Wells Fargo & Company MN Increases Position in Landmark Infrastructure Partners LP (LMRK)

Wells Fargo & Company MN increased its holdings in Landmark Infrastructure Partners LP (NASDAQ:LMRK) by 127.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,951 shares of the financial services provider’s stock after purchasing an additional 4,450 shares during the period. Wells Fargo & Company MN’s holdings in Landmark Infrastructure Partners were worth $134,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Schroder Investment Management Group bought a new stake in Landmark Infrastructure Partners in the third quarter worth $788,000. Kayne Anderson Capital Advisors LP increased its position in 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 worth $396,000 after purchasing an additional 10,900 shares during the last quarter. Cedar Capital LLC bought a new stake in Landmark Infrastructure Partners in the third quarter worth $2,798,000. Raymond James Financial Services Advisors Inc. increased its position in 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 worth $1,609,000 after purchasing an additional 14,758 shares during the last quarter. Finally, A. D. Beadell Investment Counsel Inc. increased its position in Landmark Infrastructure Partners by 31.3% in the third quarter. A. D. Beadell Investment Counsel Inc. now owns 18,250 shares of the financial services provider’s stock worth $309,000 after purchasing an additional 4,350 shares during the last quarter. Institutional investors own 29.31% of the company’s stock.

Landmark Infrastructure Partners LP (LMRK) opened at $17.00 on Friday. 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 company has a market cap of $340.30, a price-to-earnings ratio of 30.36 and a beta of 0.37. Landmark Infrastructure Partners LP has a one year low of $14.20 and a one year high of $18.75.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 14th. Shareholders of record on Monday, February 5th will be paid a dividend of $0.3675 per share. This represents a $1.47 annualized dividend and a yield of 8.65%. This is a positive change from Landmark Infrastructure Partners’s previous quarterly dividend of $0.36. The ex-dividend date is Friday, February 2nd. Landmark Infrastructure Partners’s payout ratio is presently 262.50%.

LMRK has been the topic of several research reports. Royal Bank of Canada restated a “buy” rating and issued a $19.00 price target on shares of Landmark Infrastructure Partners in a research report on Tuesday, November 7th. BidaskClub upgraded shares of Landmark Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Thursday, December 14th. Zacks Investment Research cut shares of Landmark Infrastructure Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. Finally, B. Riley restated a “buy” rating on shares of Landmark Infrastructure Partners in a research report on Thursday, November 2nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Landmark Infrastructure Partners presently has an average rating of “Buy” and an average target price of $18.50.

In other news, insider Arthur P. Brazy, Jr. acquired 6,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was bought 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 directly owns 80,181 shares of the company’s stock, valued at $1,366,284.24. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.65% of the stock is owned by insiders.

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Landmark Infrastructure Partners 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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Institutional Ownership by Quarter for Landmark Infrastructure Partners (NASDAQ:LMRK)

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