AlphaCentric Advisors LLC bought a new stake in shares of Lamar Advertising (NASDAQ:LAMR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 15,000 shares of the real estate investment trust's stock, valued at approximately $1,826,000. Lamar Advertising accounts for 1.8% of AlphaCentric Advisors LLC's investment portfolio, making the stock its 14th biggest position.
Several other large investors also recently added to or reduced their stakes in LAMR. Wellington Management Group LLP increased its stake in shares of Lamar Advertising by 45.5% in the third quarter. Wellington Management Group LLP now owns 1,974,848 shares of the real estate investment trust's stock worth $263,840,000 after acquiring an additional 617,356 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Lamar Advertising in the third quarter worth $43,665,000. International Assets Investment Management LLC increased its stake 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 during the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Lamar Advertising by 148.9% in the third quarter. Daiwa Securities Group Inc. now owns 434,563 shares of the real estate investment trust's stock worth $58,058,000 after acquiring an additional 259,979 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. increased its stake in shares of Lamar Advertising by 631.7% in the third quarter. Duff & Phelps Investment Management Co. now owns 180,296 shares of the real estate investment trust's stock worth $24,088,000 after acquiring an additional 155,656 shares during the last quarter. 93.78% of the stock is owned by institutional investors and hedge funds.
Lamar Advertising Stock Performance
LAMR stock traded down $9.69 during mid-day trading on Thursday, reaching $122.31. 1,640,618 shares of the stock traded hands, compared to its average volume of 500,261. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 2.48. Lamar Advertising has a 52 week low of $106.61 and a 52 week high of $139.88. The business has a 50-day moving average of $124.74 and a two-hundred day moving average of $127.31. The firm has a market capitalization of $12.52 billion, a PE ratio of 24.46 and a beta of 1.51.
Lamar Advertising (NASDAQ:LAMR - Get Free Report) last released its quarterly 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 23.46% and a return on equity of 42.58%. As a group, equities analysts predict that Lamar Advertising will post 7.49 EPS for the current fiscal year.
Lamar Advertising Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $1.55 per share. This represents a $6.20 dividend on an annualized basis and a yield of 5.07%. This is a boost from Lamar Advertising's previous quarterly dividend of $1.40. The ex-dividend date is Friday, March 14th. Lamar Advertising's dividend payout ratio is 112.00%.
Analyst Ratings Changes
A number of research firms have recently weighed in on LAMR. Wells Fargo & Company dropped their price target on shares of Lamar Advertising from $132.00 to $124.00 and set an "equal weight" rating on the stock in a research note on Monday, November 11th. TD Cowen upped their price objective on shares of Lamar Advertising from $142.00 to $160.00 and gave the stock a "buy" rating in a report on Monday, November 11th. StockNews.com cut shares of Lamar Advertising from a "buy" rating to a "hold" rating in a report on Monday, November 11th. Finally, Morgan Stanley upped their price objective on shares of Lamar Advertising from $125.00 to $135.00 and gave the stock an "equal weight" rating in a report on Monday, November 11th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $132.40.
View Our Latest Stock Analysis on Lamar Advertising
Lamar Advertising Profile
(
Free Report)
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.
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