Landmark Infrastructure Partners LP Unit (LMRK) Upgraded by ValuEngine to Buy

ValuEngine upgraded shares of Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) from a hold rating to a buy rating in a report released on Tuesday morning, ValuEngine reports.

Several other equities analysts also recently commented on the company. Zacks Investment Research upgraded Landmark Infrastructure Partners LP Unit from a sell rating to a hold rating in a research report on Wednesday, April 24th. BidaskClub upgraded Landmark Infrastructure Partners LP Unit from a hold rating to a buy rating in a research report on Wednesday, March 27th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $17.00.

Shares of Landmark Infrastructure Partners LP Unit stock traded down $0.17 during trading hours on Tuesday, hitting $15.95. The company’s stock had a trading volume of 8,126 shares, compared to its average volume of 121,081. Landmark Infrastructure Partners LP Unit has a 12-month low of $10.32 and a 12-month high of $17.01. The company has a market capitalization of $403.89 million, a price-to-earnings ratio of 27.99, a PEG ratio of 5.98 and a beta of 0.82. The company has a quick ratio of 3.14, a current ratio of 3.14 and a debt-to-equity ratio of 1.65.

Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) last announced its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.02. Landmark Infrastructure Partners LP Unit had a return on equity of 9.42% and a net margin of 182.88%. The business had revenue of $14.39 million for the quarter, compared to the consensus estimate of $15.59 million. On average, equities analysts expect that Landmark Infrastructure Partners LP Unit will post 0.53 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st were issued a $0.368 dividend. This represents a $1.47 annualized dividend and a dividend yield of 9.23%. This is a boost from Landmark Infrastructure Partners LP Unit’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Tuesday, April 30th. Landmark Infrastructure Partners LP Unit’s payout ratio is 257.89%.

In other news, Director Gerald A. Tywoniuk sold 1,913 shares of Landmark Infrastructure Partners LP Unit stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $14.50, for a total value of $27,738.50. Following the sale, the director now directly owns 3,271 shares of the company’s stock, valued at $47,429.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.65% of the company’s stock.

Several hedge funds have recently modified their holdings of LMRK. Virtu Financial LLC bought a new stake in Landmark Infrastructure Partners LP Unit during the fourth quarter worth approximately $254,000. Marshall Wace LLP bought a new position in shares of Landmark Infrastructure Partners LP Unit during the third quarter valued at approximately $474,000. Cambridge Investment Research Advisors Inc. bought a new position in shares of Landmark Infrastructure Partners LP Unit during the fourth quarter valued at approximately $173,000. Renaissance Technologies LLC bought a new position in shares of Landmark Infrastructure Partners LP Unit during the third quarter valued at approximately $367,000. Finally, Howard Financial Services LTD. bought a new position in shares of Landmark Infrastructure Partners LP Unit during the fourth quarter valued at approximately $158,000. 17.93% of the stock is currently owned by hedge funds and other institutional investors.

Landmark Infrastructure Partners LP Unit Company Profile

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

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