LandBridge Company LLC (NYSE:LB) Stock Rated "Hold" by Sell-Side Brokerages

Key Points

• Analysts maintain a “Hold” consensus on LandBridge, with seven hold, two buy and one sell rating. The average 12-month price target is $81.67.
• LandBridge shares opened at $80.63 and have traded between $43.75 and $91.69 over the past year; the company has a $6.22 billion market capitalization and a P/E ratio of 71.36.
• The company pays a quarterly dividend of $0.12, equivalent to $0.48 annually and a 0.6% yield. Several hedge funds recently increased their positions, including First Manhattan, Sei Investments and Cinctive Capital.

Shares of LandBridge Company LLC (NYSE:LB - Get Free Report) have earned an average recommendation of "Hold" from the ten ratings firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $81.67.

A number of research analysts recently weighed in on LB shares. Citigroup raised their target price on shares of LandBridge from $66.00 to $86.00 and gave the company a "neutral" rating in a report on Wednesday, August 26th. Piper Sandler upped their target price on LandBridge from $80.00 to $88.00 and gave the company a "neutral" rating in a research note on Tuesday, September 1st. Weiss Ratings upgraded shares of LandBridge from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday. Finally, Zacks Research upgraded LandBridge from a "strong sell" rating to a "hold" rating in a report on Monday, June 22nd.

LandBridge Stock Performance

NYSE:LB opened at $80.63 on Tuesday. The company has a current ratio of 7.27, a quick ratio of 7.27 and a debt-to-equity ratio of 0.64. LandBridge has a 12-month low of $43.75 and a 12-month high of $91.69. The stock has a 50-day moving average price of $82.39 and a 200 day moving average price of $74.74. The stock has a market capitalization of $6.22 billion, a P/E ratio of 71.36 and a beta of 0.09.

LandBridge Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th were given a $0.12 dividend. The ex-dividend date of this dividend was Thursday, August 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.6%. LandBridge's payout ratio is presently 42.48%.

Hedge Funds Weigh In On LandBridge

Hedge funds have recently modified their holdings of the stock. First Manhattan CO. LLC. increased its position in shares of LandBridge by 24.0% in the 4th quarter. First Manhattan CO. LLC. now owns 6,861,939 shares of the company's stock valued at $338,714,000 after acquiring an additional 1,330,099 shares during the period. Mad River Investors grew its holdings in LandBridge by 1.3% during the first quarter. Mad River Investors now owns 266,385 shares of the company's stock worth $18,394,000 after acquiring an additional 3,451 shares during the period. Ashford Capital Management Inc. purchased a new position in shares of LandBridge during the 1st quarter valued at approximately $17,162,000. Sei Investments Co. increased its holdings in LandBridge by 100.0% in the first quarter. Sei Investments Co. now owns 134,720 shares of the company's stock valued at $9,302,000 after buying an additional 67,360 shares in the last quarter. Finally, Cinctive Capital Management LP increased its stake in shares of LandBridge by 128.7% in the 4th quarter. Cinctive Capital Management LP now owns 126,914 shares of the company's stock valued at $6,218,000 after purchasing an additional 71,425 shares in the last quarter.

About LandBridge

LandBridge Company LLC is a real estate company that owns land and land-related assets in the Permian Basin, a major oil and natural gas-producing region in West Texas and southeastern New Mexico. The company provides land and infrastructure that support energy development and other industrial activities.

LandBridge generates revenue through surface leases, easements, rights-of-way, land sales, water-related arrangements and royalties associated with mineral interests. Its properties may also support renewable energy projects, carbon capture and storage, data centers, transportation infrastructure and other commercial uses.

The company was established in 2016 and became a publicly traded company in 2024.

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