Brokerages forecast that Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) will post sales of $18.40 million for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Landmark Infrastructure Partners LP Unit’s earnings, with estimates ranging from $17.86 million to $19.52 million. Landmark Infrastructure Partners LP Unit posted sales of $13.50 million during the same quarter last year, which suggests a positive year over year growth rate of 36.3%. The business is scheduled to issue its next earnings report before the market opens on Thursday, November 1st.

According to Zacks, analysts expect that Landmark Infrastructure Partners LP Unit will report full year sales of $70.03 million for the current year, with estimates ranging from $66.00 million to $74.20 million. For the next year, analysts expect that the company will post sales of $82.88 million, with estimates ranging from $68.00 million to $92.22 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Landmark Infrastructure Partners LP Unit.

Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) last released its earnings results on Wednesday, August 1st. The financial services provider reported $0.12 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.12. The business had revenue of $16.80 million for the quarter, compared to analyst estimates of $16.90 million. Landmark Infrastructure Partners LP Unit had a return on equity of 15.73% and a net margin of 39.65%.

LMRK has been the topic of a number of recent research reports. BidaskClub raised Landmark Infrastructure Partners LP Unit from a “hold” rating to a “buy” rating in a report on Tuesday, October 23rd. ValuEngine raised Landmark Infrastructure Partners LP Unit from a “sell” rating to a “hold” rating in a report on Thursday, October 11th. Finally, Zacks Investment Research lowered Landmark Infrastructure Partners LP Unit from a “hold” rating to a “sell” rating in a report on Friday, August 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. Landmark Infrastructure Partners LP Unit currently has a consensus rating of “Hold” and an average price target of $19.10.

In other Landmark Infrastructure Partners LP Unit news, insider Arthur P. Brazy, Jr. acquired 8,100 shares of the company’s stock in a transaction that occurred on Friday, September 28th. The shares were purchased at an average price of $13.79 per share, with a total value of $111,699.00. Following the completion of the acquisition, the insider now directly owns 138,952 shares of the company’s stock, valued at approximately $1,916,148.08. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Matthew P. Carbone acquired 14,000 shares of the company’s stock in a transaction that occurred on Thursday, October 4th. The shares were acquired at an average cost of $14.10 per share, for a total transaction of $197,400.00. Following the acquisition, the insider now directly owns 14,000 shares of the company’s stock, valued at $197,400. The disclosure for this purchase can be found here. In the last three months, insiders bought 23,848 shares of company stock worth $332,872. Corporate insiders own 0.65% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Penbrook Management LLC grew its holdings in Landmark Infrastructure Partners LP Unit by 14.5% during the second quarter. Penbrook Management LLC now owns 35,630 shares of the financial services provider’s stock worth $493,000 after acquiring an additional 4,500 shares during the period. Bank of America Corp DE grew its holdings in Landmark Infrastructure Partners LP Unit by 579.3% during the second quarter. Bank of America Corp DE now owns 12,866 shares of the financial services provider’s stock worth $178,000 after acquiring an additional 10,972 shares during the period. Raymond James & Associates grew its holdings in Landmark Infrastructure Partners LP Unit by 3.4% during the second quarter. Raymond James & Associates now owns 344,239 shares of the financial services provider’s stock worth $4,768,000 after acquiring an additional 11,237 shares during the period. Sapphire Star Partners LP grew its holdings in Landmark Infrastructure Partners LP Unit by 37.5% during the second quarter. Sapphire Star Partners LP now owns 41,977 shares of the financial services provider’s stock worth $581,000 after acquiring an additional 11,438 shares during the period. Finally, Cibc Bank USA acquired a new position in Landmark Infrastructure Partners LP Unit during the second quarter worth $209,000. 19.37% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:LMRK traded down $0.64 during trading on Friday, reaching $14.08. The company had a trading volume of 136,847 shares, compared to its average volume of 64,583. The firm has a market cap of $353.84 million, a P/E ratio of 21.66, a PEG ratio of 4.52 and a beta of 0.34. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 3.27. Landmark Infrastructure Partners LP Unit has a fifty-two week low of $12.68 and a fifty-two week high of $18.75.

The business also recently announced a dividend, which will be paid on Wednesday, November 14th. Stockholders of record on Monday, November 5th will be issued a $0.3675 dividend. The ex-dividend date is Friday, November 2nd. This is a positive change from Landmark Infrastructure Partners LP Unit’s previous dividend of $0.34. Landmark Infrastructure Partners LP Unit’s payout ratio is presently 226.15%.

Landmark Infrastructure Partners LP Unit Company Profile

Landmark Infrastructure Partners LP acquires, owns, and manages a portfolio of real property interests and infrastructure assets in the United States. The company leases its real property interests and infrastructure assets to companies operating in the wireless communication, outdoor advertising, and renewable power generation industries.

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