BidaskClub upgraded shares of Landmark Infrastructure Partners LP (NASDAQ:LMRK) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning.
LMRK has been the subject of several other research reports. Zacks Investment Research lowered shares of Landmark Infrastructure Partners from a hold rating to a sell rating in a research report on Wednesday, May 10th. FBR & Co set a $18.00 price target on shares of Landmark Infrastructure Partners and gave the stock a buy rating in a research report on Saturday, May 6th. Finally, Royal Bank Of Canada reissued a buy rating and issued a $17.00 price target on shares of Landmark Infrastructure Partners in a research report on Thursday, May 25th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $17.67.
Landmark Infrastructure Partners (LMRK) traded down 2.58% during trading on Tuesday, hitting $16.80. The stock had a trading volume of 96,840 shares. The company has a market cap of $383.41 million, a PE ratio of 33.47 and a beta of 0.39. The stock has a 50-day moving average price of $16.42 and a 200-day moving average price of $15.70. Landmark Infrastructure Partners has a 52 week low of $12.55 and a 52 week high of $18.44.
Landmark Infrastructure Partners (NASDAQ:LMRK) last posted its quarterly earnings results on Thursday, May 4th. The financial services provider reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.09. Landmark Infrastructure Partners had a return on equity of 9.42% and a net margin of 26.10%. The business had revenue of $12.20 million during the quarter, compared to analyst estimates of $12.56 million. Equities analysts predict that Landmark Infrastructure Partners will post $0.52 EPS for the current year.
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The firm also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Tuesday, August 1st will be given a $0.355 dividend. This represents a $1.42 annualized dividend and a yield of 8.45%. The ex-dividend date of this dividend is Friday, July 28th. This is a positive change from Landmark Infrastructure Partners’s previous quarterly dividend of $0.35. Landmark Infrastructure Partners’s dividend payout ratio is 300.01%.
In other news, insider George P. Doyle acquired 4,000 shares of the company’s stock in a transaction dated Monday, May 22nd. The stock was bought at an average price of $15.95 per share, with a total value of $63,800.00. Following the completion of the acquisition, the insider now owns 9,202 shares in the company, valued at approximately $146,771.90. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Arthur P. Brazy, Jr. acquired 7,000 shares of the company’s stock in a transaction dated Tuesday, May 23rd. The shares were purchased at an average cost of $15.88 per share, with a total value of $111,160.00. Following the acquisition, the insider now owns 76,981 shares of the company’s stock, valued at approximately $1,222,458.28. The disclosure for this purchase can be found here. Corporate insiders own 0.65% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. US Bancorp DE purchased a new stake in Landmark Infrastructure Partners during the second quarter valued at $160,000. Goldman Sachs Group Inc. purchased a new stake in Landmark Infrastructure Partners during the first quarter valued at $165,000. A. D. Beadell Investment Counsel Inc. raised its stake in Landmark Infrastructure Partners by 27.5% in the second quarter. A. D. Beadell Investment Counsel Inc. now owns 13,900 shares of the financial services provider’s stock valued at $222,000 after buying an additional 3,000 shares during the last quarter. Wedbush Securities Inc. raised its stake in Landmark Infrastructure Partners by 17.2% in the first quarter. Wedbush Securities Inc. now owns 16,500 shares of the financial services provider’s stock valued at $247,000 after buying an additional 2,418 shares during the last quarter. Finally, Raymond James Trust N.A. purchased a new stake in Landmark Infrastructure Partners during the first quarter valued at $253,000. 21.01% of the stock is owned by institutional investors.
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.
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