Investors’ Patience Is Being Tested Right Now By SBA Communications Corp (NASDAQ: SBAC)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours.

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Stocks Info

SBA Communications Corp is listed on the NASDAQ as a member of the Real Estate sector and is a part of the REIT – Specialty industry. The current market capitalization of SBA Communications Corp is $21.21B. A total of 0.76 million shares were traded on the day, compared to an average of 1.06M shares.

In the most recent transaction, Chan Mary S sold 1,977 shares of SBAC for 217.99 per share on Mar 05 ’24. After the transaction, the Director now owns 4,622 company shares. In a previous transaction on Dec 14 ’23, SILBERSTEIN JASON V sold 16,465 shares at 255.44 per share. SBAC shares that EVP – Site Leasing owns now total 29,908.

Among the insiders who sold shares, Lazarus Brian D disposed of 20,605 shares on Dec 13 ’23 at a per-share price of $249.35. This resulted in the SVP & Chief Accounting Officer holding 7,085 shares of SBAC after the transaction. In another insider transaction, BERNSTEIN STEVEN E sold 7,300 shares at $253.89 per share on Dec 06 ’23. Company shares held by the Chairman now total 2,903.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. SBA Communications Corp pays an annual dividend of $3.53, resulting in a dividend yield of 1.80%, and it has a price to earnings (P/E) ratio of 42.58. SBAC’s most recent ex-dividend date was 3/13/2024 when it declared a $0.98 quarterly dividend that was paid in cash on 3/28/2024. Previously, the company paid the dividend on 12/14/2023 with an ex-dividend date of 11/15/2023. The SBAC stock dividend was $0.85 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, SBAC has a high of $266.77 and a low of $185.23.

As of this writing, SBAC has an earnings estimate of $SBA Communications Corporation per share for the current quarter. EPS was calculated based on a consensus of Bank of America Corporation estimates, with a high estimate of $SOUTHERN BANCSHARES N C INC per share and a lower estimate of $Banco Santander – Chile.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. SBAC’s latest balance sheet shows that the firm has $368.06M in Cash & Short Term Investments as of fiscal 2021. There were $14.52B in debt and $616.33M in liabilities at the time. Its Book Value Per Share was -$47.86, while its Total Shareholder’s Equity was -$5.27B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SBAC is Buy with a score of 4.60.

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