SBA Communications (NASDAQ:SBAC) Price Target Lowered to $195.00 at Wells Fargo & Company

SBA Communications (NASDAQ:SBAC) had its price target decreased by Wells Fargo & Company from $205.00 to $195.00 in a research note issued to investors on Friday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the technology company’s stock.

A number of other equities research analysts have also recently commented on SBAC. Scotiabank cut their target price on SBA Communications from $252.00 to $233.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 14th. Royal Bank Of Canada cut their price objective on shares of SBA Communications from $235.00 to $232.00 and set an “outperform” rating on the stock in a research report on Monday, November 10th. UBS Group decreased their target price on shares of SBA Communications from $275.00 to $260.00 and set a “buy” rating for the company in a report on Tuesday, January 20th. Williams Trading set a $237.00 target price on shares of SBA Communications in a research note on Tuesday, November 4th. Finally, JPMorgan Chase & Co. reduced their price target on shares of SBA Communications from $245.00 to $240.00 and set a “neutral” rating for the company in a research report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $234.59.

SBA Communications Price Performance

SBAC stock traded up $8.99 during midday trading on Friday, hitting $201.16. The stock had a trading volume of 2,197,243 shares, compared to its average volume of 957,024. The firm has a market cap of $21.43 billion, a price-to-earnings ratio of 21.11, a price-to-earnings-growth ratio of 1.82 and a beta of 0.87. The business has a 50-day moving average of $190.66 and a two-hundred day moving average of $195.28. SBA Communications has a 52-week low of $177.49 and a 52-week high of $245.16.

SBA Communications (NASDAQ:SBAC) last released its earnings results on Thursday, February 26th. The technology company reported $3.47 earnings per share for the quarter, topping analysts’ consensus estimates of $3.25 by $0.22. SBA Communications had a net margin of 36.40% and a negative return on equity of 20.71%. The firm had revenue of $719.58 million for the quarter, compared to the consensus estimate of $725.80 million. During the same period in the prior year, the firm earned $3.47 EPS. The company’s revenue was up 3.7% compared to the same quarter last year. Research analysts predict that SBA Communications will post 12.57 earnings per share for the current year.

SBA Communications Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be paid a $1.25 dividend. This is an increase from SBA Communications’s previous quarterly dividend of $1.11. The ex-dividend date is Friday, March 13th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.5%. SBA Communications’s dividend payout ratio (DPR) is 57.89%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SBAC. Dodge & Cox grew its stake in shares of SBA Communications by 24.1% during the 4th quarter. Dodge & Cox now owns 11,996,134 shares of the technology company’s stock valued at $2,320,412,000 after purchasing an additional 2,328,837 shares during the period. Norges Bank purchased a new position in shares of SBA Communications in the fourth quarter worth approximately $302,774,000. Arrowstreet Capital Limited Partnership grew its position in SBA Communications by 256.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,092,612 shares of the technology company’s stock valued at $211,344,000 after buying an additional 785,850 shares during the period. Millennium Management LLC increased its holdings in SBA Communications by 171.8% during the fourth quarter. Millennium Management LLC now owns 811,543 shares of the technology company’s stock valued at $156,977,000 after buying an additional 513,002 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its holdings in SBA Communications by 799.8% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 571,308 shares of the technology company’s stock valued at $134,166,000 after buying an additional 507,815 shares during the last quarter. Institutional investors own 97.35% of the company’s stock.

More SBA Communications News

Here are the key news stories impacting SBA Communications this week:

• Positive Sentiment: Company raised its quarterly dividend ~12.6% to $1.25/share (annualized yield ~2.5%), signaling cash-return strength and management confidence. Dividend Announcement
• Positive Sentiment: Reported GAAP EPS beat: $3.47 vs. consensus $3.25, which likely supported the rally despite revenue softness. Earnings Release
• Positive Sentiment: Management highlighted active site acquisitions and signaled roughly $35M of new U.S. leasing revenue for 2026 and Central America expansion—points that support medium‑term growth expectations. Growth Commentary
• Neutral Sentiment: FY‑2026 revenue guidance was reiterated/updated to roughly $2.8–$2.9B (near consensus), leaving full-year outlook largely in line with expectations. Guidance Snapshot
• Neutral Sentiment: Earnings materials and call transcript/slide deck were posted for investor review (useful for assessing guidance and site-acquisition pace). Slide Deck
• Negative Sentiment: FFO/AFFO and revenue missed consensus—FFO $3.19 vs. est. $3.25—and management cited higher costs and interest expense, which pressured core cash‑flow metrics. FFO/AFFO Miss
• Negative Sentiment: Domestic site‑leasing revenue showed weakness, a near‑term operating headwind for U.S. cash flows. Domestic Leasing Decline
• Negative Sentiment: Wells Fargo cut its price target to $195 from $205 and moved the stock to an “equal weight” rating — a near‑term analyst drag on sentiment. Analyst PT Cut

SBA Communications Company Profile

SBA Communications Corporation (NASDAQ: SBAC) is a real estate investment trust that owns, operates and develops wireless communications infrastructure. Its core business is the leasing of space on communications towers, rooftop sites and other wireless structures to mobile network operators, broadband providers and other wireless service customers. The company also provides site development, construction and ongoing site management services to support the deployment and operation of wireless networks.

In addition to traditional macro towers, SBA offers a range of infrastructure solutions designed for dense urban and suburban markets, including small cells, distributed antenna systems (DAS) and fiber backhaul and transport services.