Lamar Advertising (NASDAQ:LAMR) Shares Bought by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC raised its stake in Lamar Advertising (NASDAQ:LAMR) by 0.5% during the fourth quarter, Holdings Channel reports. The firm owned 44,424 shares of the real estate investment trust’s stock after purchasing an additional 224 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Lamar Advertising were worth $5,408,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Wellington Management Group LLP lifted its stake in shares of Lamar Advertising by 45.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,974,848 shares of the real estate investment trust’s stock valued at $263,840,000 after purchasing an additional 617,356 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in Lamar Advertising during the third quarter worth approximately $43,665,000. International Assets Investment Management LLC increased its position in shares of Lamar Advertising by 49,140.4% in the third quarter. International Assets Investment Management LLC now owns 285,102 shares of the real estate investment trust’s stock worth $38,090,000 after acquiring an additional 284,523 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Lamar Advertising by 148.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 434,563 shares of the real estate investment trust’s stock valued at $58,058,000 after acquiring an additional 259,979 shares during the period. Finally, Duff & Phelps Investment Management Co. lifted its holdings in shares of Lamar Advertising by 631.7% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 180,296 shares of the real estate investment trust’s stock valued at $24,088,000 after acquiring an additional 155,656 shares in the last quarter. 93.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on LAMR shares. Wells Fargo & Company cut their price objective on Lamar Advertising from $132.00 to $124.00 and set an “equal weight” rating on the stock in a research report on Monday, November 11th. StockNews.com downgraded Lamar Advertising from a “buy” rating to a “hold” rating in a report on Monday, November 11th. TD Cowen upped their price target on Lamar Advertising from $142.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, Morgan Stanley lifted their price objective on shares of Lamar Advertising from $125.00 to $135.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $132.40.

Lamar Advertising Trading Up 1.4 %

NASDAQ LAMR opened at $128.10 on Friday. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.56 and a current ratio of 0.56. Lamar Advertising has a one year low of $102.10 and a one year high of $139.88. The company has a 50-day simple moving average of $126.16 and a 200-day simple moving average of $126.21. The firm has a market capitalization of $13.11 billion, a PE ratio of 25.62 and a beta of 1.50.

Lamar Advertising (NASDAQ:LAMR) last announced its quarterly earnings results on Friday, November 8th. The real estate investment trust reported $1.44 earnings per share for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.73). The company had revenue of $564.10 million for the quarter, compared to analyst estimates of $568.91 million. Lamar Advertising had a return on equity of 42.58% and a net margin of 23.46%. During the same quarter in the previous year, the company posted $2.04 earnings per share. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, equities analysts forecast that Lamar Advertising will post 7.49 earnings per share for the current year.

Lamar Advertising Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Wednesday, December 18th were issued a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a dividend yield of 4.37%. The ex-dividend date of this dividend was Wednesday, December 18th. Lamar Advertising’s dividend payout ratio (DPR) is 112.00%.

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.