Landmark Infrastructure (NASDAQ:LMRK) was downgraded by equities researchers at TheStreet from a “b” rating to a “c+” rating in a report issued on Wednesday.
Several other equities analysts have also recently commented on LMRK. ValuEngine cut Landmark Infrastructure from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Zacks Investment Research cut Landmark Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 25th. BidaskClub upgraded Landmark Infrastructure from a “sell” rating to a “hold” rating in a research note on Friday, March 16th. Robert W. Baird set a $19.00 target price on Landmark Infrastructure and gave the company a “buy” rating in a research note on Thursday, February 15th. Finally, Wells Fargo began coverage on Landmark Infrastructure in a research note on Monday, February 26th. They set a “market perform” rating and a $18.50 target price for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. Landmark Infrastructure currently has an average rating of “Hold” and a consensus price target of $19.10.
Shares of Landmark Infrastructure stock traded up $14.25 on Wednesday, hitting $14.25. 44,200 shares of the company’s stock traded hands, compared to its average volume of 53,857. The stock has a market cap of $358.83 million, a P/E ratio of 21.92, a price-to-earnings-growth ratio of 4.06 and a beta of 0.44. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 3.18. Landmark Infrastructure has a 52-week low of $14.45 and a 52-week high of $14.65.
Landmark Infrastructure (NASDAQ:LMRK) last released its earnings results on Wednesday, May 2nd. The financial services provider reported $0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.02. The company had revenue of $15.70 million during the quarter, compared to analysts’ expectations of $16.49 million. Landmark Infrastructure had a return on equity of 13.43% and a net margin of 33.54%. equities analysts predict that Landmark Infrastructure will post 0.71 earnings per share for the current fiscal year.
In other news, insider Arthur P. Brazy, Jr. acquired 7,400 shares of Landmark Infrastructure stock in a transaction that occurred on Friday, May 4th. The shares were purchased at an average cost of $14.50 per share, for a total transaction of $107,300.00. Following the completion of the purchase, the insider now directly owns 108,198 shares of the company’s stock, valued at approximately $1,568,871. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Arthur P. Brazy, Jr. acquired 6,356 shares of Landmark Infrastructure stock in a transaction that occurred on Monday, May 7th. The shares were purchased at an average price of $14.45 per share, for a total transaction of $91,844.20. Following the completion of the purchase, the insider now directly owns 114,554 shares of the company’s stock, valued at $1,655,305.30. The disclosure for this purchase can be found here. Company insiders own 0.65% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Wells Fargo & Company MN lifted its stake in Landmark Infrastructure by 127.1% during the third quarter. Wells Fargo & Company MN now owns 7,951 shares of the financial services provider’s stock worth $134,000 after purchasing an additional 4,450 shares during the last quarter. BW Gestao de Investimentos Ltda. bought a new position in Landmark Infrastructure during the first quarter worth $181,000. California Public Employees Retirement System bought a new position in Landmark Infrastructure during the fourth quarter worth $377,000. Lee Financial Co bought a new position in Landmark Infrastructure during the first quarter worth $415,000. Finally, Raymond James Trust N.A. lifted its stake in Landmark Infrastructure by 21.0% during the fourth quarter. Raymond James Trust N.A. now owns 27,754 shares of the financial services provider’s stock worth $502,000 after purchasing an additional 4,815 shares during the last quarter. Hedge funds and other institutional investors own 25.84% of the company’s stock.
Landmark Infrastructure Company Profile
Landmark Infrastructure Partners LP acquires, owns, and manages a portfolio of real property interests and infrastructure assets in the United States. The company leases its real property interests and infrastructure assets to companies operating in the wireless communication, outdoor advertising, and renewable power generation industries.
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