Barclays PLC Purchases 57,209 Shares of Lamar Advertising (NASDAQ:LAMR)

Barclays PLC increased its position in shares of Lamar Advertising (NASDAQ:LAMR - Free Report) by 72.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 136,075 shares of the real estate investment trust's stock after acquiring an additional 57,209 shares during the period. Barclays PLC owned approximately 0.13% of Lamar Advertising worth $16,565,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Carmel Capital Partners LLC increased its position in shares of Lamar Advertising by 2.0% during the 4th quarter. Carmel Capital Partners LLC now owns 4,060 shares of the real estate investment trust's stock valued at $494,000 after purchasing an additional 81 shares during the last quarter. Sanctuary Advisors LLC grew its holdings in shares of Lamar Advertising by 0.4% during the 4th quarter. Sanctuary Advisors LLC now owns 19,259 shares of the real estate investment trust's stock valued at $2,442,000 after purchasing an additional 82 shares during the last quarter. Avior Wealth Management LLC raised its position in Lamar Advertising by 16.8% in the 4th quarter. Avior Wealth Management LLC now owns 584 shares of the real estate investment trust's stock worth $71,000 after purchasing an additional 84 shares during the period. UMB Bank n.a. lifted its stake in Lamar Advertising by 14.7% in the fourth quarter. UMB Bank n.a. now owns 701 shares of the real estate investment trust's stock worth $85,000 after purchasing an additional 90 shares during the last quarter. Finally, Harbour Investments Inc. boosted its position in Lamar Advertising by 12.1% during the fourth quarter. Harbour Investments Inc. now owns 878 shares of the real estate investment trust's stock valued at $107,000 after buying an additional 95 shares during the period. 93.78% of the stock is currently owned by hedge funds and other institutional investors.

Lamar Advertising Trading Up 1.6 %

LAMR traded up $1.74 during midday trading on Thursday, reaching $112.49. 586,566 shares of the company's stock traded hands, compared to its average volume of 490,693. The stock has a market capitalization of $11.52 billion, a price-to-earnings ratio of 31.87 and a beta of 1.34. Lamar Advertising has a 52 week low of $99.84 and a 52 week high of $139.88. The firm has a fifty day moving average of $115.49 and a two-hundred day moving average of $123.97. The company has a debt-to-equity ratio of 2.48, a current ratio of 0.56 and a quick ratio of 0.56.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.21 EPS for the quarter, topping analysts' consensus estimates of $1.47 by $0.74. Lamar Advertising had a return on equity of 30.20% and a net margin of 16.40%. The company had revenue of $579.57 million during the quarter, compared to analyst estimates of $583.19 million. On average, equities analysts anticipate that Lamar Advertising will post 7.92 earnings per share for the current fiscal year.

Lamar Advertising Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $1.55 per share. This represents a $6.20 annualized dividend and a yield of 5.51%. This is a boost from Lamar Advertising's previous quarterly dividend of $1.40. The ex-dividend date of this dividend was Friday, March 14th. Lamar Advertising's payout ratio is presently 175.64%.

Analyst Ratings Changes

LAMR has been the subject of several analyst reports. JPMorgan Chase & Co. dropped their target price on Lamar Advertising from $129.00 to $126.00 and set a "neutral" rating for the company in a report on Friday, February 21st. Citigroup increased their price objective on Lamar Advertising from $121.76 to $128.00 and gave the company a "neutral" rating in a research note on Tuesday, February 25th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Lamar Advertising presently has a consensus rating of "Hold" and an average target price of $134.60.

Lamar Advertising Company 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.