Royal Bank Of Canada restated their buy rating on shares of Landmark Infrastructure Partners LP (NASDAQ:LMRK) in a report published on Wednesday. The firm currently has a $19.00 price target on the financial services provider’s stock.
Other equities analysts also recently issued research reports about the company. BidaskClub raised Landmark Infrastructure Partners from a hold rating to a buy rating in a research report on Tuesday, July 25th. FBR & Co set a $18.00 price target on Landmark Infrastructure Partners and gave the stock a buy rating in a research report on Saturday, May 6th. Finally, Zacks Investment Research downgraded Landmark Infrastructure Partners from a buy rating to a hold rating in a research report on Tuesday, May 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $18.33.
Shares of Landmark Infrastructure Partners (LMRK) opened at 16.45 on Wednesday. The company has a market cap of $376.44 million, a P/E ratio of 31.51 and a beta of 0.42. The stock’s 50 day moving average price is $16.69 and its 200 day moving average price is $15.80. Landmark Infrastructure Partners has a 1-year low of $12.55 and a 1-year high of $18.44.
Landmark Infrastructure Partners (NASDAQ:LMRK) last released its earnings results on Thursday, August 3rd. The financial services provider reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by $0.02. The company had revenue of $12.80 million during the quarter, compared to analyst estimates of $13.63 million. Landmark Infrastructure Partners had a net margin of 26.38% and a return on equity of 9.69%. Equities research analysts forecast that Landmark Infrastructure Partners will post $0.34 earnings per share for the current year.
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The firm also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Tuesday, August 1st will be given a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a yield of 8.63%. The ex-dividend date is Friday, July 28th. This is an increase from Landmark Infrastructure Partners’s previous quarterly dividend of $0.35. Landmark Infrastructure Partners’s payout ratio is 262.96%.
In other Landmark Infrastructure Partners news, insider George P. Doyle purchased 4,000 shares of the stock in a transaction on Monday, May 22nd. The shares were purchased at an average price of $15.95 per share, with a total value of $63,800.00. Following the completion of the transaction, the insider now directly owns 9,202 shares in the company, valued at $146,771.90. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Arthur P. Brazy, Jr. purchased 7,000 shares of the stock in a transaction on Tuesday, May 23rd. The shares were acquired at an average cost of $15.88 per share, for a total transaction of $111,160.00. Following the transaction, the insider now owns 76,981 shares of the company’s stock, valued at $1,222,458.28. The disclosure for this purchase can be found here. 0.65% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in the company. US Bancorp DE acquired a new position in shares of Landmark Infrastructure Partners during the second quarter worth $160,000. Goldman Sachs Group Inc. purchased a new stake in shares of Landmark Infrastructure Partners during the first quarter worth about $165,000. Kayne Anderson Capital Advisors LP purchased a new stake in shares of Landmark Infrastructure Partners during the second quarter worth about $200,000. A. D. Beadell Investment Counsel Inc. boosted its stake in shares of Landmark Infrastructure Partners by 27.5% in the second quarter. A. D. Beadell Investment Counsel Inc. now owns 13,900 shares of the financial services provider’s stock worth $222,000 after buying an additional 3,000 shares in the last quarter. Finally, Wedbush Securities Inc. boosted its stake in shares of 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 in the last quarter. 21.07% of the stock is currently owned by hedge funds and other institutional investors.
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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