Lamar Advertising (NASDAQ:LAMR) Shares Sold by Gilman Hill Asset Management LLC

Gilman Hill Asset Management LLC cut its stake in shares of Lamar Advertising (NASDAQ:LAMR - Free Report) by 6.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 89,615 shares of the real estate investment trust's stock after selling 6,580 shares during the quarter. Lamar Advertising makes up approximately 1.9% of Gilman Hill Asset Management LLC's holdings, making the stock its 6th biggest holding. Gilman Hill Asset Management LLC owned about 0.09% of Lamar Advertising worth $10,910,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of LAMR. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Lamar Advertising by 10.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 7,798 shares of the real estate investment trust's stock valued at $931,000 after acquiring an additional 736 shares in the last quarter. Hsbc Holdings PLC raised its holdings in shares of Lamar Advertising by 40.0% in the 2nd quarter. Hsbc Holdings PLC now owns 14,808 shares of the real estate investment trust's stock valued at $1,758,000 after purchasing an additional 4,233 shares in the last quarter. Intech Investment Management LLC bought a new stake in shares of Lamar Advertising in the 2nd quarter valued at about $2,290,000. Sei Investments Co. lifted its position in shares of Lamar Advertising by 27.8% in the 2nd quarter. Sei Investments Co. now owns 20,549 shares of the real estate investment trust's stock worth $2,456,000 after purchasing an additional 4,464 shares during the period. Finally, Ensign Peak Advisors Inc boosted its stake in shares of Lamar Advertising by 17.0% during the second quarter. Ensign Peak Advisors Inc now owns 54,900 shares of the real estate investment trust's stock valued at $6,562,000 after purchasing an additional 7,995 shares in the last quarter. Institutional investors own 93.78% of the company's stock.

Analyst Upgrades and Downgrades

LAMR has been the subject of a number of recent research reports. Morgan Stanley boosted their price objective on shares of 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 report on Monday, November 11th. TD Cowen raised their price objective on Lamar Advertising from $142.00 to $160.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Finally, Wells Fargo & Company reduced 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 report on Monday, November 11th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $132.40.

Lamar Advertising Stock Up 3.0 %

Shares of LAMR traded up $3.60 during midday trading on Monday, hitting $125.25. 610,153 shares of the company's stock traded hands, compared to its average volume of 446,283. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.48. The stock has a market capitalization of $12.82 billion, a price-to-earnings ratio of 25.05 and a beta of 1.50. Lamar Advertising has a 1 year low of $102.10 and a 1 year high of $139.88. The firm's fifty day moving average is $126.30 and its 200-day moving average is $126.04.

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 net margin of 23.46% and a return on equity of 42.58%. The business had revenue of $564.10 million during the quarter, compared to analysts' expectations of $568.91 million. During the same quarter last year, the business posted $2.04 earnings per share. The company's quarterly revenue was up 4.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Lamar Advertising will post 7.49 earnings per share for the current year.

Lamar Advertising Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Wednesday, December 18th were given a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 4.47%. The ex-dividend date of this dividend was Wednesday, December 18th. Lamar Advertising's dividend payout ratio is presently 112.00%.

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.