SBA Communications (NASDAQ:SBAC) Stock Price Target Lowered at Truist Financial

SBA Communications (NASDAQ:SBAC) had its price objective decreased by Truist Financial from $238.00 to $235.00 in a research report sent to investors on Wednesday morning,Benzinga reports. Truist Financial currently has a buy rating on the technology company’s stock.

Other equities research analysts have also recently issued reports about the company. Raymond James Financial reiterated an “outperform” rating and issued a $271.00 target price on shares of SBA Communications in a report on Monday, October 5th. UBS Group lowered SBA Communications from a “market perform” rating to a “hold” rating in a research note on Monday, August 24th. Sanford C. Bernstein decreased their price objective on SBA Communications from $219.00 to $208.00 and set a “market perform” rating for the company in a report on Tuesday, October 20th. BMO Capital Markets reaffirmed a “market perform” rating on shares of SBA Communications in a research note on Monday, August 24th. Finally, Jefferies Financial Group raised shares of SBA Communications to a “hold” rating in a research note on Thursday, October 15th. Nine analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $224.64.

SBA Communications Stock Performance

SBA Communications stock opened at $195.48 on Wednesday. The company has a 50 day moving average price of $179.61 and a 200-day moving average price of $189.99. SBA Communications has a fifty-two week low of $156.60 and a fifty-two week high of $224.46. The company has a market capitalization of $20.74 billion, a PE ratio of 21.09, a P/E/G ratio of 1.85 and a beta of 0.97.

SBA Communications (NASDAQ:SBAC) last announced its quarterly earnings data on Monday, November 2nd. The technology company reported $2.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.10. SBA Communications had a negative return on equity of 20.67% and a net margin of 34.54%. The company had revenue of $713.92 million for the quarter, compared to analysts’ expectations of $724.07 million. During the same quarter in the prior year, the firm earned $3.30 earnings per share. SBA Communications’s revenue was down 2.5% compared to the same quarter last year. On average, analysts forecast that SBA Communications will post 11.40 earnings per share for the current year.

SBA Communications Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Thursday, November 12th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $5.00 dividend on an annualized basis and a yield of 2.6%. SBA Communications’s payout ratio is 53.88%.

Insiders Place Their Bets

In other SBA Communications news, Director George R. Krouse, Jr. sold 300 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $182.67, for a total transaction of $54,801.00. Following the completion of the sale, the director owned 8,512 shares in the company, valued at $1,554,887.04. This represents a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 9.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership grew its position in shares of SBA Communications by 47.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,615,054 shares of the technology company’s stock worth $277,967,000 after buying an additional 522,442 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of SBA Communications by 3.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,612,785 shares of the technology company’s stock worth $277,567,000 after acquiring an additional 46,620 shares in the last quarter. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in SBA Communications during the second quarter valued at approximately $228,367,000. Bank of America Corp DE lifted its position in SBA Communications by 41.7% during the first quarter. Bank of America Corp DE now owns 1,005,366 shares of the technology company’s stock valued at $173,033,000 after acquiring an additional 295,727 shares during the last quarter. Finally, Sei Investments Co. lifted its position in SBA Communications by 7.1% during the first quarter. Sei Investments Co. now owns 672,105 shares of the technology company’s stock valued at $115,673,000 after acquiring an additional 44,586 shares during the last quarter. 97.35% of the stock is currently owned by hedge funds and other institutional investors.

More SBA Communications News

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

• Positive Sentiment: Third-quarter FFO beat estimates, supported by international leasing growth. The company also reported EPS of $2.19, above the $2.09 consensus estimate. These results and signs of durable growth may have helped lift sentiment. Article: SBAC Q3 FFO Top Estimates on International Leasing Gains
• Positive Sentiment: SBA declared a quarterly dividend of $1.25 per share, equivalent to $5.00 annually and a stated yield of about 2.7%, offering income support for shareholders.
• Neutral Sentiment: Analyst views remain divided: TD Cowen raised its target to $239 and kept a Buy rating, while Truist and Citi reduced their targets but maintained Buy ratings. JPMorgan cut its target to $200 and assigned a Neutral rating; BMO and Morgan Stanley also maintained Hold/Neutral views. Article: SBA Communications Maintained at Hold
• Negative Sentiment: Third-quarter revenue of $713.9 million fell short of the roughly $724 million estimate and declined 2.5% year over year. Domestic leasing weakness and churn weighed on results, while 2026 revenue guidance of $2.8 billion–$2.9 billion came in below the $2.9 billion consensus at the midpoint, tempering the growth outlook.

SBA Communications Company Profile

SBA Communications Corporation is a real estate investment trust that owns and operates wireless communications infrastructure. The company’s portfolio primarily consists of wireless communications towers and related sites that support cellular, wireless broadband, and other communications equipment.

SBA Communications leases antenna space on its towers to wireless service providers, government agencies, and other communications companies. It also provides site development services, including zoning, permitting, construction, and project management, as well as tower construction and acquisition services in selected markets.

Founded in 1989 and headquartered in Boca Raton, Florida, SBA Communications serves customers across the United States and in parts of Central and South America.