Brokerages Anticipate Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) Will Post Earnings of $0.11 Per Share

Brokerages expect Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) to report earnings per share of $0.11 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Landmark Infrastructure Partners LP Unit’s earnings. The highest EPS estimate is $0.12 and the lowest is $0.10. Landmark Infrastructure Partners LP Unit reported earnings of ($0.04) per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 375%. The business is expected to report its next quarterly earnings results on Wednesday, February 19th.

According to Zacks, analysts expect that Landmark Infrastructure Partners LP Unit will report full-year earnings of $0.51 per share for the current year. For the next fiscal year, analysts expect that the firm will report earnings of $0.64 per share, with EPS estimates ranging from $0.50 to $0.77. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Landmark Infrastructure Partners LP Unit.

LMRK has been the topic of a number of analyst reports. Raymond James dropped their price objective on shares of Landmark Infrastructure Partners LP Unit from $20.00 to $19.00 and set a “strong-buy” rating on the stock in a report on Thursday, November 7th. Zacks Investment Research cut shares of Landmark Infrastructure Partners LP Unit from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. BidaskClub cut shares of Landmark Infrastructure Partners LP Unit from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th. Finally, ValuEngine cut shares of Landmark Infrastructure Partners LP Unit from a “hold” rating to a “sell” rating in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $18.67.

Shares of LMRK stock traded down $0.04 during trading hours on Thursday, reaching $15.66. The stock had a trading volume of 60,000 shares, compared to its average volume of 105,437. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.73 and a quick ratio of 1.73. Landmark Infrastructure Partners LP Unit has a twelve month low of $10.32 and a twelve month high of $18.45. The firm has a 50-day simple moving average of $17.37 and a 200-day simple moving average of $16.44. The firm has a market capitalization of $403.14 million, a PE ratio of 27.47, a price-to-earnings-growth ratio of 6.12 and a beta of 0.95.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 4th were issued a $0.3675 dividend. This represents a $1.47 dividend on an annualized basis and a dividend yield of 9.39%. The ex-dividend date was Friday, November 1st. This is a boost from Landmark Infrastructure Partners LP Unit’s previous quarterly dividend of $0.34. Landmark Infrastructure Partners LP Unit’s dividend payout ratio (DPR) is 257.89%.

Several hedge funds have recently added to or reduced their stakes in the stock. HighTower Advisors LLC increased its holdings in shares of Landmark Infrastructure Partners LP Unit by 6,721.0% in the 2nd quarter. HighTower Advisors LLC now owns 922,399 shares of the financial services provider’s stock worth $15,540,000 after acquiring an additional 908,876 shares during the period. Pacer Advisors Inc. increased its holdings in shares of Landmark Infrastructure Partners LP Unit by 411.0% in the 3rd quarter. Pacer Advisors Inc. now owns 90,049 shares of the financial services provider’s stock worth $1,624,000 after acquiring an additional 72,426 shares during the period. Morgan Stanley increased its holdings in shares of Landmark Infrastructure Partners LP Unit by 38.2% in the 2nd quarter. Morgan Stanley now owns 86,549 shares of the financial services provider’s stock worth $1,459,000 after acquiring an additional 23,908 shares during the period. Royal Bank of Canada increased its stake in Landmark Infrastructure Partners LP Unit by 19.7% during the 2nd quarter. Royal Bank of Canada now owns 85,900 shares of the financial services provider’s stock valued at $1,448,000 after buying an additional 14,157 shares during the period. Finally, Invesco Ltd. increased its stake in Landmark Infrastructure Partners LP Unit by 1.4% during the 2nd quarter. Invesco Ltd. now owns 66,233 shares of the financial services provider’s stock valued at $1,116,000 after buying an additional 938 shares during the period. 15.65% of the stock is currently owned by institutional investors and hedge funds.

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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