Streetbeat News

SBAC

SBA Communications Corporation

https://www.sbasite.com

Industry

REIT - Specialty

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.

Open

212.29

Mkt cap

23B

Volume

814K

High

214.41

P/E Ratio

33.80

52-wk high

256.68

Low

211.66

Div yield

0.02

52-wk low

183.64

SBA Comms (NASDAQ:SBAC) will distribute a dividend payout of $0.85 per share on September 20, 2023, equating to an annualized dividend yield of 1.55%. The company has shown a positive trend in both dividend per share and earnings per share from 2020 to 2022, indicating a strong financial performance and its ability to continue rewarding shareholders.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 3:05 pm

Nikola Corporation has appointed Mary S. Chan as its new Chief Operating Officer, effective from October 9, 2023. Chan has a rich history in the automotive and technology sectors, having served in leadership roles at VectoIQ, General Motors, and Dell Inc. She also holds board positions at Magna International, SBA Communications Corporation, and CommScope Holding Company.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 10:16 am

SBA Communications has announced the appointment of Marc Montagner as CFO, effective from January 1, 2024. Additionally, Brendan Cavanagh will succeed Jeffrey Stoops as President and CEO from the same date.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 2:17 pm

Over the past 3 months, 12 analysts have published their opinion on SBA Comms (NASDAQ:SBAC) stock. The company has an average price target of $281.75, a decrease of 7.2% from the previous average price target of $303.60. The ratings are mostly bullish to somewhat bullish.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 5:00 pm

Morgan Stanley analyst Simon Flannery has maintained an Overweight rating on SBA Comms (NASDAQ:SBAC) and raised the price target from $308 to $311.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 2:45 pm

Several analyst forecasts were released on Tuesday, with changes in price targets for multiple companies. Notably, UBS lowered the price target for The Estée Lauder Companies Inc. (EL) from $207 to $172, while Susquehanna boosted Permian Resources Corporation's (PR) price target from $11 to $14. Morgan Stanley increased the price target for Arhaus, Inc. (ARHS) from $9 to $12, and B of A Securities increased Hasbro, Inc.'s (HAS) price target from $85 to $90. Wells Fargo raised Intuit Inc.'s (INTU) price target from $525 to $550, and B of A Securities cut Xcel Energy Inc.'s (XEL) price target from $72 to $60.

Portfolio Pulse from Lisa Levin

August 22, 2023 | 12:12 pm

SBA Comms (NASDAQ:SBAC) has received a mix of bullish and indifferent ratings from analysts in the last quarter. The average price target is $279.09, representing an upside from the current price of $218.22. However, this target is a 7.92% decrease from the previous average price target of $303.11.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 12:00 pm

Raymond James analyst Ric Prentiss has maintained a 'Strong Buy' rating on SBA Comms (NASDAQ:SBAC), but lowered the price target from $297 to $285.

Portfolio Pulse from richadhand@benzinga.com

August 22, 2023 | 11:14 am

SBA Comms (NASDAQ:SBAC) has outperformed the market over the past 15 years, producing an average annual return of 13.73%. If an investor had bought $1000 of SBAC stock 15 years ago, it would be worth $6,899.67 today.

Portfolio Pulse from Benzinga Insights

August 15, 2023 | 6:00 pm

RBC Capital analyst Jonathan Atkin has maintained an 'Outperform' rating on SBA Comms (NASDAQ:SBAC), but lowered the price target from $276 to $265.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 11:53 am

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