最新ニュース SBA Comms (NASDAQ:SBAC) 株価情報

SBA Comms

SBA Communications owns and operates almost 40,000 cell towers throughout North America, South America, and Africa. It leases space on its towers to wireless service providers, which install equipment on the towers to support their wireless networks. The company has a very concentrated customer base, with most revenue in each market being generated by just the top few mobile carriers. It owns more than 17,000 towers in the US, which accounted for about 70% of the company's total revenue in 2023. Internationally, SBA's greatest presence is in Brazil, where it operates roughly 10,000 towers. SBA operates as a real estate investment trust.

SBA Communications

SBA Communications Corporation - Class A Common Stock

SBA Communications Corp

In the current session, SBA Comms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBAC#NASDAQ">SBAC</a>) is trading at $218.54, after a 4.30% drop. Over the past month, the stock fell by 7.45%, and in the past year, by 0.22%. With performance like this, long-term shareholders are more likely to start looking into the company's price-to-earnings ratio. 

<img src="https://www.benzinga.com/files/images/story/2024/1730906184_0.png" alt="Past Year Chart" />

<h3>A Look at SBA Comms P/E Relative to Its Competitors</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
SBA Comms has a lower P/E than the aggregate P/E of 52.76 of the Specialized REITs industry. Ideally, one might believe that the stock might perform worse than its peers, but it's also probable that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1730906184_1.png" alt="Guage" />

In summary, while the price-to-earnings ratio is a valuable tool for investors to evaluate a company's market performance, it should be used with caution. A low P/E ratio can be an indication of undervaluation, but it can also suggest weak growth prospects or financial instability. Moreover, the P/E ratio is just one of many metrics that investors should consider when making investment decisions, and it should be evaluated alongside other financial ratios, industry trends, and qualitative factors. By taking a comprehensive approach to analyzing a company's financial health, investors can make well-informed decisions that are more likely to lead to successful outcomes.

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P/E Ratio Insights for SBA Comms

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SBA Communications shares are trading lower after the company reported worse-than-expected Q3 revenue results.

SBA Comms's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SBAC#NYSE">SBAC</a>) short percent of float has risen 9.4% since its last report. The company recently reported that it has 2.60 million shares sold short, which is 2.91% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.68 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>SBA Comms Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730222118_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for SBA Comms has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing SBA Comms's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, SBA Comms's peer group average for short interest as a percentage of float is 4.38%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

Peering Into SBA Comms's Recent Short Interest

TD Cowen analyst Michael Elias maintains SBA Comms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBAC#NASDAQ">SBAC</a>) with a Buy and raises the price target from $251 to $261.

Price Target

Analyst Ratings

TD Cowen Maintains Buy on SBA Comms, Raises Price Target to $261

BMO Capital analyst Ari Klein maintains SBA Comms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBAC#NASDAQ">SBAC</a>) with a Outperform and raises the price target from $255 to $260.

BMO Capital Maintains Outperform on SBA Comms, Raises Price Target to $260

Raymond James analyst Ric Prentiss maintains SBA Comms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBAC#NASDAQ">SBAC</a>) with a Strong Buy and raises the price target from $285 to $300.

Raymond James Maintains Strong Buy on SBA Comms, Raises Price Target to $300

Millicom entered into an agreement with SBA Communications to sell and leaseback a tower portfolio of approximately 7,000 towers in Guatemala, Honduras, Panama, El Salvador and Nicaragua for a total consideration of approximately $975 million, plus an earn-out contingent on achieving certain financial performance metrics.&nbsp;&nbsp;
In addition, the parties have agreed to enter into a build-to-suit agreement under which SBA Communications will build up to 2,500 additional sites, further solidifying the partnership.
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Asset Sales

TIGO

Millicom, SBA Communications Agree To Long-term Partnership In Central America

SBA Comms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBAC#NASDAQ">SBAC</a>) reported quarterly earnings of $3.32 per share which beat the analyst consensus estimate of $3.31 by 0.3 percent. The company reported quarterly sales of $667.600 million which missed the analyst consensus estimate of $669.813 million by 0.33 percent. This is a 2.19 percent decrease over sales of $682.544 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

SBA Comms Q3 2024 AFFO $3.32 Beats $3.31 Estimate, Sales $667.600M Miss $669.813M Estimate

