SBA Communications Corp

SBAC trades at a 22.0 P/E with an RSI of 58.4—comfortably in neutral territory rather than overbought—suggesting the market hasn't gotten ahead of itself on this $23.7B REIT. The 4.51% short float is modest and uninspiring for squeeze catalysts. What's notable is the stock sits below its 52-week high despite the valuation sitting near historical norms for tower REITs, implying either sector headwinds or that the market is pricing in moderation. At this multiple and technical setup, there's no obvious cheapness relative to the telecom infrastructure cycle, but neither is the stock screaming danger. The steady RSI indicates room to move in either direction without immediate technical extremes.