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SBA Communications owns and operates almost 40,000 cell towers throughout North America, South America, and Africa. It leases space on its towers to wireless service providers, which install equipment on the towers to support their wireless networks. The company has a very concentrated customer base, with most revenue in each market being generated by just the top few mobile carriers. It owns more than 17,000 towers in the US, which accounted for about 70% of the company’s total revenue in 2023. Internationally, SBA’s greatest presence is in Brazil, where it operates roughly 10,000 towers. SBA operates as a real estate investment trust.

AvalonBay Inc. is a real estate investment trust that develops, owns, and operates apartment communities. The company focuses on upper-tier apartments. The company was founded in 1978 and reincorporated in 1995, when it began to focus on apartment communities. It currently has about 300 properties containing almost 88,000 apartments, concentrated in high-wage regions. The company's portfolio is varied, with luxury high-rise urban buildings and smaller communities in suburban areas. The REIT's average same-store rent is currently $3,220 per month. The company has a concentration in New England, New York/New Jersey, and California, but has assets in 20 markets and 12 states. About one-fourth of same store properties are located in California and account for 22% of same-store NOI. About 18% of same-store properties are in the Mid-Atlantic and 16% in Metro NY/NJ. First-ring suburban assets have performed well, and future expansion is focused on new suburban areas with ground-floor retail space. AVB shares are a component of the S&P 500 and the company's market cap is about $27 billion.

The Vickers Top Insider Picks is a daily report that utilizes a proprietary algorithm to identify 25 companies with compelling insider purchase histories based on transactions over the past three months.

With earnings season in full swing, the volume of insider transactions has fallen to seasonal lows, with only 615 transactions meeting the criteria for inclusion in Vickers Weekly Insider Report. While that is down from the recent weekly high of 2,284 transactions, there is still noteworthy data to consider.