BidaskClub Downgrades Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) to Hold

BidaskClub downgraded shares of Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) from a buy rating to a hold rating in a report released on Monday, February 4th.

Several other research analysts also recently issued reports on the company. Zacks Investment Research raised Landmark Infrastructure Partners LP Unit from a sell rating to a hold rating in a report on Wednesday, December 26th. Royal Bank of Canada set a $17.00 price target on Landmark Infrastructure Partners LP Unit and gave the company a buy rating in a research note on Monday, November 26th. ValuEngine raised Landmark Infrastructure Partners LP Unit from a sell rating to a hold rating in a research note on Friday, November 23rd. Finally, B. Riley reaffirmed a buy rating on shares of Landmark Infrastructure Partners LP Unit in a research note on Thursday, November 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $18.00.

NASDAQ LMRK opened at $14.09 on Monday. The company has a market cap of $357.04 million, a P/E ratio of 24.72, a price-to-earnings-growth ratio of 3.90 and a beta of 0.85. Landmark Infrastructure Partners LP Unit has a one year low of $10.32 and a one year high of $17.34. The company has a debt-to-equity ratio of 1.57, a quick ratio of 2.34 and a current ratio of 1.62.

Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) last released its quarterly earnings results on Wednesday, February 20th. The financial services provider reported ($0.21) EPS for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.33). The business had revenue of $14.71 million for the quarter, compared to the consensus estimate of $16.60 million. Landmark Infrastructure Partners LP Unit had a return on equity of 10.01% and a net margin of 178.49%. Analysts forecast that Landmark Infrastructure Partners LP Unit will post 0.54 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 14th. Stockholders of record on Monday, February 4th were issued a $0.3675 dividend. This is a boost from Landmark Infrastructure Partners LP Unit’s previous quarterly dividend of $0.34. The ex-dividend date was Friday, February 1st. This represents a $1.47 annualized dividend and a dividend yield of 10.43%. Landmark Infrastructure Partners LP Unit’s dividend payout ratio (DPR) is presently 257.89%.

In related news, Director Landmark Dividend Llc acquired 32,075 shares of the firm’s stock in a transaction dated Thursday, December 6th. The stock was bought at an average price of $13.79 per share, for a total transaction of $442,314.25. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Gerald A. Tywoniuk sold 1,913 shares of Landmark Infrastructure Partners LP Unit stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $14.50, for a total transaction of $27,738.50. Following the completion of the sale, the director now owns 3,271 shares of the company’s stock, valued at $47,429.50. The disclosure for this sale can be found here. Insiders bought a total of 97,553 shares of company stock valued at $1,322,067 in the last 90 days. 0.65% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisor Group Inc. raised its position in shares of Landmark Infrastructure Partners LP Unit by 266.7% in the fourth quarter. Advisor Group Inc. now owns 3,300 shares of the financial services provider’s stock valued at $38,000 after buying an additional 2,400 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Landmark Infrastructure Partners LP Unit by 6.5% in the fourth quarter. Geode Capital Management LLC now owns 12,857 shares of the financial services provider’s stock valued at $147,000 after buying an additional 780 shares in the last quarter. Bank of America Corp DE raised its position in shares of Landmark Infrastructure Partners LP Unit by 579.3% in the second quarter. Bank of America Corp DE now owns 12,866 shares of the financial services provider’s stock valued at $178,000 after buying an additional 10,972 shares in the last quarter. Stifel Financial Corp acquired a new stake in shares of Landmark Infrastructure Partners LP Unit in the fourth quarter valued at approximately $150,000. Finally, Howard Financial Services LTD. bought a new position in Landmark Infrastructure Partners LP Unit in the fourth quarter valued at approximately $158,000. Institutional investors own 17.55% of the company’s stock.

Landmark Infrastructure Partners LP Unit Company Profile

Landmark Infrastructure Partners LP acquires, owns, and manages a portfolio of real property interests and infrastructure assets in the United States. The company leases its real property interests and infrastructure assets to companies operating in the wireless communication, outdoor advertising, and renewable power generation industries.

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