BidaskClub Upgrades Landmark Infrastructure Partners LP (LMRK) to Buy
BidaskClub upgraded shares of Landmark Infrastructure Partners LP (NASDAQ:LMRK) from a hold rating to a buy rating in a report released on Tuesday.
Several other brokerages also recently weighed in on LMRK. Zacks Investment Research upgraded shares of Landmark Infrastructure Partners from a sell rating to a hold rating in a research note on Wednesday, July 5th. Royal Bank Of Canada restated a buy rating and issued a $17.00 target price on shares of Landmark Infrastructure Partners in a research note on Thursday, May 25th. Finally, FBR & Co set a $18.00 target price on shares of Landmark Infrastructure Partners and gave the company a buy rating in a research note on Saturday, May 6th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Landmark Infrastructure Partners currently has a consensus rating of Buy and an average target price of $17.67.
Landmark Infrastructure Partners (NASDAQ LMRK) traded down 2.58% during trading on Tuesday, hitting $16.80. 96,840 shares of the company were exchanged. The company has a market capitalization of $383.41 million, a price-to-earnings ratio of 33.47 and a beta of 0.39. The company has a 50-day moving average of $16.44 and a 200-day moving average of $15.71. Landmark Infrastructure Partners has a 12 month low of $12.55 and a 12 month high of $18.44.
Landmark Infrastructure Partners (NASDAQ:LMRK) last released its quarterly earnings data on Thursday, May 4th. The financial services provider reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by $0.09. Landmark Infrastructure Partners had a return on equity of 9.42% and a net margin of 26.10%. The business had revenue of $12.20 million for the quarter, compared to analysts’ expectations of $12.56 million. Analysts forecast that Landmark Infrastructure Partners will post $0.52 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Tuesday, August 1st will be issued a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a dividend yield of 8.45%. This is a boost from Landmark Infrastructure Partners’s previous quarterly dividend of $0.35. The ex-dividend date is Friday, July 28th. Landmark Infrastructure Partners’s dividend payout ratio is 300.01%.
In related news, insider George P. Doyle bought 4,000 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The stock was purchased at an average price of $15.95 per share, for a total transaction of $63,800.00. Following the transaction, the insider now directly owns 9,202 shares of the company’s stock, valued at approximately $146,771.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Arthur P. Brazy, Jr. bought 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was bought at an average price of $15.88 per share, with a total value of $111,160.00. Following the transaction, the insider now directly owns 76,981 shares in the company, valued at $1,222,458.28. The disclosure for this purchase can be found here. 0.65% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the stock. E&G Advisors LP acquired a new position in Landmark Infrastructure Partners during the first quarter valued at $2,870,000. Guggenheim Capital LLC raised its position in Landmark Infrastructure Partners by 115.9% in the fourth quarter. Guggenheim Capital LLC now owns 84,982 shares of the financial services provider’s stock valued at $1,296,000 after buying an additional 45,622 shares during the period. Orinda Asset Management LLC acquired a new position in Landmark Infrastructure Partners during the first quarter valued at $640,000. Nuveen Asset Management LLC raised its position in Landmark Infrastructure Partners by 27.9% in the first quarter. Nuveen Asset Management LLC now owns 176,712 shares of the financial services provider’s stock valued at $2,642,000 after buying an additional 38,558 shares during the period. Finally, Green Square Capital LLC raised its position in Landmark Infrastructure Partners by 3.6% in the first quarter. Green Square Capital LLC now owns 1,003,405 shares of the financial services provider’s stock valued at $15,001,000 after buying an additional 35,031 shares during the period. Institutional investors own 21.01% of the company’s stock.
About Landmark Infrastructure Partners
Landmark Infrastructure Partners LP is a master limited partnership formed to acquire, own and manage a portfolio of real property interests that it leases to companies in the wireless communication, outdoor advertising and renewable power generation industries. The Company operates through three segments.
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