Landmark Infrastructure Partners’ (LMRK) Buy Rating Reaffirmed at Royal Bank of Canada
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%.
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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.
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