Raymond James Starts Radius Global Infrastructure (RADI) at Outperform

April 22, 2021 4:33 PM EDT
Get Alerts RADI Hot Sheet
Price: $13.98 -2.92%

Rating Summary:
    4 Buy, 0 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 26 | Down: 19 | New: 41
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Raymond James analyst Ric Prentiss initiates coverage on Radius Global Infrastructure (NASDAQ: RADI) with an Outperform rating and a price target of $18.00.

The analyst commented, "We are initiating coverage on Radius Global Infrastructure, Inc. (RADI) with an Outperform rating and $18 target price. RADI is a real estate (but not REIT) company that aggregates telecom infrastructure leases (primarily land under cell towers and rooftops), with an in-place portfolio of >7K leases across >5K sites that provide stable, recurring, and steadily growing cash flows. Given the placement of towers on the land and the mission critical nature of network infrastructure to MNOs, RADI's portfolio sees exceptionally low churn with pricing power through escalators and lease-up. Moreover, RADI has a platform of ~150 origination specialists across its 19 country footprint who drive additional growth through acquisition (1.3K sites at YE14 to 5.4K at YE20, 27% CAGR) in a market with extremely low concentration (>5M sites worldwide). This creates the potential for virtually perpetual accretive growth, both in the land/rooftop market and in the broader telecom infrastructure space."

For an analyst ratings summary and ratings history on Radius Global Infrastructure click here. For more ratings news on Radius Global Infrastructure click here.

Shares of Radius Global Infrastructure closed at $15.24 yesterday.



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