Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) Raised to “Strong-Buy” at BidaskClub

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

LMRK has been the subject of several other research reports. ValuEngine cut Xylem from a buy rating to a hold rating in a research note on Tuesday, May 14th. Zacks Investment Research cut GenMark Diagnostics from a hold rating to a sell rating in a research note on Wednesday, April 24th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $17.00.

LMRK stock opened at $16.74 on Thursday. The stock’s 50 day simple moving average is $16.00. The stock has a market capitalization of $424.16 million, a PE ratio of 45.24, a price-to-earnings-growth ratio of 6.28 and a beta of 0.90. Landmark Infrastructure Partners LP Unit has a fifty-two week low of $10.32 and a fifty-two week high of $17.01. The company has a debt-to-equity ratio of 1.65, a quick ratio of 3.14 and a current ratio of 3.14.

Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) last posted its earnings results on Wednesday, May 1st. The financial services provider reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.02. The firm had revenue of $14.39 million during the quarter, compared to analysts’ expectations of $15.59 million. Landmark Infrastructure Partners LP Unit had a return on equity of 9.42% and a net margin of 182.88%. Research analysts predict that Landmark Infrastructure Partners LP Unit will post 0.53 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of LMRK. Avalon Advisors LLC lifted its stake in Landmark Infrastructure Partners LP Unit by 153.0% in the first quarter. Avalon Advisors LLC now owns 120,166 shares of the financial services provider’s stock valued at $2,038,000 after buying an additional 72,676 shares during the last quarter. Green Square Capital LLC lifted its stake in Landmark Infrastructure Partners LP Unit by 3.4% in the fourth quarter. Green Square Capital LLC now owns 1,308,786 shares of the financial services provider’s stock valued at $15,090,000 after buying an additional 43,424 shares during the last quarter. Corundum Group Inc. purchased a new stake in Landmark Infrastructure Partners LP Unit in the fourth quarter valued at approximately $498,000. Howard Financial Services LTD. purchased a new stake in Landmark Infrastructure Partners LP Unit in the fourth quarter valued at approximately $158,000. Finally, Stifel Financial Corp purchased a new stake in Landmark Infrastructure Partners LP Unit in the fourth quarter valued at approximately $150,000. Institutional investors own 10.04% of the company’s stock.

About Landmark Infrastructure Partners LP Unit

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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