Landmark Infrastructure Partners LP (NASDAQ:LMRK) insider Arthur P. Brazy, Jr. bought 6,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were acquired at an average cost of $17.04 per share, with a total value of $102,240.00. Following the acquisition, the insider now directly owns 80,181 shares of the company’s stock, valued at $1,366,284.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Landmark Infrastructure Partners LP (NASDAQ:LMRK) opened at $16.85 on Friday. The stock has a market cap of $332.39, a PE ratio of 24.71 and a beta of 0.41. Landmark Infrastructure Partners LP has a 1 year low of $12.55 and a 1 year high of $18.15. The company has a debt-to-equity ratio of 2.88, a quick ratio of 3.93 and a current ratio of 3.93.
The company also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Wednesday, November 1st were issued a $0.3575 dividend. This is a boost from Landmark Infrastructure Partners’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Tuesday, October 31st. This represents a $1.43 annualized dividend and a yield of 8.49%. Landmark Infrastructure Partners’s dividend payout ratio (DPR) is 255.36%.
A number of large investors have recently modified their holdings of the stock. Orinda Asset Management LLC raised its holdings in Landmark Infrastructure Partners by 38.9% during the third quarter. Orinda Asset Management LLC now owns 117,800 shares of the financial services provider’s stock worth $1,997,000 after purchasing an additional 32,987 shares in the last quarter. Green Square Capital LLC raised its holdings in Landmark Infrastructure Partners by 1.5% during the second quarter. Green Square Capital LLC now owns 1,018,867 shares of the financial services provider’s stock worth $16,302,000 after purchasing an additional 15,462 shares in the last quarter. A. D. Beadell Investment Counsel Inc. raised its holdings in Landmark Infrastructure Partners by 27.5% during the second quarter. A. D. Beadell Investment Counsel Inc. now owns 13,900 shares of the financial services provider’s stock worth $222,000 after purchasing an additional 3,000 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in Landmark Infrastructure Partners by 8.0% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 80,172 shares of the financial services provider’s stock worth $1,283,000 after purchasing an additional 5,934 shares in the last quarter. Finally, Oxbow Advisors LLC acquired a new stake in Landmark Infrastructure Partners during the third quarter worth approximately $486,000. 28.61% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages recently issued reports on LMRK. Royal Bank Of Canada reissued a “buy” rating and issued a $19.00 price objective on shares of Landmark Infrastructure Partners in a report on Wednesday, August 9th. Zacks Investment Research lowered shares of Landmark Infrastructure Partners from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. BidaskClub lowered shares of Landmark Infrastructure Partners from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Finally, B. Riley reaffirmed a “buy” rating on shares of Landmark Infrastructure Partners in a research note on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $18.50.
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About Landmark Infrastructure Partners
Landmark Infrastructure Partners LP is a master limited partnership formed to acquire, own and manage a portfolio of real property interests that it leases to companies in the wireless communication, outdoor advertising and renewable power generation industries. The Company operates through three segments.
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