Analysts Set Landmark Infrastructure Partners LP Unit (LMRK) Target Price at $18.17

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Shares of Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) have been assigned a consensus rating of “Buy” from the eight ratings firms that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $18.17.

Several analysts have issued reports on the company. BidaskClub upgraded Landmark Infrastructure Partners LP Unit from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 27th. ValuEngine upgraded Landmark Infrastructure Partners LP Unit from a “sell” rating to a “hold” rating in a research note on Thursday, October 11th. Zacks Investment Research cut Landmark Infrastructure Partners LP Unit from a “hold” rating to a “sell” rating in a research note on Friday, November 9th. B. Riley restated a “buy” rating on shares of Landmark Infrastructure Partners LP Unit in a research note on Thursday, November 8th. Finally, Royal Bank of Canada set a $17.00 price objective on Landmark Infrastructure Partners LP Unit and gave the company a “buy” rating in a research note on Monday, November 26th.

LMRK traded down $0.45 on Monday, reaching $14.20. The company’s stock had a trading volume of 161,649 shares, compared to its average volume of 174,550. The company has a market capitalization of $373.68 million, a P/E ratio of 21.85, a P/E/G ratio of 3.71 and a beta of 0.49. Landmark Infrastructure Partners LP Unit has a 1 year low of $10.32 and a 1 year high of $18.50. The company has a debt-to-equity ratio of 1.44, a quick ratio of 2.34 and a current ratio of 2.34.

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

In related news, insider Arthur P. Brazy, Jr. purchased 2,550 shares of the company’s stock in a transaction dated Friday, December 21st. The shares were acquired at an average cost of $11.69 per share, for a total transaction of $29,809.50. Following the transaction, the insider now owns 160,502 shares of the company’s stock, valued at $1,876,268.38. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Arthur P. Brazy, Jr. purchased 19,000 shares of the company’s stock in a transaction dated Friday, November 9th. The shares were bought at an average price of $12.59 per share, for a total transaction of $239,210.00. Following the completion of the transaction, the insider now directly owns 157,952 shares in the company, valued at approximately $1,988,615.68. The disclosure for this purchase can be found here. Insiders have acquired 259,552 shares of company stock worth $3,476,568 in the last 90 days. 0.65% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the company. Bank of America Corp DE raised its position in shares of Landmark Infrastructure Partners LP Unit by 579.3% during the 2nd quarter. Bank of America Corp DE now owns 12,866 shares of the financial services provider’s stock worth $178,000 after purchasing an additional 10,972 shares during the period. Pwmco LLC acquired a new stake in shares of Landmark Infrastructure Partners LP Unit during the 3rd quarter worth approximately $283,000. Renaissance Technologies LLC acquired a new stake in shares of Landmark Infrastructure Partners LP Unit during the 3rd quarter worth approximately $367,000. Marshall Wace LLP acquired a new stake in shares of Landmark Infrastructure Partners LP Unit during the 3rd quarter worth approximately $474,000. Finally, Sapphire Star Partners LP raised its position in shares of Landmark Infrastructure Partners LP Unit by 17.1% during the 3rd quarter. Sapphire Star Partners LP now owns 49,159 shares of the financial services provider’s stock worth $681,000 after purchasing an additional 7,182 shares during the period. Institutional investors and hedge funds own 19.10% of the company’s stock.

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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