Landmark Infrastructure Partners (LMRK) Upgraded to “Hold” by Zacks Investment Research

Zacks Investment Research upgraded shares of Landmark Infrastructure Partners (NASDAQ:LMRK) from a sell rating to a hold rating in a research report sent to investors on Thursday morning.

According to Zacks, “Landmark Infrastructure Partners LP is a master limited partnership company which focuses on acquiring, owning and managing a portfolio of real property interests. The company lease its properties to wireless communication, outdoor advertising and renewable power generation industries. Landmark Infrastructure Partners LP is based in El Segundo, California. “

Several other brokerages also recently commented on LMRK. BidaskClub upgraded shares of Landmark Infrastructure Partners from a sell rating to a hold rating in a report on Thursday, December 14th. Royal Bank of Canada reiterated a buy rating and issued a $19.00 target price on shares of Landmark Infrastructure Partners in a report on Tuesday, November 7th. Finally, B. Riley reiterated a buy rating on shares of Landmark Infrastructure Partners in a 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 company’s stock. The company currently has an average rating of Buy and an average target price of $18.50.

Shares of Landmark Infrastructure Partners (NASDAQ LMRK) traded up $0.25 on Thursday, reaching $18.40. 50,800 shares of the company traded hands, compared to its average volume of 48,300. The company has a market cap of $359.10, a P/E ratio of 32.86 and a beta of 0.41. Landmark Infrastructure Partners has a 12-month low of $14.20 and a 12-month high of $18.64. The company has a quick ratio of 3.93, a current ratio of 3.93 and a debt-to-equity ratio of 2.88.

In related news, insider Arthur P. Brazy, Jr. acquired 6,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were bought 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 approximately $1,366,284.24. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.65% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Blair William & Co. IL increased its holdings in shares of Landmark Infrastructure Partners by 5.2% during the 2nd quarter. Blair William & Co. IL now owns 19,571 shares of the financial services provider’s stock worth $313,000 after purchasing an additional 971 shares during the period. Royal Bank of Canada increased its holdings in shares of Landmark Infrastructure Partners by 16.4% during the 2nd quarter. Royal Bank of Canada now owns 13,400 shares of the financial services provider’s stock worth $214,000 after purchasing an additional 1,885 shares during the period. A. D. Beadell Investment Counsel Inc. increased its holdings in shares of Landmark Infrastructure Partners by 31.3% during the 3rd quarter. A. D. Beadell Investment Counsel Inc. now owns 18,250 shares of the financial services provider’s stock worth $309,000 after purchasing an additional 4,350 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Landmark Infrastructure Partners by 127.1% during the 3rd quarter. Wells Fargo & Company MN now owns 7,951 shares of the financial services provider’s stock worth $134,000 after purchasing an additional 4,450 shares during the period. Finally, Raymond James Trust N.A. increased its holdings in shares of Landmark Infrastructure Partners by 29.5% during the 2nd quarter. Raymond James Trust N.A. now owns 21,939 shares of the financial services provider’s stock worth $351,000 after purchasing an additional 5,000 shares during the period. Institutional investors own 28.50% 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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