Asset Management One Co. Ltd. Buys 5,747 Shares of Lamar Advertising (NASDAQ:LAMR)

Asset Management One Co. Ltd. raised its position in Lamar Advertising (NASDAQ:LAMR - Free Report) by 4.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 131,914 shares of the real estate investment trust's stock after purchasing an additional 5,747 shares during the quarter. Asset Management One Co. Ltd. owned 0.13% of Lamar Advertising worth $16,083,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of LAMR. Blue Trust Inc. lifted its stake in Lamar Advertising by 444.1% in the 3rd quarter. Blue Trust Inc. now owns 185 shares of the real estate investment trust's stock valued at $25,000 after acquiring an additional 151 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of Lamar Advertising in the third quarter worth $25,000. Concord Wealth Partners acquired a new position in Lamar Advertising during the third quarter worth $26,000. Assetmark Inc. boosted its holdings in Lamar Advertising by 109.3% during the third quarter. Assetmark Inc. now owns 224 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 117 shares during the last quarter. Finally, Versant Capital Management Inc grew its position in Lamar Advertising by 46.6% in the fourth quarter. Versant Capital Management Inc now owns 450 shares of the real estate investment trust's stock valued at $55,000 after purchasing an additional 143 shares in the last quarter. 93.78% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Morgan Stanley increased their price objective on shares of Lamar Advertising from $125.00 to $135.00 and gave the stock an "equal weight" rating in a research note on Monday, November 11th. StockNews.com downgraded Lamar Advertising from a "buy" rating to a "hold" rating in a research note on Monday, November 11th. 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 report on Monday, November 11th. Finally, TD Cowen raised their target price on shares of Lamar Advertising from $142.00 to $160.00 and gave the company a "buy" rating in a research note 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, Lamar Advertising currently has an average rating of "Hold" and an average price target of $132.40.

Lamar Advertising Stock Performance

LAMR stock traded down $0.90 during trading hours on Wednesday, hitting $132.00. 1,130,192 shares of the stock were exchanged, compared to its average volume of 464,553. The company has a 50-day simple moving average of $124.76 and a two-hundred day simple moving average of $127.19. The firm has a market capitalization of $13.51 billion, a P/E ratio of 26.40 and a beta of 1.51. Lamar Advertising has a 12 month low of $106.43 and a 12 month high of $139.88. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.48.

Lamar Advertising Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Wednesday, December 18th were given a $1.40 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 4.24%. Lamar Advertising's payout ratio is 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.