BidaskClub cut shares of Landmark Infrastructure Partners (NASDAQ:LMRK) from a hold rating to a sell rating in a report published on Thursday.
LMRK has been the subject of a number of other reports. Zacks Investment Research downgraded Landmark Infrastructure Partners from a hold rating to a sell rating in a research report on Wednesday, November 8th. Wells Fargo & Co assumed coverage on Landmark Infrastructure Partners in a research report on Monday, February 26th. They set a market perform rating and a $18.50 target price for the company. B. Riley set a $20.00 target price on Landmark Infrastructure Partners and gave the company a buy rating in a research report on Tuesday, February 20th. Finally, Robert W. Baird set a $19.00 target price on Landmark Infrastructure Partners and gave the company a buy rating in a research report on Thursday, February 15th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $18.90.
Landmark Infrastructure Partners (NASDAQ:LMRK) traded up $0.45 on Thursday, reaching $16.90. The company had a trading volume of 110,364 shares, compared to its average volume of 33,416. The company has a market cap of $366.00, a P/E ratio of 31.89 and a beta of 0.43. Landmark Infrastructure Partners has a twelve month low of $14.20 and a twelve month high of $18.75. The company has a debt-to-equity ratio of 3.09, a current ratio of 6.44 and a quick ratio of 6.44.
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Monday, February 5th were given a dividend of $0.3675 per share. This represents a $1.47 dividend on an annualized basis and a dividend yield of 8.70%. This is an increase from Landmark Infrastructure Partners’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Friday, February 2nd. Landmark Infrastructure Partners’s dividend payout ratio is presently 277.36%.
Several large investors have recently added to or reduced their stakes in LMRK. Wells Fargo & Company MN lifted its position in shares of Landmark Infrastructure Partners by 127.1% during the 3rd quarter. Wells Fargo & Company MN now owns 7,951 shares of the financial services provider’s stock valued at $134,000 after acquiring an additional 4,450 shares during the period. Royal Bank of Canada lifted its position in shares of Landmark Infrastructure Partners by 16.4% during the 2nd quarter. Royal Bank of Canada now owns 13,400 shares of the financial services provider’s stock valued at $214,000 after acquiring an additional 1,885 shares during the period. California Public Employees Retirement System bought a new stake in shares of Landmark Infrastructure Partners during the 4th quarter valued at $377,000. Kayne Anderson Capital Advisors LP lifted its position in shares of Landmark Infrastructure Partners by 87.2% during the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 23,400 shares of the financial services provider’s stock valued at $396,000 after acquiring an additional 10,900 shares during the period. Finally, Janus Henderson Group PLC bought a new stake in shares of Landmark Infrastructure Partners during the 3rd quarter valued at $426,000. Hedge funds and other institutional investors own 29.64% of the company’s stock.
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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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