ADC, AMT, CONE, COR, EQIX, GME, KRC ...
3 months ago - Seeking Alpha

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 of drivin...

Other stocks mentioned: AMT, CCI, ELS, MORT, PFF, SUI, VNQ
3 months ago - Seeking Alpha

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 flexibility.

3 months ago - Zacks Investment Research

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. Stockholders are ...

3 months ago - Business Wire

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 notes due 202...

3 months ago - Business Wire

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 senior not...

3 months ago - Business Wire

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 rotation. 5G Is...

Other stocks mentioned: AMT, CCI, UNIT
3 months ago - Seeking Alpha

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 ...
4 months ago - Seeking Alpha

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 TMT West ...

4 months ago - Business Wire

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-growth REIT...

Other stocks mentioned: AMT, CCI, CONE, DLR, EQIX, T, TBB ...
5 months ago - Seeking Alpha

Investors can find such stocks in numerous sectors.

Other stocks mentioned: BJ, QCOM
5 months ago - The Motley Fool

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.

6 months ago - Zacks Investment Research

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

6 months ago - Seeking Alpha

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?

6 months ago - Zacks Investment Research

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, which mi...

6 months ago - Benzinga

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 third quarter...

6 months ago - Business Wire

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 REITs.

Other stocks mentioned: O, PEAK, VNO
6 months ago - Zacks Investment Research

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.

6 months ago - Benzinga

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

Other stocks mentioned: BDN, BPYU, COLD, CSGP, EQIX, KIM
6 months ago - Investopedia

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 revenues.

6 months ago - Zacks Investment Research

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

Other stocks mentioned: AMT, CCI, DLR, EQIX, IRT, O, PLD ...
6 months ago - Seeking Alpha

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 market close....

6 months ago - Business Wire

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. For more information please visit: www.sbasite.com.

Industry
REIT-Specialty
IPO Date
Jun 16, 1999
CEO
Jeffrey Stoops
Employees
1,483
Stock Exchange
NASDAQ
Ticker Symbol
SBAC
Full Company Profile

Financial Performance

In 2020, SBAC's revenue was $2.08 billion, an increase of 3.40% compared to the previous year's $2.01 billion. Earnings were $24.10 million, a decrease of -83.60%.

Financial Statements

Analyst Forecasts

According to 17 analysts, the average rating for SBAC stock is "Buy." The 12-month stock price forecast is 335.50, which is an increase of 14.34% from the latest price.

Price Target
$335.50
(14.34% upside)
Analyst Consensus: Buy