Landmark Infrastructure Partners (LMRK) Lifted to “Hold” at BidaskClub

BidaskClub upgraded shares of Landmark Infrastructure Partners (NASDAQ:LMRK) from a sell rating to a hold rating in a research note issued to investors on Thursday.

Several other equities research analysts have also recently issued reports on LMRK. Zacks Investment Research raised Landmark Infrastructure Partners from a sell rating to a hold rating in a research note on Wednesday, October 11th. Royal Bank of Canada reaffirmed a buy rating and issued a $19.00 price objective on shares of Landmark Infrastructure Partners in a research note on Tuesday, November 7th. Finally, B. Riley reaffirmed a buy rating on shares of Landmark Infrastructure Partners in a research note on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. Landmark Infrastructure Partners has a consensus rating of Hold and a consensus target price of $18.50.

Landmark Infrastructure Partners (LMRK) traded up $0.35 during mid-day trading on Thursday, reaching $18.40. The company’s stock had a trading volume of 65,749 shares, compared to its average volume of 38,637. The company has a debt-to-equity ratio of 2.88, a quick ratio of 3.93 and a current ratio of 3.93. The firm has a market capitalization of $364.04, a PE ratio of 27.06 and a beta of 0.40. Landmark Infrastructure Partners has a one year low of $14.20 and a one year high of $18.50.

In other news, insider Arthur P. Brazy, Jr. acquired 6,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The stock was acquired at an average cost of $17.04 per share, with a total value of $102,240.00. Following the completion of the purchase, the insider now owns 80,181 shares of the company’s stock, valued at approximately $1,366,284.24. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.65% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. grew its stake in shares of Landmark Infrastructure Partners by 18.4% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 94,930 shares of the financial services provider’s stock valued at $1,609,000 after buying an additional 14,758 shares in the last quarter. Orinda Asset Management LLC grew its stake in shares of Landmark Infrastructure Partners by 38.9% in the third quarter. Orinda Asset Management LLC now owns 117,800 shares of the financial services provider’s stock valued at $1,997,000 after buying an additional 32,987 shares in the last quarter. Kayne Anderson Capital Advisors LP grew its stake in shares of Landmark Infrastructure Partners by 87.2% in the third quarter. Kayne Anderson Capital Advisors LP now owns 23,400 shares of the financial services provider’s stock valued at $396,000 after buying an additional 10,900 shares in the last quarter. Green Square Capital LLC grew its stake in shares of Landmark Infrastructure Partners by 1.5% in the second quarter. Green Square Capital LLC now owns 1,018,867 shares of the financial services provider’s stock valued at $16,302,000 after buying an additional 15,462 shares in the last quarter. Finally, Atlantic Trust LLC acquired a new stake in shares of Landmark Infrastructure Partners in the third quarter valued at $1,261,000. 28.61% of the stock is owned by institutional investors and hedge funds.

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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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