LandBridge Company LLC (NYSE:LB) Receives Average Rating of “Hold” from Analysts

LandBridge Company LLC (NYSE:LB) has received an average rating 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 issued a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $81.6667.

Several equities analysts recently issued reports on LB shares. Weiss Ratings lowered LandBridge from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, August 27th. The Goldman Sachs Group set a $84.00 price objective on LandBridge in a research report on Thursday, May 28th. Citigroup lifted their price objective on LandBridge from $66.00 to $86.00 and gave the stock a “neutral” rating in a report on Wednesday, August 26th. Zacks Research upgraded LandBridge from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. Finally, 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.

Hedge Funds Weigh In On LandBridge

A number of hedge funds have recently made changes to their positions in the business. California State Teachers Retirement System lifted its stake in LandBridge by 10,421.5% during the second quarter. California State Teachers Retirement System now owns 2,502,003 shares of the company’s stock worth $198,259,000 after purchasing an additional 2,478,223 shares during the period. First Manhattan CO. LLC. lifted its position in shares of LandBridge by 24.0% during the 4th quarter. First Manhattan CO. LLC. now owns 6,861,939 shares of the company’s stock worth $338,714,000 after buying an additional 1,330,099 shares during the period. William Blair Investment Management LLC acquired a new stake in LandBridge in the 4th quarter valued at $33,817,000. DF Dent & Co. Inc. acquired a new stake in LandBridge in the 4th quarter valued at $21,506,000. Finally, Ashford Capital Management Inc. bought a new stake in LandBridge in the first quarter valued at $17,162,000.

LandBridge Stock Down 0.7%

Shares of LB opened at $86.32 on Friday. The company has a 50-day simple moving average of $80.57 and a 200-day simple moving average of $73.64. The firm has a market capitalization of $6.65 billion, a P/E ratio of 76.39 and a beta of 0.09. 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 has a 52 week low of $43.75 and a 52 week high of $91.69.

LandBridge Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Thursday, August 27th were paid a dividend of $0.12 per share. The ex-dividend date was Thursday, August 27th. This represents a $0.48 dividend on an annualized basis and a yield of 0.6%. LandBridge’s payout ratio is currently 42.48%.

LandBridge Company Profile

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.