<div id="readability-page-1"><p>Shares of SBA Communications Corporation (NASDAQ:SBAC - Get Free Report) have been given an average recommendation of &#34;Moderate Buy&#34; by the eighteen analysts that are  covering the firm, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold rating, eight have issued  a buy rating and two have given a strong buy rating to  the company. The average 1 year price target among brokerages that have covered the stock in the last year is $237.00.</p><div><p><span></span><span>Get <strong>SBA Communications</strong> alerts:</span></p></div><p>Several analysts have recently issued reports on the company. Barclays decreased their price target on SBA Communications from $219.00 to $212.00 and set an &#34;overweight&#34; rating for the company in a research note on Monday, December 1st. Weiss Ratings  reaffirmed a &#34;hold (c-)&#34; rating on shares of SBA Communications in a research report on Tuesday, October 14th. Wells Fargo &amp; Company lowered their price target on SBA Communications from $215.00 to $205.00 and set an &#34;equal weight&#34; rating on the stock in a report on Tuesday. Royal Bank Of Canada reduced their price objective on shares of SBA Communications from $235.00 to $232.00 and set an &#34;outperform&#34; rating for the company in a research note on Monday, November 10th. Finally, Bank of America lowered shares of SBA Communications from a &#34;buy&#34; rating to a &#34;neutral&#34; rating and lowered their target price for the company from $260.00 to $230.00 in a research note on Wednesday, August 27th.</p><p><b>Get Our Latest Stock Report on SBA Communications</b></p><h2>SBA Communications Price Performance</h2><p>Shares of SBAC stock opened at $190.95 on Thursday. SBA Communications has a 12-month low of $185.13 and a 12-month high of $245.16. The firm has a market capitalization of $20.35 billion, a price-to-earnings ratio of 24.90, a price-to-earnings-growth ratio of 1.65 and a beta of 0.87. The business has a 50 day simple moving average of $193.78 and a 200 day simple moving average of $209.44. </p><p>SBA Communications (NASDAQ:SBAC - Get Free Report) last announced its earnings results on Monday, November 3rd. The technology company reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.21 by $0.09. SBA Communications had a negative return on equity of 16.60% and a net margin of 29.69%.The business had revenue of $732.33 million during the quarter, compared to analysts' expectations of $715.65 million. The company's quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the business posted $3.32 earnings per share.  On average, equities analysts anticipate that  SBA Communications will post 12.57 EPS for the current fiscal year. </p><h2>SBA Communications Announces Dividend</h2><p>The firm also recently announced a quarterly dividend, which was paid on Thursday, December 11th. Investors of record on Thursday, November 13th were paid a $1.11 dividend. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $4.44 dividend on an annualized basis and a yield of 2.3%. SBA Communications's payout ratio is presently 57.89%. </p><h2>Hedge Funds Weigh In On SBA Communications</h2><p>A number of institutional investors and hedge funds have recently bought and sold shares of SBAC. CVA Family Office LLC increased its stake in shares of  SBA Communications by 106.3% in the 2nd quarter. CVA Family Office LLC now owns 130 shares of the technology company's stock valued at $31,000 after buying an additional 67 shares during the period.  Quent Capital LLC acquired a new stake in  SBA Communications in the third quarter worth about $27,000.  Geneos Wealth Management Inc. raised its holdings in  SBA Communications by 105.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 164 shares of the technology company's stock worth $36,000 after purchasing an additional 84 shares during the last quarter.  Fulcrum Asset Management LLP bought a new stake in  SBA Communications during the 3rd quarter worth about $32,000.  Finally, IFP Advisors Inc lifted its position in  SBA Communications by 75.9% during the 2nd quarter. IFP Advisors Inc now owns 234 shares of the technology company's stock valued at $55,000 after purchasing an additional 101 shares during the period. Institutional investors and hedge funds own  97.35% of the company's stock. </p><h2>About SBA Communications</h2> (Get Free Report)<p>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 throughout the Americas, Africa and in Asia, SBA is listed on NASDAQ under the symbol SBAC.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than SBA Communications</li><li>Canadian Penny Stocks: Can They Make You Rich? </li><li>Post 35% Surge, Analysts Eye More Upside in Copper Giant Freeport</li><li>What Are Trending Stocks? Trending Stocks Explained</li><li>Why a SpaceX IPO Could Be a Major Catalyst for GOOGL Stock</li><li>How to Invest in Blue Chip Stocks</li><li>Can Upwork Maintain Its Comeback? Reasons to Be Bullish and Bearish</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9U0JBQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="600" height="385" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9U0JBQw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in SBA Communications Right Now?</h2><p>Before you consider SBA Communications, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SBA Communications wasn't on the list.</p><p>While SBA Communications currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

SBAC

<p>SBA Communications Corporation (NASDAQ:SBAC) has received a consensus "Moderate Buy" recommendation from 18 analysts. The average 1-year price target is $237.00. Recent analyst reports show mixed ratings, with price targets ranging from $205.00 to $232.00. The company reported strong quarterly earnings, beating estimates, and announced a quarterly dividend. Institutional investors hold 97.35% of the stock. SBA Communications operates over 39,000 wireless infrastructure sites globally.</p>

SBA Communications Corporation (NASDAQ:SBAC) Receives Consensus Recommendation of "Moderate Buy" from Brokerages