Lamar Advertising (NASDAQ:LAMR) Holdings Raised by Fmr LLC

FMR LLC grew its holdings in Lamar Advertising (NASDAQ:LAMR - Free Report) by 11.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,527,270 shares of the real estate investment trust's stock after buying an additional 545,606 shares during the quarter. FMR LLC owned about 5.40% of Lamar Advertising worth $672,890,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LAMR. Rialto Wealth Management LLC acquired a new position in Lamar Advertising during the fourth quarter worth $25,000. Blue Trust Inc. boosted its position in shares of Lamar Advertising by 58.4% in the 4th quarter. Blue Trust Inc. now owns 293 shares of the real estate investment trust's stock worth $39,000 after buying an additional 108 shares in the last quarter. Versant Capital Management Inc grew its stake in Lamar Advertising by 46.6% in the 4th quarter. Versant Capital Management Inc now owns 450 shares of the real estate investment trust's stock valued at $55,000 after acquiring an additional 143 shares during the last quarter. Avior Wealth Management LLC increased its holdings in Lamar Advertising by 16.8% during the 4th quarter. Avior Wealth Management LLC now owns 584 shares of the real estate investment trust's stock valued at $71,000 after acquiring an additional 84 shares in the last quarter. Finally, UMB Bank n.a. raised its position in Lamar Advertising by 14.7% during the fourth quarter. UMB Bank n.a. now owns 701 shares of the real estate investment trust's stock worth $85,000 after acquiring an additional 90 shares during the last quarter. Institutional investors and hedge funds own 93.78% of the company's stock.

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Wall Street Analyst Weigh In

A number of research firms have recently weighed in on LAMR. JPMorgan Chase & Co. cut their price target 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 boosted their price objective 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. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $134.60.

Lamar Advertising Stock Performance

LAMR stock traded up $0.17 during mid-day trading on Monday, reaching $113.18. The company had a trading volume of 89,452 shares, compared to its average volume of 478,312. Lamar Advertising has a one year low of $99.84 and a one year high of $139.88. The stock has a market capitalization of $11.59 billion, a P/E ratio of 32.06 and a beta of 1.34. 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 stock's 50-day simple moving average is $118.38 and its two-hundred day simple moving average is $125.15.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last released its earnings results on Thursday, February 20th. The real estate investment trust reported $2.21 EPS for the quarter, beating the consensus estimate of $1.47 by $0.74. Lamar Advertising had a net margin of 16.40% and a return on equity of 30.20%. The firm had revenue of $579.57 million for the quarter, compared to analysts' expectations of $583.19 million. Research analysts anticipate that Lamar Advertising will post 7.92 EPS for the current year.

Lamar Advertising Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a $1.55 dividend. This represents a $6.20 dividend on an annualized basis and a yield of 5.48%. This is an increase from Lamar Advertising's previous quarterly dividend of $1.40. The ex-dividend date was Friday, March 14th. Lamar Advertising's dividend payout ratio is presently 175.64%.

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.