5,906 Shares in Lamar Advertising (NASDAQ:LAMR) Purchased by EP Wealth Advisors LLC

EP Wealth Advisors LLC purchased a new stake in Lamar Advertising (NASDAQ:LAMR - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 5,906 shares of the real estate investment trust's stock, valued at approximately $789,000.

A number of other large investors have also made changes to their positions in LAMR. Blue Trust Inc. grew its holdings in Lamar Advertising by 444.1% during the 3rd quarter. Blue Trust Inc. now owns 185 shares of the real estate investment trust's stock valued at $25,000 after buying an additional 151 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of Lamar Advertising during the 3rd quarter worth about $25,000. Whittier Trust Co. raised its position in shares of Lamar Advertising by 144.4% in the second quarter. Whittier Trust Co. now owns 220 shares of the real estate investment trust's stock valued at $26,000 after buying an additional 130 shares during the last quarter. Concord Wealth Partners purchased a new stake in Lamar Advertising in the 3rd quarter worth approximately $26,000. Finally, MFA Wealth Advisors LLC acquired a new position in Lamar Advertising in the 2nd quarter valued at $30,000. Hedge funds and other institutional investors own 93.78% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on LAMR. Morgan Stanley boosted their price target on Lamar Advertising from $125.00 to $135.00 and gave the company an "equal weight" rating in a 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. Wells Fargo & Company cut their price target on Lamar Advertising from $132.00 to $124.00 and set an "equal weight" rating for the company in a report on Monday, November 11th. Finally, TD Cowen boosted their price target on Lamar Advertising from $142.00 to $160.00 and gave the company a "buy" rating in a report on Monday, November 11th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Lamar Advertising presently has a consensus rating of "Hold" and a consensus target price of $132.40.

Lamar Advertising Stock Up 0.2 %

Lamar Advertising stock traded up $0.23 during trading on Wednesday, reaching $129.65. 491,060 shares of the company's stock were exchanged, compared to its average volume of 409,184. The company's 50-day moving average is $132.37 and its two-hundred day moving average is $124.88. 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 52-week low of $100.15 and a 52-week high of $139.88. The firm has a market cap of $13.27 billion, a price-to-earnings ratio of 26.13 and a beta of 1.50.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) 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). Lamar Advertising had a return on equity of 42.58% and a net margin of 23.46%. The business had revenue of $564.10 million for the quarter, compared to analysts' expectations of $568.91 million. During the same period last year, the company posted $2.04 earnings per share. The firm's revenue for the quarter was up 4.0% on a year-over-year basis. On average, analysts predict that Lamar Advertising will post 7.52 earnings per share for the current year.

Lamar Advertising Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Wednesday, December 18th will be given a $1.40 dividend. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $5.60 dividend on an annualized basis and a yield of 4.32%. Lamar Advertising's payout ratio is currently 112.00%.

Lamar Advertising 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.