Landmark Infrastructure Partners LP (NASDAQ:LMRK) Short Interest Down 50.7% in December


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Landmark Infrastructure Partners LP (NASDAQ:LMRK) saw a large decline in short interest in December. As of December 31st, there was short interest totalling 22,200 shares, a decline of 50.7% from the December 15th total of 45,000 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 66,400 shares, the short-interest ratio is presently 0.3 days.

Shares of NASDAQ:LMRK opened at $12.16 on Thursday. The company has a debt-to-equity ratio of 2.18, a current ratio of 3.19 and a quick ratio of 3.19. The stock has a market capitalization of $309.81 million, a price-to-earnings ratio of 27.02 and a beta of 1.05. The business’s fifty day moving average price is $11.12 and its two-hundred day moving average price is $10.29. Landmark Infrastructure Partners has a fifty-two week low of $7.05 and a fifty-two week high of $17.86.

Landmark Infrastructure Partners (NASDAQ:LMRK) last issued its quarterly earnings results on Wednesday, November 4th. The financial services provider reported $0.10 EPS for the quarter, topping the consensus estimate of $0.04 by $0.06. Landmark Infrastructure Partners had a net margin of 40.55% and a return on equity of 11.02%. The company had revenue of $14.23 million during the quarter, compared to analysts’ expectations of $13.43 million. Research analysts expect that Landmark Infrastructure Partners will post 0.47 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. CIBC Private Wealth Group LLC purchased a new position in Landmark Infrastructure Partners during the 3rd quarter worth $136,000. Sanders Morris Harris LLC purchased a new position in Landmark Infrastructure Partners in the third quarter worth approximately $144,000. Stifel Financial Corp raised its holdings in Landmark Infrastructure Partners by 36.9% in the 2nd quarter. Stifel Financial Corp now owns 14,850 shares of the financial services provider’s stock valued at $147,000 after buying an additional 4,000 shares during the period. LPL Financial LLC raised its holdings in Landmark Infrastructure Partners by 13.8% in the 3rd quarter. LPL Financial LLC now owns 20,216 shares of the financial services provider’s stock valued at $183,000 after buying an additional 2,459 shares during the period. Finally, STA Wealth Management LLC raised its holdings in Landmark Infrastructure Partners by 5.5% in the 3rd quarter. STA Wealth Management LLC now owns 34,242 shares of the financial services provider’s stock valued at $310,000 after buying an additional 1,782 shares during the period. Institutional investors and hedge funds own 14.41% of the company’s stock.

A number of equities analysts have commented on the stock. Wells Fargo & Company lowered shares of Landmark Infrastructure Partners from an “equal weight” rating to an “underweight” rating and set a $8.00 price target on the stock. in a research report on Tuesday, November 10th. Zacks Investment Research downgraded Landmark Infrastructure Partners from a “buy” rating to a “hold” rating in a report on Wednesday, January 6th. BidaskClub upgraded Landmark Infrastructure Partners from a “hold” rating to a “buy” rating in a report on Wednesday, October 21st. Finally, Raymond James upped their target price on Landmark Infrastructure Partners from $14.00 to $15.00 and gave the company a “strong-buy” rating in a research report on Thursday, November 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Landmark Infrastructure Partners has a consensus rating of “Buy” and a consensus price target of $11.80.

About Landmark Infrastructure Partners

Landmark Infrastructure Partners LP acquires, develops, 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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