Landmark Infrastructure Partners LP Unit (LMRK) Upgraded at BidaskClub

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BidaskClub upgraded shares of Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) from a hold rating to a buy rating in a report published on Friday.

A number of other research firms also recently issued reports on LMRK. ValuEngine raised shares of Landmark Infrastructure Partners LP Unit from a sell rating to a hold rating in a report on Thursday, October 11th. Zacks Investment Research downgraded shares of Landmark Infrastructure Partners LP Unit from a hold rating to a sell rating in a report on Wednesday, December 12th. B. Riley reaffirmed a buy rating on shares of Landmark Infrastructure Partners LP Unit in a report on Thursday, November 8th. Finally, Royal Bank of Canada set a $17.00 price objective on shares of Landmark Infrastructure Partners LP Unit and gave the stock a buy rating in a report on Monday, November 26th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of Buy and an average price target of $18.70.

Shares of LMRK stock opened at $14.20 on Friday. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 1.44. Landmark Infrastructure Partners LP Unit has a 12-month low of $10.32 and a 12-month high of $18.50. The company has a market cap of $373.68 million, a PE ratio of 21.85, a P/E/G ratio of 3.71 and a beta of 0.49.

Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) last released its quarterly earnings data on Wednesday, November 7th. The financial services provider reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. Landmark Infrastructure Partners LP Unit had a net margin of 196.88% and a return on equity of 15.05%. The business had revenue of $17.56 million during the quarter, compared to analyst estimates of $18.40 million. Equities analysts forecast that Landmark Infrastructure Partners LP Unit will post 0.57 earnings per share for the current fiscal year.

In other news, insider Arthur P. Brazy, Jr. acquired 2,550 shares of the firm’s stock in a transaction on Friday, December 21st. The shares were purchased at an average price of $11.69 per share, for a total transaction of $29,809.50. Following the completion of the transaction, the insider now owns 160,502 shares of the company’s stock, valued at $1,876,268.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Landmark Dividend Llc acquired 51,602 shares of the firm’s stock in a transaction on Tuesday, November 20th. The stock was purchased at an average price of $13.16 per share, for a total transaction of $679,082.32. The disclosure for this purchase can be found here. Insiders acquired 259,552 shares of company stock valued at $3,476,568 over the last three months. 0.65% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the business. Sapphire Star Partners LP increased its position in shares of Landmark Infrastructure Partners LP Unit by 17.1% in the third quarter. Sapphire Star Partners LP now owns 49,159 shares of the financial services provider’s stock valued at $681,000 after acquiring an additional 7,182 shares during the period. Bank of America Corp DE increased its position in shares of Landmark Infrastructure Partners LP Unit by 579.3% in the second quarter. Bank of America Corp DE now owns 12,866 shares of the financial services provider’s stock valued at $178,000 after acquiring an additional 10,972 shares during the period. Raymond James & Associates increased its position in shares of Landmark Infrastructure Partners LP Unit by 3.4% in the second quarter. Raymond James & Associates now owns 344,239 shares of the financial services provider’s stock valued at $4,768,000 after acquiring an additional 11,237 shares during the period. Pwmco LLC purchased a new position in shares of Landmark Infrastructure Partners LP Unit in the third quarter valued at about $283,000. Finally, Renaissance Technologies LLC purchased a new position in shares of Landmark Infrastructure Partners LP Unit in the third quarter valued at about $367,000. Hedge funds and other institutional investors own 19.10% of the company’s stock.

Landmark Infrastructure Partners LP Unit Company Profile

Landmark Infrastructure Partners LP acquires, owns, and manages a portfolio of real property interests and infrastructure assets in the United States. The company leases its real property interests and infrastructure assets to companies operating in the wireless communication, outdoor advertising, and renewable power generation industries.

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