LandBridge Company LLC (NYSE:LB) Stock Rated "Hold" by Wall Street Brokerages

Key Points

• Wall Street’s consensus rating on LandBridge is “Hold”: Of 10 analysts, five recommend holding, four recommend buying and one recommends selling. The average 12-month price target is $83, compared with the stock’s recent price of $79.20.
• Analyst views remain mixed, with price targets ranging from upgrades to $88 and $91 to a Zacks downgrade to “strong sell.” Institutional investors have also increased their positions, including Bank of America, which nearly increased its stake tenfold.
• LandBridge shares recently traded up 2.9%, with a market capitalization of about $6.11 billion and a P/E ratio of 70.09. The company pays a quarterly dividend of $0.12, or $0.48 annually, for a yield of approximately 0.6%.

Shares of LandBridge Company LLC (NYSE:LB - Get Free Report) have received a consensus recommendation of "Hold" from the ten ratings firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $83.00.

Several brokerages recently commented on LB. Piper Sandler upped their price target on shares of LandBridge from $80.00 to $88.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 1st. Zacks Research lowered shares of LandBridge from a "hold" rating to a "strong sell" rating in a report on Tuesday, October 13th. Weiss Ratings upgraded shares of LandBridge from a "hold (c+)" rating to a "buy (b)" rating in a report on Friday, October 9th. Raymond James Financial reissued an "outperform" rating and set a $91.00 price objective on shares of LandBridge in a research note on Monday. Finally, Citigroup boosted their price objective on shares of LandBridge from $66.00 to $86.00 and gave the company a "neutral" rating in a research note on Wednesday, August 26th.

Institutional Trading of LandBridge

A number of institutional investors have recently modified their holdings of the company. Mad River Investors raised its holdings in LandBridge by 1.3% in the first quarter. Mad River Investors now owns 266,385 shares of the company's stock valued at $18,394,000 after buying an additional 3,451 shares during the period. Ashford Capital Management Inc. purchased a new stake in LandBridge during the first quarter worth approximately $17,162,000. Sei Investments Co. grew its stake in LandBridge by 100.0% during the first quarter. Sei Investments Co. now owns 134,720 shares of the company's stock worth $9,302,000 after buying an additional 67,360 shares during the period. Bank of America Corp DE grew its stake in LandBridge by 996.1% during the first quarter. Bank of America Corp DE now owns 64,933 shares of the company's stock worth $4,484,000 after buying an additional 59,009 shares during the period. Finally, Swiss National Bank grew its stake in LandBridge by 47.1% during the first quarter. Swiss National Bank now owns 55,000 shares of the company's stock worth $3,798,000 after buying an additional 17,600 shares during the period.

LandBridge Trading Up 2.9%

Shares of LB stock opened at $79.20 on Friday. The firm has a market cap of $6.11 billion, a P/E ratio of 70.09 and a beta of 0.17. LandBridge has a 1-year low of $43.75 and a 1-year high of $91.69. The company has a debt-to-equity ratio of 0.64, a current ratio of 7.27 and a quick ratio of 7.27. The firm's 50-day simple moving average is $84.54 and its 200-day simple moving average is $76.21.

LandBridge Announces Dividend

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

About LandBridge

LandBridge Company NYSE: LB is a landowner and infrastructure-focused real estate company serving the energy and industrial sectors. The company owns and manages large tracts of land in the Permian Basin, primarily in West Texas and southeastern New Mexico, one of the leading oil and natural gas producing regions in the United States.

LandBridge generates revenue by providing access to its properties and related resources. Its activities include surface-use agreements, easements, rights-of-way, water services, mineral and royalty interests, and accommodations for energy, logistics, and infrastructure projects.

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