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

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

Other analysts also recently issued reports about 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 investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price 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. Landmark Infrastructure Partners LP Unit had a net margin of 193.25% and a return on equity of 8.75%. The firm had revenue of $15.03 million for the quarter, compared to the consensus estimate of $15.02 million. Analysts forecast that Landmark Infrastructure Partners LP Unit will post 0.51 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Friday, August 2nd were issued a $0.368 dividend. The ex-dividend date was Thursday, August 1st. This is an increase from Landmark Infrastructure Partners LP Unit’s previous quarterly dividend of $0.34. This represents a $1.47 dividend on an annualized basis and a dividend yield of 9.46%. Landmark Infrastructure Partners LP Unit’s dividend payout ratio (DPR) is 257.89%.

Several hedge funds and other institutional investors have recently bought and sold shares of LMRK. Geode Capital Management LLC raised its stake in shares of Landmark Infrastructure Partners LP Unit by 6.5% in the 4th quarter. Geode Capital Management LLC now owns 12,857 shares of the financial services provider’s stock valued at $147,000 after buying an additional 780 shares in the last quarter. Avalon Advisors LLC grew its holdings in Landmark Infrastructure Partners LP Unit by 153.0% during the 1st quarter. Avalon Advisors LLC now owns 120,166 shares of the financial services provider’s stock worth $2,038,000 after acquiring an additional 72,676 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in Landmark Infrastructure Partners LP Unit by 12.6% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 27,001 shares of the financial services provider’s stock worth $457,000 after acquiring an additional 3,028 shares during the last quarter. Truvestments Capital LLC grew its holdings in Landmark Infrastructure Partners LP Unit by 738.0% during the 2nd quarter. Truvestments Capital LLC now owns 2,271 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Penbrook Management LLC grew its holdings 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 last quarter. Institutional investors own 15.05% 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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