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 report published on Wednesday morning, BidAskClub reports.

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

LMRK traded down $0.08 on Wednesday, hitting $16.16. The company had a trading volume of 43,164 shares, compared to its average volume of 85,356. The company has a fifty day simple moving average of $16.58. Landmark Infrastructure Partners LP Unit has a 12-month low of $10.32 and a 12-month high of $17.54. The company has a debt-to-equity ratio of 1.65, a current ratio of 3.14 and a quick ratio of 3.14. The stock has a market cap of $410.99 million, a PE ratio of 28.35, a price-to-earnings-growth ratio of 6.08 and a beta of 0.90.

Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) last released its earnings results on Wednesday, August 7th. The financial services provider reported $0.11 EPS for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.02. The firm had revenue of $15.03 million during the quarter, compared to the consensus estimate of $15.02 million. Landmark Infrastructure Partners LP Unit had a return on equity of 8.66% and a net margin of 193.25%. On average, research analysts forecast that Landmark Infrastructure Partners LP Unit will post 0.53 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 14th. Shareholders of record on Friday, August 2nd will be given a dividend of $0.368 per share. This represents a $1.47 dividend on an annualized basis and a yield of 9.11%. This is a boost from Landmark Infrastructure Partners LP Unit’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Thursday, August 1st. Landmark Infrastructure Partners LP Unit’s dividend payout ratio (DPR) is presently 257.89%.

Institutional investors and hedge funds have recently bought and sold shares of the company. Avalon Advisors LLC boosted its stake in Landmark Infrastructure Partners LP Unit by 153.0% during the first quarter. Avalon Advisors LLC now owns 120,166 shares of the financial services provider’s stock worth $2,038,000 after buying an additional 72,676 shares during the last quarter. Sunbelt Securities Inc. purchased a new position in Landmark Infrastructure Partners LP Unit during the 2nd quarter worth approximately $842,000. Searle & CO. acquired a new stake in Landmark Infrastructure Partners LP Unit during the 2nd quarter worth approximately $713,000. Penbrook Management LLC lifted its position in Landmark Infrastructure Partners LP Unit by 4.0% during the 2nd quarter. Penbrook Management LLC now owns 31,180 shares of the financial services provider’s stock worth $525,000 after acquiring an additional 1,200 shares during the period. Finally, American Asset Management Inc. acquired a new stake in shares of Landmark Infrastructure Partners LP Unit in the 2nd quarter valued at approximately $482,000. 10.27% of the stock is owned by institutional investors and hedge funds.

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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