BidaskClub upgraded shares of Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) from a buy rating to a strong-buy rating in a report released on Wednesday morning, BidAskClub reports.

Several other analysts also recently issued reports on the company. ValuEngine upgraded Landmark Infrastructure Partners LP Unit from a hold rating to a buy rating in a report on Tuesday, May 14th. Zacks Investment Research downgraded Landmark Infrastructure Partners LP Unit from a buy rating to a hold rating in a report on Tuesday, July 30th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Landmark Infrastructure Partners LP Unit presently has an average rating of Buy and a consensus target price of $18.00.

LMRK stock opened at $16.16 on Wednesday. The firm has a market cap of $411.50 million, a P/E ratio of 45.11, a price-to-earnings-growth ratio of 6.09 and a beta of 0.90. The company has a current ratio of 3.14, a quick ratio of 3.14 and a debt-to-equity ratio of 1.65. The business’s fifty day moving average price is $16.58. Landmark Infrastructure Partners LP Unit has a 52 week low of $10.32 and a 52 week high of $17.54.

Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) last released its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. Landmark Infrastructure Partners LP Unit had a return on equity of 8.66% and a net margin of 193.25%. The business had revenue of $15.03 million during the quarter, compared to the consensus estimate of $15.02 million. As a group, equities analysts forecast that Landmark Infrastructure Partners LP Unit will post 0.51 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 14th. Investors of record on Friday, August 2nd will be issued a $0.368 dividend. This is an increase from Landmark Infrastructure Partners LP Unit’s previous quarterly dividend of $0.34. This represents a $1.47 annualized dividend and a yield of 9.11%. The ex-dividend date of this dividend is Thursday, August 1st. Landmark Infrastructure Partners LP Unit’s dividend payout ratio is currently 257.89%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN increased its holdings in Landmark Infrastructure Partners LP Unit by 4.5% in the 2nd quarter. Wells Fargo & Company MN now owns 16,241 shares of the financial services provider’s stock valued at $274,000 after purchasing an additional 699 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Landmark Infrastructure Partners LP Unit by 6.5% during the fourth quarter. Geode Capital Management LLC now owns 12,857 shares of the financial services provider’s stock valued at $147,000 after acquiring an additional 780 shares in the last quarter. Penbrook Management LLC grew its stake in shares of Landmark Infrastructure Partners LP Unit by 4.0% during the second quarter. Penbrook Management LLC now owns 31,180 shares of the financial services provider’s stock valued at $525,000 after acquiring an additional 1,200 shares in the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of Landmark Infrastructure Partners LP Unit by 4.6% during the second quarter. Steward Partners Investment Advisory LLC now owns 28,232 shares of the financial services provider’s stock valued at $475,000 after acquiring an additional 1,231 shares in the last quarter. Finally, Advisor Group Inc. grew its stake in shares of Landmark Infrastructure Partners LP Unit by 24.9% during the second quarter. Advisor Group Inc. now owns 6,194 shares of the financial services provider’s stock valued at $105,000 after acquiring an additional 1,234 shares in the last quarter. Hedge funds and other institutional investors own 10.27% of the company’s stock.

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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