Brokerages expect Landmark Infrastructure Partners LP (NASDAQ:LMRK) to report $15.67 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Landmark Infrastructure Partners’ earnings. The highest sales estimate is $16.34 million and the lowest is $15.00 million. Landmark Infrastructure Partners reported sales of $15.52 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 1%. The company is expected to issue its next earnings results before the market opens on Wednesday, February 24th.

On average, analysts expect that Landmark Infrastructure Partners will report full year sales of $59.42 million for the current year, with estimates ranging from $58.75 million to $60.09 million. For the next fiscal year, analysts expect that the firm will post sales of $64.10 million, with estimates ranging from $60.00 million to $68.19 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Landmark Infrastructure Partners.

LMRK has been the subject of a number of recent research reports. Wells Fargo & Company cut Landmark Infrastructure Partners from an “equal weight” rating to an “underweight” rating and set a $8.00 price objective for the company. in a research report on Tuesday, November 10th. Raymond James raised their price target on Landmark Infrastructure Partners from $14.00 to $15.00 and gave the company a “strong-buy” rating in a report on Thursday, November 5th. Finally, Zacks Investment Research cut Landmark Infrastructure Partners from a “buy” rating to a “hold” rating in a report on Wednesday, January 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $11.80.

Landmark Infrastructure Partners stock traded down $0.07 during mid-day trading on Tuesday, reaching $12.40. 48,083 shares of the company were exchanged, compared to its average volume of 51,960. Landmark Infrastructure Partners has a twelve month low of $7.05 and a twelve month high of $16.75. The firm’s 50-day simple moving average is $12.08 and its two-hundred day simple moving average is $10.76. The company has a debt-to-equity ratio of 2.18, a quick ratio of 3.19 and a current ratio of 3.19. The firm has a market cap of $315.93 million, a PE ratio of 27.33 and a beta of 1.06.

The firm also recently declared a quarterly dividend, which was paid on Friday, February 12th. Stockholders of record on Tuesday, February 2nd were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, February 1st. This represents a $0.80 annualized dividend and a dividend yield of 6.45%. Landmark Infrastructure Partners’s dividend payout ratio is currently 123.08%.

A number of hedge funds have recently modified their holdings of the stock. Janney Montgomery Scott LLC raised its holdings in Landmark Infrastructure Partners by 0.7% during the third quarter. Janney Montgomery Scott LLC now owns 143,870 shares of the financial services provider’s stock worth $1,302,000 after purchasing an additional 1,030 shares during the last quarter. STA Wealth Management LLC raised its holdings in Landmark Infrastructure Partners by 5.5% during the third quarter. STA Wealth Management LLC now owns 34,242 shares of the financial services provider’s stock worth $310,000 after purchasing an additional 1,782 shares during the last quarter. Sanders Morris Harris LLC raised its holdings in Landmark Infrastructure Partners by 12.5% during the fourth quarter. Sanders Morris Harris LLC now owns 17,960 shares of the financial services provider’s stock worth $193,000 after purchasing an additional 2,000 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in Landmark Infrastructure Partners by 2.0% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 119,448 shares of the financial services provider’s stock worth $1,081,000 after purchasing an additional 2,348 shares during the last quarter. Finally, LPL Financial LLC raised its holdings in Landmark Infrastructure Partners by 13.8% during the third quarter. LPL Financial LLC now owns 20,216 shares of the financial services provider’s stock worth $183,000 after purchasing an additional 2,459 shares during the last quarter. 15.83% of the stock is owned by hedge funds and other institutional investors.

Landmark Infrastructure Partners Company Profile

Landmark Infrastructure Partners LP acquires, develops, 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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