Landmark Infrastructure Partners LP Unit (LMRK) Downgraded by BidaskClub to Hold

Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

Several other equities research analysts have also issued reports on the company. ValuEngine upgraded Landmark Infrastructure Partners LP Unit from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 12th. Zacks Investment Research lowered Landmark Infrastructure Partners LP Unit from a “hold” rating to a “sell” rating in a report on Friday, August 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $19.10.

Shares of NASDAQ LMRK opened at $13.77 on Tuesday. Landmark Infrastructure Partners LP Unit has a one year low of $12.68 and a one year high of $18.75. The stock has a market cap of $353.84 million, a price-to-earnings ratio of 21.18, a price-to-earnings-growth ratio of 4.52 and a beta of 0.34. The company has a debt-to-equity ratio of 3.27, a current ratio of 1.65 and a quick ratio of 1.65.



Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) last announced its quarterly earnings results on Wednesday, August 1st. The financial services provider reported $0.12 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.12. The business had revenue of $16.80 million during the quarter, compared to analyst estimates of $16.90 million. Landmark Infrastructure Partners LP Unit had a return on equity of 15.73% and a net margin of 39.65%. Equities analysts expect that Landmark Infrastructure Partners LP Unit will post 0.62 EPS for the current year.

In related news, insider Arthur P. Brazy, Jr. acquired 8,100 shares of the business’s stock in a transaction that occurred on Friday, September 28th. The shares were acquired at an average cost of $13.79 per share, with a total value of $111,699.00. Following the purchase, the insider now owns 138,952 shares of the company’s stock, valued at $1,916,148.08. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Matthew P. Carbone acquired 14,000 shares of the business’s stock in a transaction that occurred on Thursday, October 4th. The stock was bought at an average cost of $14.10 per share, for a total transaction of $197,400.00. Following the completion of the purchase, the insider now directly owns 14,000 shares in the company, valued at approximately $197,400. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 23,848 shares of company stock valued at $332,872. 0.65% of the stock is owned by corporate insiders.

Several hedge funds have recently modified their holdings of LMRK. Brown Advisory Inc. raised its stake in shares of Landmark Infrastructure Partners LP Unit by 84.9% in the 1st quarter. Brown Advisory Inc. now owns 495,235 shares of the financial services provider’s stock valued at $8,245,000 after acquiring an additional 227,426 shares in the last quarter. Orinda Asset Management LLC raised its stake in shares of Landmark Infrastructure Partners LP Unit by 35.3% in the 2nd quarter. Orinda Asset Management LLC now owns 249,176 shares of the financial services provider’s stock valued at $3,452,000 after acquiring an additional 64,959 shares in the last quarter. Green Square Capital LLC raised its stake in shares of Landmark Infrastructure Partners LP Unit by 4.1% in the 2nd quarter. Green Square Capital LLC now owns 1,330,647 shares of the financial services provider’s stock valued at $18,429,000 after acquiring an additional 52,098 shares in the last quarter. Pwmco LLC bought a new position in shares of Landmark Infrastructure Partners LP Unit in the 3rd quarter valued at approximately $283,000. Finally, Cibc Bank USA bought a new position in shares of Landmark Infrastructure Partners LP Unit in the 2nd quarter valued at approximately $209,000. 19.06% of the stock is currently owned by institutional investors and hedge funds.

About Landmark Infrastructure Partners LP Unit

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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