Wall Street analysts forecast that Landmark Infrastructure Partners LP (NASDAQ:LMRK) will report sales of $15.76 million for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Landmark Infrastructure Partners’ earnings. The lowest sales estimate is $14.70 million and the highest is $17.44 million. Landmark Infrastructure Partners reported sales of $11.81 million during the same quarter last year, which indicates a positive year-over-year growth rate of 33.4%. The firm is expected to report its next earnings results on Thursday, February 22nd.
On average, analysts expect that Landmark Infrastructure Partners will report full-year sales of $15.76 million for the current fiscal year, with estimates ranging from $52.80 million to $55.94 million. For the next financial year, analysts forecast that the firm will post sales of $70.56 million per share, with estimates ranging from $65.95 million to $73.40 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Landmark Infrastructure Partners.
A number of research firms have commented on LMRK. B. Riley restated a “buy” rating on shares of Landmark Infrastructure Partners in a research note on Thursday, November 2nd. Zacks Investment Research cut shares of Landmark Infrastructure Partners from a “hold” rating to a “sell” rating in a research report on Wednesday. Royal Bank Of Canada reiterated a “buy” rating and set a $19.00 price objective on shares of Landmark Infrastructure Partners in a research report on Tuesday. Finally, BidaskClub cut shares of Landmark Infrastructure Partners from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. Landmark Infrastructure Partners currently has an average rating of “Hold” and a consensus price target of $18.50.
Hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN grew its holdings in shares of Landmark Infrastructure Partners by 127.1% in the third quarter. Wells Fargo & Company MN now owns 7,951 shares of the financial services provider’s stock valued at $134,000 after purchasing an additional 4,450 shares in the last quarter. US Bancorp DE purchased a new position in Landmark Infrastructure Partners during the second quarter worth $160,000. Goldman Sachs Group Inc. purchased a new position in Landmark Infrastructure Partners during the first quarter worth $165,000. Kayne Anderson Capital Advisors LP purchased a new position in Landmark Infrastructure Partners during the second quarter worth $200,000. Finally, Royal Bank of Canada boosted its stake in Landmark Infrastructure Partners by 16.4% during the second quarter. Royal Bank of Canada now owns 13,400 shares of the financial services provider’s stock worth $214,000 after buying an additional 1,885 shares during the period. 21.02% of the stock is owned by hedge funds and other institutional investors.
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Shares of Landmark Infrastructure Partners (NASDAQ:LMRK) opened at $17.35 on Friday. Landmark Infrastructure Partners has a one year low of $12.55 and a one year high of $18.15. The company has a market cap of $343.27, a P/E ratio of 25.51 and a beta of 0.45. The company has a current ratio of 3.93, a quick ratio of 3.93 and a debt-to-equity ratio of 2.88.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Investors of record on Wednesday, November 1st will be issued a $0.3575 dividend. The ex-dividend date is Tuesday, October 31st. This is a positive change from Landmark Infrastructure Partners’s previous quarterly dividend of $0.36. This represents a $1.43 dividend on an annualized basis and a dividend yield of 8.24%. Landmark Infrastructure Partners’s dividend payout ratio (DPR) is 255.36%.
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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