Headlands Technologies LLC acquired a new position in shares of Lamar Advertising (NASDAQ:LAMR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 5,067 shares of the real estate investment trust's stock, valued at approximately $617,000.
Other institutional investors also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Lamar Advertising by 5.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,556 shares of the real estate investment trust's stock worth $2,078,000 after buying an additional 740 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Lamar Advertising by 129.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 235,267 shares of the real estate investment trust's stock worth $31,432,000 after acquiring an additional 132,734 shares during the last quarter. Walleye Capital LLC purchased a new stake in Lamar Advertising in the third quarter valued at $342,000. Holocene Advisors LP purchased a new stake in Lamar Advertising in the third quarter valued at $1,345,000. Finally, Hilltop Holdings Inc. lifted its stake in shares of Lamar Advertising by 17.4% in the 3rd quarter. Hilltop Holdings Inc. now owns 3,472 shares of the real estate investment trust's stock valued at $464,000 after purchasing an additional 514 shares during the last quarter. 93.78% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on LAMR. JPMorgan Chase & Co. reduced their price objective on shares of Lamar Advertising from $129.00 to $126.00 and set a "neutral" rating on the stock in a report on Friday, February 21st. Citigroup boosted their price target 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 research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $134.60.
Check Out Our Latest Stock Report on Lamar Advertising
Lamar Advertising Trading Down 0.7 %
NASDAQ LAMR traded down $0.69 during trading on Monday, hitting $104.34. The stock had a trading volume of 602,955 shares, compared to its average volume of 459,614. 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 capitalization of $10.68 billion, a PE ratio of 29.38 and a beta of 1.34. The firm has a 50 day moving average price of $120.86 and a 200 day moving average price of $126.32. Lamar Advertising has a twelve month low of $100.03 and a twelve month high of $139.88.
Lamar Advertising (NASDAQ:LAMR - Get Free Report) last announced its earnings results on Thursday, February 20th. The real estate investment trust reported $2.21 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.74. The firm 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%. As a group, equities research analysts forecast that Lamar Advertising will post 7.92 earnings per share for the current year.
Lamar Advertising Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $1.55 dividend. This is a boost from Lamar Advertising's previous quarterly dividend of $1.40. This represents a $6.20 annualized dividend and a dividend yield of 5.94%. The ex-dividend date of this dividend was Friday, March 14th. Lamar Advertising's dividend payout ratio (DPR) is presently 175.64%.
Lamar Advertising Company 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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