Zacks: Analysts Expect Landmark Infrastructure Partners LP (LMRK) Will Announce Quarterly Sales of $15.55 Million
Equities analysts forecast that Landmark Infrastructure Partners LP (NASDAQ:LMRK) will report $15.55 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Landmark Infrastructure Partners’ earnings, with the highest sales estimate coming in at $17.44 million and the lowest estimate coming in at $14.50 million. Landmark Infrastructure Partners posted sales of $11.81 million during the same quarter last year, which suggests a positive year-over-year growth rate of 31.7%. The company is scheduled to issue its next earnings results before the market opens on Thursday, February 15th.
According to Zacks, analysts expect that Landmark Infrastructure Partners will report full-year sales of $15.55 million for the current year, with estimates ranging from $52.64 million to $55.94 million. For the next fiscal year, analysts anticipate that the company will report sales of $69.97 million per share, with estimates ranging from $65.95 million to $72.48 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Landmark Infrastructure Partners.
Several equities research analysts recently weighed in on the stock. B. Riley reiterated a “buy” rating on shares of Landmark Infrastructure Partners in a research note on Thursday, November 2nd. Zacks Investment Research lowered shares of Landmark Infrastructure Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. BidaskClub raised shares of Landmark Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $19.00 price target on shares of Landmark Infrastructure Partners in a research report on Tuesday, November 7th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $18.50.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 14th. Investors of record on Monday, February 5th will be given a $0.3675 dividend. This represents a $1.47 annualized dividend and a yield of 8.55%. The ex-dividend date of this dividend is Friday, February 2nd. This is a positive change from Landmark Infrastructure Partners’s previous quarterly dividend of $0.36. Landmark Infrastructure Partners’s dividend payout ratio is 262.50%.
In other Landmark Infrastructure Partners news, insider Arthur P. Brazy, Jr. purchased 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was purchased at an average price of $17.04 per share, with a total value of $102,240.00. Following the completion of the transaction, the insider now directly owns 80,181 shares of the company’s stock, valued at approximately $1,366,284.24. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.65% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. Cedar Capital LLC acquired a new stake in shares of Landmark Infrastructure Partners during the third quarter worth approximately $2,798,000. Oxbow Advisors LLC increased its holdings in shares of Landmark Infrastructure Partners by 280.1% during the fourth quarter. Oxbow Advisors LLC now owns 109,100 shares of the financial services provider’s stock worth $1,975,000 after buying an additional 80,400 shares in the last quarter. Orinda Asset Management LLC increased its holdings in shares of Landmark Infrastructure Partners by 65.3% during the fourth quarter. Orinda Asset Management LLC now owns 194,729 shares of the financial services provider’s stock worth $3,525,000 after buying an additional 76,929 shares in the last quarter. Atlantic Trust LLC acquired a new stake in shares of Landmark Infrastructure Partners during the third quarter worth approximately $1,261,000. Finally, Schroder Investment Management Group acquired a new stake in shares of Landmark Infrastructure Partners during the third quarter worth approximately $788,000. 29.31% of the stock is owned by hedge funds and other institutional investors.
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Landmark Infrastructure Partners Company Profile
Landmark Infrastructure Partners LP is a master limited partnership formed to acquire, own and manage a portfolio of real property interests that it leases to companies in the wireless communication, outdoor advertising and renewable power generation industries. The Company operates through three segments.
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