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SBA Communications has received a "buy" rating from StockNews.com, with a consensus rating of "Moderate Buy" and a target price of $252.85. The company, a major player in wireless communications infrastructure, has a market cap of $23.34 billion and recently increased its quarterly dividend to $1.11 per share. Institutional investors hold 97.35% of the stock, with JPMorgan Chase owning approximately 3.96%.
Lake Street Advisors Group LLC increased its stake in SBA Communications by 5.8%, owning 1,105 shares valued at $225,000. Analysts have raised the price target for SBA from $240 to $244, with a consensus rating of "Moderate Buy" and an average target of $252.85. The stock traded at $222.63, with a market cap of $23.96 billion.
Barclays has raised its price target on SBA Communications to $244 from $240 while maintaining an Overweight rating. SBA Communications specializes in owning, developing, and operating wireless communication structures, with 92.8% of its sales coming from leasing antenna spaces on its 39,618 towers, primarily in the U.S. The company also offers network development services, accounting for 7.2% of its revenue.
SBA Communications Corporation (SBAC) is set to present at the UBS Global Media and Communications Conference on December 10, 2024, starting at 9:00 AM ET. Interested parties can access the live webcast through the company's investor relations website.
SBA Communications Corporation specializes in owning, developing, and operating wireless communication structures, with 93.8% of its revenue derived from renting space for antennas on its 32,923 radio towers. The company also offers network development services, accounting for 6.2% of revenue, primarily in the U.S., which represents 79.7% of net sales.
SBA Communications Corporation specializes in owning, developing, and operating wireless communication structures, with 93.8% of its revenue derived from renting antenna space on its 32,923 radio towers. The company also offers network development services, accounting for 6.2% of its revenue, primarily in the U.S., which represents 79.7% of net sales.
SBA Communications Corporation
Companies
| Symbol | SBAC |
| Name | SBA Communications Corporation |
| Currency | USD |
| Sector | Real Estate |
| IndustryGroup | Real Estate |
| Industry | Equity Real Estate Investment Trusts (REITs) |
| Market | NASDAQ Global Select |
| Country | United States |
| State | FL |
| City | Boca Raton |
| Zipcode | 33487 |
| Website | http://www.sbasite.com |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
sba communications receives buy rating amid strong institutional interest and dividend increase
11:10 30.03.2025
sba communications sees increased analyst ratings and institutional investment activity
19:14 22.03.2025
barclays raises price target on sba communications maintains overweight rating
16:04 21.03.2025
SBA Communications to Present at UBS Global Media Conference on December 10
14:02 10.12.2024
sba communications corporation maintains strong growth in wireless infrastructure services
17:05 29.10.2024
sba communications corporation maintains strong growth in wireless infrastructure services
17:05 29.10.2024
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