Landmark Infrastructure Partners LP Unit (LMRK) Lifted to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) from a sell rating to a hold rating in a report issued on Saturday morning.

According to Zacks, “Landmark Infrastructure Partners LP is a master limited partnership company which focuses on acquiring, owning and managing a portfolio of real property interests. The company lease its properties to wireless communication, outdoor advertising and renewable power generation industries. Landmark Infrastructure Partners LP is based in El Segundo, California. “

Several other research firms also recently issued reports on LMRK. ValuEngine raised Landmark Infrastructure Partners LP Unit from a sell rating to a hold rating in a research note on Thursday, October 11th. BidaskClub downgraded Landmark Infrastructure Partners LP Unit from a sell rating to a strong sell rating in a research note on Thursday, August 9th. Finally, B. Riley reaffirmed a buy rating on shares of Landmark Infrastructure Partners LP Unit in a research note on Thursday, November 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $19.13.

NASDAQ:LMRK opened at $13.07 on Friday. The firm has a market cap of $322.14 million, a PE ratio of 20.15, a PEG ratio of 4.55 and a beta of 0.27. The company has a debt-to-equity ratio of 1.44, a current ratio of 2.34 and a quick ratio of 2.34. Landmark Infrastructure Partners LP Unit has a 52-week low of $12.43 and a 52-week high of $18.75.

Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) last released its quarterly earnings results on Wednesday, November 7th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.01. The business had revenue of $17.56 million during the quarter, compared to the consensus estimate of $18.40 million. Landmark Infrastructure Partners LP Unit had a return on equity of 15.05% and a net margin of 196.88%. On average, analysts expect that Landmark Infrastructure Partners LP Unit will post 0.56 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 14th. Stockholders of record on Monday, November 5th were paid a dividend of $0.3675 per share. This represents a $1.47 annualized dividend and a dividend yield of 11.25%. The ex-dividend date was Friday, November 2nd. This is an increase from Landmark Infrastructure Partners LP Unit’s previous quarterly dividend of $0.34. Landmark Infrastructure Partners LP Unit’s payout ratio is 226.15%.

In other news, insider Arthur P. Brazy, Jr. bought 8,100 shares of the business’s stock in a transaction that occurred on Friday, September 28th. The stock was purchased at an average price of $13.79 per share, with a total value of $111,699.00. Following the purchase, the insider now owns 138,952 shares of the company’s stock, valued at approximately $1,916,148.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Arthur P. Brazy, Jr. bought 19,000 shares of the business’s stock in a transaction that occurred on Friday, November 9th. The stock was purchased at an average cost of $12.59 per share, with a total value of $239,210.00. Following the purchase, the insider now directly owns 157,952 shares in the company, valued at approximately $1,988,615.68. The disclosure for this purchase can be found here. Insiders have bought a total of 42,848 shares of company stock valued at $572,082 in the last ninety days. Corporate insiders own 0.65% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Pwmco LLC acquired a new position in Landmark Infrastructure Partners LP Unit in the 3rd quarter valued at about $283,000. Brown Advisory Inc. raised its stake in Landmark Infrastructure Partners LP Unit by 4.9% in the 2nd quarter. Brown Advisory Inc. now owns 519,629 shares of the financial services provider’s stock valued at $7,198,000 after purchasing an additional 24,394 shares during the last quarter. Raymond James & Associates raised its stake in Landmark Infrastructure Partners LP Unit by 3.4% in the 2nd quarter. Raymond James & Associates now owns 344,239 shares of the financial services provider’s stock valued at $4,768,000 after purchasing an additional 11,237 shares during the last quarter. Sapphire Star Partners LP raised its stake in Landmark Infrastructure Partners LP Unit by 17.1% in the 3rd quarter. Sapphire Star Partners LP now owns 49,159 shares of the financial services provider’s stock valued at $681,000 after purchasing an additional 7,182 shares during the last quarter. Finally, Penbrook Management LLC raised its stake in Landmark Infrastructure Partners LP Unit by 14.5% in the 2nd quarter. Penbrook Management LLC now owns 35,630 shares of the financial services provider’s stock valued at $493,000 after purchasing an additional 4,500 shares during the last quarter. 18.80% of the stock is owned by hedge funds and other institutional investors.

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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