LandBridge Company LLC (NYSE:LB) to Issue Quarterly Dividend of $0.12

LandBridge Company LLC (NYSE:LB) declared a quarterly dividend on Wednesday, November 4th. Investors 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 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, November 25th.

LandBridge has a payout ratio of 13.5% meaning its dividend is sufficiently covered by earnings. Equities 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 $68.47 on Thursday. The firm’s 50-day moving average price is $83.60 and its 200-day moving average price is $73.66. The firm has a market capitalization of $5.28 billion, a P/E ratio of 60.59 and a beta of 0.19. 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 1-year low of $43.75 and a 1-year high of $91.69.

LandBridge (NYSE:LB) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.08). LandBridge had a net margin of 16.49% and a return on equity of 4.75%. The firm had revenue of $70.89 million during the quarter, compared to analyst estimates of $65.94 million. LandBridge’s revenue was up 39.5% compared to the same quarter last year. Equities research analysts anticipate that LandBridge will post 1.45 earnings per share for the current fiscal year.

Institutional Trading of LandBridge

Hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada lifted its stake in LandBridge by 128.3% during the first quarter. Royal Bank of Canada now owns 44,985 shares of the company’s stock worth $3,106,000 after purchasing an additional 25,284 shares during the last quarter. Sei Investments Co. boosted its stake in LandBridge by 100.0% in 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 in the last quarter. Swiss National Bank boosted its stake in LandBridge by 47.1% in 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 in the last quarter. Bank of America Corp DE boosted its stake in LandBridge by 996.1% in 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 in the last quarter. Finally, Ashford Capital Management Inc. bought a new position in LandBridge during the first quarter valued at approximately $17,162,000.

LandBridge Company Profile

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.