Landmark Infrastructure Partners LP (NASDAQ:LMRK) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Friday.

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. “

LMRK has been the subject of several other research reports. RBC Capital Markets reissued an “outperform” rating and issued a $20.00 price objective (up previously from $17.00) on shares of Landmark Infrastructure Partners in a research note on Thursday, August 11th. Royal Bank Of Canada raised their target price on shares of Landmark Infrastructure Partners from $17.00 to $20.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 10th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $19.50.

Shares of Landmark Infrastructure Partners (NASDAQ:LMRK) opened at 14.60 on Friday. The company has a market capitalization of $328.84 million, a PE ratio of 78.49 and a beta of 0.50. 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 $16.76 and a 200-day moving average price of $16.67.

Landmark Infrastructure Partners (NASDAQ:LMRK) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.10. The firm earned $8.80 million during the quarter, compared to the consensus estimate of $10.22 million. Landmark Infrastructure Partners had a return on equity of 4.50% and a net margin of 7.44%. Analysts forecast that Landmark Infrastructure Partners will post $0.03 EPS for the current year.

The business also recently announced a dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Monday, November 7th will be given a dividend of $0.3375 per share. The ex-dividend date is Thursday, November 3rd. This is a positive change from Landmark Infrastructure Partners’s previous dividend of $0.33. Landmark Infrastructure Partners’s dividend payout ratio (DPR) is 642.86%.

Institutional investors have recently modified their holdings of the company. Sanders Morris Harris Inc. raised its position in shares of Landmark Infrastructure Partners by 7.0% in the second quarter. Sanders Morris Harris Inc. now owns 30,680 shares of the company’s stock valued at $505,000 after buying an additional 2,000 shares during the last quarter. Blair William & Co. IL acquired a new position in shares of Landmark Infrastructure Partners during the second quarter valued at about $202,000. A. D. Beadell Investment Counsel Inc. acquired a new position in shares of Landmark Infrastructure Partners during the second quarter valued at about $179,000. Berson & Corrado Investment Advisors LLC acquired a new position in shares of Landmark Infrastructure Partners during the second quarter valued at about $560,000. Finally, CENTRAL TRUST Co acquired a new position in shares of Landmark Infrastructure Partners during the third quarter valued at about $112,000. 7.31% of the stock is currently owned by institutional investors and hedge funds.

Landmark Infrastructure Partners Company Profile

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

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