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Last Price: 251.12 - Change: -0.37 - Change %: -0.1471
12/07/2023 16:00:00 EST

SBA Communications Corp (SBAC)

Industry: REIT - Specialty

Price Support Resistance

In the past 30 trading days, SBAC has been trading in a range between $242.17 and $188.75 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.

SBAC is trading below resistance at $261.04, about 4% to the upside. There is support at $233.71 -7% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.

Upside / Downside Potential

SBA Communications Corp (SBAC) entered a Green zone 30 days ago on the AI powered stock chart. Wall Street analysts have a recent rating of 4.118, which is a Strong Buy. The current analyst target price is $248.93, which gives it a potential down side of -0.87 % from the recent price of 251.12. The stock is trading 22.56% (potential upside) below its 52 week high of $307.77 and 36.06 % (potential downside) above its 52 week low of $184.56 - based on the recent price.

Company Summary

SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure including towers, buildings, rooftops, distributed antenna systems (DAS) and small cells With a portfolio of more than 39,000 communications sites in 16 markets throughout the Americas, Africa and the Philippines, SBA is listed on NASDAQ under the symbol SBAC. Our organization is part of the S&P 500 and is one of the top Real Estate Investment Trusts (REITs) by market capitalization.

SBAC Website

News

Why My Top Pick In The Low-Yield REIT Sector Is SBA Communications
SBA Communications is a cell tower REIT with a market cap of $26 billion. The company has both domestic and international towers, with domestic towers representing a larger portion of the total value. SBAC has demonstrated strong organic growth in tower leasing and has delivered excellent growth in FFO and AFFO per share.
Source: Seeking Alpha
Thu, 07 Dec 2023 00:32:41 -0500
Sentiment: Positive
SBA Communications (SBAC) Soars 16.7% QTD: Will the Trend Last?
SBA Communications (SBAC) to gain from robust demand for wireless communication assets amid rising mobile data use, expansion efforts and a healthy balance sheet in the near term.
Source: Zacks Investment Research
Wed, 22 Nov 2023 13:32:03 -0500
Sentiment: Positive
Is it Wise to Retain SBA Communications (SBAC) Stock for Now?
SBA Communications (SBAC) is likely to benefit from the rising global demand for wireless connectivity and its asset buyouts. Yet, notable customer concentration and high interest rates are key woes.
Source: Zacks Investment Research
Tue, 07 Nov 2023 09:46:46 -0500
Sentiment: Positive
SBA Communications' (SBAC) Q3 AFFO Beat, '23 View Raised
SBA Communications' (SBAC) Q3 results reflect year-over-year site-leasing revenue growth on healthy leasing activity amid elevated tower space demand. The company has also raised its 2023 outlook.
Source: Zacks Investment Research
Fri, 03 Nov 2023 14:17:20 -0400
Sentiment: Positive
SBA Communications Corporation (SBAC) Q3 2023 Earnings Call Transcript
SBA Communications Corporation (SBAC) Q3 2023 Earnings Call Transcript
Source: Seeking Alpha
Thu, 02 Nov 2023 22:45:18 -0400
Sentiment: Neutral
Instituions Institution %: 96.798
Last QTR Institution change: 1774783

Insiders
Insiders %: 1.23
Insiders Purchases last QTR: 0
Insiders Sales last QTR: 92314
Insiders Net last QTR: -92314

Analyst Ratings
Target Price: 248.93
Overall Rating: 4.1177
Strong Buys (5): 7
Buys (4): 5
Holds (3): 5
Sells (2): 0
Strong Sells (1): 0

Technicals
52 Week Hi: 307.7693
52 Week Low: 184.5562
Beta: 0.61
50 Day MA: 215.1106
200 Day MA: 230.6359

Earnings / Revenue Trends
Qtr Earnings Growth YOY: -0.121
Qtr Revenue Growth YOY: 0.01
Forward PE: 37.7358
Trailing PE: 55.2725

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