Pacer Advisors Inc. Purchases 96,512 Shares of Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK)

Pacer Advisors Inc. lifted its position in shares of Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) by 39.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 339,548 shares of the financial services provider’s stock after acquiring an additional 96,512 shares during the quarter. Pacer Advisors Inc. owned approximately 1.33% of Landmark Infrastructure Partners LP Unit worth $3,362,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in LMRK. Price Wealth LLC bought a new stake in shares of Landmark Infrastructure Partners LP Unit during the first quarter worth $83,000. LexAurum Advisors LLC bought a new stake in shares of Landmark Infrastructure Partners LP Unit during the second quarter worth $112,000. Pasadena Private Wealth LLC bought a new stake in shares of Landmark Infrastructure Partners LP Unit during the first quarter worth $150,000. Advisor Group Holdings Inc. bought a new stake in shares of Landmark Infrastructure Partners LP Unit during the first quarter worth $185,000. Finally, Hunter Perkins Capital Management LLC bought a new stake in shares of Landmark Infrastructure Partners LP Unit during the second quarter worth $202,000. Institutional investors own 15.22% of the company’s stock.

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

Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) last posted its earnings results on Thursday, May 7th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.10. Landmark Infrastructure Partners LP Unit had a return on equity of 12.44% and a net margin of 21.43%. The firm had revenue of $15.68 million during the quarter, compared to analysts’ expectations of $15.86 million. Sell-side analysts forecast that Landmark Infrastructure Partners LP Unit will post 0.25 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Tuesday, August 4th will be paid a $0.20 dividend. The ex-dividend date is Monday, August 3rd. This represents a $0.80 dividend on an annualized basis and a yield of 7.74%. Landmark Infrastructure Partners LP Unit’s payout ratio is 123.08%.

A number of equities research analysts recently commented on LMRK shares. B. Riley decreased their price objective on Landmark Infrastructure Partners LP Unit from $20.00 to $15.00 and set a “buy” rating for the company in a research note 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 for the company in a research note on Thursday, May 7th. BidaskClub raised Landmark Infrastructure Partners LP Unit from a “sell” rating to a “hold” rating in a research note on Friday. Finally, Royal Bank of Canada cut Landmark Infrastructure Partners LP Unit from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $17.00 to $9.00 in a research note on Thursday, April 23rd. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $13.25.

Landmark Infrastructure Partners LP Unit Company Profile

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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Institutional Ownership by Quarter for Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK)

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