SBAC - SBA Communications Corporation

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
+1.31 (+0.52%)
At close: 4:00PM EST
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Previous Close250.73
Bid252.05 x 800
Ask252.08 x 900
Day's Range250.01 - 254.76
52 Week Range171.16 - 270.42
Avg. Volume609,706
Market Cap28.38B
Beta (5Y Monthly)0.60
PE Ratio (TTM)214.87
EPS (TTM)1.17
Earnings DateOct 27, 2019
Forward Dividend & Yield1.48 (0.59%)
Ex-Dividend DateNov 18, 2019
1y Target Est262.27
  • Is SBA Communications Corporation's (NASDAQ:SBAC) CEO Pay Justified?
    Simply Wall St.

    Is SBA Communications Corporation's (NASDAQ:SBAC) CEO Pay Justified?

    Jeff Stoops became the CEO of SBA Communications Corporation (NASDAQ:SBAC) in 2002. This report will, first, examine...

  • Goldman Sachs: 3 5G Stocks to Snap Up Now

    Goldman Sachs: 3 5G Stocks to Snap Up Now

    In a set of interesting reports, Goldman Sachs telecom expert Brett Feldman turns his eye on the American wireless market – and its growing rollover to 5G technology. Feldman notes five reasons why 5G will drive a period of sustained growth for companies with an ‘in.’ While the analyst focuses on tower-leasing REITs, his basic point applies to most companies with a strong connection to the 5G switchover: wireless providers, device makers, chip makers.A look at three of Feldman’s points outlines what we can expect in the next couple of years, as 5G networks expand across the country. First, he notes the obvious – that 2020 will see an expansion of 5G coverage by the Big 4 mobile providers. Second, Apple will launch a 5G capable iPhone this year, which should help drive adoption of the new technology for the next several years. Third, as more users switch to 5G devices, data usage will increase, driving increased cell site density – it will be a virtuous circle.Feldman’s final two points touch on what he sees as the bottom line for investors interested in 5G stocks: that cell tower owners and operators are the best stock position to take as the switch begins and expands. For his fourth point, he notes that auctions this year and next will open up the mid-band spectrum, and drive tower new tower leases. And finally, in point five, Feldman sees the deployment of new antennas and consequent increase of mid-band spectrum use, driving the expansion of towers and the increase in tower loading and usage going forward.The move to 5G has potential to turn wireless markets upside down. The Big 4 have all initiated coverage in the new network, but so far only T-Mobile has launched it nation-wide. AT&T, Sprint, and Verizon are initiating 5G coverage on the high-band spectrum in limited, dense, urban markets. And a group of REITs that specialize in tower properties are positioned to gain, no matter how the chips fall out for the wireless providers.In this article, we’ll look at three Goldman Sachs 5G stock recommendations. All three score high on TipRanks’ Smart Score system – rating a 9 or 10. The Smart Score brings together collects and collates data on more than 6,500 stocks, information drawn from across the TipRanks database, and distills it down to a single number. A 9 or 10 rating indicates that the stock is likely to outperform the broader markets in the coming months.SBA Communications Corporation (SBAC)First up is SBA Communications, a real estate investment trust. REITs are companies that buy, own, and operate various residential and commercial properties, making their profits on through rents and management fees. Cell tower properties are a common commercial investment for REITs, and as pointed out above, this combination is Brett Feldman’s favorite 5G investment. SBA is exactly that type of REIT; it owns and operates wireless infrastructure, including small cells, distributed antenna systems, and traditional cell sites.The popularity of wireless systems, the necessity of the tech infrastructure to modern life, and the switch to 5G have all put SBA on an upward trajectory. The shares gained 50% in 2019. The company has consistently beaten the expectations in the quarterly earnings reports.The numbers show that, as far as they can. In Q3 2019, the most recent reported, SBAC showed funds from operations (FFO – the REIT equivalent to earnings per share) of $2.15, opposed to the expected $2.08 and up 12% from the year-ago value. Revenues were equally strong. At $507.55 million, revenues were 2% higher than forecast, and up 8.6% year-over-year.This strong stock performance got Feldman’s full attention. He upgraded SBAC to a Buy rating, writing, “We expect acceleration in domestic organic leasing growth as carriers expand their 5G coverage and begin to overlay mid-band spectrum, and as SBAC sees a material decline in M&A driven churn. We estimate that over the next five years, SBAC can repurchase $7.1bn of stock and return $1.3bn in dividends to shareholders, while maintaining leverage at 7.0x net debt/EBITDA.”Feldman put a $280 price target on SBAC, indicating room for 12% growth in the next 12 months.SBA gets a Moderate Buy rating from the analyst consensus, based on 2 Buys and 1 Hold. The relatively small number of reviews reflects the ‘under the radar’ profile of most REITs in the markets; these stocks, while frequently strong on fundamentals, tend to get passed over in favor of bigger, flashier companies. Shares in SBAC sell for $248, and the $261.33 average price target suggests a modest 5% upside potential. (See SBA stock analysis at TipRanks)American Tower Corporation (AMT)The second stock on our list takes the tower-oriented REIT model a step up in size. American Tower is another owner/operator of wireless infrastructure – but this company has a $103 billion market cap and a global investment footprint. AMT owns over 170,000 telecom infrastructure sites. The company’s portfolio includes over 75,000 sites in Asia, 40,000 in the US, and 37,000 in Latin America. Another 16,000 sites in Europe, Africa, and the Mid-East round out AMT’s holdings.The full-year 2019 numbers are not available yet, but the value of the tower-oriented REIT is shown by AMT’s $7.44 billion in 2018 revenues. The most recent quarterly on record is from Q3, and shows a $2 FFO, 2% over expectation, and revenues of $1.95 billion, a 5% forecast beat. Both FFO and revenues were up significantly year-over-year. In reaction, AMT showed a 49% share appreciation last year.Feldman writes of AMT, “We believe that AMT should trade at a significant premium to the median of high-quality REITs… We have also increased the terminal growth rate … to reflect our view that the 5G cycle is likely to support leasing activity well beyond our 5-year forecasting period.”In line with his upbeat outlook on the company, Feldman gave AMT shares his second upgrade – to a Buy rating. His $270 price target implies an upside potential of 15%.Like SBAC, American Tower has a Moderate Buy rating from the analyst consensus. This is based on 6 reviews, including 4 Buys and 2 Holds. The $243.83 average price target suggests an upside of 4% from the $233 current trading price. (See American Tower’s stock analysis at TipRanks)Verizon Communications (VZ)With Verizon, the third stock on our list, we shift gears from wireless infrastructure to a major wireless provider. Verizon is the second largest US wireless services company, by subscriber count, with over 118 million customers as of September 2019. The company’s $130 billion in 2018 revenue shows the both the size and income potential of the mobile market in the US.Verizon hasn’t seen the magnitude of gains that the tower REITs have, but the growth in wireless has given a boost to the company’s top and bottom lines. Revenues in Q3 last year were $32.9 billion, a half percent above the forecast, and the $1.25 EPS was 1% above the estimates. In a key metric – net retail additions – the 601,000 reported was up more than double year-over-year.Solid quarterly results and a firm position in a growth market attracted Feldman to Verizon. In his comments on Verizon, he writes, “How much could 5G boost postpaid ARPU/ARPA? Our analysis of Verizon’s unlimited pricing implies that its consumer accounts with unlimited plans generate monthly ARPA (average revenue per account) that is 11-48% higher than its reported consumer ARPA of $113.39 in 3Q19… [We see] significant revenue growth opportunity for Verizon if the 5G upgrade cycle does indeed stimulate more customers to upgrade to unlimited plans, or to migrate to higher unlimited tiers.”Feldman reiterates his Buy rating on this stock, and raised his price target by 3% to $67. His new price target implies an upside for the stock of 7.6% in the coming 12 months. (To watch Feldman’s track record, click here)Like the two stocks above, Verizon holds a Moderate Buy consensus rating. In the case of VZ, this rating is based on 4 Buy and 6 Holds given in the past 3 months. Shares are selling for $59.04, and the average price target of $63.56 suggests an upside of ~8%. (See Verizon’s stock analysis at TipRanks)

