New Age Alpha Advisors LLC Buys Shares of 20,437 Lamar Advertising (NASDAQ:LAMR)

New Age Alpha Advisors LLC purchased a new position in shares of Lamar Advertising (NASDAQ:LAMR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 20,437 shares of the real estate investment trust's stock, valued at approximately $2,488,000.

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

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Analysts Set New Price Targets

Several analysts recently issued reports on the company. Citigroup boosted their price target on Lamar Advertising from $121.76 to $128.00 and gave the company a "neutral" rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. lowered their price target on shares of Lamar Advertising from $129.00 to $126.00 and set a "neutral" rating on the stock in a research report on Friday, February 21st. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, Lamar Advertising currently has a consensus rating of "Hold" and a consensus price target of $134.60.

Lamar Advertising Price Performance

Shares of NASDAQ:LAMR traded down $5.53 during trading on Thursday, hitting $110.42. 247,555 shares of the company were exchanged, compared to its average volume of 574,059. Lamar Advertising has a 1-year low of $108.80 and a 1-year high of $139.88. The company has a market capitalization of $11.31 billion, a P/E ratio of 31.28 and a beta of 1.53. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 2.48. The business's 50 day moving average is $121.66 and its 200-day moving average is $126.68.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.21 EPS for the quarter, beating analysts' consensus estimates of $1.47 by $0.74. Lamar Advertising had a return on equity of 30.20% and a net margin of 16.40%. The firm had revenue of $579.57 million for the quarter, compared to analyst estimates of $583.19 million. Equities analysts forecast that Lamar Advertising will post 7.92 earnings per share for the current year.

Lamar Advertising Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $1.55 dividend. This represents a $6.20 dividend on an annualized basis and a yield of 5.61%. This is an increase from Lamar Advertising's previous quarterly dividend of $1.40. The ex-dividend date was Friday, March 14th. Lamar Advertising's dividend payout ratio is presently 175.64%.

Lamar Advertising Company Profile

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.