Raymond James & Associates cut its position in shares of Landmark Infrastructure Partners LP (NASDAQ:LMRK) by 44.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 128,754 shares of the financial services provider’s stock after selling 102,895 shares during the quarter. Raymond James & Associates’ holdings in Landmark Infrastructure Partners were worth $2,105,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of the company. LPL Financial LLC increased its position in shares of Landmark Infrastructure Partners by 5.0% during the 2nd quarter. LPL Financial LLC now owns 25,703 shares of the financial services provider’s stock valued at $328,000 after purchasing an additional 1,235 shares during the period. JPMorgan Chase & Co. acquired a new position in shares of Landmark Infrastructure Partners in the 2nd quarter worth $64,000. Atlantic Trust LLC acquired a new position in shares of Landmark Infrastructure Partners in the 2nd quarter worth $65,000. Stifel Financial Corp grew its holdings in shares of Landmark Infrastructure Partners by 71.7% in the 2nd quarter. Stifel Financial Corp now owns 23,700 shares of the financial services provider’s stock worth $302,000 after acquiring an additional 9,900 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Landmark Infrastructure Partners by 24.7% in the 2nd quarter. Invesco Ltd. now owns 61,500 shares of the financial services provider’s stock worth $784,000 after acquiring an additional 12,201 shares during the last quarter. Institutional investors own 51.30% of the company’s stock.
A number of equities analysts recently issued reports on LMRK shares. TheStreet upgraded Landmark Infrastructure Partners from a “c+” rating to a “b-” rating in a report on Friday, October 1st. Royal Bank of Canada lifted their target price on Landmark Infrastructure Partners from $14.00 to $16.00 and gave the stock a “sector perform” rating in a report on Monday, October 11th. Finally, Zacks Investment Research cut Landmark Infrastructure Partners from a “hold” rating to a “strong sell” rating in a report on Thursday, November 11th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $15.38.
Landmark Infrastructure Partners (NASDAQ:LMRK) last released its quarterly earnings data on Friday, November 5th. The financial services provider reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.15). The firm had revenue of $17.41 million for the quarter, compared to analyst estimates of $17.52 million. Landmark Infrastructure Partners had a net margin of 28.52% and a return on equity of 9.18%. During the same period in the previous year, the business posted $0.10 EPS. Analysts expect that Landmark Infrastructure Partners LP will post 0.24 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 12th. Investors of record on Tuesday, November 2nd were given a dividend of $0.20 per share. The ex-dividend date was Monday, November 1st. This represents a $0.80 dividend on an annualized basis and a yield of 4.85%. Landmark Infrastructure Partners’s payout ratio is 285.71%.
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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