Published Fri, 11 Jan 2019 09:15:52 -0500 on Seeking Alpha
In this article, I will be detailing why I believe shares of Landmark Infrastructure Partners LP (LMRK) are overvalued and why I believe investors should be very cautious with this high yield stock. The main reason why I believe investors should be cautious is because of the dividend coverage.
When looking at the dividend coverage for Landmark Infrastructure Partners, I compared their coverage to potential REIT peers in the net lease category. One of my go-to sources for REIT information is Hoya Capital Real Estate. I went to an article covering net lease REITs to get a list of companies to compare to Landmark Infrastructure Partners. As you can see in the following table, Landmark Infrastructure Partners has the worst dividend coverage of this group of net lease REITs.
CF for Divs
Landmark Infrastructure Partners
Spirit Realty Capital, Inc.
W. P. Carey Inc.
Realty Income Corporation
National Retail Properties, Inc.
STORE Capital Corporation
Table data from Gurufocus
I also compared... Read more
|Stock name||Last trade||P/E||Earnings/Share||Dividend/Share||Dividend yield|
|WP CAREY & CO||85.28||27.1||3.15||4.13||4.86|
|NATIONAL RETAIL PROPERTIES||55.10||37.0||1.49||2.00||3.66|
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