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.
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.
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