Shares of Landmark Infrastructure Partners LP (NASDAQ:LMRK) have been given a consensus recommendation of “Hold” by the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $18.90.
A number of brokerages recently weighed in on LMRK. B. Riley set a $20.00 price objective on Landmark Infrastructure Partners and gave the stock a “buy” rating in a report on Tuesday, February 20th. Robert W. Baird set a $19.00 price objective on Landmark Infrastructure Partners and gave the stock a “buy” rating in a report on Thursday, February 15th. BidaskClub raised Landmark Infrastructure Partners from a “sell” rating to a “hold” rating in a report on Thursday, December 14th. Zacks Investment Research raised Landmark Infrastructure Partners from a “sell” rating to a “hold” rating in a report on Thursday, January 4th. Finally, Wells Fargo & Co began coverage on Landmark Infrastructure Partners in a report on Monday, February 26th. They set a “market perform” rating and a $18.50 price objective on the stock.
Landmark Infrastructure Partners (LMRK) opened at $17.10 on Tuesday. The stock has a market capitalization of $366.00, a P/E ratio of 32.26 and a beta of 0.43. The company has a quick ratio of 6.44, a current ratio of 6.44 and a debt-to-equity ratio of 3.09. Landmark Infrastructure Partners has a twelve month low of $14.75 and a twelve month high of $18.75.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Monday, February 5th were issued a dividend of $0.3675 per share. This represents a $1.47 dividend on an annualized basis and a yield of 8.60%. The ex-dividend date of this dividend was Friday, February 2nd. This is a positive change from Landmark Infrastructure Partners’s previous quarterly dividend of $0.36. Landmark Infrastructure Partners’s dividend payout ratio is currently 277.36%.
Hedge funds have recently made changes to their positions in the stock. Wells Fargo & Company MN grew its holdings in Landmark Infrastructure Partners by 127.1% during the third quarter. Wells Fargo & Company MN now owns 7,951 shares of the financial services provider’s stock worth $134,000 after acquiring an additional 4,450 shares during the period. Royal Bank of Canada boosted its position in Landmark Infrastructure Partners by 16.4% during the second quarter. Royal Bank of Canada now owns 13,400 shares of the financial services provider’s stock worth $214,000 after purchasing an additional 1,885 shares in the last quarter. California Public Employees Retirement System purchased a new stake in Landmark Infrastructure Partners during the fourth quarter worth $377,000. Kayne Anderson Capital Advisors LP boosted its position in Landmark Infrastructure Partners by 87.2% during the third quarter. Kayne Anderson Capital Advisors LP now owns 23,400 shares of the financial services provider’s stock worth $396,000 after purchasing an additional 10,900 shares in the last quarter. Finally, Janus Henderson Group PLC purchased a new stake in Landmark Infrastructure Partners during the third quarter worth $426,000. 29.64% of the stock is currently owned by hedge funds and other institutional investors.
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.
Receive News & Ratings for Landmark Infrastructure Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Landmark Infrastructure Partners and related companies with MarketBeat.com's FREE daily email newsletter.