SBA Communications (SBAC) – Analysts’ Recent Ratings Updates

Several analysts have recently updated their ratings and price targets for SBA Communications (NASDAQ: SBAC):

• 10/20/2026 – SBA Communications had its price target lowered by Sanford C. Bernstein from $219.00 to $208.00. They now have a “market perform” rating on the stock.
• 10/15/2026 – SBA Communications was upgraded by Weiss Ratings from “hold (c-)” to “hold (c)”.
• 10/15/2026 – SBA Communications was upgraded by Jefferies Financial Group Inc. to “hold”.
• 10/5/2026 – SBA Communications had its “outperform” rating reaffirmed by Raymond James Financial, Inc.. They now have a $271.00 price target on the stock.
• 9/30/2026 – SBA Communications had its price target lowered by Barclays PLC from $208.00 to $207.00. They now have an “overweight” rating on the stock.
• 9/24/2026 – SBA Communications was downgraded by Weiss Ratings from “hold (c)” to “hold (c-)”.
• 9/21/2026 – SBA Communications had its price target lowered by Morgan Stanley from $215.00 to $205.00. They now have an “equal weight” rating on the stock.
• 8/24/2026 – SBA Communications was downgraded by UBS Group AG from “market perform” to “hold”.
• 8/24/2026 – SBA Communications had its “market perform” rating reaffirmed by BMO Capital Markets.

SBA Communications Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, August 20th were paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Thursday, August 20th. SBA Communications’s dividend payout ratio is currently 53.88%.

Insider Buying and Selling

In other SBA Communications news, Director George R. Krouse, Jr. sold 300 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $182.67, for a total value of $54,801.00. Following the completion of the sale, the director owned 8,512 shares in the company, valued at approximately $1,554,887.04. This represents a 3.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 9.50% of the company’s stock.

SBA Communications Corporation is a real estate investment trust that owns and operates wireless communications infrastructure. The company’s portfolio primarily consists of wireless communications towers and related sites that support cellular, wireless broadband, and other communications equipment.

SBA Communications leases antenna space on its towers to wireless service providers, government agencies, and other communications companies. It also provides site development services, including zoning, permitting, construction, and project management, as well as tower construction and acquisition services in selected markets.

Founded in 1989 and headquartered in Boca Raton, Florida, SBA Communications serves customers across the United States and in parts of Central and South America.