Landmark Infrastructure Partners LP (LMRK) Downgraded by Zacks Investment Research to Sell
Landmark Infrastructure Partners LP (NASDAQ:LMRK) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.
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. “
A number of other equities analysts also recently issued reports on LMRK. RBC Capital Markets reaffirmed an “outperform” rating and set a $20.00 price target (up from $17.00) on shares of Landmark Infrastructure Partners in a research report on Thursday, August 11th. Royal Bank Of Canada upped their price target on Landmark Infrastructure Partners from $17.00 to $20.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 10th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Landmark Infrastructure Partners currently has an average rating of “Buy” and an average price target of $19.50.
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Shares of Landmark Infrastructure Partners (NASDAQ:LMRK) opened at 17.05 on Wednesday. Landmark Infrastructure Partners has a 12-month low of $11.52 and a 12-month high of $18.44. The company has a market capitalization of $260.69 million, a PE ratio of 173.98 and a beta of 0.46. The firm’s 50-day moving average price is $17.71 and its 200-day moving average price is $16.58.
Landmark Infrastructure Partners (NASDAQ:LMRK) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by $0.20. The business had revenue of $7 million for the quarter, compared to analyst estimates of $9.13 million. Landmark Infrastructure Partners had a return on equity of 2.73% and a net margin of 5.88%. On average, analysts expect that Landmark Infrastructure Partners will post $0.51 EPS for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its position in Landmark Infrastructure Partners by 20.4% in the second quarter. Royal Bank of Canada now owns 8,565 shares of the company’s stock valued at $141,000 after buying an additional 1,450 shares during the last quarter. A. D. Beadell Investment Counsel Inc. purchased a new position in Landmark Infrastructure Partners during the second quarter valued at about $179,000. Blair William & Co. IL purchased a new position in Landmark Infrastructure Partners during the second quarter valued at about $202,000. Usca Ria LLC increased its position in Landmark Infrastructure Partners by 0.3% in the second quarter. Usca Ria LLC now owns 12,560 shares of the company’s stock valued at $207,000 after buying an additional 33 shares during the last quarter. Finally, Sanders Morris Harris Inc. increased its position in Landmark Infrastructure Partners by 7.0% in the second quarter. Sanders Morris Harris Inc. now owns 30,680 shares of the company’s stock valued at $505,000 after buying an additional 2,000 shares during the last quarter. 8.80% of the stock is currently owned by hedge funds and other institutional investors.
Landmark Infrastructure Partners Company Profile
Landmark Infrastructure Partners LP is engaged in acquiring, owning and managing a portfolio of real property interests. The Company leases its properties to companies in the wireless communication, outdoor advertising and renewable power generation industries. Its segments include Wireless Communication, Outdoor Advertising, Renewable Power Generation and Corporate.
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