SBA Communications Corporation (NASDAQ:SBAC) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of SBA Communications Corporation (NASDAQ:SBAC) have been given a consensus recommendation of “Moderate Buy” by the seventeen analysts that are presently covering the company, Marketbeat reports. Eight investment analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $249.0667.

SBAC has been the topic of several analyst reports. Barclays dropped their target price on shares of SBA Communications from $257.00 to $226.00 and set an “overweight” rating on the stock in a research report on Monday, September 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of SBA Communications in a research report on Saturday, September 27th. UBS Group boosted their price objective on shares of SBA Communications from $280.00 to $285.00 and gave the company a “buy” rating in a research report on Tuesday, July 8th. Bank of America downgraded shares of SBA Communications from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $260.00 to $230.00 in a research report on Wednesday, August 27th. Finally, Royal Bank Of Canada lowered their price objective on shares of SBA Communications from $255.00 to $235.00 and set an “outperform” rating on the stock in a research report on Thursday.

SBA Communications Price Performance

SBA Communications stock opened at $192.09 on Friday. The firm’s 50 day simple moving average is $208.42 and its 200-day simple moving average is $221.63. The company has a market cap of $20.63 billion, a P/E ratio of 24.41, a price-to-earnings-growth ratio of 1.81 and a beta of 0.82. SBA Communications has a fifty-two week low of $186.81 and a fifty-two week high of $252.64.

SBA Communications (NASDAQ:SBAC) last released its earnings results on Monday, August 4th. The technology company reported $3.17 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.07. The business had revenue of $698.98 million for the quarter, compared to the consensus estimate of $670.73 million. SBA Communications had a net margin of 31.19% and a negative return on equity of 16.83%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the firm posted $3.29 earnings per share. SBA Communications has set its FY 2025 guidance at EPS. On average, analysts expect that SBA Communications will post 12.57 EPS for the current fiscal year.

SBA Communications Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, August 21st were given a dividend of $1.11 per share. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $4.44 dividend on an annualized basis and a yield of 2.3%. SBA Communications’s payout ratio is presently 56.42%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Independence Bank of Kentucky purchased a new position in SBA Communications during the first quarter valued at approximately $28,000. CVA Family Office LLC lifted its stake in SBA Communications by 106.3% in the second quarter. CVA Family Office LLC now owns 130 shares of the technology company’s stock valued at $31,000 after acquiring an additional 67 shares during the last quarter. Stone House Investment Management LLC acquired a new stake in SBA Communications in the first quarter valued at approximately $33,000. Allworth Financial LP lifted its stake in SBA Communications by 62.0% in the first quarter. Allworth Financial LP now owns 162 shares of the technology company’s stock valued at $36,000 after acquiring an additional 62 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in SBA Communications by 105.0% in the first quarter. Geneos Wealth Management Inc. now owns 164 shares of the technology company’s stock valued at $36,000 after acquiring an additional 84 shares during the last quarter. 97.35% of the stock is owned by hedge funds and other institutional investors.

SBA Communications Company Profile

SBA 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.