Anchor Capital Advisors LLC Has $50.70 Million Holdings in Lamar Advertising (NASDAQ:LAMR)

Anchor Capital Advisors LLC lessened its position in Lamar Advertising (NASDAQ:LAMR - Free Report) by 4.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 416,426 shares of the real estate investment trust's stock after selling 19,798 shares during the quarter. Lamar Advertising makes up about 1.4% of Anchor Capital Advisors LLC's portfolio, making the stock its 15th biggest position. Anchor Capital Advisors LLC owned about 0.41% of Lamar Advertising worth $50,696,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP boosted its position in Lamar Advertising by 45.5% during the third quarter. Wellington Management Group LLP now owns 1,974,848 shares of the real estate investment trust's stock valued at $263,840,000 after purchasing an additional 617,356 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in Lamar Advertising during the third quarter worth about $43,665,000. Daiwa Securities Group Inc. boosted its stake in shares of Lamar Advertising by 148.9% during the 3rd 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 period. Duff & Phelps Investment Management Co. increased its holdings in shares of Lamar Advertising by 631.7% during the 3rd 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. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Lamar Advertising by 129.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 235,267 shares of the real estate investment trust's stock valued at $31,432,000 after purchasing an additional 132,734 shares during the last quarter. Institutional investors own 93.78% of the company's stock.

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Wall Street Analyst Weigh In

LAMR has been the subject of several research analyst reports. Morgan Stanley lifted their target price 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. TD Cowen increased their price objective on Lamar Advertising from $142.00 to $160.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. 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 research report on Friday, February 21st. Wells Fargo & Company lowered 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 report on Monday, November 11th. Finally, StockNews.com downgraded Lamar Advertising from a "buy" rating to a "hold" rating in a research 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 has an average rating of "Hold" and a consensus price target of $134.60.

Lamar Advertising Price Performance

Shares of Lamar Advertising stock traded down $2.39 on Tuesday, reaching $122.03. 375,993 shares of the stock were exchanged, compared to its average volume of 422,723. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.56 and a current ratio of 0.56. The firm has a market cap of $12.49 billion, a PE ratio of 34.62 and a beta of 1.51. The firm's 50 day moving average is $124.46 and its 200-day moving average is $127.86. Lamar Advertising has a one year low of $108.80 and a one year high of $139.88.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last released its earnings results on Thursday, February 20th. The real estate investment trust reported $2.21 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $583.19 million. As a group, analysts anticipate that Lamar Advertising will post 7.92 EPS for the current fiscal year.

Lamar Advertising Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $1.55 per share. This is an increase from Lamar Advertising's previous quarterly dividend of $1.40. The ex-dividend date is Friday, March 14th. This represents a $6.20 annualized dividend and a yield of 5.08%. Lamar Advertising's payout ratio is presently 175.64%.

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.