Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) to Issue Quarterly Dividend of $0.20

Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) declared a quarterly dividend on Friday, July 24th, Zacks reports. Shareholders of record on Tuesday, August 4th will be paid a dividend of 0.20 per share by the financial services provider on Friday, August 14th. This represents a $0.80 dividend on an annualized basis and a yield of 7.74%. The ex-dividend date of this dividend is Monday, August 3rd.

Landmark Infrastructure Partners LP Unit has raised its dividend by an average of 10.9% annually over the last three years and has raised its dividend every year for the last 3 years. Landmark Infrastructure Partners LP Unit has a payout ratio of -1,000.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Landmark Infrastructure Partners LP Unit to earn $0.19 per share next year, which means the company may not be able to cover its $0.80 annual dividend with an expected future payout ratio of 421.1%.

Shares of LMRK stock opened at $10.34 on Friday. The stock’s fifty day moving average is $9.73 and its two-hundred day moving average is $11.97. The company has a debt-to-equity ratio of 2.33, a quick ratio of 2.60 and a current ratio of 2.60. The firm has a market capitalization of $259.62 million, a P/E ratio of 18.20 and a beta of 1.10. Landmark Infrastructure Partners LP Unit has a fifty-two week low of $7.05 and a fifty-two week high of $18.45.

Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) last announced its quarterly earnings data on Thursday, May 7th. The financial services provider reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.10. The company had revenue of $15.68 million for the quarter, compared to analyst estimates of $15.86 million. Landmark Infrastructure Partners LP Unit had a return on equity of 12.44% and a net margin of 21.43%. On average, equities analysts forecast that Landmark Infrastructure Partners LP Unit will post 0.25 earnings per share for the current year.

LMRK has been the subject of a number of recent research reports. B. Riley cut their target price on Landmark Infrastructure Partners LP Unit from $20.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. Royal Bank of Canada downgraded Landmark Infrastructure Partners LP Unit from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from $17.00 to $9.00 in a research note on Thursday, April 23rd. Zacks Investment Research raised Landmark Infrastructure Partners LP Unit from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research note on Thursday, May 7th. Finally, BidaskClub raised Landmark Infrastructure Partners LP Unit from a “sell” rating to a “hold” rating in a research note on Friday. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Landmark Infrastructure Partners LP Unit presently has a consensus rating of “Hold” and a consensus target price of $13.25.

Landmark Infrastructure Partners LP Unit Company Profile

Landmark Infrastructure Partners LP engages in the acquisition, ownership, and management of portfolio of real property interests. It operates through the following business segments: Wireless Communication, Outdoor Advertising, and Renewable Power Generation. The Wireless Communication segment involves the leasing real property interests to companies in the wireless communication industry.

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Dividend History for Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK)

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