Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) to Issue $0.20 Quarterly Dividend

Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) declared a quarterly dividend on Friday, July 24th, Zacks reports. Investors of record on Tuesday, August 4th will be paid a dividend of 0.20 per share by the financial services provider on Friday, August 14th. This represents a $0.80 dividend on an annualized basis and a yield of 7.74%. The ex-dividend date is Monday, August 3rd.

Landmark Infrastructure Partners LP Unit has increased its dividend payment by an average of 10.9% per year over the last three years and has increased its dividend every year for the last 3 years. Landmark Infrastructure Partners LP Unit has a payout ratio of -1,000.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Landmark Infrastructure Partners LP Unit to earn $0.19 per share next year, which means the company may not be able to cover its $0.80 annual dividend with an expected future payout ratio of 421.1%.

Shares of NASDAQ:LMRK opened at $10.34 on Friday. The stock’s 50-day moving average is $9.73 and its 200 day moving average is $11.97. The company has a debt-to-equity ratio of 2.33, a current ratio of 2.60 and a quick ratio of 2.60. The company has a market cap of $259.62 million, a PE ratio of 18.20 and a beta of 1.10. Landmark Infrastructure Partners LP Unit has a 1 year low of $7.05 and a 1 year high of $18.45.

Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) last posted its quarterly earnings data on Thursday, May 7th. The financial services provider reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.10. The business had revenue of $15.68 million for the quarter, compared to analysts’ expectations of $15.86 million. Landmark Infrastructure Partners LP Unit had a return on equity of 12.44% and a net margin of 21.43%. Analysts expect that Landmark Infrastructure Partners LP Unit will post 0.25 EPS for the current fiscal year.

Several analysts have weighed in on LMRK shares. B. Riley cut their price objective on Landmark Infrastructure Partners LP Unit from $20.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, April 22nd. Zacks Investment Research raised Landmark Infrastructure Partners LP Unit from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research report on Thursday, May 7th. Royal Bank of Canada cut Landmark Infrastructure Partners LP Unit from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from $17.00 to $9.00 in a research report on Thursday, April 23rd. Finally, BidaskClub raised Landmark Infrastructure Partners LP Unit from a “sell” rating to a “hold” rating in a research report on Friday. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $13.25.

About Landmark Infrastructure Partners LP Unit

Landmark Infrastructure Partners LP engages in the acquisition, ownership, and management of portfolio of real property interests. It operates through the following business segments: Wireless Communication, Outdoor Advertising, and Renewable Power Generation. The Wireless Communication segment involves the leasing real property interests to companies in the wireless communication industry.

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Dividend History for Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK)

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