QS Investors LLC increased its position in Lamar Advertising (NASDAQ:LAMR) by 51.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 71,634 shares of the real estate investment trust’s stock after purchasing an additional 24,462 shares during the period. QS Investors LLC owned 0.07% of Lamar Advertising worth $5,318,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Aurora Investment Counsel bought a new position in Lamar Advertising in the fourth quarter worth about $2,733,000. State of Tennessee Treasury Department lifted its holdings in Lamar Advertising by 25.0% in the third quarter. State of Tennessee Treasury Department now owns 50,000 shares of the real estate investment trust’s stock worth $3,427,000 after acquiring an additional 10,000 shares during the last quarter. Beacon Investment Advisory Services Inc. bought a new position in Lamar Advertising in the third quarter worth about $761,000. Nationwide Fund Advisors lifted its holdings in Lamar Advertising by 5.9% in the third quarter. Nationwide Fund Advisors now owns 303,871 shares of the real estate investment trust’s stock worth $20,824,000 after acquiring an additional 16,993 shares during the last quarter. Finally, BB&T Securities LLC lifted its holdings in Lamar Advertising by 7.3% in the third quarter. BB&T Securities LLC now owns 105,251 shares of the real estate investment trust’s stock worth $7,212,000 after acquiring an additional 7,126 shares during the last quarter. Institutional investors and hedge funds own 84.45% of the company’s stock.
A number of equities analysts have issued reports on the stock. BidaskClub raised shares of Lamar Advertising from a “strong sell” rating to a “sell” rating in a report on Tuesday. ValuEngine cut shares of Lamar Advertising from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Zacks Investment Research cut shares of Lamar Advertising from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Morgan Stanley raised their target price on shares of Lamar Advertising from $68.00 to $70.00 and gave the stock an “equal weight” rating in a report on Friday, February 9th. Finally, MKM Partners raised their target price on shares of Lamar Advertising from $64.00 to $68.00 and gave the stock a “neutral” rating in a report on Thursday, March 8th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $73.25.
LAMR opened at $63.90 on Friday. The company has a market cap of $6,313.08, a PE ratio of 12.65, a price-to-earnings-growth ratio of 4.17 and a beta of 1.05. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.30. Lamar Advertising has a twelve month low of $61.36 and a twelve month high of $79.17.
Lamar Advertising (NASDAQ:LAMR) last released its quarterly earnings results on Tuesday, February 27th. The real estate investment trust reported $0.88 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.25 by ($0.37). The business had revenue of $398.50 million for the quarter, compared to the consensus estimate of $395.71 million. Lamar Advertising had a net margin of 20.61% and a return on equity of 29.41%. The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period last year, the firm posted $0.81 EPS. analysts anticipate that Lamar Advertising will post 5.14 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Monday, March 19th were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 5.70%. The ex-dividend date was Friday, March 16th. This is a boost from Lamar Advertising’s previous quarterly dividend of $0.83. Lamar Advertising’s payout ratio is 72.08%.
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Lamar Advertising Company Profile
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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