Boston Partners lifted its holdings in Lamar Advertising (NASDAQ:LAMR - Free Report) by 6.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,423,981 shares of the real estate investment trust's stock after purchasing an additional 152,575 shares during the period. Boston Partners owned about 2.37% of Lamar Advertising worth $295,122,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of the business. Argent Advisors Inc. lifted its position in shares of Lamar Advertising by 0.9% in the 4th quarter. Argent Advisors Inc. now owns 12,834 shares of the real estate investment trust's stock worth $1,562,000 after purchasing an additional 115 shares during the period. Tocqueville Asset Management L.P. lifted its position in shares of Lamar Advertising by 40.0% in the 4th quarter. Tocqueville Asset Management L.P. now owns 21,873 shares of the real estate investment trust's stock worth $2,663,000 after purchasing an additional 6,252 shares during the period. Cibc World Markets Corp lifted its position in Lamar Advertising by 10.2% during the fourth quarter. Cibc World Markets Corp now owns 25,601 shares of the real estate investment trust's stock valued at $3,117,000 after acquiring an additional 2,376 shares during the last quarter. Signature Wealth Management Group lifted its position in Lamar Advertising by 1.7% during the fourth quarter. Signature Wealth Management Group now owns 31,215 shares of the real estate investment trust's stock valued at $3,800,000 after acquiring an additional 523 shares during the last quarter. Finally, Harbour Investments Inc. lifted 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 acquiring an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 93.78% of the company's stock.
Lamar Advertising Stock Performance
Lamar Advertising stock traded down $0.96 during mid-day trading on Friday, reaching $111.19. 1,209,566 shares of the company traded hands, compared to its average volume of 435,355. 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 has a fifty-two week low of $108.80 and a fifty-two week high of $139.88. The company has a market capitalization of $11.39 billion, a price-to-earnings ratio of 31.50 and a beta of 1.53. The firm's fifty day moving average is $123.20 and its two-hundred day moving average is $127.30.
Lamar Advertising (NASDAQ:LAMR - Get Free Report) last issued 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 16.40% and a return on equity of 30.20%. The business had revenue of $579.57 million for the quarter, compared to analyst estimates of $583.19 million. On average, equities research analysts expect that Lamar Advertising will post 7.92 earnings per share for the current fiscal year.
Lamar Advertising Increases Dividend
The business also recently declared 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 a positive change from Lamar Advertising's previous quarterly dividend of $1.40. The ex-dividend date is Friday, March 14th. This represents a $6.20 dividend on an annualized basis and a yield of 5.58%. Lamar Advertising's dividend payout ratio is presently 175.64%.
Analyst Upgrades and Downgrades
LAMR has been the subject of a number of analyst reports. Citigroup increased their target price on shares of Lamar Advertising from $121.76 to $128.00 and gave the company a "neutral" rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. decreased 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. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $134.60.
Get 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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