Ronald Blue & Co. LLC held its stake in Landmark Infrastructure Partners LP (NASDAQ:LMRK) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,463 shares of the financial services provider’s stock at the end of the first quarter. Ronald Blue & Co. LLC owned 0.10% of Landmark Infrastructure Partners worth $351,000 as of its most recent filing with the SEC.
Several other hedge funds also recently added to or reduced their stakes in the company. Osterweis Capital Management Inc. bought a new stake in Landmark Infrastructure Partners during the fourth quarter worth $220,000. Wedbush Securities Inc. increased its stake in Landmark Infrastructure Partners by 17.2% in the first quarter. Wedbush Securities Inc. now owns 16,500 shares of the financial services provider’s stock worth $247,000 after buying an additional 2,418 shares during the last quarter. Raymond James Trust N.A. bought a new stake in Landmark Infrastructure Partners during the first quarter worth $253,000. Linscomb & Williams Inc. bought a new stake in Landmark Infrastructure Partners during the fourth quarter worth $339,000. Finally, Sapphire Star Partners LP bought a new stake in Landmark Infrastructure Partners during the first quarter worth $401,000. 12.19% of the stock is owned by institutional investors and hedge funds.
Landmark Infrastructure Partners LP (NASDAQ:LMRK) traded up 1.63% during trading on Friday, reaching $15.60. 66,814 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $15.54 and its 200-day moving average price is $15.24. The company has a market capitalization of $356.02 million, a price-to-earnings ratio of 31.08 and a beta of 0.39. Landmark Infrastructure Partners LP has a 52-week low of $12.55 and a 52-week high of $18.44.
Landmark Infrastructure Partners (NASDAQ:LMRK) last issued its earnings results on Thursday, May 4th. The financial services provider reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by $0.09. The firm had revenue of $12.20 million during the quarter, compared to analyst estimates of $12.56 million. Landmark Infrastructure Partners had a net margin of 7.44% and a return on equity of 4.50%. Equities analysts expect that Landmark Infrastructure Partners LP will post $0.47 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Monday, May 1st were paid a $0.3525 dividend. This represents a $1.41 dividend on an annualized basis and a dividend yield of 9.19%. This is a positive change from Landmark Infrastructure Partners’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Thursday, April 27th. Landmark Infrastructure Partners’s dividend payout ratio is presently 666.67%.
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A number of analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Landmark Infrastructure Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, May 10th. FBR & Co set a $18.00 price objective on shares of Landmark Infrastructure Partners and gave the stock a “buy” rating in a report on Saturday, May 6th.
In other news, insider George P. Doyle bought 3,000 shares of the business’s stock in a transaction that occurred on Friday, March 10th. The stock was acquired at an average cost of $14.90 per share, for a total transaction of $44,700.00. Following the completion of the purchase, the insider now owns 9,202 shares of the company’s stock, valued at approximately $137,109.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider George P. Doyle bought 2,800 shares of the business’s stock in a transaction that occurred on Thursday, March 9th. The stock was purchased at an average price of $14.25 per share, with a total value of $39,900.00. Following the completion of the purchase, the insider now directly owns 9,202 shares of the company’s stock, valued at approximately $131,128.50. The disclosure for this purchase can be found here.
Landmark Infrastructure Partners Company Profile
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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