Landmark Infrastructure Partners LP (NASDAQ:LMRK) Declares Dividend Increase - $0.36 Per Share

Landmark Infrastructure Partners LP (NASDAQ:LMRK) announced a quarterly dividend on Thursday, July 20th, Wall Street Journal reports. Investors of record on Tuesday, August 1st will be paid a dividend of 0.355 per share by the financial services provider on Monday, August 14th. This represents a $1.42 dividend on an annualized basis and a yield of 8.09%. The ex-dividend date of this dividend is Friday, July 28th. This is a boost from Landmark Infrastructure Partners’s previous quarterly dividend of $0.35.

Shares of Landmark Infrastructure Partners (NASDAQ LMRK) traded up 2.33% during midday trading on Thursday, reaching $17.55. The company had a trading volume of 63,861 shares. Landmark Infrastructure Partners has a one year low of $12.55 and a one year high of $18.44. The firm has a market capitalization of $400.53 million, a P/E ratio of 34.96 and a beta of 0.39. The company has a 50 day moving average price of $16.12 and a 200-day moving average price of $15.62.

Landmark Infrastructure Partners (NASDAQ:LMRK) last released its quarterly earnings results on Thursday, May 4th. The financial services provider reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.18 by $0.09. The firm had revenue of $12.20 million during the quarter, compared to the consensus estimate of $12.56 million. Landmark Infrastructure Partners had a return on equity of 9.42% and a net margin of 26.10%. On average, analysts anticipate that Landmark Infrastructure Partners will post $0.52 EPS for the current fiscal year.

In other Landmark Infrastructure Partners news, insider Arthur P. Brazy, Jr. purchased 7,000 shares of the business’s stock in a transaction on Tuesday, May 23rd. The stock was acquired at an average cost of $15.88 per share, for a total transaction of $111,160.00. Following the completion of the transaction, the insider now directly owns 76,981 shares in the company, valued at approximately $1,222,458.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider George P. Doyle purchased 4,000 shares of the business’s stock in a transaction on Monday, May 22nd. The shares were acquired at an average price of $15.95 per share, with a total value of $63,800.00. Following the completion of the transaction, the insider now owns 9,202 shares of the company’s stock, valued at $146,771.90. The disclosure for this purchase can be found here. Corporate insiders own 0.65% of the company’s stock.

Several research firms have issued reports on LMRK. Zacks Investment Research upgraded shares of Landmark Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Royal Bank Of Canada restated a “buy” rating and set a $17.00 price target on shares of Landmark Infrastructure Partners in a research report on Thursday, May 25th. Finally, FBR & Co set a $18.00 price target on shares of Landmark Infrastructure Partners and gave the company a “buy” rating in a research report on Saturday, May 6th.

Landmark Infrastructure Partners Company Profile

Landmark Infrastructure Partners LP is a master limited partnership formed to acquire, own and manage a portfolio of real property interests that it leases to companies in the wireless communication, outdoor advertising and renewable power generation industries. The Company operates through three segments.