Landmark Infrastructure Partners LP (LMRK) Plans Dividend Increase – $0.35 Per Share
Landmark Infrastructure Partners LP (NASDAQ:LMRK) announced a dividend on Thursday, April 20th. Investors of record on Monday, May 1st will be given a dividend of 0.3525 per share by the financial services provider on Monday, May 15th. The ex-dividend date of this dividend is Thursday, April 27th. This is a boost from Landmark Infrastructure Partners’s previous dividend of $0.34.
Landmark Infrastructure Partners (NASDAQ:LMRK) traded up 1.61% during mid-day trading on Friday, reaching $15.80. 57,306 shares of the company were exchanged. The company’s 50 day moving average price is $15.13 and its 200-day moving average price is $15.45. The stock has a market capitalization of $356.95 million, a P/E ratio of 38.54 and a beta of 0.39. Landmark Infrastructure Partners has a 12 month low of $12.55 and a 12 month high of $18.44.
Landmark Infrastructure Partners (NASDAQ:LMRK) last announced its earnings results on Thursday, February 23rd. The financial services provider reported $0.34 EPS for the quarter, topping the consensus estimate of $0.06 by $0.28. Landmark Infrastructure Partners had a net margin of 7.44% and a return on equity of 4.50%. The company earned $11.81 million during the quarter, compared to analysts’ expectations of $11.92 million. On average, equities analysts expect that Landmark Infrastructure Partners will post $0.73 earnings per share for the current fiscal year.
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Several brokerages have commented on LMRK. Zacks Investment Research upgraded shares of Landmark Infrastructure Partners from a “hold” rating to a “strong-buy” rating and set a $18.00 target price for the company in a report on Tuesday, February 28th. FBR & Co reiterated an “outperform” rating and issued a $20.00 target price (down from $22.00) on shares of Landmark Infrastructure Partners in a report on Friday, February 24th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Landmark Infrastructure Partners presently has an average rating of “Buy” and a consensus price target of $19.33.
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In other news, insider George P. Doyle bought 3,000 shares of the firm’s stock in a transaction on Friday, March 10th. The stock was bought at an average cost of $14.90 per share, for a total transaction of $44,700.00. Following the completion of the acquisition, the insider now directly owns 9,202 shares in the company, valued at approximately $137,109.80. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, insider George P. Doyle bought 2,800 shares of the firm’s stock in a transaction on Thursday, March 9th. The stock was purchased at an average price of $14.25 per share, with a total value of $39,900.00. Following the completion of the acquisition, the insider now owns 9,202 shares of the company’s stock, valued at $131,128.50. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 7,832 shares of company stock valued at $116,524.
Landmark Infrastructure Partners Company Profile
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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