SBA CommunicationsSBAC
SBAC
About: SBA Communications owns a portfolio of about 45,000 wireless towers throughout North America, South America, and Africa. It leases space on its towers to wireless service providers, who install equipment to support their wireless networks. The company has a very concentrated customer base, with most revenue in each market being generated by the top few mobile carriers. It owns more than 17,000 towers in the US, which account for about 75% of leasing revenue. Internationally, SBA's largest presence is in Brazil, where it owns roughly 10,000 towers. SBA operates as a real estate investment trust.
Employees: 1,720
0
Funds holding %
of 7,429 funds
0
Analysts bullish %
of 6 analysts
Fund manager confidence
Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)
36% more first-time investments, than exits
New positions opened: 95 | Existing positions closed: 70
28% more repeat investments, than reductions
Existing positions increased: 287 | Existing positions reduced: 225
7% more capital invested
Capital invested by funds: $23B [Q1] → $24.7B (+$1.67B) [Q2]
1% more funds holding
Funds holding: 682 [Q1] → 691 (+9) [Q2]
0.69% more ownership
Funds ownership: 97.33% [Q1] → 98.02% (+0.69%) [Q2]
33% less funds holding in top 10
Funds holding in top 10: 9 [Q1] → 6 (-3) [Q2]
37% less call options, than puts
Call options by funds: $22.3M | Put options by funds: $35.2M
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$235
8%
upside
Avg. target
$262
20%
upside
High target
$285
31%
upside
6 analyst ratings
3 positive
50%
3 neutral
50%
0 negative
0%
Wells Fargo Eric Luebchow | 8%upside $235 | Equal-Weight Maintained | 5 Aug 2025 |
JMP Securities Greg P. Miller | 29%upside $280 | Market Outperform Maintained | 5 Aug 2025 |
Barclays Tim Long | 18%upside $257 | Overweight Maintained | 23 Jul 2025 |
Morgan Stanley Simon Flannery | 20%upside $260 | Equal-Weight Maintained | 22 Jul 2025 |
Scotiabank Maher Yaghi | 16%upside $252 | Sector Perform Initiated | 17 Jul 2025 |
Financial journalist opinion
Based on 14 articles about SBAC published over the past 30 days
Neutral
Business Wire
49 minutes ago
SBA Communications Corporation to Speak at the Goldman Sachs 2025 Communacopia + Technology Conference
BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (NASDAQ: SBAC) (“SBA”) announces that Brendan Cavanagh, President and Chief Executive Officer, is scheduled to speak at the Goldman Sachs 2025 Communacopia + Technology Conference on Tuesday, September 9, 2025 at 11:30 AM PT. The conference will be held at the Palace Hotel in San Francisco, California. The audio presentation for SBA can be accessed by visiting www.sbasite.com. About SBA Communications Corporation SBA Communicatio.
Positive
Seeking Alpha
2 days ago
Powell Pivot Sparks REIT Rebound
U.S. equity markets notched another series of record highs this week, surging into the weekend after surprisingly dovish commentary from Federal Reserve Chair Powell, who hinted at imminent rate cuts. Powell used his final Jackson Hole speech as Fed Chair to deliver a clear policy pivot, an unexpected reversal after months of insistence that tariff-related inflation warranted a hawkish framework. Markets were equally relieved by the policy-focused nature of Powell's speech amid speculation that the address may be used instead as a potential defiant sermon on central bank independence.
Neutral
Business Wire
5 days ago
SBA Communications Corporation to Speak at Citi's 2025 Global TMT Conference and the BofA Securities 2025 Media, Communications and Entertainment Conference
BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (NASDAQ: SBAC) (“SBA”) announces that Marc Montagner, Chief Financial Officer, is scheduled to speak at Citi's 2025 Global TMT Conference, Wednesday, September 3, 2025, at 12:50 PM ET. The conference will be held at The New York Hilton Midtown in New York. Marc Montagner is also scheduled to speak at the BofA Securities 2025 Media, Communications and Entertainment Conference, Thursday, September 4, 2025, at 2:00 PM ET. This confe.
Neutral
PRNewsWire
2 weeks ago
Con Edison Elects New Board Member
Brendan Cavanagh Will Join the Company's Board of Directors Appointment Effective October 1, 2025 NEW YORK , Aug. 6, 2025 /PRNewswire/ -- Consolidated Edison, Inc. ("Con Edison") (NYSE:ED) today announced that its Board of Directors elected Brendan Cavanagh to Con Edison's Board of Directors, effective October 1, 2025. Mr. Cavanagh is currently the President and Chief Executive Officer of SBA Communications Corporation (NASDAQ: SBAC), a real estate investment trust that owns and operates wireless communications infrastructure including towers, buildings, rooftops, distributed antenna systems and small cells.
Positive
Zacks Investment Research
2 weeks ago
SBAC Q2 AFFO Beats Estimates, Revenues Improve Y/Y, '25 View Raised
SBAC tops Q2 AFFO estimates, and lifts the 2025 outlook, but higher costs and interest weigh on profitability.
Positive
The Motley Fool
3 weeks ago
SBAC Earnings Jump on Strong Sales
SBAC Earnings Jump on Strong Sales
Neutral
Seeking Alpha
3 weeks ago
SBA Communications Corporation (SBAC) Q2 2025 Earnings Call Transcript
SBA Communications Corporation (NASDAQ:SBAC ) Q2 2025 Earnings Conference Call August 4, 2025 5:00 PM ET Company Participants Brendan Thomas Cavanagh - CEO, President & Director Marc R. Montagner - Executive VP & CFO Mark DeRussy - Vice President of Finance Conference Call Participants Batya Levi - UBS Investment Bank, Research Division Benjamin Daniel Swinburne - Morgan Stanley, Research Division Brendan James Lynch - Barclays Bank PLC, Research Division David Anthony Guarino - Green Street Advisors, LLC, Research Division Eric Thomas Luebchow - Wells Fargo Securities, LLC, Research Division James Edward Schneider - Goldman Sachs Group, Inc., Research Division Jonathan Atkin - RBC Capital Markets, Research Division Michael Ian Rollins - Citigroup Inc., Research Division Michael J.
Neutral
Zacks Investment Research
3 weeks ago
Here's What Key Metrics Tell Us About SBA Communications (SBAC) Q2 Earnings
While the top- and bottom-line numbers for SBA Communications (SBAC) give a sense of how the business performed in the quarter ended June 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Positive
Zacks Investment Research
3 weeks ago
SBA Communications (SBAC) Q2 FFO and Revenues Surpass Estimates
SBA Communications (SBAC) came out with quarterly funds from operations (FFO) of $3.17 per share, beating the Zacks Consensus Estimate of $3.12 per share. This compares to FFO of $3.29 per share a year ago.
Neutral
Business Wire
3 weeks ago
SBA Communications Corporation Reports Second Quarter 2025 Results; Updates Full Year 2025 Outlook; and Declares Quarterly Cash Dividend
BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (Nasdaq: SBAC) ("SBA" or the "Company") today reported results for the quarter ended June 30, 2025. Highlights of the second quarter include: Net income of $225.7 million or $2.09 per share Industry-leading AFFO per share of $3.17 Closed on 4,323 sites from our previously announced deal with Millicom Repurchased 799 thousand shares throughout the quarter and subsequent to quarter end In addition, the Company announced today that.
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