Barclays is Positive on SBA Communications Corporation (SBAC)

SBAC -2.93%

SBA Communications Corporation (NASDAQ:SBAC) is one of the best dividend stocks in the real estate sector. On November 17, Barclays analyst Brendan Lynch reiterated a Buy call on SBAC along with a target price of $219.

In a different business update, dated November 3, SBAC released its financial results for the third quarter of 2025. During Q3, the company purchased 447 communication sites, among them 446 sites from its earlier Millicom transaction. This acquisition was worth $142.8 million. Additionally, SBAC also constructed 151 towers during the quarter ended September 30, 2025. As of Q3 this year, the company has under its management 44,581 communication sites.

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In terms of liquidity, SBA Communications Corporation (NASDAQ:SBAC) had $12.8 billion in total debt, $9.8 billion in total secured debt, cash and cash equivalents of $0.5 billion, and net debt amounting to $12.3 billion at the end of Q3 2025. Moreover, in Q3, the company acquired 748,000 Class A common shares for $154.1 million as part of its $1.5 billion buyback initiative. It also announced and delivered $119.1 million in cash dividends within the quarter.

SBA Communications Corporation (NASDAQ:SBAC) owns and operates wireless communication infrastructure across the Americas and Africa. Its real estate portfolio includes towers, buildings, rooftops, distributed antenna systems, and small cells.

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