SBA CommunicationsSBAC
SBAC
About: SBA Communications owns and operates almost 40,000 cell towers throughout North America, South America, and Africa. It leases space on its towers to wireless service providers, which install equipment on the towers to support their wireless networks. The company has a very concentrated customer base, with most revenue in each market being generated by just the top few mobile carriers. It owns more than 17,000 towers in the US, which accounted for about 70% of the company's total revenue in 2023. Internationally, SBA's greatest presence is in Brazil, where it operates roughly 10,000 towers. SBA operates as a real estate investment trust.
Employees: 1,787
0
Funds holding %
of 6,831 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
108% more call options, than puts
Call options by funds: $54.3M | Put options by funds: $26.1M
86% more first-time investments, than exits
New positions opened: 93 | Existing positions closed: 50
14% more capital invested
Capital invested by funds: $22.5B [Q2] → $25.6B (+$3.11B) [Q3]
6% more funds holding
Funds holding: 630 [Q2] → 666 (+36) [Q3]
2% more repeat investments, than reductions
Existing positions increased: 249 | Existing positions reduced: 244
0.18% more ownership
Funds ownership: 99.02% [Q2] → 99.21% (+0.18%) [Q3]
10% less funds holding in top 10
Funds holding in top 10: 10 [Q2] → 9 (-1) [Q3]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$210
3%
upside
Avg. target
$236
16%
upside
High target
$254
25%
upside
4 analyst ratings
2 positive
50%
2 neutral
50%
0 negative
0%
JMP Securities Greg Miller 0 / 0 met price target | 23%upside $250 | Market Outperform Initiated | 27 Jan 2025 |
Wells Fargo Eric Luebchow 69% 1-year accuracy 31 / 45 met price target | 3%upside $210 | Equal-Weight Maintained | 23 Jan 2025 |
Barclays Tim Long 56% 1-year accuracy 31 / 55 met price target | 25%upside $254 | Overweight Maintained | 13 Jan 2025 |
BMO Capital Ari Klein 31% 1-year accuracy 4 / 13 met price target | 13%upside $230 | Market Perform Downgraded | 18 Dec 2024 |
Financial journalist opinion
Based on 3 articles about SBAC published over the past 30 days
Neutral
Business Wire
21 hours ago
SBA Communications Corporation Sets Date for Fourth Quarter 2024 Earnings Release
BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (NASDAQ: SBAC) (“SBA” and “Company”) announced it will release its fourth quarter results on Monday, February 24, 2025 after market close. SBA will host a conference call on Monday, February 24, 2025 to discuss these results. The call may be accessed as follows: When: Monday, February 24, 2025 at 5:00 PM (EDT) Dial-in Number: 1-202-735-3323 Access Code: 8704344 Conference Name: SBA Fourth Quarter 2024 Results Replay Available: (8.
Neutral
Business Wire
2 weeks ago
SBA Communications Corporation Announces Tax Reporting Information for 2024 Distributions
BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (Nasdaq: SBAC) ("SBA" or the "Company") today announced year-end tax reporting information for its 2024 distributions. Stockholders are urged to consult with their personal tax advisors as to their specific tax treatment. SBA Communications Corporation Common Stock CUSIP 78410G104 Ticker Symbol: SBAC Record Date Payment Date Cash Distribution (per share) Ordinary Taxable Dividends (per share) Section 199A Dividends (1) (per share.
Positive
Seeking Alpha
3 weeks ago
SBA Communications: Mission-Critical Assets At A Hefty Discount
SBA Communications' stock has dropped to far below historical valuation, creating an attractive entry point for long-term investors in mission-critical wireless infrastructure. SBAC benefits from durable revenue streams, low tenant turnover, and strong profitability, supported by a high EBITDA margin and growing international presence. Recent Central American acquisition enhances growth prospects, while disciplined capital allocation supports dividend growth and financial flexibility.
Positive
Seeking Alpha
1 month ago
2 REITs Investors Should Own In 2025
The REIT market has something for everyone. There are income, growth, and deep value opportunities. But a few REITs have it all. We highlight 2 such REITs to own in 2025.
Positive
Seeking Alpha
1 month ago
Retire Rich: 2 Undervalued REITs To Secure Your Income Stream
Realty Income and Crown Castle offer high yields and trade below intrinsic values, making them attractive for income investors. Realty Income's triple net lease model, high credit rating, and global expansion ensure stable cash flows and consistent dividend growth. Crown Castle's extensive cell tower, small cell, and fiber assets position it well for growth in the digital economy.
Positive
Zacks Investment Research
1 month ago
Is it Wise to Retain SBA Communications Stock in Your Portfolio Now?
The rising adoption of data-driven devices and applications aids SBAC. High customer concentration and the ongoing consolidation in the wireless industry ail.
Neutral
Business Wire
2 months ago
SBA Communications Corporation to Speak at the UBS Global Media and Communications Conference
BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (NASDAQ: SBAC) (“SBA”) announces that Marc Montagner, Chief Financial Officer, is scheduled to speak at the UBS Global Media and Communications Conference, Tuesday, December 10, 2024 at 9:00 AM (ET). The conference will be at the UBS Office on 11 Madison Avenue in New York. The audio presentation for SBA can be accessed by visiting www.sbasite.com. About SBA Communications Corporation SBA Communications Corporation is a leading i.
Neutral
Investors Business Daily
2 months ago
Nvidia's Profit Ruled Last Quarter — Now It's These 8 Stocks' Turn
Nvidia reported third-quarter profit that doubled — putting it near the top of the S&P 500's growth. But look for profit growth elsewhere.
Neutral
Business Wire
2 months ago
SBA Communications Corporation to Speak at the BofA Securities 2024 Leveraged Finance Conference
BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (NASDAQ: SBAC) (“SBA”) announces that Marc Montagner, Chief Financial Officer, is scheduled to speak at the BofA Securities 2024 Leveraged Finance Conference, Tuesday, December 3, 2024 at 4:10 PM (ET). The conference will be at The Boca Raton in Boca Raton, Florida. The audio presentation for SBA can be accessed by visiting www.sbasite.com. About SBA Communications Corporation SBA Communications Corporation is a leading independe.
Positive
Seeking Alpha
3 months ago
SBA Communications: Still An Appealing Play Despite Mixed Quarterly Results
SBA Communications Corporation reported mixed Q3 2024 results, with earnings per share and FFO exceeding estimates but revenue falling short, leading to a tepid market reaction. Despite revenue decline, the company raised full-year 2024 guidance, showing confidence in future performance and maintaining a bullish outlook. Shares have outperformed the S&P 500 by 22% since April, and the stock remains a decent 'buy' candidate due to its valuation and stability.
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