Landmark Infrastructure Partners LP (NASDAQ:LMRK) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “Landmark Infrastructure Partners LP is a master limited partnership company which focuses on acquiring, owning and managing a portfolio of real property interests. The company lease its properties to wireless communication, outdoor advertising and renewable power generation industries. Landmark Infrastructure Partners LP is based in El Segundo, California. “

A number of other research firms also recently issued reports on LMRK. Royal Bank Of Canada raised their price target on Landmark Infrastructure Partners from $17.00 to $20.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 10th. RBC Capital Markets restated an “outperform” rating and issued a $20.00 price target (up from $17.00) on shares of Landmark Infrastructure Partners in a research note on Thursday, August 11th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $19.50.

Landmark Infrastructure Partners (NASDAQ:LMRK) opened at 17.05 on Wednesday. Landmark Infrastructure Partners has a 12-month low of $11.52 and a 12-month high of $18.44. The stock has a 50 day moving average price of $17.71 and a 200-day moving average price of $16.58. The stock has a market capitalization of $260.69 million, a PE ratio of 173.98 and a beta of 0.46.

Landmark Infrastructure Partners (NASDAQ:LMRK) last released its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.20. The firm earned $7 million during the quarter, compared to analysts’ expectations of $9.13 million. Landmark Infrastructure Partners had a return on equity of 2.73% and a net margin of 5.88%. On average, equities analysts anticipate that Landmark Infrastructure Partners will post $0.51 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in LMRK. Raymond James & Associates increased its position in Landmark Infrastructure Partners by 6.5% in the second quarter. Raymond James & Associates now owns 74,357 shares of the company’s stock valued at $1,224,000 after buying an additional 4,564 shares during the period. Avenir Corp acquired a new stake in Landmark Infrastructure Partners during the second quarter worth approximately $1,033,000. Berson & Corrado Investment Advisors LLC boosted its stake in Landmark Infrastructure Partners by 31.3% in the third quarter. Berson & Corrado Investment Advisors LLC now owns 44,685 shares of the company’s stock worth $785,000 after buying an additional 10,660 shares in the last quarter. Sanders Morris Harris Inc. boosted its stake in Landmark Infrastructure Partners by 7.0% in the second quarter. Sanders Morris Harris Inc. now owns 30,680 shares of the company’s stock worth $505,000 after buying an additional 2,000 shares in the last quarter. Finally, Usca Ria LLC boosted its stake in Landmark Infrastructure Partners by 0.3% in the second quarter. Usca Ria LLC now owns 12,560 shares of the company’s stock worth $207,000 after buying an additional 33 shares in the last quarter. Institutional investors own 8.80% of the company’s stock.

About Landmark Infrastructure Partners

Landmark Infrastructure Partners LP is engaged in acquiring, owning and managing a portfolio of real property interests. The Company leases its properties to companies in the wireless communication, outdoor advertising and renewable power generation industries. Its segments include Wireless Communication, Outdoor Advertising, Renewable Power Generation and Corporate.

5 Day Chart for NASDAQ:LMRK

Receive News & Stock Ratings for Landmark Infrastructure Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Landmark Infrastructure Partners LP and related stocks with our FREE daily email newsletter.