Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) Cut to “Hold” at BidaskClub

BidaskClub lowered shares of Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) from a buy rating to a hold rating in a report released on Monday, BidAskClub reports.

Several other research 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. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $18.00.

LMRK opened at $15.60 on Monday. The company has a 50 day moving average of $16.48 and a 200 day moving average of $15.78. The company has a market cap of $389.22 million, a PE ratio of 27.37, a price-to-earnings-growth ratio of 6.10 and a beta of 0.90. 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 current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 1.69.

Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) last released its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $0.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.02. The company 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 net margin of 193.25% and a return on equity of 8.75%. Research analysts forecast that Landmark Infrastructure Partners LP Unit will post 0.51 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Friday, August 2nd were paid a $0.368 dividend. The ex-dividend date of this dividend was Thursday, August 1st. This is a boost from Landmark Infrastructure Partners LP Unit’s previous quarterly dividend of $0.34. This represents a $1.47 annualized dividend and a yield of 9.44%. Landmark Infrastructure Partners LP Unit’s dividend payout ratio is currently 257.89%.

A number of hedge funds and other institutional investors have recently bought and sold shares of LMRK. HighTower Advisors LLC lifted its stake in 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 purchasing an additional 908,876 shares in the last quarter. Sunbelt Securities Inc. purchased a new stake in Landmark Infrastructure Partners LP Unit in the 2nd quarter worth approximately $842,000. Searle & CO. purchased a new stake in Landmark Infrastructure Partners LP Unit in the 2nd quarter worth approximately $713,000. American Asset Management Inc. purchased a new stake in Landmark Infrastructure Partners LP Unit in the 2nd quarter worth approximately $482,000. Finally, Morgan Stanley lifted its stake in 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 purchasing an additional 23,908 shares in the last quarter. Institutional investors and hedge funds 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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