Landmark Infrastructure Partners (LMRK) Upgraded at BidaskClub

BidaskClub upgraded shares of Landmark Infrastructure Partners (NASDAQ:LMRK) from a sell rating to a hold rating in a report released on Wednesday.

LMRK has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of Landmark Infrastructure Partners from a sell rating to a hold rating in a research report on Wednesday, October 11th. Royal Bank of Canada restated a buy rating and issued a $19.00 price objective on shares of Landmark Infrastructure Partners in a research report on Tuesday, November 7th. Finally, B. Riley restated a buy rating on shares of Landmark Infrastructure Partners in a research report on Thursday, November 2nd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of Buy and a consensus target price of $18.50.

Shares of Landmark Infrastructure Partners (NASDAQ LMRK) opened at $17.20 on Wednesday. The company has a debt-to-equity ratio of 2.88, a current ratio of 3.93 and a quick ratio of 3.93. Landmark Infrastructure Partners has a 1 year low of $14.20 and a 1 year high of $18.75. The company has a market cap of $341.29, a price-to-earnings ratio of 25.37 and a beta of 0.37.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 14th. Shareholders of record on Monday, February 5th will be issued a dividend of $0.3675 per share. This represents a $1.47 dividend on an annualized basis and a yield of 8.55%. The ex-dividend date is Friday, February 2nd. This is a boost from Landmark Infrastructure Partners’s previous quarterly dividend of $0.36. Landmark Infrastructure Partners’s dividend payout ratio is 262.50%.

In other news, insider Arthur P. Brazy, Jr. bought 6,000 shares of the stock in a transaction on Wednesday, November 15th. The stock was purchased at an average price of $17.04 per share, for a total transaction of $102,240.00. Following the acquisition, the insider now owns 80,181 shares in the company, valued at $1,366,284.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.65% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. increased its holdings in Landmark Infrastructure Partners by 18.4% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 94,930 shares of the financial services provider’s stock worth $1,609,000 after purchasing an additional 14,758 shares in the last quarter. Atlantic Trust LLC bought a new position in Landmark Infrastructure Partners during the 3rd quarter worth about $1,261,000. Green Square Capital LLC increased its holdings in Landmark Infrastructure Partners by 0.7% during the 3rd quarter. Green Square Capital LLC now owns 1,025,873 shares of the financial services provider’s stock worth $17,389,000 after purchasing an additional 7,006 shares in the last quarter. Orinda Asset Management LLC increased its holdings in Landmark Infrastructure Partners by 38.9% during the 3rd quarter. Orinda Asset Management LLC now owns 117,800 shares of the financial services provider’s stock worth $1,997,000 after purchasing an additional 32,987 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP increased its holdings in Landmark Infrastructure Partners by 87.2% during the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 23,400 shares of the financial services provider’s stock worth $396,000 after purchasing an additional 10,900 shares in the last quarter. Hedge funds and other institutional investors own 29.31% of the company’s stock.

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About Landmark Infrastructure Partners

Landmark Infrastructure Partners LP is a master limited partnership formed to acquire, own and manage a portfolio of real property interests that it leases to companies in the wireless communication, outdoor advertising and renewable power generation industries. The Company operates through three segments.

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