Brokers Issue Forecasts for Landmark Infrastructure Partners LP’s Q2 2018 Earnings (LMRK)

Landmark Infrastructure Partners LP (NASDAQ:LMRK) – Equities research analysts at B. Riley issued their Q2 2018 earnings per share estimates for Landmark Infrastructure Partners in a report issued on Tuesday. B. Riley analyst L. Burke expects that the financial services provider will post earnings per share of $0.23 for the quarter. B. Riley currently has a “Buy” rating and a $20.00 target price on the stock. B. Riley also issued estimates for Landmark Infrastructure Partners’ Q4 2018 earnings at $0.30 EPS, FY2018 earnings at $0.99 EPS and FY2019 earnings at $1.04 EPS.

Several other research firms have also weighed in on LMRK. BidaskClub lowered Landmark Infrastructure Partners from a “hold” rating to a “sell” rating in a report on Friday, January 26th. Zacks Investment Research upgraded Landmark Infrastructure Partners from a “sell” rating to a “hold” rating in a report on Thursday, January 4th. Robert W. Baird set a $19.00 price target on Landmark Infrastructure Partners and gave the company a “buy” rating in a research report on Thursday, February 15th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $19.00 price target on shares of Landmark Infrastructure Partners in a research report on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $19.00.

Landmark Infrastructure Partners (LMRK) opened at $17.65 on Thursday. Landmark Infrastructure Partners has a 1-year low of $14.20 and a 1-year high of $18.75. The company has a current ratio of 6.44, a quick ratio of 6.44 and a debt-to-equity ratio of 3.09. The firm has a market capitalization of $378.99, a PE ratio of 33.30 and a beta of 0.37.

Landmark Infrastructure Partners (NASDAQ:LMRK) last posted its earnings results on Thursday, February 15th. The financial services provider reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.17. Landmark Infrastructure Partners had a return on equity of 10.41% and a net margin of 26.99%. The company had revenue of $14.48 million for the quarter, compared to analyst estimates of $15.55 million.

Large investors have recently modified their holdings of the company. Wells Fargo & Company MN grew its position in shares of Landmark Infrastructure Partners by 127.1% in the third quarter. Wells Fargo & Company MN now owns 7,951 shares of the financial services provider’s stock valued at $134,000 after purchasing an additional 4,450 shares during the last quarter. Royal Bank of Canada grew its position in shares of Landmark Infrastructure Partners by 16.4% in the second quarter. Royal Bank of Canada now owns 13,400 shares of the financial services provider’s stock valued at $214,000 after purchasing an additional 1,885 shares during the last quarter. A. D. Beadell Investment Counsel Inc. grew its position in shares of Landmark Infrastructure Partners by 31.3% in the third quarter. A. D. Beadell Investment Counsel Inc. now owns 18,250 shares of the financial services provider’s stock valued at $309,000 after purchasing an additional 4,350 shares during the last quarter. California Public Employees Retirement System acquired a new stake in shares of Landmark Infrastructure Partners in the fourth quarter valued at about $377,000. Finally, Kayne Anderson Capital Advisors LP grew its position in shares of Landmark Infrastructure Partners by 87.2% in the third quarter. Kayne Anderson Capital Advisors LP now owns 23,400 shares of the financial services provider’s stock valued at $396,000 after purchasing an additional 10,900 shares during the last quarter. 31.10% of the stock is currently owned by institutional investors.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Monday, February 5th were given a $0.3675 dividend. This is an increase from Landmark Infrastructure Partners’s previous quarterly dividend of $0.36. This represents a $1.47 annualized dividend and a dividend yield of 8.33%. The ex-dividend date was Friday, February 2nd. Landmark Infrastructure Partners’s dividend payout ratio (DPR) is currently 277.36%.

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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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