Landmark Infrastructure Partners LP Unit (LMRK) Downgraded to Hold at BidaskClub

BidaskClub cut shares of Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) from a buy rating to a hold rating in a report published on Tuesday morning.

LMRK has been the subject of several other reports. Zacks Investment Research cut shares of Landmark Infrastructure Partners LP Unit from a hold rating to a sell rating in a research note on Friday, November 9th. ValuEngine cut shares of Landmark Infrastructure Partners LP Unit from a hold rating to a sell rating in a research note on Wednesday, November 7th. B. Riley reissued a buy rating on shares of Landmark Infrastructure Partners LP Unit in a research note on Thursday, November 8th. Finally, Royal Bank of Canada set a $17.00 target price on shares of Landmark Infrastructure Partners LP Unit and gave the company a buy rating in a research note on Monday, November 26th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $18.70.

Shares of LMRK opened at $13.52 on Tuesday. The company has a market cap of $344.63 million, a PE ratio of 20.80, a price-to-earnings-growth ratio of 4.79 and a beta of 0.26. Landmark Infrastructure Partners LP Unit has a twelve month low of $12.43 and a twelve month high of $18.75. The company has a debt-to-equity ratio of 1.44, a current ratio of 2.34 and a quick ratio of 2.34.

Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) last issued its quarterly earnings results on Wednesday, November 7th. The financial services provider reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.01. The company had revenue of $17.56 million during the quarter, compared to analysts’ expectations of $18.40 million. Landmark Infrastructure Partners LP Unit had a net margin of 196.88% and a return on equity of 15.05%. As a group, sell-side analysts expect that Landmark Infrastructure Partners LP Unit will post 0.57 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 14th. Investors of record on Monday, November 5th were paid a $0.3675 dividend. The ex-dividend date was Friday, November 2nd. This is a boost from Landmark Infrastructure Partners LP Unit’s previous quarterly dividend of $0.34. This represents a $1.47 annualized dividend and a dividend yield of 10.87%. Landmark Infrastructure Partners LP Unit’s dividend payout ratio (DPR) is currently 226.15%.

In other Landmark Infrastructure Partners LP Unit news, insider Matthew P. Carbone purchased 14,000 shares of the business’s stock in a transaction on Thursday, October 4th. The stock was acquired at an average price of $14.10 per share, with a total value of $197,400.00. Following the acquisition, the insider now directly owns 14,000 shares of the company’s stock, valued at approximately $197,400. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Arthur P. Brazy, Jr. purchased 8,100 shares of the business’s stock in a transaction on Friday, September 28th. The shares were acquired at an average cost of $13.79 per share, with a total value of $111,699.00. Following the acquisition, the insider now directly owns 138,952 shares in the company, valued at $1,916,148.08. The disclosure for this purchase can be found here. Insiders purchased 252,481 shares of company stock valued at $3,400,726 over the last three months. 0.65% of the stock is owned by company insiders.

A number of institutional investors have recently made changes to their positions in the business. Green Square Capital LLC lifted its holdings in Landmark Infrastructure Partners LP Unit by 4.1% during the 2nd 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. Brown Advisory Inc. lifted its holdings in Landmark Infrastructure Partners LP Unit by 4.9% during the 2nd quarter. Brown Advisory Inc. now owns 519,629 shares of the financial services provider’s stock valued at $7,198,000 after purchasing an additional 24,394 shares during the last quarter. Raymond James & Associates lifted its holdings in Landmark Infrastructure Partners LP Unit by 3.4% during the 2nd quarter. Raymond James & Associates now owns 344,239 shares of the financial services provider’s stock valued at $4,768,000 after purchasing an additional 11,237 shares during the last quarter. Sapphire Star Partners LP lifted its holdings in Landmark Infrastructure Partners LP Unit by 17.1% during the 3rd quarter. Sapphire Star Partners LP now owns 49,159 shares of the financial services provider’s stock valued at $681,000 after purchasing an additional 7,182 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in Landmark Infrastructure Partners LP Unit during the 3rd quarter valued at $474,000. 19.10% of the stock is 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.

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