Zacks Investment Research downgraded shares of Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) from a hold rating to a sell rating in a research note issued to investors on Friday morning.

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. “

A number of other analysts have also recently commented on the company. ValuEngine upgraded Landmark Infrastructure Partners LP Unit from a strong sell rating to a sell rating in a research report on Wednesday, September 12th. BidaskClub cut Landmark Infrastructure Partners LP Unit from a sell rating to a strong sell rating in a research report on Thursday, August 9th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. Landmark Infrastructure Partners LP Unit has an average rating of Hold and an average price target of $19.13.

Shares of LMRK traded up $0.02 during midday trading on Friday, reaching $12.62. 129,741 shares of the stock were exchanged, compared to its average volume of 85,884. The company has a debt-to-equity ratio of 3.27, a quick ratio of 1.65 and a current ratio of 1.65. Landmark Infrastructure Partners LP Unit has a twelve month low of $12.43 and a twelve month high of $18.75. The stock has a market capitalization of $316.39 million, a P/E ratio of 19.42, a price-to-earnings-growth ratio of 4.04 and a beta of 0.27.

Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) last posted its earnings results on Wednesday, November 7th. The financial services provider reported $0.14 EPS for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.01. Landmark Infrastructure Partners LP Unit had a return on equity of 17.19% and a net margin of 196.88%. The business had revenue of $17.56 million for the quarter, compared to analysts’ expectations of $18.40 million. On average, equities research analysts forecast that Landmark Infrastructure Partners LP Unit will post 0.62 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 14th. Investors of record on Monday, November 5th will be issued a dividend of $0.3675 per share. The ex-dividend date of this dividend is Friday, November 2nd. This represents a $1.47 dividend on an annualized basis and a dividend yield of 11.65%. This is a positive change from Landmark Infrastructure Partners LP Unit’s previous quarterly dividend of $0.34. Landmark Infrastructure Partners LP Unit’s dividend payout ratio (DPR) is currently 226.15%.

In related news, insider Arthur P. Brazy, Jr. purchased 8,100 shares of the 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 in the company, valued at approximately $1,916,148.08. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Matthew P. Carbone purchased 14,000 shares of the stock in a transaction that occurred on Thursday, October 4th. The shares were bought at an average cost of $14.10 per share, for a total transaction of $197,400.00. Following the acquisition, the insider now 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 have purchased 23,848 shares of company stock worth $332,872. Corporate insiders own 0.65% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Penbrook Management LLC grew its holdings in shares of 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 buying an additional 4,500 shares during the last quarter. Sapphire Star Partners LP grew its holdings in shares of Landmark Infrastructure Partners LP Unit by 17.1% during the third quarter. Sapphire Star Partners LP now owns 49,159 shares of the financial services provider’s stock worth $681,000 after buying an additional 7,182 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of 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 buying an additional 10,972 shares during the last quarter. Raymond James & Associates grew its holdings in shares of 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 buying an additional 11,237 shares during the last quarter. Finally, Pwmco LLC purchased a new position in shares of Landmark Infrastructure Partners LP Unit during the third quarter worth about $283,000. 19.14% of the stock is currently owned by hedge funds and other institutional investors.

About Landmark Infrastructure Partners LP Unit

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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