SBA Comms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBAC#NASDAQ">SBAC</a>) is preparing to release its quarterly earnings on Monday, 2024-10-28. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect SBA Comms to report an earnings per share (EPS) of $2.27.
SBA Comms bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
During the last quarter, the company reported an EPS missed by $0.56, leading to a 0.06% increase in the share price on the subsequent day.
Here's a look at SBA Comms's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>2.07</td>
<td>1.21</td>
<td>1.37</td>
<td>1.19</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.51</td>
<td>1.42</td>
<td>1.01</td>
<td>0.80</td>
</tr>
<tr>
<td>Price Change %</td>
<td>0.0%</td>
<td>-8.0%</td>
<td>-4.0%</td>
<td>4.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1729864964_0.png" alt="eps graph" />
<h3>SBA Comms Share Price Analysis</h3>
Shares of SBA Comms were trading at $246.07 as of October 24. Over the last 52-week period, shares are up 20.3%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/SBAC/earnings">To track all earnings releases for SBA Comms visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What's Next: SBA Comms's Earnings Preview

Keybanc analyst Brandon Nispel maintains SBA Comms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBAC#NASDAQ">SBAC</a>) with a Overweight and raises the price target from $230 to $280.

Keybanc Maintains Overweight on SBA Comms, Raises Price Target to $280

Barclays analyst Tim Long maintains SBA Comms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBAC#NASDAQ">SBAC</a>) with a Overweight and raises the price target from $236 to $256.

Barclays Maintains Overweight on SBA Comms, Raises Price Target to $256

Wells Fargo analyst Eric Luebchow maintains SBA Comms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBAC#NASDAQ">SBAC</a>) with a Equal-Weight and raises the price target from $220 to $240.

Wells Fargo Maintains Equal-Weight on SBA Comms, Raises Price Target to $240

SBA Communications&#39; (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sbac#NASDAQ">SBAC</a>) extensive and geographically diverse wireless communication infrastructure portfolio is well-positioned to gain from the wireless carriers&#39; high capital spending for network expansion amid growth in mobile data usage and accelerated 5G network deployment efforts.
The long-term leases with its tenants assure stable revenues. Also, portfolio expansion moves, domestically and internationally, to capitalize on the secular trends of the industry are encouraging.
However, customer concentration and consolidation in the wireless industry are key near-term concerns. The churn arising from the Sprint-related decommissioning is likely to hurt top-line growth.
Shares of this Zacks Rank #3 (Hold) company have risen 25.9% over the past three months, outperforming the industry&#39;s upside of 16.5%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/25/80252.jpg?v=2118588955" />
Image Source: Zacks Investment Research
<h2>What&#39;s Aiding SBAC?</h2>
The advancement in mobile technology, such as 4G and 5G networks, and the proliferation of bandwidth-intensive applications have propelled growth in mobile data usage globally. This has resulted in wireless service providers and carriers expanding their networks and deploying additional equipment for existing networks to boost network coverage and capacity to meet the rising consumer demand, poising tower real estate investment trusts like SBAC well for growth.
SBA Communications has a resilient and stable site-leasing business model. The company generates most of its revenues from long-term (typically five to 10 years) tower leases that have built-in rent escalators. With high operating margins, its tower-leasing business remains attractive.
As the company continues to expand its tower portfolio and seek new growth opportunities, it focuses on business expansion into domestic and select international markets with high growth characteristics. During the first half of 2024, SBAC acquired 128 towers and related assets. In the second quarter of 2024, it also built 100 towers. Subsequent to June 30, 2024, the company purchased or is under contract to purchase 106 communication sites for a total cash consideration of $49.3 million. Such portfolio expansion efforts will position SBA Communications to leverage secular trends in mobile data usage and wireless spending growth across the globe.
Solid dividend payouts are arguably the biggest enticement for investment in REIT stocks. SBAC has increased its dividend five times in the last five years, and its five-year annualized dividend growth rate is 22.42%. Given SBA Communications&#39; decent financial position and lower-than-industry dividend payout rate, the dividend distribution is expected to be sustainable over the long run.
<h2>What&#39;s Hurting SBAC?</h2>
The company has a high customer concentration, with T-Mobile (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tmus#NASDAQ">TMUS</a>), AT&amp;T (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/t#NYSE">T</a>) and Verizon (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vz#NYSE">VZ</a>) accounting for the majority of its domestic site-leasing revenues. In the second quarter of 2024, T-Mobile, AT&amp;T and Verizon accounted for 38.2%, 29.7% and 20.2%, respectively, of SBAC&#39;s domestic site-leasing revenues.
The loss of any of these customers, consolidation among them or a reduction in network spending might hurt the company&#39;s top line significantly. The churn arising from the Sprint-related decommissioning is likely to weigh on its performance in the near term.
SBA Communications has a substantially leveraged balance sheet, with $12.4 billion of total debt and net debt to the annualized adjusted EBITDA leverage of 6.4X as of the end of the second quarter of 2024. The high amount of debt is likely to keep SBA Communications&#39; financial obligations elevated. Moreover, its debt-to-capital ratio is higher than the industry average. A high debt-to-capital ratio limits its strength to withstand any credit crisis and unexpected negative externalities in the future.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.
<a href="https://www.zacks.com/stock/news/2345624/is-it-wise-to-retain-sba-communications-stock-in-your-portfolio-now?cid=CS-BENZ-FT-analyst_blog|zer_report_update-2345624">To read this article on Zacks.com click here.</a>

