BidaskClub Downgrades Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) to Buy

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

Several other analysts also recently commented on the stock. ValuEngine downgraded shares of Landmark Infrastructure Partners LP Unit from a buy rating to a hold rating in a report on Thursday, August 8th. Zacks Investment Research downgraded shares of 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 and three have given a buy rating to the company. Landmark Infrastructure Partners LP Unit currently has an average rating of Buy and a consensus price target of $18.00.

Shares of LMRK stock opened at $15.56 on Tuesday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.93 and a current ratio of 1.93. The company has a market capitalization of $394.28 million, a P/E ratio of 27.30, a price-to-earnings-growth ratio of 6.43 and a beta of 0.90. The company’s 50 day moving average price is $16.59 and its two-hundred day moving average price is $15.74. 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 announced its earnings results on Wednesday, August 7th. The financial services provider reported $0.11 EPS for the quarter, topping the consensus estimate of $0.09 by $0.02. The firm had revenue of $15.03 million for the quarter, compared to the consensus estimate of $15.02 million. Landmark Infrastructure Partners LP Unit had a net margin of 193.25% and a return on equity of 8.75%. Analysts forecast that Landmark Infrastructure Partners LP Unit will post 0.51 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Friday, August 2nd were issued a dividend of $0.368 per share. 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 9.46%. The ex-dividend date of this dividend was Thursday, August 1st. Landmark Infrastructure Partners LP Unit’s dividend payout ratio (DPR) is 257.89%.

A number of hedge funds have recently made changes to their positions in LMRK. Truvestments Capital LLC raised its holdings in shares of Landmark Infrastructure Partners LP Unit by 738.0% in the second quarter. Truvestments Capital LLC now owns 2,271 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 2,000 shares during the last quarter. Coastal Investment Advisors Inc. acquired a new stake in shares of Landmark Infrastructure Partners LP Unit in the second quarter valued at approximately $51,000. Advisor Group Inc. raised its holdings in shares of Landmark Infrastructure Partners LP Unit by 24.9% in the second quarter. Advisor Group Inc. now owns 6,194 shares of the financial services provider’s stock valued at $105,000 after purchasing an additional 1,234 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Landmark Infrastructure Partners LP Unit by 6.5% in the fourth quarter. Geode Capital Management LLC now owns 12,857 shares of the financial services provider’s stock valued at $147,000 after purchasing an additional 780 shares during the last quarter. Finally, Evercore Wealth Management LLC acquired a new stake in shares of Landmark Infrastructure Partners LP Unit in the second quarter valued at approximately $192,000. Hedge funds and other institutional investors own 15.05% 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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