LandBridge Company LLC (NYSE:LB – Get Free Report) declared a quarterly dividend on Wednesday, November 4th. Stockholders of record on Wednesday, November 25th will be given a dividend of $0.12 per share on Thursday, December 10th. This represents a $0.48 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Wednesday, November 25th.
LandBridge has a dividend payout ratio of 13.5% meaning its dividend is sufficiently covered by earnings. Analysts expect LandBridge to earn $1.93 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 24.9%.
LandBridge Price Performance
Shares of NYSE:LB opened at $61.56 on Friday. The firm has a market cap of $4.75 billion, a price-to-earnings ratio of 52.87 and a beta of 0.19. The firm has a fifty day moving average price of $83.05 and a 200 day moving average price of $73.67. LandBridge has a fifty-two week low of $43.75 and a fifty-two week high of $91.69. The company has a debt-to-equity ratio of 0.64, a quick ratio of 7.27 and a current ratio of 7.27.
LandBridge (NYSE:LB – Get Free Report) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.08). The company had revenue of $70.89 million during the quarter, compared to the consensus estimate of $65.94 million. LandBridge had a net margin of 17.11% and a return on equity of 5.18%. The company’s quarterly revenue was up 39.5% on a year-over-year basis. As a group, sell-side analysts expect that LandBridge will post 1.45 earnings per share for the current fiscal year.
Analyst Ratings Changes
LB has been the topic of a number of research analyst reports. Weiss Ratings downgraded LandBridge from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, October 27th. Zacks Research cut LandBridge from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 13th. Raymond James Financial reaffirmed an “outperform” rating and issued a $91.00 price objective on shares of LandBridge in a research note on Monday, October 19th. Piper Sandler upped their price objective on LandBridge from $80.00 to $88.00 and gave the stock a “neutral” rating in a report on Tuesday, September 1st. Finally, Citigroup increased their target price on LandBridge from $66.00 to $86.00 and gave the company a “neutral” rating in a research report on Wednesday, August 26th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, LandBridge presently has an average rating of “Hold” and an average price target of $83.00.
Read Our Latest Stock Analysis on LB
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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