Brokerages Set Landmark Infrastructure Partners LP (LMRK) PT at $18.90

Landmark Infrastructure Partners LP (NASDAQ:LMRK) has earned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $18.90.

LMRK has been the subject of several recent research reports. B. Riley set a $20.00 price target on Landmark Infrastructure Partners and gave the company a “buy” rating in a report on Tuesday, February 20th. 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. BidaskClub raised Landmark Infrastructure Partners from a “sell” rating to a “hold” rating in a report on Friday. Zacks Investment Research raised Landmark Infrastructure Partners from a “sell” rating to a “hold” rating in a report on Thursday, January 4th. Finally, Wells Fargo & Co initiated coverage on Landmark Infrastructure Partners in a report on Monday, February 26th. They issued a “market perform” rating and a $18.50 price objective on the stock.

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Several large investors have recently made changes to their positions in the company. Brown Advisory Inc. acquired a new position in Landmark Infrastructure Partners in the 4th quarter valued at $4,847,000. Green Square Capital LLC lifted its position in shares of Landmark Infrastructure Partners by 22.3% during the fourth quarter. Green Square Capital LLC now owns 1,255,072 shares of the financial services provider’s stock worth $22,717,000 after purchasing an additional 229,199 shares during the last quarter. Oxbow Advisors LLC lifted its position in shares of Landmark Infrastructure Partners by 280.1% during the fourth quarter. Oxbow Advisors LLC now owns 109,100 shares of the financial services provider’s stock worth $1,975,000 after purchasing an additional 80,400 shares during the last quarter. Orinda Asset Management LLC lifted its position in shares of Landmark Infrastructure Partners by 65.3% during the fourth quarter. Orinda Asset Management LLC now owns 194,729 shares of the financial services provider’s stock worth $3,525,000 after purchasing an additional 76,929 shares during the last quarter. Finally, Atlantic Trust LLC bought a new position in shares of Landmark Infrastructure Partners during the third quarter worth about $1,261,000. 29.64% of the stock is currently owned by institutional investors and hedge funds.

Shares of Landmark Infrastructure Partners (LMRK) remained flat at $$16.75 on Tuesday. The stock had a trading volume of 1,249 shares, compared to its average volume of 41,129. Landmark Infrastructure Partners has a 12 month low of $14.75 and a 12 month high of $18.75. The company has a quick ratio of 6.44, a current ratio of 6.44 and a debt-to-equity ratio of 3.09. The stock has a market cap of $369.25, a PE ratio of 26.23 and a beta of 0.43.

Landmark Infrastructure Partners (NASDAQ:LMRK) last issued its earnings results on Thursday, February 15th. The financial services provider reported $0.31 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $14.48 million for the quarter, compared to the consensus estimate of $15.55 million. research analysts predict that Landmark Infrastructure Partners will post 0.84 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Monday, February 5th were issued a $0.3675 dividend. This represents a $1.47 dividend on an annualized basis and a yield of 8.78%. The ex-dividend date of this dividend was Friday, February 2nd. This is a positive change from Landmark Infrastructure Partners’s previous quarterly dividend of $0.36. Landmark Infrastructure Partners’s payout ratio 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.

Analyst Recommendations for Landmark Infrastructure Partners (NASDAQ:LMRK)

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