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Is it Wise to Retain SBA Communications Stock in Your Portfolio Now?

Goldman Sachs analyst Brett Feldman maintains SBA Comms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBAC#NASDAQ">SBAC</a>) with a Neutral and raises the price target from $212 to $240.

Goldman Sachs Maintains Neutral on SBA Comms, Raises Price Target to $240

JP Morgan analyst Richard Choe maintains SBA Comms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBAC#NASDAQ">SBAC</a>) with a Neutral and raises the price target from $228 to $250.

JP Morgan Maintains Neutral on SBA Comms, Raises Price Target to $250

Morgan Stanley analyst Simon Flannery maintains SBA Comms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBAC#NASDAQ">SBAC</a>) with a Overweight and raises the price target from $232 to $252.

Morgan Stanley Maintains Overweight on SBA Comms, Raises Price Target to $252

SBA Comms's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SBAC#NYSE">SBAC</a>) short percent of float has risen 6.96% since its last report. The company recently reported that it has 2.19 million shares sold short, which is 2.46% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.21 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>SBA Comms Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725977713_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for SBA Comms has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing SBA Comms's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, SBA Comms's peer group average for short interest as a percentage of float is 3.41%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Deutsche Bank analyst Matthew Niknam maintains SBA Comms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBAC#NASDAQ">SBAC</a>) with a Buy and raises the price target from $230 to $240.

