Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) Sees Large Increase in Short Interest

Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 85,600 shares, an increase of 30.5% from the September 15th total of 65,600 shares. Based on an average daily volume of 73,900 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.4% of the company’s shares are sold short.

A number of equities analysts recently commented on LMRK shares. BidaskClub upgraded shares of Landmark Infrastructure Partners LP Unit from a “hold” rating to a “buy” rating in a research note on Tuesday, September 24th. ValuEngine downgraded shares of Landmark Infrastructure Partners LP Unit from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Finally, Zacks Investment Research upgraded shares of Landmark Infrastructure Partners LP Unit from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Friday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Landmark Infrastructure Partners LP Unit currently has an average rating of “Buy” and an average target price of $18.50.

Shares of NASDAQ:LMRK traded up $0.19 on Monday, reaching $17.99. The company’s stock had a trading volume of 120,700 shares, compared to its average volume of 103,837. The stock’s 50-day moving average is $17.36 and its two-hundred day moving average is $16.40. Landmark Infrastructure Partners LP Unit has a 52-week low of $10.32 and a 52-week high of $18.25. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.93 and a quick ratio of 1.93. The stock has a market capitalization of $452.30 million, a P/E ratio of 31.56, a PEG ratio of 7.07 and a beta of 0.95.

Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) last announced its earnings results on Wednesday, August 7th. The financial services provider reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. Landmark Infrastructure Partners LP Unit had a net margin of 193.25% and a return on equity of 8.75%. The business had revenue of $15.03 million during the quarter, compared to analysts’ expectations of $15.02 million. Equities analysts forecast that Landmark Infrastructure Partners LP Unit will post 0.5 earnings per share for the current fiscal year.

The firm also recently announced a dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, November 4th will be issued a $0.3675 dividend. This is a boost from Landmark Infrastructure Partners LP Unit’s previous dividend of $0.34. The ex-dividend date is Friday, November 1st. Landmark Infrastructure Partners LP Unit’s dividend payout ratio is presently 257.89%.

Large investors have recently made changes to their positions in the company. Coastal Investment Advisors Inc. purchased a new position in Landmark Infrastructure Partners LP Unit during the second quarter worth about $51,000. HighTower Advisors LLC increased its holdings in Landmark Infrastructure Partners LP Unit by 6,721.0% in the second quarter. HighTower Advisors LLC now owns 922,399 shares of the financial services provider’s stock valued at $15,540,000 after buying an additional 908,876 shares in the last quarter. Advisor Group Inc. increased its holdings in Landmark Infrastructure Partners LP Unit by 24.9% in the second quarter. Advisor Group Inc. now owns 6,194 shares of the financial services provider’s stock valued at $105,000 after buying an additional 1,234 shares in the last quarter. Royal Bank of Canada increased its holdings in Landmark Infrastructure Partners LP Unit by 19.7% in the second quarter. Royal Bank of Canada now owns 85,900 shares of the financial services provider’s stock valued at $1,448,000 after buying an additional 14,157 shares in the last quarter. Finally, Evercore Wealth Management LLC purchased a new position in Landmark Infrastructure Partners LP Unit in the second quarter valued at about $192,000. 15.56% of the stock is owned by institutional investors and hedge funds.

Landmark Infrastructure Partners LP Unit Company Profile

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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