SBA Communications Corporation (SBAC) To Go Ex-Dividend on March 13th

SBA Communications Corporation (NASDAQ:SBAC) declared a quarterly dividend on Wednesday, February 25th. Stockholders of record on Friday, March 13th will be given a dividend of 1.25 per share by the technology company on Friday, March 27th. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, March 13th. This is a 12.6% increase from SBA Communications’s previous quarterly dividend of $1.11.

SBA Communications has increased its dividend by an average of 0.4%per year over the last three years and has increased its dividend annually for the last 6 consecutive years. SBA Communications has a dividend payout ratio of 48.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect SBA Communications to earn $12.22 per share next year, which means the company should continue to be able to cover its $4.44 annual dividend with an expected future payout ratio of 36.3%.

SBA Communications Stock Up 4.7%

NASDAQ:SBAC traded up $8.99 on Friday, hitting $201.16. The stock had a trading volume of 2,197,243 shares, compared to its average volume of 918,063. The business’s 50-day simple moving average is $190.44 and its two-hundred day simple moving average is $195.40. The stock has a market cap of $21.43 billion, a price-to-earnings ratio of 26.23, a price-to-earnings-growth ratio of 1.87 and a beta of 0.87. SBA Communications has a 52-week low of $177.49 and a 52-week high of $245.16.

SBA Communications (NASDAQ:SBAC) last announced its earnings results on Thursday, February 26th. The technology company reported $3.47 EPS for the quarter, topping analysts’ consensus estimates of $3.25 by $0.22. The company had revenue of $719.58 million for the quarter, compared to analysts’ expectations of $725.80 million. SBA Communications had a negative return on equity of 16.60% and a net margin of 29.69%.SBA Communications’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period last year, the firm earned $3.47 EPS. As a group, equities research analysts anticipate that SBA Communications will post 12.57 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on SBAC. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SBA Communications in a report on Friday, January 9th. Scotiabank dropped their price objective on shares of SBA Communications from $252.00 to $233.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 14th. UBS Group decreased their target price on shares of SBA Communications from $275.00 to $260.00 and set a “buy” rating on the stock in a research report on Tuesday, January 20th. TD Cowen reiterated a “buy” rating on shares of SBA Communications in a research report on Tuesday, November 4th. Finally, Wells Fargo & Company decreased their price objective on SBA Communications from $205.00 to $195.00 and set an “equal weight” rating on the stock in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $234.59.

SBA Communications Company Profile

SBA Communications Corporation (NASDAQ: SBAC) is a real estate investment trust that owns, operates and develops wireless communications infrastructure. Its core business is the leasing of space on communications towers, rooftop sites and other wireless structures to mobile network operators, broadband providers and other wireless service customers. The company also provides site development, construction and ongoing site management services to support the deployment and operation of wireless networks.

In addition to traditional macro towers, SBA offers a range of infrastructure solutions designed for dense urban and suburban markets, including small cells, distributed antenna systems (DAS) and fiber backhaul and transport services.