Landmark Infrastructure Partners LP (NASDAQ:LMRK) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
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. “
LMRK has been the subject of several other reports. Royal Bank Of Canada restated a “buy” rating and issued a $19.00 price objective on shares of Landmark Infrastructure Partners in a report on Wednesday, August 9th. BidaskClub lowered shares of Landmark Infrastructure Partners from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $18.50.
Shares of Landmark Infrastructure Partners (NASDAQ LMRK) opened at 17.50 on Wednesday. The firm has a 50-day moving average of $16.80 and a 200-day moving average of $16.24. The firm has a market capitalization of $400.47 million, a PE ratio of 33.52 and a beta of 0.43. Landmark Infrastructure Partners has a 12-month low of $12.55 and a 12-month high of $18.15.
Landmark Infrastructure Partners (NASDAQ:LMRK) last posted its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.12 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.02). Landmark Infrastructure Partners had a net margin of 26.38% and a return on equity of 9.69%. The firm had revenue of $12.80 million for the quarter, compared to the consensus estimate of $13.63 million. Equities analysts anticipate that Landmark Infrastructure Partners will post $0.34 earnings per share for the current year.
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Hedge funds and other institutional investors have recently modified their holdings of the business. US Bancorp DE bought a new position in Landmark Infrastructure Partners in the 2nd quarter worth $160,000. Goldman Sachs Group Inc. bought a new position in Landmark Infrastructure Partners in the 1st quarter worth $165,000. Kayne Anderson Capital Advisors LP bought a new position in Landmark Infrastructure Partners in the 2nd quarter worth $200,000. Royal Bank of Canada raised its holdings in Landmark Infrastructure Partners by 16.4% in the 2nd quarter. Royal Bank of Canada now owns 13,400 shares of the financial services provider’s stock worth $214,000 after purchasing an additional 1,885 shares in the last quarter. Finally, A. D. Beadell Investment Counsel Inc. raised its holdings in Landmark Infrastructure Partners by 27.5% in the 2nd quarter. A. D. Beadell Investment Counsel Inc. now owns 13,900 shares of the financial services provider’s stock worth $222,000 after purchasing an additional 3,000 shares in the last quarter. Institutional investors and hedge funds own 20.60% of the company’s stock.
About Landmark Infrastructure Partners
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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