Market Cap
$17.0B
SBAC
SBA COMMUNICATIONS CORP
$158.79 ▲ +0.49%
Prev close $158.02Market cap$17.0B
ConsensusBuy
12-mo target$225.85 (+42.2%)
▲ Bullish
Analyst conviction 6/10
31 New Institutional Positions19 Institutional Exits Real Estate
Snapshot
The big-picture read on SBAC right now — valuation, ownership and activity at a glance.
Cap Size
Large Cap
Analyst Consensus
Buy (63%)
Inst. Holders
50 funds
Inst. Value
$15.0B
Inst. Activity
31 buys / 19 sells
Insider Activity
$0.00 buy / $54.8K sell
Insider Net $
-$54.8K
Social Sentiment
67° Warm
SEC Reports
3
Congressional
1 trades
Price chart 30d -14.8%
Daily candles (open–high–low–close) with volume. Green = up day, red = down day.
No data for this timeframe.
Vol
Recent activity
The latest filings, insider trades, analyst actions, press and options flow — newest first.
Sep 18, 2026 short_volume
Short Volume: SBAC — 76.6% short (0.4M / 0.5M)
Short: 391,155 | Exempt: 0 | TRF Vol: 510,922 | Short Ratio: 76.6% | Off-exchange volume (dark pool
Aug 17, 2026 Insider
Krouse George R Jr sold 300 shares
Director @ $182.67 ($54.8K)
Aug 1, 2026 Insider
DAY DONALD surrendered for taxes 170.689 shares
EVP - SITE LEASING @ $180.98 ($30.9K)
Aug 1, 2026 Insider
Jul 24, 2026 SEC DAY DONALD acquired via exercise 457 shares
EVP - SITE LEASING
SBA Communications entered into a new $2.5B unsecured revolving credit facility, replacing its existing secured credit a
8-K — Impact 4/10
SBA Communications priced a $3.5B three-tranche senior notes offering (4.875% 2030s, 5.150% 2031s, 5.450% 2033s) via an
8-K — Impact 4/10
SBA Communications is offering three tranches of senior unsecured notes (2030, 2031, 2033) in a preliminary filing with
424B5 — Impact 4/10
Jun 30, 2026 Inst.
JPMORGAN CHASE & CO — TRIM
2,707,005 shares ($485.9M)
Analyst ratings buy % +5.0%
How Wall Street rates the stock today, and the latest firm-by-firm actions.
63% rate it Buy or better · 27 analysts
Recent analyst actions
| Date | Firm | Action | Rating | Firm rating |
|---|---|---|---|---|
| Sep 30, 2026 | Barclays | MAINTAIN | Overweight | 54% |
| Sep 21, 2026 | Morgan Stanley | MAINTAIN | Equal-Weight | 55% |
| Aug 20, 2026 | Barclays | MAINTAIN | Overweight | 54% |
| Aug 5, 2026 | Truist Securities | MAINTAIN | Buy | 55% |
| Aug 4, 2026 | JP Morgan | MAINTAIN | Neutral | 55% |
| Aug 4, 2026 | Morgan Stanley | MAINTAIN | Equal-Weight | 55% |
| Jul 17, 2026 | Wells Fargo | UPGRADE | Overweight | 54% |
| Jul 10, 2026 | RBC Capital | MAINTAIN | Outperform | 55% |
| May 5, 2026 | Barclays | MAINTAIN | Overweight | 54% |
| May 5, 2026 | Truist Securities | REITERATE | Buy | 55% |
Monthly consensus history
| Period | Str. Buy | Buy | Hold | Sell | Str. Sell | Buy % | Distribution |
|---|---|---|---|---|---|---|---|
| Sep 1, 2026 | 4 | 13 | 10 | 0 | 0 | 63% | |
| Aug 1, 2026 | 4 | 13 | 10 | 0 | 0 | 63% | |
| Jul 1, 2026 | 4 | 12 | 11 | 0 | 0 | 59% | |
| Jun 1, 2026 | 4 | 12 | 11 | 0 | 0 | 59% | |
| May 1, 2026 | 4 | 12 | 11 | 0 | 0 | 59% | |
| Apr 1, 2026 | 4 | 11 | 10 | 0 | 0 | 60% | |
| Mar 1, 2026 | 4 | 11 | 10 | 0 | 0 | 60% | |
| Feb 1, 2026 | 4 | 11 | 10 | 0 | 0 | 60% |
Price targets
Where 20 covering analysts think SBAC trades over the next 12 months.
