Landmark Infrastructure Partners LP Unit (LMRK) Lifted to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) from a sell rating to a hold rating in a research note released on Thursday morning.

According to Zacks, “Landmark Infrastructure Partners LP is a master limited partnership company which focuses on acquiring, owning and managing a portfolio of real property interests. The company lease its properties to wireless communication, outdoor advertising and renewable power generation industries. Landmark Infrastructure Partners LP is based in El Segundo, California. “

Several other research analysts have also recently weighed in on the stock. ValuEngine raised shares of Landmark Infrastructure Partners LP Unit from a strong sell rating to a sell rating in a research report on Wednesday, September 12th. BidaskClub cut shares of Landmark Infrastructure Partners LP Unit from a sell rating to a strong sell rating in a research report on Thursday, August 9th. B. Riley restated a buy rating on shares of Landmark Infrastructure Partners LP Unit in a report on Thursday, November 8th. Finally, Royal Bank of Canada set a $17.00 price objective on shares of Landmark Infrastructure Partners LP Unit and gave the company a buy rating in a report on Monday, November 26th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $18.70.

Shares of LMRK stock opened at $13.52 on Thursday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 2.34 and a current ratio of 2.34. The stock has a market cap of $341.60 million, a PE ratio of 20.80, a PEG ratio of 4.74 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.

Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) last announced its quarterly earnings results on Wednesday, November 7th. The financial services provider reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.01. The firm had revenue of $17.56 million for 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, analysts forecast that Landmark Infrastructure Partners LP Unit will post 0.57 earnings per share for the current year.

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

In related news, insider Matthew P. Carbone acquired 14,000 shares of Landmark Infrastructure Partners LP Unit stock in a transaction that occurred on Thursday, October 4th. The shares were purchased at an average cost of $14.10 per share, for a total transaction of $197,400.00. Following the acquisition, the insider now owns 14,000 shares in the company, valued at $197,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Arthur P. Brazy, Jr. acquired 8,100 shares of Landmark Infrastructure Partners LP Unit stock in a transaction that occurred on 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 completion of the acquisition, the insider now owns 138,952 shares in the company, valued at approximately $1,916,148.08. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 252,481 shares of company stock worth $3,400,726. 0.65% of the stock is owned by insiders.

A number of large investors have recently modified their holdings of LMRK. Green Square Capital LLC increased its stake in Landmark Infrastructure Partners LP Unit by 4.1% during the second quarter. Green Square Capital LLC now owns 1,330,647 shares of the financial services provider’s stock worth $18,429,000 after purchasing an additional 52,098 shares during the period. Marshall Wace LLP purchased a new stake in Landmark Infrastructure Partners LP Unit during the third quarter worth about $474,000. Renaissance Technologies LLC purchased a new stake in Landmark Infrastructure Partners LP Unit during the third quarter worth about $367,000. Brown Advisory Inc. increased its stake 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 purchasing an additional 24,394 shares during the period. Finally, Pwmco LLC purchased a new stake in Landmark Infrastructure Partners LP Unit during the third quarter worth about $283,000. Institutional investors own 19.10% of the company’s stock.

Landmark Infrastructure Partners LP Unit 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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