Deutsche Bank Maintains Buy on SBA Comms, Raises Price Target to $240

These ten large-cap stocks were the worst performers in the last week. Are they in your portfolio?
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<li>McKesson Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCK#NYSE">MCK</a>) shares decreased 12.06% after reporting worse-than-expected <a href="https://www.benzinga.com//node/40232820" target="_blank" rel="noreferrer noopener">first-quarter FY25 sales results</a>. Analysts revised <a href="https://www.benzinga.com/quote/mck/analyst-ratings" target="_blank" rel="noreferrer noopener">the company&#8217;s price targets</a>.</li>
<li>BIO-TECHNE Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TECH#NASDAQ">TECH</a>) stock 11.71% value last week on worse-than-expected Q4 revenue results.</li>
<li>Warner Bros. Discovery, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) stock declined 10.62% following weak <a href="https://www.benzinga.com//node/40234107" target="_blank" rel="noreferrer noopener">second-quarter financial results</a>. Several analysts updated their ratings <a href="https://www.benzinga.com//node/40264035" target="_blank" rel="noreferrer noopener">and price targets on the stock</a>.</li>
<li>Charles River Laboratories International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRL#NYSE">CRL</a>) shares dipped 10.41% on Q2 results and cut its FY24 <a href="https://www.benzinga.com//node/40222523" target="_blank" rel="noreferrer noopener">adjusted outlook</a>. Analysts lowered the <a href="https://www.benzinga.com/quote/crl/analyst-ratings" target="_blank" rel="noreferrer noopener">price target on the stock</a>.</li>
<li>Sarepta Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRPT#NASDAQ">SRPT</a>) stock fell 9.33% on worse-than-expected Q2 sales results. The company issued FY25 net product revenue guidance below estimates, and several analysts <a href="https://www.benzinga.com/quote/srpt/analyst-ratings" target="_blank" rel="noreferrer noopener">cut their price forecasts</a> for the stock.</li>
<li>Monster Beverage Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNST#NASDAQ">MNST</a>) stock plummeted 8.95% after the company reported <a href="https://www.benzinga.com//node/40233200" target="_blank" rel="noreferrer noopener">Q2 financial results</a>. Many analysts <a href="https://www.benzinga.com/quote/mnst/analyst-ratings" target="_blank" rel="noreferrer noopener">cut the price target</a>.</li>
<li>TopBuild Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLD#NYSE">BLD</a>) stock dived 8.93% following worse-<a href="https://www.benzinga.com//node/40182863" target="_blank" rel="noreferrer noopener">than-expected quarterly results</a>. Several analysts lowered the price <a href="https://www.benzinga.com/quote/bld/analyst-ratings" target="_blank" rel="noreferrer noopener">target on the company</a>.</li>
<li>Airbnb, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>) stock dived 7.01% after the company reported worse-than-expected quarterly EPS results and issued <a href="https://www.benzinga.com//node/40203008" target="_blank" rel="noreferrer noopener">third-quarter revenue guidance below estimates</a>. Many analysts slashed the <a href="https://www.benzinga.com//node/40227192" target="_blank" rel="noreferrer noopener">price target and forecast on the stock</a>.</li>
<li>Advanced Drainage Systems, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMS#NYSE">WMS</a>) stock fell 6.94% <a href="https://www.benzinga.com//node/40246477" target="_blank" rel="noreferrer noopener">following a quarterly earnings miss</a>.</li>
<li>SBA Communications Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBAC#NASDAQ">SBAC</a>) stock fell 6.85% in the last week.</li>
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Also Read:
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<li><a href="https://www.benzinga.com/news/24/08/40303526/shopify-palantir-and-uber-are-among-top-10-large-cap-gainers-last-week-aug-4-aug-10-are-the-others-i" target="_blank" rel="noreferrer noopener">Shopify, Palantir And Uber Are Among Top 10 Large Cap Gainers Last Week (Aug 4-Aug 10): Are The Others In Your Portfolio?</a></li>
</ul>
Photo via Shutterstock

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Warner Bros, Airbnb And Monster Beverage Are Among Top 10 Large Cap Losers Last Week (Aug 4-Aug 10): Are The Others In Your Portfolio?

RBC Capital analyst Jonathan Atkin maintains SBA Comms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBAC#NASDAQ">SBAC</a>) with a Outperform and raises the price target from $235 to $245.

RBC Capital Maintains Outperform on SBA Comms, Raises Price Target to $245

Meeting to be held in New York on November 6 hosted by KeyBanc. Published first on TheFly – the ultimate source for real-time, market-moving breaki...

