Weekly Investment Analysts’ Ratings Changes for SBA Communications (SBAC)

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

• 5/5/2026 – SBA Communications had its price target raised by Barclays PLC from $244.00 to $245.00. They now have an “overweight” rating on the stock.
• 5/5/2026 – SBA Communications had its “buy” rating reaffirmed by Truist Financial Corporation. They now have a $248.00 price target on the stock, up from $247.00.
• 5/1/2026 – SBA Communications had its price target raised by Scotiabank from $223.00 to $230.00. They now have a “sector perform” rating on the stock.
• 4/30/2026 – SBA Communications had its price target raised by KeyCorp from $235.00 to $250.00. They now have an “overweight” rating on the stock.
• 4/22/2026 – SBA Communications was upgraded by Weiss Ratings from “hold (c-)” to “hold (c)”.
• 4/22/2026 – SBA Communications was upgraded by Truist Financial Corporation from “hold” to “buy”. They now have a $247.00 price target on the stock, up from $193.00.
• 4/15/2026 – SBA Communications had its price target raised by Barclays PLC from $212.00 to $244.00. They now have an “overweight” rating on the stock.
• 4/9/2026 – SBA Communications had its price target raised by Morgan Stanley from $215.00 to $225.00. They now have an “equal weight” rating on the stock.
• 4/8/2026 – SBA Communications had its “hold (c-)” rating reaffirmed by Weiss Ratings.
• 4/7/2026 – SBA Communications had its price target raised by Wells Fargo & Company from $195.00 to $220.00. They now have an “equal weight” rating on the stock.
• 3/31/2026 – SBA Communications is now covered by Truist Financial Corporation. They set a “hold” rating and a $193.00 price target on the stock.

SBA Communications Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Friday, May 22nd will be issued a dividend of $1.25 per share. The ex-dividend date is Friday, May 22nd. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.3%. SBA Communications’s dividend payout ratio (DPR) is currently 52.63%.

SBA Communications Corporation (NASDAQ: SBAC) is a real estate investment trust that owns, operates and develops wireless communications infrastructure. Its core business is the leasing of space on communications towers, rooftop sites and other wireless structures to mobile network operators, broadband providers and other wireless service customers. The company also provides site development, construction and ongoing site management services to support the deployment and operation of wireless networks.

In addition to traditional macro towers, SBA offers a range of infrastructure solutions designed for dense urban and suburban markets, including small cells, distributed antenna systems (DAS) and fiber backhaul and transport services.