|Bid||239.54 x 800|
|Ask||239.81 x 1300|
|Day's Range||238.68 - 242.02|
|52 Week Range||155.19 - 270.42|
|Beta (3Y Monthly)||0.66|
|PE Ratio (TTM)||204.83|
|Earnings Date||Oct 28, 2019|
|Forward Dividend & Yield||1.48 (0.62%)|
|1y Target Est||257.73|
Most investors know about tech stocks that have harnessed the cloud for growth, such as Salesforce.com (CRM), Adobe Systems (ADBE) and Amazon.com (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
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.
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) 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?
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.
Robust site leasing operations in both domestic and international markets are likely to have supported SBA Communications' (SBAC) AFFO in third-quarter 2019.
The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But on the bright side...
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 […]
SBA Communications Corporation announced it will release its third quarter results on Monday, October 28, 2019 after market close.
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.
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.
Rating Action: Moody's assigns definitive rating to SBA Communications wireless tower-backed securities. Global Credit Research- 13 Sep 2019. New York, September 13, 2019-- Moody's Investors Service has ...
Executive Vice President & CFO of Sba Communications Corp (30-Year Financial, Insider Trades) Brendan Thomas Cavanagh (insider trades) sold 54,411 shares of SBAC on 09/04/2019 at an average price of $268.07 a share. Continue reading...
Rating Action: Moody's assigns provisional ratings to SBA Communications wireless tower-backed securities. Global Credit Research- 03 Sep 2019. New York, September 03, 2019-- Moody's Investors Service ...