Amundi grew its position in Lamar Advertising (NASDAQ:LAMR - Free Report) by 108.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,698 shares of the real estate investment trust's stock after purchasing an additional 10,241 shares during the quarter. Amundi's holdings in Lamar Advertising were worth $2,368,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of LAMR. Carmel Capital Partners LLC boosted its position 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 worth $494,000 after purchasing an additional 81 shares in the last quarter. Sanctuary Advisors LLC boosted its holdings in Lamar Advertising by 0.4% in the fourth 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 in the last quarter. Avior Wealth Management LLC grew its stake in shares of Lamar Advertising by 16.8% during the fourth 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. CIBC Asset Management Inc increased its holdings in shares of Lamar Advertising by 3.4% during the third quarter. CIBC Asset Management Inc now owns 2,552 shares of the real estate investment trust's stock valued at $341,000 after acquiring an additional 85 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings in shares of Lamar Advertising by 14.7% during the fourth 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 in the last quarter. 93.78% of the stock is owned by hedge funds and other institutional investors.
Lamar Advertising Price Performance
Shares of Lamar Advertising stock traded down $2.60 on Thursday, hitting $112.15. 956,019 shares of the company were exchanged, compared to its average volume of 432,101. 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 company has a 50-day moving average price of $123.51 and a 200 day moving average price of $127.51. The stock has a market capitalization of $11.48 billion, a price-to-earnings ratio of 31.77 and a beta of 1.53. Lamar Advertising has a 1-year low of $108.80 and a 1-year high of $139.88.
Lamar Advertising (NASDAQ:LAMR - Get Free Report) last posted its earnings results on Thursday, February 20th. The real estate investment trust reported $2.21 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.74. The company had revenue of $579.57 million for the quarter, compared to analyst estimates of $583.19 million. Lamar Advertising had a net margin of 16.40% and a return on equity of 30.20%. As a group, sell-side analysts predict that Lamar Advertising will post 7.92 earnings per share for the current fiscal year.
Lamar Advertising Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a $1.55 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $6.20 dividend on an annualized basis and a yield of 5.53%. This is a boost from Lamar Advertising's previous quarterly dividend of $1.40. Lamar Advertising's dividend payout ratio is presently 175.64%.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the stock. Citigroup upped their price objective on shares of Lamar Advertising from $121.76 to $128.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. dropped their price objective on Lamar Advertising from $129.00 to $126.00 and set a "neutral" rating on the stock in a report on Friday, February 21st. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $134.60.
Get Our Latest Report on LAMR
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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