Dorsey Wright & Associates Buys Shares of 2,161 Lamar Advertising (NASDAQ:LAMR)

Dorsey Wright & Associates bought a new stake in Lamar Advertising (NASDAQ:LAMR) in the fourth quarter, HoldingsChannel reports. The fund bought 2,161 shares of the real estate investment trust’s stock, valued at approximately $263,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Carmel Capital Partners LLC lifted its holdings in shares of Lamar Advertising by 2.0% in the fourth quarter. Carmel Capital Partners LLC now owns 4,060 shares of the real estate investment trust’s stock valued at $494,000 after purchasing an additional 81 shares in the last quarter. Sanctuary Advisors LLC raised its position in Lamar Advertising by 0.4% in the 4th quarter. Sanctuary Advisors LLC now owns 19,259 shares of the real estate investment trust’s stock valued at $2,442,000 after buying an additional 82 shares during the last quarter. Avior Wealth Management LLC lifted its stake in Lamar Advertising by 16.8% in the 4th quarter. Avior Wealth Management LLC now owns 584 shares of the real estate investment trust’s stock valued at $71,000 after acquiring an additional 84 shares in the last quarter. UMB Bank n.a. boosted its position in Lamar Advertising by 14.7% during the 4th quarter. UMB Bank n.a. now owns 701 shares of the real estate investment trust’s stock worth $85,000 after acquiring an additional 90 shares during the last quarter. Finally, Harbour Investments Inc. grew its stake in shares of Lamar Advertising by 12.1% during the 4th quarter. Harbour Investments Inc. now owns 878 shares of the real estate investment trust’s stock worth $107,000 after acquiring an additional 95 shares in the last quarter. Institutional investors and hedge funds own 93.78% of the company’s stock.

Lamar Advertising Stock Performance

NASDAQ LAMR opened at $112.46 on Friday. The firm has a market capitalization of $11.52 billion, a P/E ratio of 31.86 and a beta of 1.53. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.48. The firm’s fifty day moving average price is $122.38 and its two-hundred day moving average price is $126.95. Lamar Advertising has a 1 year low of $108.80 and a 1 year high of $139.88.

Lamar Advertising (NASDAQ:LAMR) last issued its earnings results on Thursday, February 20th. The real estate investment trust reported $2.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.74. Lamar Advertising had a net margin of 16.40% and a return on equity of 30.20%. The company had revenue of $579.57 million for the quarter, compared to analysts’ expectations of $583.19 million. As a group, research analysts anticipate that Lamar Advertising will post 7.92 EPS for the current year.

Lamar Advertising Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a $1.55 dividend. This represents a $6.20 dividend on an annualized basis and a dividend yield of 5.51%. This is a boost from Lamar Advertising’s previous quarterly dividend of $1.40. The ex-dividend date of this dividend was Friday, March 14th. Lamar Advertising’s dividend payout ratio (DPR) is presently 175.64%.

Analyst Ratings Changes

Several research analysts recently commented on LAMR shares. JPMorgan Chase & Co. reduced their target price on shares of Lamar Advertising from $129.00 to $126.00 and set a “neutral” rating for the company in a report on Friday, February 21st. Citigroup increased their price objective on shares of Lamar Advertising from $121.76 to $128.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 25th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $134.60.

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.