  • Hedge Fund Favorites vs. SBA Communications Corporation (SBAC) In 2019
    Insider Monkey

    Hedge Fund Favorites vs. SBA Communications Corporation (SBAC) In 2019

    We are still in an overall bull market and many stocks that smart money investors were piling into surged in 2019. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained more than 57% each. Hedge funds' top 3 stock picks returned 45.7% this year and beat the S&P 500 […]

  • Business Wire

    SBA Communications Corporation to Speak at the Citi 2020 Global TMT West Conference

    SBA Communications Corporation (NASDAQ: SBAC) ("SBA") announces that Brendan Cavanagh, Chief Financial Officer, is scheduled to speak at the Citi 2020 Global TMT West Conference on Tuesday, January 7, 2020 at 11:00AM PT. This conference will be at The Bellagio in Las Vegas, NV. The audio presentation for SBA can be accessed by visiting

  • Business Wire

    SBA Communications Appoints Fidelma Russo to Board of Directors

    SBA Communications Corporation (NASDAQ: SBAC) ("SBA") today announced that Fidelma Russo has been elected to the Board of Directors of SBA effective January 1, 2020. Ms. Russo will serve as an independent director and her election will expand the Board of Directors to nine members.

  • Do Hedge Funds Love SBA Communications Corporation (SBAC)?
    Insider Monkey

    Do Hedge Funds Love SBA Communications Corporation (SBAC)?

    We at Insider Monkey have gone over 752 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of September 30th. In this article, we look at what those funds think of SBA Communications Corporation (NASDAQ:SBAC) based on that […]

  • Why Is SBA Communications (SBAC) Down 0.7% Since Last Earnings Report?

    Why Is SBA Communications (SBAC) Down 0.7% Since Last Earnings Report?

    SBA Communications (SBAC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.