SBA Communications management to meet with  KeyBanc

3 REITs With Rapid Dividend Growth

With economic conditions stabilizing and demand rising for infrastructure, REITs present a compelling opportunity. Given this backdrop, you might consider keeping track of top-rated REITs like American Tower Corp (AMT), SBA Communications Corp (SBAC), and Alexandria Real Estate Equities, Inc. (ARE) that have attractive dividend yield and growth opportunities. Read more… Real Estate Investment Trusts, or <a href="https://www.investopedia.com/terms/r/reit.asp">REITs</a>, are gaining traction among income-focused investors due to their ability to offer consistent dividends along with long-term growth prospects.
Thus, investors looking for high dividend yields may consider looking into American Tower Corporation (<a href="https://stocknews.com/stock/AMT/">AMT</a>), SBA Communications Corporation (<a href="https://stocknews.com/stock/SBAC/">SBAC</a>), and Alexandria Real Estate Equities, Inc. (<a href="https://stocknews.com/stock/ARE/">ARE</a>), which are also poised to grow.  
In the current environment, cooling inflation and stabilizing interest rates provide a favorable atmosphere for REITs. Samuel Sahn, managing partner and portfolio manager at Hazelview Investments, <a href="https://www.wealthprofessional.ca/news/industry-news/reits-poised-for-recovery-as-market-conditions-shift-in-their-favour/386788">believes that</a> "macroeconomic conditions are taking a shift in the favor of interest rate-sensitive industries like REITs." These conditions help REITs reduce borrowing costs, making it easier to expand their portfolios and enhance profitability.
Investors are particularly drawn to top-rated REITs that specialize in sectors like industrial properties, residential spaces, and data centers, each thriving in response to emerging market trends. Moreover, <a href="https://www.reit.com/investing/why-invest-reits">REITs provide diversification opportunities</a>, which makes them less correlated. REITs can help maximize returns while balancing sector-specific risks.
The global REIT market is anticipated to grow by $350.20 billion by 2028, <a href="https://www.technavio.com/report/reit-market-analysis">exhibiting a CAGR of 2.9%</a>, showing a real positive REIT growth in the economy. REITs offer a compelling mix of income generation and capital appreciation.
Considering these conducive trends, let's look at the fundamentals of the above-mentioned stocks in detail:
American Tower Corporation (<a href="https://stocknews.com/stock/AMT/">AMT</a>)
AMT owns, operates, and develops real estate for multitenant communications. Its primary business is leasing space on multitenant communications sites to wireless service providers, radio and television broadcast companies, wireless data providers, government agencies, municipalities, and other industries. 
On October 25, AMT paid a quarterly cash distribution of $1.62 per share on its common stock. It has raised its <a href="https://www.investopedia.com/terms/d/dividend.asp">dividends</a> for 11 consecutive years. The company pays an annual dividend of $6.56, which translates to a yield of 2.91% at the current share price level, while its four-year average dividend yield is 2.58%.
Moreover, AMT's dividend payments have grown at CAGRs of 9.3% and 12.7% over the past three and five years, respectively.
AMT's total operating revenues for the fiscal second quarter that ended June 30, 2024, increased 4.6% year-over-year to $2.90 billion. The company's operating income grew 47% from the year-ago quarter to $1.28 billion, while its attributable net income came in at $900.30 million, representing an increase of 89.3% from last year.
In addition, AFFO and AFFO per share attributable to AMT common stockholders stood at $1.31 billion and $2.79, up 13.5% and 13.4% year-over-year, respectively. Furthermore, its adjusted EBITDA rose 8.1% from the prior year's period to $1.89 billion.
Street expects AMT's FFO for the current year (ending December 2024) to increase 7% year-over-year to $10.56, while its revenue is estimated to reach $10.94 billion. Further, AMT topped the consensus FFO estimates in three of the trailing four quarters, which is promising.
Moreover, AMT's revenue has grown at CAGRs of 9.7% and 8.3% over the past three and five years, respectively. In addition, its net income increased at 11.1% CAGR over the past five years.
The stock has gained 37.6% over the past year and 28.9% over the past six months to close the last trading session at $222.80.
AMT's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its robust outlook. The stock has an overall rating of B, which equates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
AMT has a B grade for Growth, Momentum, Stability, and Quality. It is ranked #4 out of 44 stocks in the <a href="https://stocknews.com/category/reits-diversified/">REITs - Diversified</a> industry. <a href="https://stocknews.com/stock/AMT/">Click here</a> to see the additional ratings for AMT (Value and Sentiment).
