Profund Advisors LLC decreased its holdings in Lamar Advertising (NASDAQ:LAMR) by 9.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,805 shares of the real estate investment trust’s stock after selling 1,258 shares during the period. Profund Advisors LLC’s holdings in Lamar Advertising were worth $876,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in LAMR. Advisory Services Network LLC raised its holdings in shares of Lamar Advertising by 209.3% in the fourth quarter. Advisory Services Network LLC now owns 2,038 shares of the real estate investment trust’s stock valued at $151,000 after buying an additional 1,379 shares during the last quarter. San Francisco Sentry Investment Group CA purchased a new position in Lamar Advertising during the third quarter worth about $164,000. Argent Trust Co purchased a new position in Lamar Advertising during the third quarter worth about $207,000. TradeLink Capital LLC acquired a new position in Lamar Advertising during the fourth quarter worth about $208,000. Finally, HL Financial Services LLC acquired a new position in Lamar Advertising during the fourth quarter worth about $212,000. 84.45% of the stock is owned by hedge funds and other institutional investors.
NASDAQ:LAMR traded down $0.54 during mid-day trading on Friday, hitting $63.90. The stock had a trading volume of 506,705 shares, compared to its average volume of 637,941. The company has a market cap of $6,331.75, a PE ratio of 12.65, a P/E/G ratio of 4.18 and a beta of 1.05. Lamar Advertising has a 52 week low of $61.36 and a 52 week high of $79.17. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.30.
Lamar Advertising (NASDAQ:LAMR) last issued its quarterly earnings data on Tuesday, February 27th. The real estate investment trust reported $0.88 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.25 by ($0.37). Lamar Advertising had a net margin of 20.61% and a return on equity of 29.41%. The firm had revenue of $398.50 million during the quarter, compared to the consensus estimate of $395.71 million. During the same quarter in the prior year, the business earned $0.81 earnings per share. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. equities analysts anticipate that Lamar Advertising will post 5.14 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Monday, March 19th were issued a $0.91 dividend. This is an increase from Lamar Advertising’s previous quarterly dividend of $0.83. This represents a $3.64 dividend on an annualized basis and a dividend yield of 5.70%. The ex-dividend date of this dividend was Friday, March 16th. Lamar Advertising’s payout ratio is presently 72.08%.
Several analysts have recently commented on the stock. Zacks Investment Research lowered shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. BidaskClub downgraded shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. Morgan Stanley increased their price target on shares of Lamar Advertising from $68.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Friday, February 9th. Citigroup lowered shares of Lamar Advertising from a “neutral” rating to a “sell” rating and set a $68.00 price target for the company. in a report on Wednesday, December 20th. Finally, ValuEngine lowered shares of Lamar Advertising from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $73.25.
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About Lamar Advertising
Lamar Advertising Company is an outdoor advertising company in the United States. The Company operates in the advertising segment. The Company sells advertising on billboards, buses, shelters, benches and logo plates. It operates three types of outdoor advertising displays: billboards, logo signs and transit advertising displays.
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