Royal Bank of Canada Boosts Landmark Infrastructure Partners (NASDAQ:LMRK) Price Target to $16.00

Landmark Infrastructure Partners (NASDAQ:LMRK) had its price target increased by Royal Bank of Canada from $14.00 to $16.00 in a report issued on Monday, Analyst Price Targets reports. The brokerage currently has a sector perform rating on the financial services provider’s stock.

Several other equities research analysts also recently commented on LMRK. Raymond James downgraded Landmark Infrastructure Partners from a market perform rating to an underperform rating in a report on Wednesday, September 1st. TheStreet raised Landmark Infrastructure Partners from a c+ rating to a b- rating in a report on Friday, October 1st. Zacks Investment Research raised Landmark Infrastructure Partners from a sell rating to a hold rating in a report on Wednesday, October 6th. Finally, B. Riley upped their price target on Landmark Infrastructure Partners from $13.50 to $16.50 and gave the company a neutral rating in a report on Tuesday, August 24th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of Hold and a consensus target price of $14.70.

Shares of LMRK stock opened at $16.43 on Monday. The stock has a market cap of $418.78 million, a price-to-earnings ratio of 39.12 and a beta of 1.03. The business’s fifty day moving average is $15.91 and its 200 day moving average is $13.84. Landmark Infrastructure Partners has a twelve month low of $9.92 and a twelve month high of $18.30. The company has a quick ratio of 3.58, a current ratio of 3.58 and a debt-to-equity ratio of 2.32.

Landmark Infrastructure Partners (NASDAQ:LMRK) last issued its quarterly earnings results on Wednesday, August 4th. The financial services provider reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.01). Landmark Infrastructure Partners had a return on equity of 10.77% and a net margin of 35.17%. The firm had revenue of $17.57 million during the quarter, compared to analysts’ expectations of $17.54 million. Equities research analysts expect that Landmark Infrastructure Partners will post 0.43 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, August 13th. Investors of record on Monday, August 2nd were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date of this dividend was Friday, July 30th. Landmark Infrastructure Partners’s payout ratio is presently 235.29%.

Institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. bought a new position in Landmark Infrastructure Partners during the second quarter valued at approximately $64,000. Atlantic Trust LLC bought a new stake in shares of Landmark Infrastructure Partners in the 2nd quarter valued at approximately $65,000. Avidian Wealth Solutions LLC lifted its stake in shares of Landmark Infrastructure Partners by 57.0% in the 2nd quarter. Avidian Wealth Solutions LLC now owns 18,456 shares of the financial services provider’s stock valued at $235,000 after purchasing an additional 6,703 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of Landmark Infrastructure Partners by 71.7% in the 2nd quarter. Stifel Financial Corp now owns 23,700 shares of the financial services provider’s stock valued at $302,000 after purchasing an additional 9,900 shares during the last quarter. Finally, LPL Financial LLC lifted its stake in shares of Landmark Infrastructure Partners by 5.0% in the 2nd quarter. LPL Financial LLC now owns 25,703 shares of the financial services provider’s stock valued at $328,000 after purchasing an additional 1,235 shares during the last quarter. 13.48% of the stock is owned by institutional investors.

Landmark Infrastructure Partners Company Profile

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

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