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  • 5 REITs That Make the Cloud Pay You Dividends

    5 REITs That Make the Cloud Pay You Dividends

    Most investors know about tech stocks that have harnessed the cloud for growth, such as (CRM), Adobe Systems (ADBE) and (AMZN).But are you familiar with the cloud's landlords?"Cloud czars" don't operate entirely on their own. There's a huge industry in connecting these clouds to each other, and to large and small customers alike. It requires cell towers, data centers and other communications technology.A number of real estate investment trusts (REITs) specialize in properties and other assets that ensure your tablet can stream Netflix (NFLX) content and that your company's data is secured in the cloud. As a reminder: REITs are a special type of business structure - one that requires at least 90% of taxable income be paid out to shareholders as dividends, in exchange for generous tax benefits.Many of these stocks have risen by leaps and bounds in 2019, though they're getting expensive as a result. Still, they sit smack-dab in the middle of a growth industry, and some of them remain valuable as takeover targets. Private equity firms EQT Partners and Digital Colony Partners bought fiber network owner Zayo Group for $8 billion in May. And in October, Digital Realty Trust (DLR) bought European data center giant Interxion (INXN) for $8.4 billion.Here are five REITs that can help you squeeze dividends out of the cloud. If you're looking for a broad-based play on the industry, the Pacer Benchmark Data & Infrastructure Real Estate ETF (SRVR) invests in 20 such companies. However, these five holdings stand out among the rest. SEE ALSO: 20 Dividend Stocks to Fund 20 Years of Retirement


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  • Moody's

    SBA Communications Corporation -- Moody's upgrades SBA Communications' CFR to Ba3; outlook stable

    Moody's Investors Service (Moody's) upgraded all ratings of SBA Communications Corporation (SBAC) and its operating subsidiary, SBA Senior Finance II, LLC, by one notch, including SBAC's corporate family rating (CFR) to Ba3 from B1. Concurrently, Moody's assigned SGL-1 speculative grade liquidity rating to SBAC, indicating very strong liquidity.

  • SBA Communications (SBAC) Beats Q3 AFFO & Revenue Estimates

    SBA Communications (SBAC) Beats Q3 AFFO & Revenue Estimates

    Solid operating results in the leasing and site development businesses, primarily due to customers' 4G densification work, drive SBA Communications' (SBAC) third-quarter 2019 earnings.

  • SBA Communications (SBAC) Surpasses Q3 FFO and Revenue Estimates

    SBA Communications (SBAC) Surpasses Q3 FFO and Revenue Estimates

    SBA Communications (SBAC) delivered FFO and revenue surprises of 3.37% and 1.90%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Business Wire

    SBA Communications Corporation Declares Cash Dividend

    SBA Communications Corporation today announced that its Board of Directors has declared a quarterly cash dividend of $0.37 per share of the Company’s Class A common stock.

  • What Awaits SBA Communications (SBAC) This Earnings Season?

    What Awaits SBA Communications (SBAC) This Earnings Season?

    Robust site leasing operations in both domestic and international markets are likely to have supported SBA Communications' (SBAC) AFFO in third-quarter 2019.

  • Can You Imagine How Chuffed SBA Communications's (NASDAQ:SBAC) Shareholders Feel About Its 119% Share Price Gain?
    Simply Wall St.

    Can You Imagine How Chuffed SBA Communications's (NASDAQ:SBAC) Shareholders Feel About Its 119% Share Price Gain?

    The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But on the bright side...

  • Is SBA Communications Corporation (SBAC) Going to Burn These Hedge Funds?
    Insider Monkey

    Is SBA Communications Corporation (SBAC) Going to Burn These Hedge Funds?

    The Insider Monkey team has completed processing the quarterly 13F filings for the June quarter submitted by the hedge funds and other money managers included in our extensive database. Most hedge fund investors experienced strong gains on the back of a strong market performance, which certainly propelled them to adjust their equity holdings so as […]

  • Business Wire

    SBA Communications Corporation Sets Date for Third Quarter 2019 Earnings Release

    SBA Communications Corporation announced it will release its third quarter results on Monday, October 28, 2019 after market close.

  • American Tower (AMT) Prices Senior Notes to Raise Capital

    American Tower (AMT) Prices Senior Notes to Raise Capital

    American Tower (AMT) plans to use proceeds raised from the senior unsecured notes offering to repay outstanding debt under its multi-currency senior-unsecured revolving credit facility.

  • Encouraging Near-Term Outlook for Equity REIT Stocks

    Encouraging Near-Term Outlook for Equity REIT Stocks

    Encouraging Near-Term Outlook for Equity REIT Stocks

  • Will 5G Deployment Create Room for Investment in Tower REITs?

    Will 5G Deployment Create Room for Investment in Tower REITs?

    As the wireless industry rolls out the 5G technology, the latest network deployment is triggering demand for tower leasing which looks encouraging for the days ahead.

  • Why REITS could be a sweet spot in 2020
    Yahoo Finance Video

    Why REITS could be a sweet spot in 2020

    Benchmark CEO Kevin Kelly joins the On the Move panel to break down why he expects overall REITS to return 9-12 percent in 2020 despite claiming that not all real estate is created equal.