Landmark Infrastructure Partners LP (LMRK) Sets New 52-Week High at $18.30
Landmark Infrastructure Partners LP (NASDAQ:LMRK) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $18.30 and last traded at $17.84, with a volume of 27,312 shares trading hands. The stock had previously closed at $17.89.
LMRK has been the subject of a number of research analyst reports. Robert W. Baird reaffirmed a “buy” rating on shares of Landmark Infrastructure Partners in a research report on Monday, April 11th. Zacks Investment Research lowered Landmark Infrastructure Partners from a “hold” rating to a “sell” rating in a research report on Friday, May 6th. Finally, FBR & Co reaffirmed a “buy” rating on shares of Landmark Infrastructure Partners in a research report on Sunday, May 8th.
The stock has a market capitalization of $264.55 million and a price-to-earnings ratio of 68.8484. The company’s 50 day moving average price is $16.44 and its 200 day moving average price is $15.18.
Landmark Infrastructure Partners (NASDAQ:LMRK) last announced its quarterly earnings data on Thursday, May 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by $0.20. The firm earned $7.78 million during the quarter, compared to analysts’ expectations of $7.76 million. On average, equities research analysts anticipate that Landmark Infrastructure Partners LP will post $0.82 earnings per share for the current fiscal year.
The business also recently disclosed a dividend, which will be paid on Monday, August 15th. Stockholders of record on Monday, August 8th will be paid a dividend of $0.3325 per share. The ex-dividend date is Thursday, August 4th. This is a positive change from Landmark Infrastructure Partners’s previous dividend of $0.32.
Landmark Infrastructure Partners LP is engaged in acquiring, owning and managing a portfolio of real property interests. The Company leases its properties to companies in the wireless communication, outdoor advertising and renewable power generation industries. Its segments include Wireless Communication, Outdoor Advertising, Renewable Power Generation and Corporate.
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