Landmark Infrastructure Partners LP (LMRK) Downgraded by BidaskClub to “Hold”
Landmark Infrastructure Partners LP (NASDAQ:LMRK) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Friday.
LMRK has been the topic of a number of other research reports. Zacks Investment Research downgraded Landmark Infrastructure Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, May 10th. Royal Bank Of Canada reiterated a “buy” rating and set a $19.00 price target on shares of Landmark Infrastructure Partners in a research report on Wednesday. Finally, FBR & Co set a $18.00 price target on Landmark Infrastructure Partners and gave the stock a “buy” rating in a research report on Saturday, May 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $18.33.
Shares of Landmark Infrastructure Partners (NASDAQ:LMRK) opened at 16.45 on Friday. Landmark Infrastructure Partners has a 52 week low of $12.55 and a 52 week high of $18.44. The company’s 50-day moving average price is $16.69 and its 200 day moving average price is $15.80. The company has a market cap of $376.44 million, a P/E ratio of 31.51 and a beta of 0.42.
Landmark Infrastructure Partners (NASDAQ:LMRK) last issued its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $12.80 million for the quarter, compared to analysts’ expectations of $13.63 million. Landmark Infrastructure Partners had a return on equity of 9.69% and a net margin of 26.38%. Equities research analysts anticipate that Landmark Infrastructure Partners will post $0.34 earnings per share for the current fiscal year.
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In other Landmark Infrastructure Partners news, insider George P. Doyle purchased 4,000 shares of the stock in a transaction on Monday, May 22nd. The shares were bought at an average price of $15.95 per share, for a total transaction of $63,800.00. Following the completion of the transaction, the insider now owns 9,202 shares of the company’s stock, valued at approximately $146,771.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Arthur P. Brazy, Jr. purchased 7,000 shares of the stock in a transaction on Tuesday, May 23rd. The shares were acquired at an average price of $15.88 per share, for a total transaction of $111,160.00. Following the transaction, the insider now directly owns 76,981 shares of the company’s stock, valued at approximately $1,222,458.28. The disclosure for this purchase can be found here. Corporate insiders own 0.65% of the company’s stock.
Several institutional investors have recently made changes to their positions in the stock. US Bancorp DE purchased a new position in shares of Landmark Infrastructure Partners during the second quarter worth approximately $160,000. Goldman Sachs Group Inc. purchased a new position in shares of Landmark Infrastructure Partners during the first quarter worth approximately $165,000. Kayne Anderson Capital Advisors LP purchased a new position in shares of Landmark Infrastructure Partners during the second quarter worth approximately $200,000. A. D. Beadell Investment Counsel Inc. boosted its position in shares of Landmark Infrastructure Partners by 27.5% in the second quarter. A. D. Beadell Investment Counsel Inc. now owns 13,900 shares of the financial services provider’s stock worth $222,000 after buying an additional 3,000 shares during the last quarter. Finally, 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. 21.07% of the stock is owned by institutional investors and hedge funds.
About Landmark Infrastructure Partners
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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