SBA Communications Corporation (<a href="https://stocknews.com/stock/SBAC/">SBAC</a>)
SBAC is a leading independent owner and operator of wireless communications infrastructure, including towers, buildings, rooftops, distributed antenna systems (DAS), and small cells. It operates through two segments: Domestic Site Leasing and International Site Leasing. 
On September 18, buoyed by its strong financial performance, SBAC paid its shareholders a quarterly dividend of $0.98 per share on its Class A Common Stock. It pays an annual dividend of $3.92, which translates to a yield of 1.62% at the current price level. The company's four-year average dividend yield is 1.08%. Moreover, SBAC's dividend payouts have grown at a CAGR of 59.3% over the past five years.
SBAC's total revenues for the fiscal second quarter that ended June 30, 2024, amounted to $660.48 million, with a 1.2% year-over-year increase in its site leasing revenue.
Its operating income stood at $354.47 million, up 46.9% year-over-year, while its net income grew 30.4% from the year-ago value to $159.45 million. Moreover, the company's AFFO and AFFO per share amounted to $354.33 million and $3.29, respectively, increasing 1.5% and 2.8% from the prior year's period.
Analysts expect SBAC's revenue and FFO for the current year (ending December 2024) to be $2.66 billion and $12.35, respectively. For the fiscal year 2025, both its revenue and FFO are expected to grow by 2% and 2.8% from the prior year to $2.71 billion and $12.70, respectively.
Over the past three and five years, SBAC's operation income (EBIT) grew at CAGRs of 21.5% and 17.2%, respectively, while its diluted EPS grew at 33.1% CAGR over the past five years.
Over the past year, the stock has surged 23.6%, closing the last trading session at $241.79.
SBAC's bright prospects are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
It also has a B grade for Growth, Momentum, and Quality. Within the REITs - Diversified industry, it is ranked #6 out of 44 stocks. <a href="https://stocknews.com/stock/SBAC/">Click here</a> to see SBAC's ratings for Value, Stability, and Sentiment.
Alexandria Real Estate Equities, Inc. (<a href="https://stocknews.com/stock/ARE/">ARE</a>)
ARE is a life science real estate investment trust that owns, operates, and develops collaborative life science, agricultural technology (ag-tech), and advanced technology mega campuses in AAA innovation cluster locations.
On October 15, the company paid its shareholders a quarterly dividend of $1.30 per common share. With 13 years of consecutive dividend growth, ARE pays an annual dividend of $5.20, which translates to a yield of 4.60% at the current price level. Moreover, its dividend payouts have grown at CAGRs of 5.2% and 5.5% over the past three and five years, respectively.
ARE's revenues increased 10.9% year-over-year for the third quarter that ended September 30, 2024, to $791.61 million. Its net income grew 213% from the year-ago value to $213.60 million, while the investment income came in at $15.24 million compared to a year-ago net loss of $80.67 million. Also, its FFO and FFO per share came in at $407.87 million and $2.37, representing an increase of 5.5% and 4.9% year-over-year.
The consensus revenue estimate of $777.55 million for the fiscal fourth quarter (ending December 2024) represents a 2.7% increase year-over-year. The consensus FFO estimate of $2.39 for the same quarter indicates a 5% improvement year-over-year. The company has an impressive surprise history; it surpassed the consensus EPS estimates in three of the trailing four quarters.
ARE's revenue has grown at CAGRs of 15.4% and 15.9% over the past three and five years, respectively. Likewise, the company's earnings from continued operations have increased at a CAGR of 23.4% over the past five years.
ARE's stock has surged 22.9% over the past year to close the last trading session at $113.02.
ARE's stance is reflected in its POWR Ratings. It has a B grade for Growth and Momentum.
It is ranked #2 out of 12 stocks in the <a href="https://stocknews.com/category/reits-office/">REITs - Office</a> industry. <a href="https://stocknews.com/stock/ARE/">Click here</a> to see the other ARE ratings for Value, Stability, Sentiment, and Quality.
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<hr />
AMT shares were trading at $222.40 per share on Monday afternoon, down $0.40 (-0.18%). Year-to-date, AMT has gained 5.57%, versus a 23.52% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: ShreyaRathi</h2> <img src='https:/wp-content/uploads/2024/10/0.jpeg' style="float:left; padding:5px;width:125px;"><a href="https://stocknews.com/authors/?author=shreya-rathi">More...</a>The post <a href=https://stocknews.com/news/amt-sbac-are-3-top-rated-reits-for-high-dividends-and-growth-potential/>3 Top-Rated REITS for High Dividends and Growth Potential</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Top-Rated REITS for High Dividends and Growth Potential

