EntryPoint Capital LLC acquired a new stake in Lamar Advertising (NASDAQ:LAMR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,801 shares of the real estate investment trust's stock, valued at approximately $341,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Janus Henderson Group PLC increased its holdings in shares of Lamar Advertising by 2.9% in the 3rd quarter. Janus Henderson Group PLC now owns 4,248,660 shares of the real estate investment trust's stock valued at $567,632,000 after acquiring an additional 119,068 shares during the last quarter. State Street Corp increased its position in Lamar Advertising by 0.8% during the third quarter. State Street Corp now owns 2,640,356 shares of the real estate investment trust's stock worth $352,752,000 after buying an additional 21,852 shares during the period. Boston Partners lifted its stake in Lamar Advertising by 6.7% in the fourth quarter. Boston Partners now owns 2,423,981 shares of the real estate investment trust's stock valued at $295,122,000 after buying an additional 152,575 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Lamar Advertising by 4.6% in the third quarter. Geode Capital Management LLC now owns 2,054,962 shares of the real estate investment trust's stock valued at $274,595,000 after acquiring an additional 90,775 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in shares of 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 valued at $263,840,000 after acquiring an additional 617,356 shares during the period. 93.78% of the stock is currently owned by institutional investors and hedge funds.
Lamar Advertising Stock Performance
Shares of NASDAQ LAMR traded up $1.32 during mid-day trading on Monday, hitting $113.78. 467,314 shares of the company were exchanged, compared to its average volume of 449,091. The stock has a 50 day simple moving average of $122.15 and a 200-day simple moving average of $126.87. Lamar Advertising has a 1-year low of $108.80 and a 1-year high of $139.88. 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 firm has a market cap of $11.65 billion, a price-to-earnings ratio of 32.23 and a beta of 1.53.
Lamar Advertising (NASDAQ:LAMR - Get Free Report) last issued its earnings results on Thursday, February 20th. The real estate investment trust reported $2.21 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.74. The business had revenue of $579.57 million for the quarter, compared to the consensus estimate of $583.19 million. Lamar Advertising had a net margin of 16.40% and a return on equity of 30.20%. On average, sell-side analysts forecast 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 was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a dividend of $1.55 per share. This represents a $6.20 dividend on an annualized basis and a dividend yield of 5.45%. This is an increase from Lamar Advertising's previous quarterly dividend of $1.40. The ex-dividend date of this dividend was Friday, March 14th. Lamar Advertising's dividend payout ratio is 175.64%.
Wall Street Analyst Weigh In
LAMR has been the subject of several research reports. JPMorgan Chase & Co. reduced their price target 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. Citigroup lifted their price objective on shares of 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 company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $134.60.
View Our Latest Stock Analysis on LAMR
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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