Boston Trust Walden Corp Has $51.21 Million Stake in Lamar Advertising (NASDAQ:LAMR)

Boston Trust Walden Corp boosted its position in shares of Lamar Advertising (NASDAQ:LAMR - Free Report) by 3.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 420,640 shares of the real estate investment trust's stock after purchasing an additional 12,827 shares during the period. Boston Trust Walden Corp owned about 0.41% of Lamar Advertising worth $51,209,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LAMR. Wellington Management Group LLP increased its position in Lamar Advertising by 45.5% in the third quarter. Wellington Management Group LLP now owns 1,974,848 shares of the real estate investment trust's stock worth $263,840,000 after purchasing an additional 617,356 shares during the period. Los Angeles Capital Management LLC acquired a new stake in shares of Lamar Advertising during the 3rd quarter worth approximately $43,665,000. International Assets Investment Management LLC raised its stake in shares of Lamar Advertising by 49,140.4% during the third quarter. International Assets Investment Management LLC now owns 285,102 shares of the real estate investment trust's stock worth $38,090,000 after buying an additional 284,523 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Lamar Advertising by 148.9% during the third quarter. Daiwa Securities Group Inc. now owns 434,563 shares of the real estate investment trust's stock worth $58,058,000 after buying an additional 259,979 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. lifted its holdings in Lamar Advertising by 631.7% in the third quarter. Duff & Phelps Investment Management Co. now owns 180,296 shares of the real estate investment trust's stock valued at $24,088,000 after buying an additional 155,656 shares during the period. 93.78% of the stock is currently owned by institutional investors and hedge funds.

Lamar Advertising Trading Up 0.9 %

Shares of LAMR traded up $1.18 during trading hours on Friday, reaching $127.73. The stock had a trading volume of 374,667 shares, compared to its average volume of 424,251. The firm has a 50-day moving average of $125.37 and a 200 day moving average of $126.69. 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 market cap of $13.07 billion, a P/E ratio of 25.55 and a beta of 1.51. Lamar Advertising has a 52 week low of $102.10 and a 52 week high of $139.88.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last released its quarterly earnings results on Friday, November 8th. The real estate investment trust reported $1.44 EPS for the quarter, missing analysts' consensus estimates of $2.17 by ($0.73). Lamar Advertising had a return on equity of 42.58% and a net margin of 23.46%. The business had revenue of $564.10 million for the quarter, compared to analyst estimates of $568.91 million. During the same period in the prior year, the business earned $2.04 EPS. The company's revenue for the quarter was up 4.0% compared to the same quarter last year. On average, sell-side analysts expect that Lamar Advertising will post 7.49 earnings per share for the current fiscal year.

Lamar Advertising Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Wednesday, December 18th were issued a $1.40 dividend. This represents a $5.60 annualized dividend and a dividend yield of 4.38%. The ex-dividend date was Wednesday, December 18th. Lamar Advertising's dividend payout ratio (DPR) is presently 112.00%.

Analyst Upgrades and Downgrades

Several brokerages have commented on LAMR. Wells Fargo & Company dropped their target price on shares of Lamar Advertising from $132.00 to $124.00 and set an "equal weight" rating for the company in a research report on Monday, November 11th. Morgan Stanley lifted their price objective on 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 lowered Lamar Advertising from a "buy" rating to a "hold" rating in a research note on Monday, November 11th. Finally, TD Cowen boosted their target price on Lamar Advertising from $142.00 to $160.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $132.40.

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.