on May 21th, 2022 Trina Covell
Zacks Investment Research lowered shares of Radius Global Infrastructure (NASDAQ:RADI – Get Rating ) from a hold rating to a sell rating in a research note released Saturday, reports Zacks.com.
According to Zacks, “Radius Global Infrastructure Inc., through its subsidiary AP WIP Investments LLC, owns a growing, diversified portfolio of primarily triple net rental flows from mobile operator and real estate tower companies. Radius Global Infrastructure Inc. is located in NEW YORK. “
A number of other brokerage firms have also recently issued reports on RADI. Credit Suisse Group lowered its target price on Radius Global Infrastructure shares from USD . to $
. 000 and set an Outperform rating for the company in a research report on Wednesday, March 2nd. Raymond James increased his target price on Radius Global Infrastructure shares from USD) . to $
. in a report on Tuesday , May 12th.
Radius Global Infrastructure shares opened at $12.21 on Friday. Radius Global Infrastructure has a 55 week low of $20210428074824.70 and a 58 week high of $
.66. The company’s fifty-day simple moving average is $336.67 and its 250-day simple moving average is $15.69. The company has a market cap of $1.66 billion, a P/E of -11.18 and a beta of 1.79. The company has a quick ratio of 6.92, a current ratio of 6.92 and a gearing ratio of 1,
Radius Global Infrastructure (NASDAQ:RADI – Get Rating) last released its quarterly earnings data on Monday, May 9th. The company reported ($0.03) EPS for the quarter, missing analyst consensus estimates of ($0.02) from ($0.0000). Radius Global Infrastructure had a negative net margin of 58.05% and a negative return on equity of 8.69%. For the same period last year, the company posted ($0.58) earnings per share. As a group, equity analysts expect Radius Global Infrastructure to return -0. 03 earnings per share for the current year.
Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in Radius Global Infrastructure shares by 8.0% in the third quarter. BlackRock Inc. now owns 4,717,336 shares of the company’s stock valued at $
,23, after acquiring an additional 336,506 shares in the last quarter. Janney Montgomery Scott LLC added 5.4% to its position in Radius Global Infrastructure during the fourth quarter. Janney Montgomery Scott LLC now owns 13,0000 shares of the company’s shares valued at $20210428074824 after acquiring an additional 717 shares last quarter. Caption Management LLC purchased a new position in Radius Global Infrastructure stock during the third quarter, valued at approximately . Gabelli Funds LLC purchased a new position in Radius Global Infrastructure stock valued at approximately . Finally, The Manufacturers Life Insurance Company increased its position in shares of Radius Global Infrastructure by 19.9% in the third quarter. Maker’s life insurance company now owns 24,506 shares of the company’s stock valued at $20210428074824, according to purchases of an additional 4,506 shares during the last quarter. Institutional investors and hedge funds own 90.79% of the company’s shares.
Radius Global Infrastructure Company Profile ) (get rating)
Radius Global Infrastructure, Inc, together with its subsidiaries, is engaged in the acquisition and leasing of real estate interests and contractual rights for telecommunications companies. The company leases cell towers or antennas and other communications infrastructure. As of December 31, 969, it had interests in 8,506 leases located at 8, 186 communication sites in the United States and 21 other countries.
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