Zacks Investment Research cut shares of Landmark Infrastructure Partners LP (NASDAQ:LMRK) from a hold rating to a sell rating in a report released on Thursday.

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. “

Several other analysts have also commented on LMRK. FBR & Co set a $18.00 price objective on Landmark Infrastructure Partners and gave the company a buy rating in a report on Saturday, May 6th. Royal Bank Of Canada reiterated a buy rating and set a $17.00 price objective on shares of Landmark Infrastructure Partners in a report on Thursday, May 25th. Finally, BidaskClub upgraded Landmark Infrastructure Partners from a hold rating to a buy rating in a report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $18.33.

Shares of Landmark Infrastructure Partners (NASDAQ:LMRK) traded up 2.74% on Thursday, reaching $16.90. The company’s stock had a trading volume of 82,535 shares. The firm has a market capitalization of $386.74 million, a PE ratio of 32.38 and a beta of 0.42. Landmark Infrastructure Partners has a one year low of $12.55 and a one year high of $18.44. The firm has a 50-day moving average price of $16.69 and a 200 day moving average price of $15.80.

Landmark Infrastructure Partners (NASDAQ:LMRK) last announced its earnings results on Thursday, August 3rd. The financial services provider reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by $0.02. Landmark Infrastructure Partners had a net margin of 26.38% and a return on equity of 9.69%. The company had revenue of $12.80 million for the quarter, compared to the consensus estimate of $13.63 million. On average, analysts anticipate that Landmark Infrastructure Partners will post $0.34 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece on another domain, it was illegally stolen and reposted in violation of US & international copyright legislation. The original version of this piece can be accessed at https://www.thecerbatgem.com/2017/08/14/landmark-infrastructure-partners-lp-nasdaqlmrk-rating-lowered-to-sell-at-zacks-investment-research.html.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Tuesday, August 1st will be issued a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a dividend yield of 8.63%. The ex-dividend date is Friday, July 28th. This is a positive change from Landmark Infrastructure Partners’s previous quarterly dividend of $0.35. Landmark Infrastructure Partners’s dividend payout ratio is currently 262.96%.

In other Landmark Infrastructure Partners news, insider George P. Doyle acquired 4,000 shares of the firm’s stock in a transaction dated Monday, May 22nd. The stock was purchased at an average price of $15.95 per share, for a total transaction of $63,800.00. Following the acquisition, the insider now owns 9,202 shares in the company, valued at approximately $146,771.90. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Arthur P. Brazy, Jr. acquired 7,000 shares of the firm’s stock in a transaction dated Tuesday, May 23rd. The shares were acquired at an average price of $15.88 per share, with a total value of $111,160.00. Following the acquisition, the insider now owns 76,981 shares in the company, valued at approximately $1,222,458.28. The disclosure for this purchase can be found here. Corporate insiders own 0.65% of the company’s stock.

Several hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC raised its position in shares of Landmark Infrastructure Partners by 5.0% in the fourth quarter. Renaissance Technologies LLC now owns 68,500 shares of the financial services provider’s stock worth $1,045,000 after buying an additional 3,256 shares during the period. Guggenheim Capital LLC raised its position in shares of Landmark Infrastructure Partners by 115.9% in the fourth quarter. Guggenheim Capital LLC now owns 84,982 shares of the financial services provider’s stock worth $1,296,000 after buying an additional 45,622 shares during the period. Raymond James Trust N.A. purchased a new position in shares of Landmark Infrastructure Partners during the first quarter worth about $253,000. Regent Investment Management LLC raised its position in shares of Landmark Infrastructure Partners by 15.5% in the first quarter. Regent Investment Management LLC now owns 82,083 shares of the financial services provider’s stock worth $1,227,000 after buying an additional 11,000 shares during the period. Finally, Orinda Asset Management LLC purchased a new position in shares of Landmark Infrastructure Partners during the first quarter worth about $640,000. Hedge funds and other institutional investors own 20.99% of the company’s stock.

Landmark Infrastructure Partners Company Profile

Landmark Infrastructure Partners LP is a master limited partnership formed to acquire, own and manage a portfolio of real property interests that it leases to companies in the wireless communication, outdoor advertising and renewable power generation industries. The Company operates through three segments.

Get a free copy of the Zacks research report on Landmark Infrastructure Partners (LMRK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.