Royal Bank of Canada Doubles Down on LandBridge with Massive Stake Increase

Royal Bank of Canada's stake in LandBridge Company LLC (NYSE:LB) has grown by 128.3% in the first quarter, according to a recent SEC filing.

The bank acquired an additional 25,284 shares during this period, bringing its total holdings to 44,985 shares worth approximately $3,106,000.

Other large investors have also increased their stakes in LandBridge, including Ashford Capital Management Inc., which purchased a new position worth $17,162,000 in the first quarter.

The average price target for LandBridge is around $79.20, according to MarketBeat's analysis of analyst ratings.