Avidian Wealth Solutions LLC Reduces Stake in Landmark Infrastructure Partners LP (NASDAQ:LMRK)

Avidian Wealth Solutions LLC cut its stake in Landmark Infrastructure Partners LP (NASDAQ:LMRK) by 42.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,700 shares of the financial services provider’s stock after selling 7,756 shares during the quarter. Avidian Wealth Solutions LLC’s holdings in Landmark Infrastructure Partners were worth $175,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in LMRK. JPMorgan Chase & Co. acquired a new position in Landmark Infrastructure Partners in the second quarter valued at approximately $64,000. Atlantic Trust LLC acquired a new position in Landmark Infrastructure Partners in the second quarter valued at approximately $65,000. Herold Advisors Inc. acquired a new position in Landmark Infrastructure Partners in the third quarter valued at approximately $228,000. Davidson Trust Co. acquired a new position in Landmark Infrastructure Partners in the third quarter valued at approximately $278,000. Finally, Stifel Financial Corp lifted its holdings in Landmark Infrastructure Partners by 71.7% in the second quarter. Stifel Financial Corp now owns 23,700 shares of the financial services provider’s stock valued at $302,000 after acquiring an additional 9,900 shares during the period. 51.30% of the stock is owned by institutional investors.

Shares of LMRK stock opened at $16.49 on Friday. The company has a debt-to-equity ratio of 2.39, a current ratio of 2.27 and a quick ratio of 2.27. The company has a market cap of $420.31 million, a price-to-earnings ratio of 58.89 and a beta of 1.02. The stock has a 50 day simple moving average of $16.38 and a 200-day simple moving average of $15.61. Landmark Infrastructure Partners LP has a 1-year low of $10.61 and a 1-year high of $18.30.

Landmark Infrastructure Partners (NASDAQ:LMRK) last announced its earnings results on Friday, November 5th. The financial services provider reported ($0.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.15). The business had revenue of $17.41 million for the quarter, compared to analyst estimates of $17.52 million. Landmark Infrastructure Partners had a return on equity of 9.18% and a net margin of 28.52%. During the same period in the previous year, the company earned $0.10 earnings per share. Analysts anticipate that Landmark Infrastructure Partners LP will post 0.24 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 12th. Investors of record on Tuesday, November 2nd were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.85%. The ex-dividend date was Monday, November 1st. Landmark Infrastructure Partners’s dividend payout ratio is currently 285.71%.

LMRK has been the subject of a number of analyst reports. Zacks Investment Research downgraded Landmark Infrastructure Partners from a “hold” rating to a “strong sell” rating in a report on Thursday, November 11th. TheStreet raised Landmark Infrastructure Partners from a “c+” rating to a “b-” rating in a report on Friday, October 1st. Finally, Royal Bank of Canada upped their target price on Landmark Infrastructure Partners from $14.00 to $16.00 and gave the stock a “sector perform” rating in a research note on Monday, October 11th. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $15.38.

Landmark Infrastructure Partners Company Profile

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

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Institutional Ownership by Quarter for Landmark Infrastructure Partners (NASDAQ:LMRK)

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