Get in on SBA Communications Corp’s (SBAC) buy-in window today!

With 1.32 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.79 million shares. During the session, the REIT – Specialty company that operates in wider Real Estate sector, reached to the highest price of $217.43 whereas the lowest price it dropped to was $213.91. The 52-week range on SBAC shows that it touched its highest point at $294.43 and its lowest point at $185.23 during that stretch. It currently has a 1-year price target of $274.00. With its current market cap of 23.33 billion, SBAC has annualized dividend of $3.43 while the current yield stands at 1.59%. Beta for the stock currently stands at 0.57.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SBAC was down-trending over the past week, with a drop of -6.37%, but this was down by -11.96% over a month. Three-month performance dropped to -1.59% while six-month performance fell -5.05%. The stock lost -26.24% in the past year, while it has lost -14.78% so far this year. A look at the trailing 12-month EPS for SBAC yields 4.54 with Next year EPS estimates of 5.93. For the next quarter, that number is 1.37. This implies an EPS growth rate of 17.72% for this year and 19.43% for next year. EPS is expected to grow by 15.31% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 37.45%.

Float and Shares Shorts:

At present, 108.00 million SBAC shares are outstanding with a float of 106.76 million shares on hand for trading. On Jan 11, 2024, short shares totaled 2.56 million, which was 2.37% higher than short shares on Dec 14, 2023. In addition to Mr. Brendan Thomas Cavanagh CPA as the firm’s CEO, President & Director, Mr. Steven E. Bernstein II serves as its Founder & Director.

Institutional Ownership:

Through their ownership of 98.10% of SBAC’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SBAC since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With SBAC analysts setting a high price target of $343.00 and a low target of $228.00, the average target price over the next 12 months is $274.00. Based on these targets, SBAC could surge 58.65% to reach the target high and rise by 5.46% to reach the target low. Reaching the average price target will result in a growth of 26.73% from current levels.

Dividends & Yield:

In terms of dividends, SBAC has a current ratio of $3.4, which is $3.4 over the trailing 12-months, while a dividend of $2.11 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and SBAC currently yields $1.57. In the past year, SBAC’s dividend yield has been $1.57, but when looking at the stock over the past five years, its yield has been $0.75. Accordingly, SBAC has a current buyback yield of $0.23. This was $0.23 for the TTM, and it was $2.1 for the past five years.

Summary of Insider Activity:

Insiders traded SBAC stock several times over the past three months with 0 Buys and 9 Sells. In these transactions, 0 shares were bought while 163,750 shares were sold. The number of buy transactions has increased to 73 while that of sell transactions has risen to 49 over the past year. The total number of shares bought during that period was 109,090 while 203,333 shares were sold.