Landmark Infrastructure Partners LP Unit (LMRK) Raised to Buy at BidaskClub

Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Wednesday, March 27th, BidAskClub reports.

Separately, Zacks Investment Research raised Landmark Infrastructure Partners LP Unit from a “sell” rating to a “hold” rating in a research report on Thursday, February 21st. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $17.00.

NASDAQ:LMRK traded up $0.03 during trading on Wednesday, reaching $16.20. The company’s stock had a trading volume of 47,871 shares, compared to its average volume of 134,775. The company has a market capitalization of $410.48 million, a PE ratio of 28.42, a price-to-earnings-growth ratio of 5.96 and a beta of 0.85. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.62 and a quick ratio of 1.62. Landmark Infrastructure Partners LP Unit has a 12 month low of $10.32 and a 12 month high of $17.30.

Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) last announced its quarterly earnings data on Wednesday, February 20th. The financial services provider reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.33). The business had revenue of $14.71 million during the quarter, compared to the consensus estimate of $16.60 million. Landmark Infrastructure Partners LP Unit had a net margin of 178.49% and a return on equity of 10.01%. Sell-side analysts anticipate that Landmark Infrastructure Partners LP Unit will post 0.54 earnings per share for the current year.

In related news, Director Gerald A. Tywoniuk sold 1,913 shares of the stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $14.50, for a total transaction of $27,738.50. Following the sale, the director now owns 3,271 shares of the company’s stock, valued at approximately $47,429.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.65% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of LMRK. Green Square Capital LLC increased its stake in Landmark Infrastructure Partners LP Unit by 3.4% in the 4th quarter. Green Square Capital LLC now owns 1,308,786 shares of the financial services provider’s stock worth $15,090,000 after acquiring an additional 43,424 shares during the last quarter. Corundum Group Inc. bought a new position in Landmark Infrastructure Partners LP Unit in the 4th quarter worth about $498,000. Marshall Wace LLP bought a new position in Landmark Infrastructure Partners LP Unit in the 3rd quarter worth about $474,000. Renaissance Technologies LLC bought a new position in Landmark Infrastructure Partners LP Unit in the 3rd quarter worth about $367,000. Finally, Virtu Financial LLC bought a new position in Landmark Infrastructure Partners LP Unit in the 4th quarter worth about $254,000. 17.84% of the stock is currently owned by institutional investors and hedge funds.

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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