Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) Rating Increased to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) from a hold rating to a buy rating in a research report report published on Thursday morning, Zacks.com reports. Zacks Investment Research currently has $19.00 target price on the financial services provider’s stock.

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. “

Other analysts also recently issued reports about the stock. BidaskClub downgraded shares of Zynerba Pharmaceuticals from a buy rating to a hold rating in a report on Thursday, July 11th. ValuEngine downgraded shares of Xylem from a buy rating to a hold rating in a report on Tuesday, May 14th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $18.00.

Shares of LMRK stock opened at $16.78 on Thursday. The company has a quick ratio of 3.14, a current ratio of 3.14 and a debt-to-equity ratio of 1.65. The firm has a market cap of $425.17 million, a P/E ratio of 29.44, a P/E/G ratio of 6.29 and a beta of 0.90. The business’s 50 day moving average is $16.15. Landmark Infrastructure Partners LP Unit has a 52 week low of $10.32 and a 52 week high of $17.38.

Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) last announced its earnings results on Wednesday, May 1st. The financial services provider reported $0.15 EPS for the quarter, topping the consensus estimate of $0.13 by $0.02. The firm had revenue of $14.39 million for the quarter, compared to the consensus estimate of $15.59 million. Landmark Infrastructure Partners LP Unit had a net margin of 182.88% and a return on equity of 9.42%. On average, sell-side analysts forecast that Landmark Infrastructure Partners LP Unit will post 0.53 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC grew its stake in shares of Landmark Infrastructure Partners LP Unit by 6.5% during the 4th quarter. Geode Capital Management LLC now owns 12,857 shares of the financial services provider’s stock worth $147,000 after acquiring an additional 780 shares in the last quarter. Penbrook Management LLC grew its stake in shares of Landmark Infrastructure Partners LP Unit by 4.0% during the 2nd quarter. Penbrook Management LLC now owns 31,180 shares of the financial services provider’s stock worth $525,000 after acquiring an additional 1,200 shares in the last quarter. Truvestments Capital LLC grew its stake in shares of Landmark Infrastructure Partners LP Unit by 738.0% during 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 in the last quarter. Advisor Group Inc. grew its stake in shares of Landmark Infrastructure Partners LP Unit by 266.7% during the 4th quarter. Advisor Group Inc. now owns 3,300 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 2,400 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its stake in shares of Landmark Infrastructure Partners LP Unit by 12.6% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 27,001 shares of the financial services provider’s stock worth $457,000 after acquiring an additional 3,028 shares in the last quarter. 10.05% of the stock is owned by institutional investors.

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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