Landmark Infrastructure Partners LP Unit (LMRK) Upgraded at BidaskClub

BidaskClub upgraded shares of Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) from a sell rating to a hold rating in a report issued on Tuesday.

Other equities analysts also recently issued reports about the stock. ValuEngine raised shares of Landmark Infrastructure Partners LP Unit from a strong sell rating to a sell rating in a report on Wednesday, September 12th. Zacks Investment Research cut shares of Landmark Infrastructure Partners LP Unit from a hold rating to a sell rating in a research report on Friday, August 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. Landmark Infrastructure Partners LP Unit presently has a consensus rating of Hold and a consensus target price of $19.10.

Shares of LMRK traded down $0.27 during mid-day trading on Tuesday, hitting $13.95. 68,087 shares of the company’s stock were exchanged, compared to its average volume of 57,488. Landmark Infrastructure Partners LP Unit has a twelve month low of $12.68 and a twelve month high of $18.75. The firm has a market cap of $348.06 million, a price-to-earnings ratio of 21.46, a price-to-earnings-growth ratio of 4.44 and a beta of 0.34. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 3.27.

Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) last posted its quarterly earnings data on Wednesday, August 1st. The financial services provider reported $0.12 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.12. The business had revenue of $16.80 million during the quarter, compared to the consensus estimate of $16.90 million. Landmark Infrastructure Partners LP Unit had a net margin of 39.65% and a return on equity of 15.73%. As a group, research analysts predict that Landmark Infrastructure Partners LP Unit will post 0.62 earnings per share for the current fiscal year.

In other Landmark Infrastructure Partners LP Unit news, insider Arthur P. Brazy, Jr. purchased 8,100 shares of the stock in a transaction dated Friday, September 28th. The stock was bought at an average price of $13.79 per share, for a total transaction of $111,699.00. Following the transaction, the insider now directly owns 138,952 shares in the company, valued at $1,916,148.08. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Matthew P. Carbone purchased 14,000 shares of the stock in a transaction dated Thursday, October 4th. The shares were acquired at an average price of $14.10 per share, with a total value of $197,400.00. Following the transaction, the insider now owns 14,000 shares in the company, valued at $197,400. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 23,848 shares of company stock valued at $332,872. 0.65% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in LMRK. Green Square Capital LLC raised its holdings in shares of Landmark Infrastructure Partners LP Unit by 4.1% in the second quarter. Green Square Capital LLC now owns 1,330,647 shares of the financial services provider’s stock valued at $18,429,000 after purchasing an additional 52,098 shares during the last quarter. Bank of America Corp DE increased its holdings in Landmark Infrastructure Partners LP Unit by 579.3% during the second quarter. Bank of America Corp DE now owns 12,866 shares of the financial services provider’s stock worth $178,000 after buying an additional 10,972 shares during the last quarter. Raymond James & Associates increased its holdings in Landmark Infrastructure Partners LP Unit by 3.4% during the second quarter. Raymond James & Associates now owns 344,239 shares of the financial services provider’s stock worth $4,768,000 after buying an additional 11,237 shares during the last quarter. Brown Advisory Inc. increased its holdings in Landmark Infrastructure Partners LP Unit by 4.9% during the second quarter. Brown Advisory Inc. now owns 519,629 shares of the financial services provider’s stock worth $7,198,000 after buying an additional 24,394 shares during the last quarter. Finally, Sapphire Star Partners LP increased its holdings in Landmark Infrastructure Partners LP Unit by 37.5% during the second quarter. Sapphire Star Partners LP now owns 41,977 shares of the financial services provider’s stock worth $581,000 after buying an additional 11,438 shares during the last quarter. 19.42% of the stock is currently owned by institutional investors and hedge funds.

About Landmark Infrastructure Partners LP Unit

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.

Recommended Story: What does earnings per share mean?

Receive News & Ratings for Landmark Infrastructure Partners LP Unit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Landmark Infrastructure Partners LP Unit and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply