Landmark Infrastructure (NASDAQ:LMRK) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued on Wednesday. The brokerage presently has a $19.00 price objective on the financial services provider’s stock. Zacks Investment Research‘s target price points to a potential upside of 10.47% from the stock’s previous close.
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. “
A number of other analysts also recently weighed in on LMRK. BidaskClub upgraded shares of Landmark Infrastructure from a “sell” rating to a “hold” rating in a report on Friday, March 16th. Robert W. Baird set a $19.00 target price on shares of Landmark Infrastructure and gave the stock a “buy” rating in a report on Thursday, February 15th. Wells Fargo began coverage on shares of Landmark Infrastructure in a report on Monday, February 26th. They issued a “market perform” rating and a $18.50 target price on the stock. Finally, B. Riley set a $20.00 target price on shares of Landmark Infrastructure and gave the stock a “buy” rating in a report on Tuesday, February 20th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Landmark Infrastructure currently has an average rating of “Buy” and an average target price of $18.92.
Shares of LMRK stock opened at $17.20 on Wednesday. The firm has a market capitalization of $427.60, a price-to-earnings ratio of 26.31 and a beta of 0.43. Landmark Infrastructure has a 52 week low of $15.10 and a 52 week high of $18.75. The company has a debt-to-equity ratio of 3.09, a quick ratio of 6.44 and a current ratio of 6.44.
Landmark Infrastructure (NASDAQ:LMRK) last posted its earnings results on Thursday, February 15th. The financial services provider reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.17. Landmark Infrastructure had a net margin of 26.99% and a return on equity of 10.41%. The firm had revenue of $14.48 million for the quarter, compared to the consensus estimate of $15.55 million. equities analysts expect that Landmark Infrastructure will post 0.84 earnings per share for the current fiscal year.
A number of large investors have recently modified their holdings of the stock. Green Square Capital LLC grew its holdings in Landmark Infrastructure by 22.3% during the 4th quarter. Green Square Capital LLC now owns 1,255,072 shares of the financial services provider’s stock valued at $22,717,000 after purchasing an additional 229,199 shares during the last quarter. Penbrook Management LLC bought a new position in Landmark Infrastructure in the 4th quarter worth about $634,000. Brown Advisory Inc. bought a new position in Landmark Infrastructure in the 4th quarter worth about $4,847,000. Florence Capital Advisors LLC grew its stake in Landmark Infrastructure by 1.4% in the 4th quarter. Florence Capital Advisors LLC now owns 1,755,965 shares of the financial services provider’s stock worth $31,783,000 after acquiring an additional 24,382 shares in the last quarter. Finally, Schroder Investment Management Group grew its stake in Landmark Infrastructure by 44.7% in the 4th quarter. Schroder Investment Management Group now owns 67,263 shares of the financial services provider’s stock worth $1,217,000 after acquiring an additional 20,763 shares in the last quarter. Institutional investors own 25.64% of the company’s stock.
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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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