$225.85 +42.2% upside Strong Buy
Current$158.80 Low$167.00 Median$224.50 High$280.00 20 analysts
$167.00$280.00
Analyst rating Buy· 2.1/5 as of Oct 2, 2026
Social media sentiment mood +0.0%
Retail-investor mood aggregated across social media. 0° = very bearish, 100° = very bullish.
67°
Warm
BearishNeutralBullish
Recent posts
Reports & filings
AI-scored summaries of recent SEC filings and press releases, with sentiment and impact.
3 SEC filing reports analyzed · 0 bullish, 0 bearish, 0 mixed, 3 neutral · avg impact 4.0/10.
NEUTRAL8-K4/10
SBA Communications entered into a new $2.5B unsecured revolving credit facility, replacing its exist
Jul 24, 2026
NEUTRAL8-K4/10
SBA Communications priced a $3.5B three-tranche senior notes offering (4.875% 2030s, 5.150% 2031s, 5
Jul 15, 2026
NEUTRAL424B54/10
SBA Communications is offering three tranches of senior unsecured notes (2030, 2031, 2033) in a prel
Jul 13, 2026
Upcoming & catalyst events
Scheduled dates plus disclosed catalysts — earnings, dividends, enforcement, FDA and clinical-trial events. Colored dot = impact.
Sep 18, 2026
short_volume
Short Volume: SBAC — 76.6% short (0.4M / 0.5M)
Short: 391,155 | Exempt: 0 | TRF Vol: 510,922 | Short Ratio: 76.6% | Off-exchange volume (dark pool + OTC)
Sep 10, 2026
short_volume
Short Volume: SBAC — 58.0% short (0.4M / 0.7M)
Short: 401,584 | Exempt: 15 | TRF Vol: 692,856 | Short Ratio: 58.0% | Off-exchange volume (dark pool + OTC)
Sep 7, 2026
dark_pool
Dark Pool: SBAC — 1.4M shares, 32,495 trades
Week starting 2026-09-07. Total ATS volume: 1,417,605 shares across 32,495 trades.
Aug 31, 2026
dark_pool
Dark Pool: SBAC — 1.2M shares, 34,921 trades
Week starting 2026-08-31. Total ATS volume: 1,247,582 shares across 34,921 trades.
Aug 24, 2026
dark_pool
Dark Pool: SBAC — 1.2M shares, 35,572 trades
Week starting 2026-08-24. Total ATS volume: 1,215,528 shares across 35,572 trades.
Earnings estimates
Forecast earnings per share and revenue by period — and whether estimates are rising.
| Period | EPS Est. | Range | Growth | 30d Rev | Up/Dn | Revenue | # |
|---|---|---|---|---|---|---|---|
| Current Q | $2.09 | $1.80–$2.21 | -5.2% | -0.2% | 0↑ 1↓ | $0.7B | 9 |
| Next Q | $1.99 | $1.81–$2.18 | -42.6% | -0.2% | 0↑ 1↓ | $0.7B | 9 |
| Current FY | $7.71 | $7.29–$7.95 | -21.3% | -0.1% | 0↑ 1↓ | $2.9B | 10 |
| Next FY | $8.18 | $6.94–$9.32 | 6.1% | -0.3% | 0↑ 1↓ | $2.9B | 10 |
Current-quarter EPS estimate — revision history
| When | EPS estimate | Change vs now |
|---|---|---|
| Current | $2.086 | — |
| 7d ago | $2.086 | — |
| 30d ago | $2.091 | -0.004 |
| 60d ago | $2.014 | +0.072 |
| 90d ago | $2.016 | +0.070 |
Institutional ownership
Which big funds own SBAC (from quarterly 13F filings) and who is adding or trimming.
50 institutional holders with $15.0B total value (85,152,326 shares) as of 2026-Q2. Top holders: Erste, DODGE, BlackRock,. Net buying activity: 31 institutions added/increased vs 19 reduced.
