Zacks: Brokerages Expect Landmark Infrastructure Partners LP (LMRK) Will Announce Earnings of $0.14 Per Share
Equities analysts expect that Landmark Infrastructure Partners LP (NASDAQ:LMRK) will announce $0.14 earnings per share for the current quarter, according to Zacks. Four analysts have issued estimates for Landmark Infrastructure Partners’ earnings, with estimates ranging from $0.11 to $0.16. Landmark Infrastructure Partners posted earnings of $0.34 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 58.8%. The firm is scheduled to issue its next quarterly earnings results before the market opens on Thursday, February 15th.
According to Zacks, analysts expect that Landmark Infrastructure Partners will report full-year earnings of $0.33 per share for the current year. For the next year, analysts expect that the company will report earnings of $0.48 per share, with EPS estimates ranging from $0.15 to $0.80. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Landmark Infrastructure Partners.
Several brokerages recently weighed in on LMRK. B. Riley reaffirmed a “buy” rating on shares of Landmark Infrastructure Partners in a research note on Thursday, November 2nd. BidaskClub raised Landmark Infrastructure Partners from a “sell” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research raised Landmark Infrastructure Partners from a “sell” rating to a “hold” rating in a research note on Thursday, January 4th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $19.00 target price on shares of Landmark Infrastructure Partners in a research note on Tuesday, November 7th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Landmark Infrastructure Partners presently has a consensus rating of “Buy” and a consensus price target of $18.50.
A number of hedge funds have recently made changes to their positions in LMRK. Wells Fargo & Company MN boosted its stake in Landmark Infrastructure Partners by 127.1% during the third quarter. Wells Fargo & Company MN now owns 7,951 shares of the financial services provider’s stock valued at $134,000 after buying an additional 4,450 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Landmark Infrastructure Partners by 16.4% in the 2nd quarter. Royal Bank of Canada now owns 13,400 shares of the financial services provider’s stock valued at $214,000 after purchasing an additional 1,885 shares during the period. A. D. Beadell Investment Counsel Inc. boosted its position in shares of Landmark Infrastructure Partners by 31.3% in the 3rd quarter. A. D. Beadell Investment Counsel Inc. now owns 18,250 shares of the financial services provider’s stock valued at $309,000 after purchasing an additional 4,350 shares during the period. California Public Employees Retirement System acquired a new position in shares of Landmark Infrastructure Partners in the 4th quarter valued at $377,000. Finally, Kayne Anderson Capital Advisors LP boosted its position in shares of Landmark Infrastructure Partners by 87.2% in the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 23,400 shares of the financial services provider’s stock valued at $396,000 after purchasing an additional 10,900 shares during the period. 29.31% of the stock is owned by institutional investors and hedge funds.
Shares of Landmark Infrastructure Partners (LMRK) traded down $0.15 on Friday, hitting $17.00. The stock had a trading volume of 41,440 shares, compared to its average volume of 40,127. Landmark Infrastructure Partners has a 52 week low of $14.20 and a 52 week high of $18.75. The firm has a market capitalization of $339.31, a price-to-earnings ratio of 30.36 and a beta of 0.37. The company has a debt-to-equity ratio of 2.88, a current ratio of 3.93 and a quick ratio of 3.93.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 14th. Investors of record on Monday, February 5th will be paid a dividend of $0.3675 per share. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $1.47 annualized dividend and a yield of 8.65%. This is a boost from Landmark Infrastructure Partners’s previous quarterly dividend of $0.36. Landmark Infrastructure Partners’s dividend payout ratio (DPR) is currently 262.50%.
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.
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