Landmark Infrastructure (LMRK) Cut to C+ at TheStreet

Landmark Infrastructure (NASDAQ:LMRK) was downgraded by analysts at TheStreet from a “b” rating to a “c+” rating in a report released on Wednesday.

Several other equities research analysts have also recently commented on LMRK. BidaskClub cut Landmark Infrastructure from a “hold” rating to a “sell” rating in a report on Friday, January 26th. Robert W. Baird set a $19.00 target price on Landmark Infrastructure and gave the stock a “buy” rating in a report on Thursday, February 15th. Zacks Investment Research cut Landmark Infrastructure from a “hold” rating to a “sell” rating in a report on Tuesday, February 20th. B. Riley set a $20.00 target price on Landmark Infrastructure and gave the stock a “buy” rating in a report on Tuesday, February 20th. Finally, Wells Fargo started coverage on Landmark Infrastructure in a report on Monday, February 26th. They set a “market perform” rating and a $18.50 target price on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $19.10.

Shares of NASDAQ:LMRK opened at $14.25 on Wednesday. Landmark Infrastructure has a 12 month low of $14.45 and a 12 month high of $14.65. The company has a market cap of $358.83 million, a P/E ratio of 21.92, a PEG ratio of 4.06 and a beta of 0.44. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 3.18.

Landmark Infrastructure (NASDAQ:LMRK) last announced its earnings results on Wednesday, May 2nd. The financial services provider reported $0.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.02. Landmark Infrastructure had a return on equity of 13.43% and a net margin of 33.54%. The firm had revenue of $15.70 million for the quarter, compared to analysts’ expectations of $16.49 million. analysts anticipate that Landmark Infrastructure will post 0.71 earnings per share for the current fiscal year.

In related news, insider Arthur P. Brazy, Jr. purchased 7,400 shares of the company’s stock in a transaction on Friday, May 4th. The shares were bought at an average price of $14.50 per share, with a total value of $107,300.00. Following the completion of the acquisition, the insider now owns 108,198 shares of the company’s stock, valued at $1,568,871. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Arthur P. Brazy, Jr. purchased 6,356 shares of the company’s stock in a transaction on Monday, May 7th. The stock was bought at an average cost of $14.45 per share, for a total transaction of $91,844.20. Following the acquisition, the insider now directly owns 114,554 shares of the company’s stock, valued at approximately $1,655,305.30. The disclosure for this purchase can be found here. 0.65% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Florence Capital Advisors LLC increased its holdings in shares of Landmark Infrastructure by 1.4% in the fourth quarter. Florence Capital Advisors LLC now owns 1,755,965 shares of the financial services provider’s stock valued at $31,783,000 after buying an additional 24,382 shares in the last quarter. Green Square Capital LLC increased its holdings in shares of Landmark Infrastructure by 1.9% in the first quarter. Green Square Capital LLC now owns 1,278,549 shares of the financial services provider’s stock valued at $21,288,000 after buying an additional 23,477 shares in the last quarter. Brown Advisory Inc. bought a new position in shares of Landmark Infrastructure in the fourth quarter valued at $4,847,000. Orinda Asset Management LLC increased its holdings in shares of Landmark Infrastructure by 65.3% in the fourth quarter. Orinda Asset Management LLC now owns 194,729 shares of the financial services provider’s stock valued at $3,525,000 after buying an additional 76,929 shares in the last quarter. Finally, Oxbow Advisors LLC increased its holdings in shares of Landmark Infrastructure by 280.1% in the fourth quarter. Oxbow Advisors LLC now owns 109,100 shares of the financial services provider’s stock valued at $1,975,000 after buying an additional 80,400 shares in the last quarter. 25.84% of the stock is currently owned by institutional investors.

Landmark Infrastructure 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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