SBA Communications Corp. Class A (SBAC)

Over the past six months, several events have impacted SBA Communications Corp. stock price. On October 16, 2024, SBAC shares touched their 52-week high. Morgan Stanley changed a stock-market call on October 7, 2024. Benzinga Insights reported on earnings on November 6 and 15, 2024. Benzinga Newsdesk reported news on December 18, 2024, and January 13, 23, and 27, 2025. JMP Securities initiated coverage with a Market Outperform recommendation on January 27, 2025. Benzinga Newsdesk reported news on February 20 and 24, 2025. RBC Capital reiterated an "Outperform" rating and Citizens Capital Markets reiterated "Market Outperform" on February 24, 2025. Morgan Stanley downgraded its outlook on April 1, 2025. SBA Communications set the date for its first-quarter 2025 earnings release on April 7, 2025. MarketWatch reported on stocks that had risen during Trump's trade tirade on April 9, 2025. SBA Communications reported its first-quarter 2025 results on April 28, 2025. SBA Communications was scheduled to speak at The JP Morgan 53rd Annual Global Technology, Media and Communications Conference on April 29, 2025. SBA Communications would present at the JP Morgan Global Conference on May 13, 2025. BNK Invest reported an ex-dividend reminder on May 20, 2025. Zacks questioned why SBA Communications was down since its last earnings report on May 28, 2025. BNK Invest reported option activity on June 11, 2025. Zacks reported on American Tower stock's rise on June 13, 2025. Validea provided a detailed fundamental analysis on June 16, 2025. SBAC shares have grown 3.5% over the past three months, are up 12.1% year-to-date, and have surged 19.5% over the past 52 weeks.

The demand for SBA Communications' products and services is primarily driven by the continuous growth in the number of mobile users, devices, apps, and the increasing demand for mobile video. Telecommunication carriers are constantly increasing network capacity to meet these demands. The company's organic leasing and services growth in 2023 was primarily driven by the deployment of new spectrum and the rollout of 4G and 5G networks. Future consolidations of wireless service providers could significantly impact the number of tower leases. A slowdown in demand for wireless communications services or tower space could also materially and adversely affect future growth and revenues.

SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure, primarily operating in the telecommunications sector. The company is classified within the Real Estate sector, specifically as a Specialty REIT. Founded in 1989 and headquartered in Boca Raton, Florida, SBA Communications is part of the S&P 500. SBA Communications generates revenue from site leasing and site development services.

SBA Communications has a significant global presence, with operations and offices throughout the Americas and in Africa. As of December 31, 2022, the company owned 39,311 towers. Its principal operations are in the United States and its territories, as well as in South America, Central America, Canada, South Africa, the Philippines, and Tanzania. The company owns more than 17,000 towers in the U.S., which accounted for about 70% of its total revenue in 2023. Internationally, SBA's largest presence is in Brazil, where it operates approximately 10,000 towers.

SBA Communications aims to conduct business ethically, promote socially responsible practices, and mitigate its environmental impact. The company emphasizes its commitment to positively impacting local communities and economies. There haven't been specific major events widely reported that negatively impacted SBA Communications' brand reputation in the past year. General risks to brand and reputation for companies in this sector can include negative public perception and regulations regarding health risks associated with radiofrequency (RF) energy exposure.

SBA Communications is primarily owned by institutional shareholders, who hold approximately 97.40% of the company's stock. Insiders own about 16.66%, and retail investors own 0.00%. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., and Dodge & Cox. The largest individual shareholder is Richard B. Worley, owning 8.25 million shares, representing 7.68% of the company. Aat Holdings LLC is another significant insider owner.