Parallel Advisors LLC Invests $213,000 in Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK)

Parallel Advisors LLC bought a new position in shares of Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) during the third quarter, according to its most recent filing with the SEC. The fund bought 11,793 shares of the financial services provider’s stock, valued at approximately $213,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Truvestments Capital LLC increased its holdings in Landmark Infrastructure Partners LP Unit by 738.0% in the 2nd quarter. Truvestments Capital LLC now owns 2,271 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 2,000 shares during the last quarter. Coastal Investment Advisors Inc. purchased a new stake in Landmark Infrastructure Partners LP Unit in the 2nd quarter worth about $51,000. Winthrop Partners WNY LLC purchased a new stake in Landmark Infrastructure Partners LP Unit in the 3rd quarter worth about $81,000. Advisor Group Inc. increased its holdings in Landmark Infrastructure Partners LP Unit by 24.9% in the 2nd quarter. Advisor Group Inc. now owns 6,194 shares of the financial services provider’s stock worth $105,000 after acquiring an additional 1,234 shares during the last quarter. Finally, Wiley BROS. Aintree Capital LLC purchased a new stake in Landmark Infrastructure Partners LP Unit in the 3rd quarter worth about $139,000. 15.50% of the stock is owned by institutional investors.

Several brokerages recently weighed in on LMRK. Zacks Investment Research lowered Landmark Infrastructure Partners LP Unit from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. ValuEngine lowered Landmark Infrastructure Partners LP Unit from a “hold” rating to a “sell” rating in a report on Friday. BidaskClub raised Landmark Infrastructure Partners LP Unit from a “hold” rating to a “buy” rating in a report on Tuesday, September 24th. Finally, Raymond James decreased their price objective on Landmark Infrastructure Partners LP Unit from $20.00 to $19.00 and set a “strong-buy” rating for the company in a report on Thursday. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $18.67.

LMRK stock traded down $0.47 during mid-day trading on Friday, reaching $16.05. 156,200 shares of the company traded hands, compared to its average volume of 105,045. The company has a fifty day moving average price of $17.63 and a 200-day moving average price of $16.48. The company has a market capitalization of $451.03 million, a P/E ratio of 28.16, a P/E/G ratio of 7.05 and a beta of 0.95. Landmark Infrastructure Partners LP Unit has a 52-week low of $10.32 and a 52-week high of $18.45. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.93 and a quick ratio of 1.93.

Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) last released its earnings results on Wednesday, August 7th. The financial services provider reported $0.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.02. The company had revenue of $15.03 million during the quarter, compared to the consensus estimate of $15.02 million. Landmark Infrastructure Partners LP Unit had a return on equity of 8.75% and a net margin of 193.25%. As a group, analysts forecast that Landmark Infrastructure Partners LP Unit will post 0.5 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, November 4th will be given a $0.3675 dividend. This is an increase from Landmark Infrastructure Partners LP Unit’s previous quarterly dividend of $0.34. The ex-dividend date is Friday, November 1st. This represents a $1.47 dividend on an annualized basis and a yield of 9.16%. Landmark Infrastructure Partners LP Unit’s payout ratio is presently 257.89%.

Landmark Infrastructure Partners LP Unit Profile

Landmark Infrastructure Partners LP engages in the acquisition, ownership, and management of portfolio of real property interests. It operates through the following business segments: Wireless Communication, Outdoor Advertising, and Renewable Power Generation. The Wireless Communication segment involves the leasing real property interests to companies in the wireless communication industry.

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Institutional Ownership by Quarter for Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK)

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