As 5G revolutionizes industries, investors can look to invest in communication-focused REITs such as American Tower Corp. (AMT), Crown Castle (CCI), and SBA Communications (SBAC) that seem to thrive and generate significant long-term returns. Read on… As 5G technology reshapes industries, <a href="https://www.investopedia.com/terms/r/reit.asp">Real Estate Investment Trusts (REITs)</a> with stakes in communication infrastructure are positioned to benefit from this high-tech wave. Below, I have highlighted three fundamentally strong REITs: American Tower Corporation (<a href="https://stocknews.com/stock/AMT/">AMT</a>), Crown Castle Inc. (<a href="https://stocknews.com/stock/CCI/">CCI</a>), and SBA Communications Corporation (<a href="https://stocknews.com/stock/SBAC/">SBAC</a>), which are poised for growth as the 5G rollout gains momentum.
You've probably heard of 5G by now. It's the latest or, let's say, ‘fifth' generation of cellular wireless technology that promises speeds up to 100 times faster than 4G, enabling nearly instant internet connections. Beyond our smartphones, 5G unlocks the potential for innovations like self-driving cars, advanced robotics, AI-driven applications, and even entire smart cities.
However, to support this next-generation technology, an extensive infrastructure overhaul is necessary, meaning new and upgraded cell towers and support structures are in high demand. According to Fortune Business Insights, the global 5G infrastructure market is projected to reach <a href="https://www.fortunebusinessinsights.com/industry-reports/5g-infrastructure-market-100869">$590.18 billion by 2032</a>, exhibiting a CAGR of 42.7% from 2024 to 2032.
This increased need for towers translates to growing opportunities for REITs specializing in communication infrastructure. Moreover, REITs offer a unique advantage for investors, as they're required to distribute at least 90% of their income as dividends, making them a reliable source of returns even in uncertain economic times.
Furthermore, Technavio projects that the global REIT market will increase by $350.20 billion between 2023 and 2028. The market's growth momentum is estimated to accelerate at a <a href="https://www.technavio.com/report/reit-market-analysis">CAGR of 2.9%</a> in the same period.
With these factors in mind, let's examine the fundamentals of <a href="https://stocknews.com/category/reits-diversified/">REITs - Diversified</a> stocks, starting with the #3 on our list.
Stock #3: Crown Castle Inc. (<a href="https://stocknews.com/stock/CCI/">CCI</a>)
CCI is a REIT that owns, operates, and leases more than 40,000 cell towers and approximately 90,000 route miles of fiber supporting small cells and fiber solutions across the U.S. market. Its business provides access, including space or capacity, to its shared communications infrastructure via long-term contracts in various forms, including lease, license, sublease, and service agreements.
On September 30, the company paid its shareholders a quarterly dividend of $1.57 per common share. With nine years of consecutive dividend growth, CCI pays an annual dividend of $6.26, which translates to a yield of 5.62% at the current price level. Moreover, its dividend payouts have grown at CAGRs of 5.6% and 6.8% over the past three and five years, respectively.
CCI's site rental revenues increased marginally year-over-year for the third quarter that ended September 30, 2024, to $1.59 billion. Its operating income grew 11.9% from the year-ago value to $544 million, while its net income stood at $303 million, up 14.3% year-over-year. The company's adjusted EBITDA grew 2.7% from the prior year period to $1.08 billion. Also, its adjusted FFO and AFFO per share came in at $801 million and 1.84, representing an increase of 4.4% and 3.9% year-over-year.
Analysts expect CCI's FFO and revenue for the current year ending December 31, 2024, to reach $6.61 and $6.56 billion, respectively. For the fiscal year 2025, its EPS is forecasted to increase by 1.8% year-over-year to $6.73, while its revenue is estimated to be $6.46 billion.
Over the past year, the REIT has gained 23.6%, closing the last trading session at $108.91.
CCI's stance is reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. It has a B grade for Momentum and Quality. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It is ranked #16 out of 44 stocks in the <a href="https://stocknews.com/category/reits-diversified/">REITs - Diversified</a> industry. <a href="https://stocknews.com/stock/CCI/">Click here</a> to see the other CCI ratings for Growth, Value, Stability, and Sentiment.
Stock #2: SBA Communications Corporation (<a href="https://stocknews.com/stock/SBAC/">SBAC</a>)
SBAC is a leading independent owner and operator of wireless communications infrastructure, including towers, buildings, rooftops, distributed antenna systems (DAS), and small cells. It has a portfolio of more than 39,000 communications sites in 15 markets throughout the Americas, Africa, and the Philippines.
