Landmark Infrastructure Gets a Buy Rating from RBC Capital

By Ryan Adsit

RBC Capital analyst Jonathan Atkin reiterated a Buy rating on Landmark Infrastructure (NASDAQ: LMRK) today and set a price target of $17. The company’s shares opened today at $15.90.

According to TipRanks.com, Atkin is a top 25 analyst with an average return of 16.5% and a 84.5% success rate. Atkin covers the Technology sector, focusing on stocks such as Frontier Communications Corporation, Interxion Holding NV, and Zayo Group Holdings.

Landmark Infrastructure has an analyst consensus of Strong Buy, with a price target consensus of $18.33.

Based on Landmark Infrastructure’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $11.92 million and quarterly net profit of $3.44 million. In comparison, last year the company earned revenue of $7.46 million and had a GAAP net loss of $427.6K.

Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LMRK in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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. The Outdoor Advertising segment consists of leasing real property interests to companies in the outdoor advertising industry. The Power Generation segment includes leasing real property interests to companies in the renewable power industry. The company was founded in 2010 and is headquartered in El Segundo, CA.