Radius Global Infrastructure (NASDAQ:RADI) Stock Rating Downgraded by Zacks Investment Research
Radius Global Infrastructure (NASDAQ:RADI – Get an Assessment) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note released Saturday, Zacks.com reports.
According to Zacks, “Radius Global Infrastructure Inc., through its subsidiary AP WIP Investments LLC, owns a growing and diverse portfolio of primarily triple net lease streams from wireless carriers and tower companies for properties. Radius Global Infrastructure Inc. is based in NEW YORK. “
Several other research analysts have also recently commented on the stock. Credit Suisse Group cut its price target on shares of Radius Global Infrastructure from $24.00 to $23.00 and set an “outperform” rating on the stock in a Wednesday, March 2 research note. Raymond James raised his price target on shares of Radius Global Infrastructure from $18.00 to $22.00 in a research note on Tuesday.
Radius Global Infrastructure stock opened at $15.50 on Friday. The company has a 50-day moving average price of $13.66 and a 200-day moving average price of $14.76. The company has a market capitalization of $1.61 billion, a PE ratio of -19.37 and a beta of 1.88. The company has a current ratio of 6.42, a quick ratio of 6.42 and a debt ratio of 1.66. Radius Global Infrastructure has a 12-month low of $11.70 and a 12-month high of $18.79.
Radius Global Infrastructure (NASDAQ:RADI – Get Rating) last released its results on Monday, May 9. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.03). Radius Global Infrastructure posted a negative return on equity of 8.90% and a negative net margin of 55.12%. In the same quarter a year earlier, the company posted ($0.66) earnings per share. As a group, sell-side analysts expect Radius Global Infrastructure to post earnings per share of 0.06 for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Davidson Kempner Capital Management LP increased its position in Radius Global Infrastructure by 7.3% during the 4th quarter. Davidson Kempner Capital Management LP now owns 9,128,655 shares of the company valued at $146,880,000 after purchasing an additional 622,125 shares during the period. Westwood Holdings Group Inc. increased its position in Radius Global Infrastructure by 13.4% during the 1st quarter. Westwood Holdings Group Inc. now owns 5,737,046 shares of the company valued at $81,925,000 after purchasing an additional 679,272 shares during the period. BlackRock Inc. increased its position in Radius Global Infrastructure by 21.4% during the 1st quarter. BlackRock Inc. now owns 5,580,603 shares of the company valued at $79,693,000 after purchasing an additional 982,825 shares during the period. Vanguard Group Inc. increased its position in Radius Global Infrastructure by 23.5% during the 1st quarter. Vanguard Group Inc. now owns 3,919,633 shares of the company valued at $55,973,000 after purchasing an additional 746,043 shares during the period. Finally, Conversant Capital LLC purchased a new position in Radius Global Infrastructure during Q4, valued at approximately $57,657,000. 90.95% of the shares are currently held by institutional investors and hedge funds.
About Radius Global Infrastructure (Get an evaluation)
Radius Global Infrastructure, Inc, together with its subsidiaries, engages in the acquisition and leasing of real estate interests and contractual rights in telecommunications. The company rents wireless towers or antennas and other communication infrastructure. As of December 31, 2021, it held interests in 8,506 leases located at 8,186 communication sites located in the United States and 19 other countries.
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