Landmark Infrastructure Partners LP Unit (LMRK) Stock Rating Lowered by BidaskClub

BidaskClub cut shares of Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) from a sell rating to a strong sell rating in a report issued on Thursday morning.

A number of other brokerages have also recently commented on LMRK. Zacks Investment Research upgraded Landmark Infrastructure Partners LP Unit from a hold rating to a strong-buy rating and set a $19.00 price target for the company in a research report on Wednesday, April 18th. ValuEngine cut Landmark Infrastructure Partners LP Unit from a hold rating to a sell rating in a research report on Wednesday, May 2nd. Finally, TheStreet cut Landmark Infrastructure Partners LP Unit from a b rating to a c+ rating in a research report on Wednesday, May 16th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $19.10.

Shares of LMRK opened at $13.00 on Thursday. The company has a debt-to-equity ratio of 3.27, a current ratio of 1.65 and a quick ratio of 1.65. The stock has a market capitalization of $319.16 million, a price-to-earnings ratio of 20.00, a P/E/G ratio of 4.07 and a beta of 0.38. Landmark Infrastructure Partners LP Unit has a 52 week low of $12.68 and a 52 week high of $18.75.

Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) last issued its quarterly earnings results on Wednesday, August 1st. The financial services provider reported $0.12 EPS for the quarter, hitting analysts’ consensus estimates of $0.12. The business had revenue of $16.80 million during the quarter, compared to analysts’ expectations of $16.90 million. Landmark Infrastructure Partners LP Unit had a return on equity of 15.73% and a net margin of 39.65%. research analysts anticipate that Landmark Infrastructure Partners LP Unit will post 0.62 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 14th. Investors of record on Wednesday, August 1st will be given a dividend of $0.3675 per share. This represents a $1.47 annualized dividend and a dividend yield of 11.31%. The ex-dividend date of this dividend is Tuesday, July 31st. Landmark Infrastructure Partners LP Unit’s dividend payout ratio is currently 226.15%.

Large investors have recently added to or reduced their stakes in the stock. Kayne Anderson Capital Advisors LP grew its position in shares of Landmark Infrastructure Partners LP Unit by 21.4% during the first quarter. Kayne Anderson Capital Advisors LP now owns 28,400 shares of the financial services provider’s stock worth $472,000 after purchasing an additional 5,000 shares in the last quarter. Cibc Bank USA purchased a new stake in shares of Landmark Infrastructure Partners LP Unit during the second quarter worth about $209,000. Brown Advisory Inc. grew its position in shares of Landmark Infrastructure Partners LP Unit by 84.9% during the first quarter. Brown Advisory Inc. now owns 495,235 shares of the financial services provider’s stock worth $8,245,000 after purchasing an additional 227,426 shares in the last quarter. Penbrook Management LLC grew its position in shares of Landmark Infrastructure Partners LP Unit by 14.5% during the second quarter. Penbrook Management LLC now owns 35,630 shares of the financial services provider’s stock worth $493,000 after purchasing an additional 4,500 shares in the last quarter. Finally, BW Gestao de Investimentos Ltda. purchased a new stake in shares of Landmark Infrastructure Partners LP Unit during the first quarter worth about $181,000. Hedge funds and other institutional investors own 19.86% of the company’s stock.

Landmark Infrastructure Partners LP Unit Company Profile

Landmark Infrastructure Partners LP acquires, 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.

Further Reading: Short Selling

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