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SBA Communications Corporation (NASDAQ:SBAC) is a leading independent owner and operator of wireless communications infrastructure including towers, buildings, rooftops, distributed antenna systems (DAS) and small cells.

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If You Bought SBA Communications Stock 10 Years Ago

The company's stock traded at approximately $117.37 per share 10 years ago. If you had invested $10,000, you could have bought roughly 85 shares. Currently, shares trade at $221.79, meaning your investment's value could have grown to $18,897 from stock price appreciation alone. However, SBA Communications also paid dividends during these 10 years. 

SBA Communications' dividend yield is currently 1.79%. Over the last 10 years, it has paid about $15.08 in dividends per share, which means you could have made $1,284 from dividends alone. 

Summing up $18,897 and $1,284, we end up with the final value of your investment, which is $20,181. This is how much you could have made if you had invested $10,000 in SBA Communications stock 10 years ago. This means a total return of 101.81%. However, this figure is significantly less than the S&P 500 total return for the same period, which was 226.55%.

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What Could The Next 10 Years Bring? 

SBA Communications has a consensus rating of "Outperform" and a price target of $294.32 based on the ratings of 37 analysts. The price target implies a nearly 33% potential upside from the current stock price.

On Oct. 28, the company announced its Q3 2024 earnings, posting an AFFO of $3.32, compared to the consensus estimate of $3.31 and revenues of $667.60 million, compared to the consensus of $669.813 million, as reported by Benzinga.

The company updated its full-year 2024 outlook, expecting an AFFO per share of $13.20-$13.45 and total revenues of $2.66-$2.68 billion.

Check out this article by Benzinga for P/E ratio insights for SBA Communications.

Given the expected upside potential of nearly 33%, growth-focused investors may find SBA Communications stock attractive. Furthermore, they can benefit from the company's solid dividend yield of 1.79% and consistent hikes. SBA Communications has raised its dividend consecutively for the last five years.

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This article If You Invested $10,000 In SBA Communications Stock 10 Years Ago, How Much Would You Have Now? originally appeared on Benzinga.com