Top holders — 2026-Q2
| Fund | Shares | Value | % Tracked | Last move |
|---|---|---|---|---|
| Erste Asset Management GmbH | 0 | $0.00 | 0.0% | — |
| DODGE & COX | 12,323,254 | $2.2B | 14.5% | — |
| BlackRock, Inc. | 10,138,749 | $1.8B | 11.9% | — |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 9,817,059 | $1.7B | 11.5% | — |
| VANGUARD CAPITAL MANAGEMENT LLC | 6,936,972 | $1.2B | 8.1% | — |
| STATE STREET CORP | 5,119,264 | $903.3M | 6.0% | — |
| GEODE CAPITAL MANAGEMENT, LLC | 3,175,913 | $558.4M | 3.7% | — |
| JPMORGAN CHASE & CO | 2,707,005 | $485.9M | 3.2% | TRIM -30.8% |
| Invesco Ltd. | 1,934,968 | $341.4M | 2.3% | — |
| DEUTSCHE BANK AG\ | 1,812,200 | $319.8M | 2.1% | DOUBLED +278.2% |
Recent position changes
| Fund | Action | Prev | Current | Change | Value |
|---|---|---|---|---|---|
| JPMORGAN CHASE & CO | TRIM | 3,913,048 | 2,707,005 | -30.8% | $485.9M |
| DEUTSCHE BANK AG\ | DOUBLED | 479,215 | 1,812,200 | +278.2% | $319.8M |
| NORGES BANK | NEW | — | 1,483,684 | — | $261.8M |
| Diamond Hill Capital Management, LLC (Investment Advisor) | TRIM | 1,934,471 | 1,294,155 | -33.1% | $228.4M |
| CITADEL ADVISORS LLC | DOUBLED | 405,444 | 1,292,825 | +218.9% | $228.1M |
| PRINCIPAL FINANCIAL GROUP INC | DOUBLED | 140,072 | 1,152,311 | +722.7% | $203.3M |
| FMR LLC | ADD | 706,461 | 1,033,501 | +46.3% | $182.4M |
| Alyeska Investment Group, L.P. | NEW | — | 992,057 | — | $175.1M |
| MILLENNIUM MANAGEMENT LLC | DOUBLED | 145,007 | 699,701 | +382.5% | $123.5M |
| Nuveen, LLC | DOUBLED | 234,524 | 614,493 | +162.0% | $108.4M |
Insider activity
Buying and selling by company executives and directors (SEC Form 4).
10 insiders, 50 transactions. Net -$54.8K — $0.00 bought, $54.8K sold.
| Date | Insider | Title | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| Aug 17, 2026 | Krouse George R Jr | Director | SELL | 300 | $182.67 | $54.8K |
| Aug 1, 2026 | DAY DONALD | EVP - SITE LEASING | TAX W/H | 170.689 | $180.98 | $30.9K |
| Aug 1, 2026 | DAY DONALD | EVP - SITE LEASING | EXERCISE | 457 | — | — |
| May 22, 2026 | Chan Mary S | Director | AWARD | 1,108 | — | — |
| May 22, 2026 | BEEBE KEVIN L | Director | AWARD | 1,108 | — | — |
| May 22, 2026 | Krouse George R Jr | Director | AWARD | 1,108 | — | — |
| May 22, 2026 | LANGER JACK | Director | AWARD | 1,108 | — | — |
| May 22, 2026 | BERNSTEIN STEVEN E | Director | AWARD | 1,108 | — | — |
| May 22, 2026 | STOOPS JEFFREY | Director | AWARD | 1,108 | — | — |
| May 22, 2026 | BOWEN LAURIE | Director | AWARD | 1,108 | — | — |
Congressional trades
SBAC trades disclosed by members of Congress, with disclosure delay.
1 members · 0 buys / 1 sells
| Date | Member | Party | Chamber | Type | Amount | Asset | Disclosed |
|---|---|---|---|---|---|---|---|
| Jan 9, 2026 | Gilbert Cisneros | D | HOUSE | SELL | $1,001 - $15,000 | SBA Communications Corp | Feb 16, 2026(39d) |
Short interest & halts
FINRA semi-monthly short positions, Reg SHO threshold status, and recent trading halts for SBAC.
Shares short
3,794,704
Settlement Sep 15, 2026
Change vs prior
+1.4%
Semi-monthly cycle
Days to cover
4.1
At avg daily volume
Of shares outstanding
≈3.6%
Estimate — not % of float
All SBAC filing & press-release reports (3)
- 8-K reportJul 24, 2026
- 8-K reportJul 15, 2026
- 424B5 reportJul 13, 2026