Radius Global Infrastructure (NASDAQ:RADI) Stock Rating Lowered by Jefferies Financial Group

Radius Global Infrastructure (NASDAQ:RADI – Get Rating) was downgraded by Jefferies Financial Group from a “buy” rating to a “hold” rating in a research note issued on Monday, The Fly reports.

A number of other equities analysts also recently weighed in on RADI. Credit Suisse Group downgraded shares of Radius Global Infrastructure from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $18.00 to $15.00 in a report on Friday, March 3rd. Raymond James downgraded shares of Radius Global Infrastructure from a “strong-buy” rating to an “underperform” rating in a report on Friday, March 3rd. Exane BNP Paribas began coverage on shares of Radius Global Infrastructure in a report on Wednesday, December 14th. They set an “outperform” rating and a $17.00 target price on the stock. Royal Bank of Canada initiated coverage on shares of Radius Global Infrastructure in a report on Friday, December 16th. They set a “sector perform” rating and a $13.00 target price on the stock. Finally, BNP Paribas initiated coverage on shares of Radius Global Infrastructure in a research report on Wednesday, December 14th. They set an “outperform” rating and a $17.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Radius Global Infrastructure presently has a consensus rating of “Hold” and an average price target of $15.40.

Radius Global Infrastructure Price Performance

NASDAQ RADI opened at $14.58 on Monday. The company has a quick ratio of 3.06, a current ratio of 3.06 and a debt-to-equity ratio of 2.23. Radius Global Infrastructure has a 12-month low of $7.97 and a 12-month high of $16.52. The company has a market capitalization of $1.39 billion, a PE ratio of -13.14 and a beta of 1.65. The firm’s 50 day moving average is $13.04 and its 200-day moving average is $11.85.

Institutional Investors Weigh In On Radius Global Infrastructure

A number of institutional investors have recently modified their holdings of RADI. Long Pond Capital LP bought a new stake in shares of Radius Global Infrastructure in the second quarter valued at about $44,858,000. Voss Capital LLC bought a new stake in Radius Global Infrastructure during the third quarter worth about $13,533,000. Jefferies Financial Group Inc. bought a new stake in Radius Global Infrastructure during the fourth quarter worth about $11,860,000. BlackRock Inc. lifted its position in Radius Global Infrastructure by 21.4% during the first quarter. BlackRock Inc. now owns 5,580,603 shares of the company’s stock worth $79,693,000 after purchasing an additional 982,825 shares during the period. Finally, Neuberger Berman Group LLC bought a new stake in Radius Global Infrastructure during the fourth quarter worth about $10,178,000. Institutional investors own 94.50% of the company’s stock.

Radius Global Infrastructure Company Profile

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Radius Global Infrastructure, Inc, together with its subsidiaries, engages in the acquisition and rental of telecom real property interests and contractual rights. The company leases wireless towers or antennae, and other communications infrastructure. As of December 31, 2021, it had interests in 8,506 leases situated on 8,186 communications sites located in the United States and 19 other countries.