Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) from a buy rating to a hold rating in a research report sent to investors on Friday, Zacks.com reports.

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 firms have also commented on LMRK. BidaskClub upgraded shares of Landmark Infrastructure Partners LP Unit from a hold rating to a buy rating in a research report on Tuesday, September 24th. ValuEngine lowered shares of Landmark Infrastructure Partners LP Unit from a buy rating to a hold rating in a research report on Thursday, October 3rd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $18.50.

LMRK stock traded down $0.07 during trading on Friday, hitting $17.73. 59,442 shares of the company’s stock traded hands, compared to its average volume of 106,146. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 1.69. Landmark Infrastructure Partners LP Unit has a 52 week low of $10.32 and a 52 week high of $18.25. The stock has a fifty day moving average price of $16.67 and a two-hundred day moving average price of $16.27. The stock has a market capitalization of $450.67 million, a price-to-earnings ratio of 31.11, a price-to-earnings-growth ratio of 7.10 and a beta of 0.95.

Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) last released its earnings results on Wednesday, August 7th. The financial services provider reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.02. The firm had revenue of $15.03 million during the quarter, compared to analyst estimates of $15.02 million. Landmark Infrastructure Partners LP Unit had a net margin of 193.25% and a return on equity of 8.75%. As a group, equities research analysts expect that Landmark Infrastructure Partners LP Unit will post 0.5 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in LMRK. Truvestments Capital LLC grew its position in shares of Landmark Infrastructure Partners LP Unit by 738.0% during the second quarter. Truvestments Capital LLC now owns 2,271 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 2,000 shares during the last quarter. Coastal Investment Advisors Inc. bought a new position in Landmark Infrastructure Partners LP Unit in the 2nd quarter valued at about $51,000. Advisor Group Inc. grew its position in Landmark Infrastructure Partners LP Unit by 24.9% in the 2nd quarter. Advisor Group Inc. now owns 6,194 shares of the financial services provider’s stock valued at $105,000 after buying an additional 1,234 shares in the last quarter. Wiley BROS. Aintree Capital LLC bought a new position in Landmark Infrastructure Partners LP Unit in the 3rd quarter valued at about $139,000. Finally, Evercore Wealth Management LLC bought a new position in Landmark Infrastructure Partners LP Unit in the 2nd quarter valued at about $192,000. Institutional investors and hedge funds own 15.28% of the company’s stock.

Landmark Infrastructure Partners LP Unit Company Profile

Landmark Infrastructure Partners LP engages in the acquisition, ownership, and management of portfolio of real property interests. It operates through the following business segments: Wireless Communication, Outdoor Advertising, and Renewable Power Generation. The Wireless Communication segment involves the leasing real property interests to companies in the wireless communication industry.

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