Landmark Infrastructure Partners LP (NASDAQ:LMRK) Short Interest Update


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Landmark Infrastructure Partners LP (NASDAQ:LMRK) was the recipient of a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 31,600 shares, a decline of 23.9% from the March 31st total of 41,500 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 51,000 shares, the short-interest ratio is presently 0.6 days.

A number of equities analysts recently commented on LMRK shares. B. Riley lifted their target price on Landmark Infrastructure Partners from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Thursday, February 25th. Zacks Investment Research cut Landmark Infrastructure Partners from a “hold” rating to a “sell” rating in a report on Wednesday, April 28th.

LMRK traded down $0.26 during midday trading on Tuesday, hitting $12.43. 45,632 shares of the company were exchanged, compared to its average volume of 51,402. The company’s 50 day simple moving average is $12.29 and its 200 day simple moving average is $11.65. The firm has a market capitalization of $316.83 million, a price-to-earnings ratio of 27.62 and a beta of 1.06. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 2.18. Landmark Infrastructure Partners has a 1-year low of $8.60 and a 1-year high of $13.50.

Landmark Infrastructure Partners (NASDAQ:LMRK) last posted its earnings results on Wednesday, February 24th. The financial services provider reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.01). Landmark Infrastructure Partners had a return on equity of 11.02% and a net margin of 40.55%. The firm had revenue of $16.95 million for the quarter, compared to analysts’ expectations of $15.67 million. On average, equities analysts anticipate that Landmark Infrastructure Partners will post 0.47 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 14th. Stockholders of record on Tuesday, May 4th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 6.44%. The ex-dividend date of this dividend is Monday, May 3rd. Landmark Infrastructure Partners’s payout ratio is currently 123.08%.

Several hedge funds have recently bought and sold shares of the company. Telemus Capital LLC boosted its stake in shares of Landmark Infrastructure Partners by 128.2% during the 1st quarter. Telemus Capital LLC now owns 791,015 shares of the financial services provider’s stock worth $9,508,000 after acquiring an additional 444,417 shares in the last quarter. Brown Advisory Inc. increased its stake in Landmark Infrastructure Partners by 2.2% during the 4th quarter. Brown Advisory Inc. now owns 435,331 shares of the financial services provider’s stock worth $4,667,000 after buying an additional 9,349 shares in the last quarter. Morgan Stanley increased its stake in Landmark Infrastructure Partners by 84.6% during the 3rd quarter. Morgan Stanley now owns 177,256 shares of the financial services provider’s stock worth $1,605,000 after buying an additional 81,232 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Landmark Infrastructure Partners by 3.4% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 123,510 shares of the financial services provider’s stock valued at $1,324,000 after acquiring an additional 4,062 shares during the last quarter. Finally, LPL Financial LLC grew its holdings in shares of Landmark Infrastructure Partners by 15.7% during the fourth quarter. LPL Financial LLC now owns 23,397 shares of the financial services provider’s stock worth $251,000 after buying an additional 3,181 shares in the last quarter. 15.83% of the stock is currently owned by institutional investors and hedge funds.

About Landmark Infrastructure Partners

Landmark Infrastructure Partners LP acquires, owns, develops, 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, digital infrastructure, outdoor advertising, and renewable power generation industries.

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