Landmark Infrastructure Partners LP (NASDAQ:LMRK) Receives $15.17 Average PT from Analysts

Landmark Infrastructure Partners LP (NASDAQ:LMRK) has received a consensus rating of “Hold” from the six research firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating and four have issued a hold rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $15.17.

LMRK has been the topic of several analyst reports. B. Riley lifted their price target on shares of Landmark Infrastructure Partners from $13.50 to $16.50 and gave the company a “neutral” rating in a report on Tuesday, August 24th. Zacks Investment Research upgraded shares of Landmark Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, October 6th. Raymond James downgraded shares of Landmark Infrastructure Partners from a “market perform” rating to an “underperform” rating in a research report on Wednesday, September 1st. TheStreet upgraded shares of Landmark Infrastructure Partners from a “c+” rating to a “b-” rating in a research report on Friday, October 1st. Finally, Royal Bank of Canada raised their price objective on shares of Landmark Infrastructure Partners from $14.00 to $16.00 and gave the company a “sector perform” rating in a research report on Monday.

A number of hedge funds and other institutional investors have recently made changes to their positions in LMRK. Cpwm LLC increased its holdings in Landmark Infrastructure Partners by 17.9% in the 1st quarter. Cpwm LLC now owns 169,974 shares of the financial services provider’s stock valued at $2,011,000 after acquiring an additional 25,865 shares during the last quarter. Morgan Stanley increased its holdings in Landmark Infrastructure Partners by 9.2% in the 1st quarter. Morgan Stanley now owns 240,184 shares of the financial services provider’s stock valued at $2,841,000 after acquiring an additional 20,235 shares during the last quarter. Penbrook Management LLC increased its holdings in Landmark Infrastructure Partners by 4.6% in the 2nd quarter. Penbrook Management LLC now owns 36,730 shares of the financial services provider’s stock valued at $468,000 after acquiring an additional 1,600 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in Landmark Infrastructure Partners in the 2nd quarter valued at $423,000. Finally, Avidian Wealth Solutions LLC increased its holdings in Landmark Infrastructure Partners by 57.0% in the 2nd quarter. Avidian Wealth Solutions LLC now owns 18,456 shares of the financial services provider’s stock valued at $235,000 after acquiring an additional 6,703 shares during the last quarter. Institutional investors own 13.48% of the company’s stock.

Landmark Infrastructure Partners stock opened at $16.43 on Monday. The business has a 50-day simple moving average of $15.91 and a two-hundred day simple moving average of $13.84. The company has a market cap of $418.80 million, a P/E ratio of 39.12 and a beta of 1.03. Landmark Infrastructure Partners has a 52-week low of $9.92 and a 52-week high of $18.30. The company has a quick ratio of 3.58, a current ratio of 3.58 and a debt-to-equity ratio of 2.32.

Landmark Infrastructure Partners (NASDAQ:LMRK) last released its quarterly earnings results on Wednesday, August 4th. The financial services provider reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.01). Landmark Infrastructure Partners had a net margin of 35.17% and a return on equity of 10.77%. The firm had revenue of $17.57 million for the quarter, compared to the consensus estimate of $17.54 million. Research analysts anticipate that Landmark Infrastructure Partners will post 0.43 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 13th. Shareholders of record on Monday, August 2nd were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, July 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.87%. Landmark Infrastructure Partners’s dividend payout ratio is currently 235.29%.

Landmark Infrastructure Partners Company Profile

Landmark Infrastructure Partners LP engages in the acquisition, ownership, and management of a portfolio of real property interests and infrastructure assets. It operates through the following business segments: Wireless Communication, Outdoor Advertising, and Renewable Power Generation. The Wireless Communication segment deals with leasing real property interests to companies in the wireless communication industry.

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