SBA Communications Corporation (NASDAQ:SBAC) ranks among the best real estate stocks to invest in. On September 17, KeyBanc maintained its Overweight rating on SBA Communications Corporation (NASDAQ:SBAC) and increased its price target from $280 to $325. The raise is a substantial upward adjustment, indicating that KeyBanc believes the telecom infrastructure provider has further upside potential in spite of some sector challenges.
SBA Communications Corporation’s leasing environment presents difficulties, according to KeyBanc, which specifically mentioned the AT&T/DISH spectrum agreement as a concern that would affect the company’s future growth trajectory.
The firm also admitted that incremental DISH churn makes it difficult to support its premise that SBA will return to mid-single-digit AFFO (Adjusted Funds From Operations) per share growth by 2027. Instead, that growth milestone is now anticipated in 2028.
SBA Communications Corporation is a Real Estate Investment Trust with wireless infrastructure interests in several locations, including the United States, Canada, Central America, South America, and South Africa.
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This article is originally published at Insider Monkey.
