$15.27 Million in Sales Expected for Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) This Quarter

Analysts expect that Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) will announce $15.27 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Landmark Infrastructure Partners LP Unit’s earnings. The highest sales estimate is $15.29 million and the lowest is $15.24 million. Landmark Infrastructure Partners LP Unit posted sales of $14.71 million in the same quarter last year, which suggests a positive year over year growth rate of 3.8%. The company is expected to issue its next earnings results on Wednesday, February 19th.

According to Zacks, analysts expect that Landmark Infrastructure Partners LP Unit will report full-year sales of $59.09 million for the current fiscal year, with estimates ranging from $59.06 million to $59.11 million. For the next fiscal year, analysts expect that the company will report sales of $64.06 million, with estimates ranging from $62.98 million to $65.13 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Landmark Infrastructure Partners LP Unit.

A number of equities research analysts have recently weighed in on the company. ValuEngine downgraded Landmark Infrastructure Partners LP Unit from a “hold” rating to a “sell” rating in a research note on Friday, November 8th. BidaskClub downgraded Landmark Infrastructure Partners LP Unit from a “buy” rating to a “hold” rating in a research note on Wednesday. Raymond James cut their price target on Landmark Infrastructure Partners LP Unit from $20.00 to $19.00 and set a “strong-buy” rating for the company in a research note on Thursday, November 7th. Finally, Zacks Investment Research downgraded Landmark Infrastructure Partners LP Unit from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $18.67.

LMRK opened at $15.91 on Friday. Landmark Infrastructure Partners LP Unit has a fifty-two week low of $10.32 and a fifty-two week high of $18.45. The business has a 50-day moving average of $17.47 and a 200-day moving average of $16.45. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.73 and a quick ratio of 1.73. The company has a market capitalization of $394.02 million, a PE ratio of 27.91, a price-to-earnings-growth ratio of 5.98 and a beta of 0.95.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 4th were paid a $0.3675 dividend. This represents a $1.47 dividend on an annualized basis and a dividend yield of 9.24%. This is an increase from Landmark Infrastructure Partners LP Unit’s previous quarterly dividend of $0.34. The ex-dividend date was Friday, November 1st. Landmark Infrastructure Partners LP Unit’s dividend payout ratio (DPR) is presently 257.89%.

Hedge funds have recently modified their holdings of the stock. Coastal Investment Advisors Inc. bought a new position in shares of Landmark Infrastructure Partners LP Unit in the 2nd quarter valued at approximately $51,000. Royal Bank of Canada grew its holdings in Landmark Infrastructure Partners LP Unit by 19.7% in the 2nd quarter. Royal Bank of Canada now owns 85,900 shares of the financial services provider’s stock valued at $1,448,000 after buying an additional 14,157 shares during the last quarter. HighTower Advisors LLC grew its holdings in Landmark Infrastructure Partners LP Unit by 6,721.0% in the 2nd quarter. HighTower Advisors LLC now owns 922,399 shares of the financial services provider’s stock valued at $15,540,000 after buying an additional 908,876 shares during the last quarter. Advisor Group Inc. grew 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 valued at $105,000 after buying an additional 1,234 shares during the last quarter. Finally, Morgan Stanley grew its holdings in Landmark Infrastructure Partners LP Unit by 38.2% in the 2nd quarter. Morgan Stanley now owns 86,549 shares of the financial services provider’s stock valued at $1,459,000 after buying an additional 23,908 shares during the last quarter. 15.59% of the stock is currently owned by institutional investors and hedge funds.

About Landmark Infrastructure Partners LP Unit

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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