Landmark Infrastructure (LMRK) Downgraded by TheStreet

TheStreet downgraded shares of Landmark Infrastructure (NASDAQ:LMRK) from a b rating to a c+ rating in a report published on Wednesday.

Several other research analysts have also commented on LMRK. ValuEngine lowered shares of Landmark Infrastructure from a hold rating to a sell rating in a report on Wednesday, May 2nd. Zacks Investment Research lowered shares of Landmark Infrastructure from a strong-buy rating to a hold rating in a report on Wednesday, April 25th. BidaskClub upgraded shares of Landmark Infrastructure from a sell rating to a hold rating in a report on Friday, March 16th. Robert W. Baird set a $19.00 price objective on shares of Landmark Infrastructure and gave the stock a buy rating in a report on Thursday, February 15th. Finally, Wells Fargo assumed coverage on shares of Landmark Infrastructure in a report on Monday, February 26th. They issued a market perform rating and a $18.50 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. Landmark Infrastructure currently has a consensus rating of Hold and an average target price of $19.10.

NASDAQ:LMRK opened at $14.35 on Wednesday. Landmark Infrastructure has a 52 week low of $13.88 and a 52 week high of $18.75. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market cap of $358.83 million, a P/E ratio of 22.08, a PEG ratio of 4.06 and a beta of 0.44.

Landmark Infrastructure (NASDAQ:LMRK) last issued its quarterly earnings data on Wednesday, May 2nd. The financial services provider reported $0.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.02. Landmark Infrastructure had a net margin of 33.54% and a return on equity of 13.43%. The business had revenue of $15.70 million during the quarter, compared to analyst estimates of $16.49 million. equities research analysts expect that Landmark Infrastructure will post 0.71 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 15th. Shareholders of record on Tuesday, May 1st were issued a $0.3675 dividend. The ex-dividend date of this dividend was Monday, April 30th. This represents a $1.47 annualized dividend and a yield of 10.24%. Landmark Infrastructure’s dividend payout ratio (DPR) is presently 226.15%.

In other Landmark Infrastructure news, insider Arthur P. Brazy, Jr. purchased 6,356 shares of the firm’s stock in a transaction that occurred on Monday, May 7th. The stock was bought at an average cost of $14.45 per share, for a total transaction of $91,844.20. Following the purchase, the insider now directly owns 114,554 shares in the company, valued at $1,655,305.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Arthur P. Brazy, Jr. purchased 7,400 shares of the firm’s stock in a transaction that occurred on Friday, May 4th. The stock was acquired at an average price of $14.50 per share, with a total value of $107,300.00. Following the completion of the purchase, the insider now owns 108,198 shares in the company, valued at $1,568,871. The disclosure for this purchase can be found here. 0.65% of the stock is owned by company insiders.

Institutional investors have recently modified their holdings of the stock. Orinda Asset Management LLC increased its stake in shares of Landmark Infrastructure by 65.3% in the 4th quarter. Orinda Asset Management LLC now owns 194,729 shares of the financial services provider’s stock worth $3,525,000 after acquiring an additional 76,929 shares in the last quarter. Florence Capital Advisors LLC increased its stake in shares of Landmark Infrastructure by 1.4% in the 4th quarter. Florence Capital Advisors LLC now owns 1,755,965 shares of the financial services provider’s stock worth $31,783,000 after acquiring an additional 24,382 shares in the last quarter. Green Square Capital LLC increased its stake in shares of Landmark Infrastructure by 22.3% in the 4th quarter. Green Square Capital LLC now owns 1,255,072 shares of the financial services provider’s stock worth $22,717,000 after acquiring an additional 229,199 shares in the last quarter. Regent Investment Management LLC increased its stake in shares of Landmark Infrastructure by 8.7% in the 4th quarter. Regent Investment Management LLC now owns 90,025 shares of the financial services provider’s stock worth $1,629,000 after acquiring an additional 7,232 shares in the last quarter. Finally, Brown Advisory Inc. bought a new position in shares of Landmark Infrastructure in the 4th quarter worth about $4,847,000. Institutional investors own 25.84% of the company’s stock.

Landmark Infrastructure Company Profile

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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