SBA Communications (NASDAQ:SBAC) Share Price Breaks Above Two Hundred Day Moving Average on Analyst Downgrade

SBA Communications Corporation (NASDAQ:SBAC)’s share price passed above its 200-day moving average during trading on Wednesday after TD Cowen raised their price target on the stock from $229.00 to $239.00. The stock has a 200-day moving average of $189.99 and traded as high as $200.73. TD Cowen currently has a buy rating on the stock. SBA Communications shares last traded at $195.48, with a volume of 2,235,486 shares changing hands.

Other equities analysts have also recently issued reports about the company. Citigroup reiterated a “market outperform” rating on shares of SBA Communications in a report on Tuesday. BMO Capital Markets reissued a “market perform” rating on shares of SBA Communications in a research report on Monday, August 24th. Wolfe Research upgraded shares of SBA Communications from a “hold” rating to an “outperform” rating in a research note on Tuesday, August 4th. Weiss Ratings upgraded shares of SBA Communications from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 15th. Finally, Truist Financial dropped their price objective on shares of SBA Communications from $248.00 to $238.00 and set a “buy” rating on the stock in a research note on Wednesday, August 5th. Nine analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, SBA Communications presently has a consensus rating of “Moderate Buy” and an average price target of $224.64.

Insider Buying and Selling

In other SBA Communications news, Director George R. Krouse, Jr. sold 300 shares of the business’s stock in a transaction that occurred 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 directly owned 8,512 shares of the company’s stock, valued at approximately $1,554,887.04. The trade was a 3.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 9.50% of the company’s stock.

Key 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.

Institutional Investors Weigh In On SBA Communications

Institutional investors have recently bought and sold shares of the stock. Raiffeisen Bank International AG raised its position in SBA Communications by 184.8% in the 2nd quarter. Raiffeisen Bank International AG now owns 188 shares of the technology company’s stock valued at $34,000 after buying an additional 122 shares during the last quarter. CX Institutional boosted its holdings in SBA Communications by 44.2% during the 2nd quarter. CX Institutional now owns 212 shares of the technology company’s stock worth $37,000 after acquiring an additional 65 shares during the last quarter. Provenance Wealth Advisors LLC purchased a new position in SBA Communications during the 3rd quarter worth $36,000. Eastern Bank purchased a new position in SBA Communications during the 2nd quarter worth $44,000. Finally, Root Financial Partners LLC bought a new stake in shares of SBA Communications in the 3rd quarter worth $48,000. Institutional investors own 97.35% of the company’s stock.

SBA Communications Stock Performance

The stock has a market cap of $20.74 billion, a P/E ratio of 21.09, a price-to-earnings-growth ratio of 1.85 and a beta of 0.97. The company’s 50 day moving average price is $179.61 and its 200-day moving average price is $189.99.

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

SBA Communications Announces Dividend

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

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.