Diversified Trust Co Has $408,000 Stock Holdings in Lamar Advertising (NASDAQ:LAMR)

Diversified Trust Co reduced its position in shares of Lamar Advertising (NASDAQ:LAMR) by 40.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,056 shares of the real estate investment trust’s stock after selling 2,099 shares during the period. Diversified Trust Co’s holdings in Lamar Advertising were worth $408,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. SPC Financial Inc. grew its holdings in Lamar Advertising by 3.6% during the 1st quarter. SPC Financial Inc. now owns 3,003 shares of the real estate investment trust’s stock worth $359,000 after acquiring an additional 103 shares during the last quarter. Woodward Diversified Capital LLC increased its holdings in Lamar Advertising by 2.6% in the first quarter. Woodward Diversified Capital LLC now owns 4,505 shares of the real estate investment trust’s stock valued at $538,000 after purchasing an additional 113 shares during the period. Patriot Financial Group Insurance Agency LLC increased its holdings in Lamar Advertising by 1.8% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 6,603 shares of the real estate investment trust’s stock valued at $789,000 after purchasing an additional 114 shares during the period. Simplicity Wealth LLC raised its position in Lamar Advertising by 0.4% during the 2nd quarter. Simplicity Wealth LLC now owns 27,614 shares of the real estate investment trust’s stock worth $3,301,000 after purchasing an additional 121 shares during the last quarter. Finally, NovaPoint Capital LLC lifted its holdings in Lamar Advertising by 3.9% during the 2nd quarter. NovaPoint Capital LLC now owns 3,498 shares of the real estate investment trust’s stock worth $418,000 after buying an additional 130 shares during the period. Institutional investors and hedge funds own 93.78% of the company’s stock.

Lamar Advertising Stock Performance

NASDAQ:LAMR opened at $131.45 on Friday. The firm has a market capitalization of $13.44 billion, a P/E ratio of 26.99 and a beta of 1.52. Lamar Advertising has a twelve month low of $79.94 and a twelve month high of $137.40. The company has a fifty day moving average of $125.17 and a 200-day moving average of $119.95. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 2.31.

Lamar Advertising (NASDAQ:LAMR) last announced its quarterly earnings data on Thursday, August 8th. The real estate investment trust reported $1.34 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.67). Lamar Advertising had a net margin of 23.34% and a return on equity of 42.18%. The company had revenue of $565.25 million for the quarter, compared to analyst estimates of $564.96 million. During the same quarter in the prior year, the company posted $1.90 EPS. Lamar Advertising’s revenue for the quarter was up 4.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Lamar Advertising will post 7.75 EPS for the current year.

Lamar Advertising Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Wednesday, September 18th were issued a dividend of $1.40 per share. This is an increase from Lamar Advertising’s previous quarterly dividend of $1.30. The ex-dividend date was Wednesday, September 18th. This represents a $5.60 annualized dividend and a dividend yield of 4.26%. Lamar Advertising’s payout ratio is currently 114.99%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price target on Lamar Advertising from $117.00 to $121.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. TD Cowen raised their price target on shares of Lamar Advertising from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, August 9th. StockNews.com lowered shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research note on Thursday. Wells Fargo & Company started coverage on shares of Lamar Advertising in a research note on Thursday, September 19th. They set an “equal weight” rating and a $132.00 target price for the company. Finally, Citigroup cut shares of Lamar Advertising from a “buy” rating to a “neutral” rating and set a $122.00 price target on the stock. in a research report on Thursday, July 11th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Lamar Advertising currently has an average rating of “Hold” and a consensus target price of $125.00.

About Lamar Advertising

Lamar Advertising Company operates as an outdoor advertising company in the United States and Canada. The company owns and operates billboards, logo signs, and transit advertising displays, as well as rents space for advertising on billboards, buses, shelters, benches, logo plates, and in airport terminals.