Zacks Investment Research cut shares of Landmark Infrastructure Partners LP (NASDAQ:LMRK) from a hold rating to a sell rating in a report released on Wednesday morning.

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. “

Several other research analysts have also recently weighed in on the company. B. Riley reiterated a buy rating on shares of Landmark Infrastructure Partners in a research report on Thursday, November 2nd. Royal Bank of Canada reiterated a buy rating and set a $19.00 price objective on shares of Landmark Infrastructure Partners in a research report on Tuesday, November 7th. Finally, BidaskClub cut Landmark Infrastructure Partners from a buy rating to a hold rating in a research report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $18.50.

Landmark Infrastructure Partners (NASDAQ LMRK) opened at $17.10 on Wednesday. The company has a current ratio of 3.93, a quick ratio of 3.93 and a debt-to-equity ratio of 2.88. The firm has a market capitalization of $343.27, a price-to-earnings ratio of 25.51 and a beta of 0.45. Landmark Infrastructure Partners has a 12-month low of $12.55 and a 12-month high of $18.15.

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The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Wednesday, November 1st will be given a dividend of $0.3575 per share. This is a boost from Landmark Infrastructure Partners’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $1.43 annualized dividend and a yield of 8.36%. Landmark Infrastructure Partners’s dividend payout ratio (DPR) is presently 255.36%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Orinda Asset Management LLC increased its position in shares of Landmark Infrastructure Partners by 38.9% in the third quarter. Orinda Asset Management LLC now owns 117,800 shares of the financial services provider’s stock worth $1,997,000 after purchasing an additional 32,987 shares during the period. Green Square Capital LLC increased its position in shares of Landmark Infrastructure Partners by 1.5% in the second quarter. Green Square Capital LLC now owns 1,018,867 shares of the financial services provider’s stock worth $16,302,000 after purchasing an additional 15,462 shares during the period. A. D. Beadell Investment Counsel Inc. increased its position in shares of Landmark Infrastructure Partners by 27.5% in the second quarter. A. D. Beadell Investment Counsel Inc. now owns 13,900 shares of the financial services provider’s stock worth $222,000 after purchasing an additional 3,000 shares during the period. Oxbow Advisors LLC bought a new position in shares of Landmark Infrastructure Partners in the third quarter worth $486,000. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of Landmark Infrastructure Partners by 8.0% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 80,172 shares of the financial services provider’s stock worth $1,283,000 after purchasing an additional 5,934 shares during the period. Institutional investors own 21.02% 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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