Landmark Infrastructure Partners (LMRK) Announces Earnings Results, Beats Estimates By $0.17 EPS

Landmark Infrastructure Partners (NASDAQ:LMRK) announced its earnings results on Thursday. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.17, Morningstar.com reports. Landmark Infrastructure Partners had a net margin of 26.99% and a return on equity of 10.30%. The business had revenue of $14.48 million for the quarter, compared to analyst estimates of $15.55 million.

Shares of Landmark Infrastructure Partners (NASDAQ LMRK) opened at $17.65 on Friday. The stock has a market cap of $384.41, a price-to-earnings ratio of 33.30 and a beta of 0.37. The company has a quick ratio of 3.93, a current ratio of 3.93 and a debt-to-equity ratio of 2.88. Landmark Infrastructure Partners has a fifty-two week low of $14.20 and a fifty-two week high of $18.75.

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Monday, February 5th were given a dividend of $0.3675 per share. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $1.47 dividend on an annualized basis and a yield of 8.33%. This is a positive change from Landmark Infrastructure Partners’s previous quarterly dividend of $0.36. Landmark Infrastructure Partners’s payout ratio is 277.36%.

A number of institutional investors have recently made changes to their positions in the business. Brown Advisory Inc. bought a new stake in Landmark Infrastructure Partners in the 4th quarter valued at $4,847,000. Florence Capital Advisors LLC increased its holdings in Landmark Infrastructure Partners by 1.4% in the 4th quarter. Florence Capital Advisors LLC now owns 1,755,965 shares of the financial services provider’s stock valued at $31,783,000 after buying an additional 24,382 shares during the period. Schroder Investment Management Group increased its holdings in Landmark Infrastructure Partners by 44.7% in the 4th quarter. Schroder Investment Management Group now owns 67,263 shares of the financial services provider’s stock valued at $1,217,000 after buying an additional 20,763 shares during the period. Raymond James Financial Services Advisors Inc. increased its holdings in Landmark Infrastructure Partners by 13.4% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 107,683 shares of the financial services provider’s stock valued at $1,949,000 after buying an additional 12,753 shares during the period. Finally, California Public Employees Retirement System bought a new stake in Landmark Infrastructure Partners in the 4th quarter valued at $377,000. 29.44% of the stock is currently owned by hedge funds and other institutional investors.

LMRK has been the topic of a number of research reports. Zacks Investment Research raised shares of Landmark Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Thursday, January 4th. Royal Bank of Canada reaffirmed a “buy” rating and set a $19.00 target price on shares of Landmark Infrastructure Partners in a research report on Tuesday, November 7th. BidaskClub raised shares of Landmark Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, February 7th. Robert W. Baird set a $19.00 target price on shares of Landmark Infrastructure Partners and gave the stock a “buy” rating in a research report on Thursday. Finally, B. Riley reaffirmed a “buy” rating on shares of Landmark Infrastructure Partners in a research report on Thursday, November 2nd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Landmark Infrastructure Partners presently has an average rating of “Buy” and a consensus price target of $18.67.

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Landmark Infrastructure Partners Company Profile

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.

Earnings History for Landmark Infrastructure Partners (NASDAQ:LMRK)

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