On September 18, buoyed by its strong financial performance, SBAC paid its shareholders a quarterly dividend of $0.98 per share on its Class A Common Stock. The company has raised its dividends for four consecutive years. It pays an annual dividend of $3.92, which translates to a yield of 1.59% at the current price level. Moreover, SBAC's dividend payouts have grown at a CAGR of 19.8% over the past three years, while its four-year average dividend yield is 1.08%.
SBAC's total revenues for the fiscal second quarter that ended June 30, 2024, amounted to $660.48 million, with a 1.2% year-over-year increase in its site leasing revenue. Its operating income stood at $354.47 million, up 46.9% year-over-year, while its net income grew 30.4% from the year-ago value to $159.45 million. Moreover, the company's AFFO and AFFO per share amounted to $354.33 million and $3.29, respectively, increasing 1.5% and 2.8% from the prior year's period.
For the third quarter of fiscal 2024 (ended September 2024), SBAC's FFO is expected to grow by 17.7% year-over-year to $3.20, while its revenue for the same period is estimated to be $670.22 million. Moreover, the consensus revenue and FFO estimates of $2.71 billion and $12.70 for the next fiscal year ending December 2025 reflect a 2% and 2.8% year-over-year growth, respectively.
The stock has gained 22.7% over the past year to close the last trading session at $241.79.
SBAC's strong fundamentals are reflected in its POWR Ratings. The stock has an overall rating of B, equating to a Buy in our proprietary rating system.
It also has a B grade for Growth, Momentum, and Quality. Within the same industry, it is ranked #7 out of 44 stocks. <a href="https://stocknews.com/stock/SBAC/">Click here</a> to see the additional ratings for SBAC (Value, Stability, and Sentiment).
Stock #1: American Tower Corporation (<a href="https://stocknews.com/stock/AMT/">AMT</a>)
AMT owns, operates, and develops real estate for multitenant communications. It works primarily on leasing space on multitenant communications to wireless service providers, radio and television broadcast companies, wireless data providers, government agencies, municipalities, and tenants in various industries.
On September 12, AMT declared a quarterly cash distribution of $1.62 per share on its common stock. The distribution is payable on October 25, 2024, to stockholders of record at the close of business on October 9, 2024. This reflects AMT's ongoing commitment to shareholder returns.
AMT has raised its dividends for 11 consecutive years. It pays an annual dividend of $6.48, which translates to a yield of 2.87% at the current share price level. Moreover, the company's dividend payments have grown at CAGRs of 9.3% and 12.7% over the past three and five years, respectively.
AMT's total operating revenues for the fiscal second quarter that ended June 30, 2024, increased 4.6% year-over-year to $2.90 billion. The company's operating income grew 47% from the year-ago quarter to $1.28 billion, while its attributable net income came in at $900.30 million, representing an increase of 89.3% from last year.
In addition, AFFO and AFFO per share attributable to AMT common stockholders stood at $1.31 billion and $2.79, up 13.5% and 13.4% year-over-year, respectively. Furthermore, its adjusted EBITDA rose 8.1% from the prior year's period to $1.89 billion.
Street expects AMT's FFO for the current year (ending December 2024) to increase 7% year-over-year to $10.56, while its revenue is estimated to reach $10.94 billion. Furthermore, AMT topped the consensus FFO estimates in three of the trailing four quarters, which is promising.
Shares of AMT have surged 28.5% over the past six months and 36.5% over the past year to close the last trading session at $222.80.
AMT's POWR Ratings reflect its robust outlook. The stock has an overall rating of B, equating to a Buy in our proprietary rating system.
It has a B grade for Growth, Momentum, Stability, Sentiment, and Quality. AMT is ranked #5 out of 44 stocks in the REITs – Diversified industry. <a href="https://stocknews.com/stock/AMT/">Click here</a> to see AMT's rating for Value.
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<hr />
AMT shares . Year-to-date, AMT has gained 5.76%, versus a 22.97% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Shweta Kumari</h2> <img src='https:/wp-content/uploads/2022/03/Shweta-Kumari_Image-2.jpg' style="float:left; padding:5px;width:125px;">Shweta's profound interest in financial research and quantitative analysis led her to pursue a career as an investment analyst. She uses her knowledge to help retail investors make educated investment decisions.<a href="https://stocknews.com/authors/?author=shweta-kumari">More...</a>The post <a href=https://stocknews.com/news/amt-cci-sbac-3-reits-benefiting-from-the-global-5g-rollout/>3 REITs Benefiting From the Global 5G Rollout</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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