Landmark Infrastructure Partners LP (NASDAQ:LMRK)‘s stock had its “buy” rating reiterated by equities research analysts at Royal Bank of Canada in a research note issued on Thursday. They presently have a $17.00 target price on the financial services provider’s stock. Royal Bank of Canada’s price target would suggest a potential upside of 8.28% from the stock’s current price.

Several other analysts also recently weighed in on LMRK. FBR & Co restated an “outperform” rating and set a $20.00 price objective (down from $22.00) on shares of Landmark Infrastructure Partners in a research report on Friday, February 24th. Zacks Investment Research raised 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.

Shares of Landmark Infrastructure Partners (NASDAQ:LMRK) traded down 0.32% during mid-day trading on Thursday, reaching $15.65. The company had a trading volume of 55,092 shares. The company has a market cap of $357.16 million, a price-to-earnings ratio of 31.18 and a beta of 0.39. Landmark Infrastructure Partners has a 52-week low of $12.55 and a 52-week high of $18.44. The firm’s 50-day moving average price is $15.60 and its 200 day moving average price is $15.25.

Landmark Infrastructure Partners (NASDAQ:LMRK) last announced its quarterly earnings data on Thursday, May 4th. The financial services provider reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.18 by $0.09. Landmark Infrastructure Partners had a return on equity of 4.50% and a net margin of 7.44%. The business had revenue of $12.20 million for the quarter, compared to the consensus estimate of $12.56 million. Equities analysts expect that Landmark Infrastructure Partners will post $0.47 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Monday, May 1st were issued a $0.3525 dividend. This represents a $1.41 dividend on an annualized basis and a yield of 8.98%. The ex-dividend date of this dividend was Thursday, April 27th. This is a boost from Landmark Infrastructure Partners’s previous quarterly dividend of $0.34. Landmark Infrastructure Partners’s dividend payout ratio is presently 666.67%.

COPYRIGHT VIOLATION NOTICE: This news story was posted by American Banking News and is owned by of American Banking News. If you are accessing this news story on another site, it was copied illegally and republished in violation of United States & international copyright & trademark laws. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2017/05/25/landmark-infrastructure-partners-lmrk-buy-rating-reaffirmed-at-royal-bank-of-canada.html.

In other news, insider Arthur P. Brazy, Jr. bought 7,000 shares of the stock in a transaction on Tuesday, May 23rd. The stock was acquired at an average price of $15.88 per share, with a total value of $111,160.00. Following the acquisition, the insider now directly owns 76,981 shares in the company, valued at $1,222,458.28. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider George P. Doyle bought 2,800 shares of the stock in a transaction on Thursday, March 9th. The stock was purchased at an average cost of $14.25 per share, with a total value of $39,900.00. Following the acquisition, the insider now owns 9,202 shares in the company, valued at $131,128.50. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 16,800 shares of company stock valued at $259,560.

A number of institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. purchased a new position in shares of Landmark Infrastructure Partners during the first quarter worth about $165,000. Osterweis Capital Management Inc. purchased a new position in shares of Landmark Infrastructure Partners during the fourth quarter worth about $220,000. Morgan Stanley boosted its position in shares of Landmark Infrastructure Partners by 77.2% in the first quarter. Morgan Stanley now owns 14,940 shares of the financial services provider’s stock worth $223,000 after buying an additional 6,507 shares during the last quarter. Wedbush Securities Inc. boosted its position in shares of Landmark Infrastructure Partners by 17.2% in the first quarter. Wedbush Securities Inc. now owns 16,500 shares of the financial services provider’s stock worth $247,000 after buying an additional 2,418 shares during the last quarter. Finally, Raymond James Trust N.A. purchased a new position in shares of Landmark Infrastructure Partners during the first quarter worth about $253,000. 12.19% of the stock is owned by institutional investors and hedge funds.

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.

12 Month Chart for NASDAQ:LMRK

Receive News & Ratings for Landmark Infrastructure Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Landmark Infrastructure Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.