On Thursday, Shares of SBA Communications Corporation (NASDAQ:SBAC), subtract -3.44% and closed at $100.00 in the last trading session. The last trading range of the stock ranges between $99.37 and $104.54. SBA Communications Corporation (SBAC) (“SBA” or the “Company”) recently stated results for the quarter ended September 30, 2016.
“The third quarter was another solid quarter for SBA,” commented Jeffrey A. Stoops, President and Chief Executive Officer. “Organic leasing demand was steady, consistent with both the type and amount of customer activity practiced all year. Amendment activity in the U.S. was very strong, with our customers adding to or modifying existing macro sites to refarm 2G and 3G uses to 4G LTE or to add new spectrum to their networks. In our international markets, customer activity was more balanced between new macro sites and additions or modifications to existing macro sites. Our Outlook for the Fourth Quarter of 2016 assumes customer activity remains materially the same as we have practiced during the first three quarters of the year. We executed very well in the third quarter, producing once again industry-leading operating margins. We allocated capital in the quarter opportunistically and in our opinion very attractively, spread among portfolio growth, stock repurchases and ground purchases. We ended the quarter within our target leverage range. Finally, we accomplished a refinancing of a material portion of our indebtedness on very favorable terms, substantially reducing our interest costs on that portion of our capital structure. AFFO continues to increase, and our share count continues to decrease. We expect this same trend to continue in the fourth quarter. Our third quarter success in each of these areas, organic growth, operating performance, asset growth, stock repurchases and financing, positively contributes to our long term aim of producing AFFO of $10 or more per share in 2020.”
Ball Corporation (NYSE:BLL), dropped -3.44% and closed at $75.89 in the last trading session. The last trading range of the stock ranges between $75.15 and $78.84. The company’s Market capitalization is $13.05 Billion with the total Outstanding Shares of 174.81 million. Ball Corporation (BLL) recently won a 2016 Aerosol Packaging award from the British Aerosol Manufacturers’ Association (BAMA) for its ReAl™ Henkel Fa Men Attraction Force can.
The Henkel Fa Men Attraction Force can is 10 percent lighter than a standard can, which lends itself to a smaller overall carbon footprint. The Attraction Force can is also the first with a flat shoulder design in Ball’s ReAl™ packaging. The BAMA award for the Fa Men Attraction Force demonstrates recognition from the industry for the versatility of Ball’s ReAl™ cans, in addition to Ball Corporation’s commitment to a sustainable and responsible manufacturing process.
Lennar Corporation (NYSE:LEN), jumped 1.80% and closed at $41.84 in the last trading session. The last trading range of the stock ranges between $40.96 and $42.11. During the 52-week trading session the minimum price at which share price traded, registered at $37.14 and reached to max level of $52.49. Lennar Corporation, together with its auxiliaries, engages in the homebuilding activities in the United States. The company operates through Homebuilding East, Homebuilding Central, Homebuilding West, Homebuilding Southeast Florida, Homebuilding Houston, and Homebuilding Other segments. Its homebuilding activities mainly include the construction and sale of single-family attached and detached homes to first-time, move-up, and active adult homebuyers, in addition to the purchase, development, and sale of residential land. The company also offers real estate related financial services, counting mortgage financing, title insurance, and closing services for home buyers and others, in addition to personal lines, property, and casualty insurance products. In addition, it is involved in raising, investing, and managing third party capital; and originating and selling into securitizations commercial mortgage loans, in addition to investing in real estate related mortgage loans, properties, and related securities. Further, the company sponsors, invests, and manages private equity vehicles, and provides asset administration and other services to the vehicles and other third parties. In Addition To, the company develops multifamily rental properties.