Nomura Asset Management Co. Ltd. Increases Holdings in Lamar Advertising (NASDAQ:LAMR)

Nomura Asset Management Co. Ltd. boosted its holdings in shares of Lamar Advertising (NASDAQ:LAMR - Free Report) by 5.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,970 shares of the real estate investment trust's stock after acquiring an additional 5,630 shares during the period. Nomura Asset Management Co. Ltd. owned 0.11% of Lamar Advertising worth $14,118,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Cerity Partners LLC boosted its position in shares of Lamar Advertising by 71.0% during the 3rd quarter. Cerity Partners LLC now owns 22,229 shares of the real estate investment trust's stock valued at $2,970,000 after acquiring an additional 9,232 shares during the last quarter. Brooklyn Investment Group acquired a new position in Lamar Advertising in the 3rd quarter valued at about $25,000. BNP Paribas Financial Markets grew its stake in shares of Lamar Advertising by 96.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 97,498 shares of the real estate investment trust's stock valued at $13,026,000 after buying an additional 47,746 shares during the period. CreativeOne Wealth LLC increased its holdings in shares of Lamar Advertising by 44.4% during the 3rd quarter. CreativeOne Wealth LLC now owns 2,470 shares of the real estate investment trust's stock worth $330,000 after buying an additional 760 shares during the last quarter. Finally, 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. 93.78% of the stock is owned by hedge funds and other institutional investors.

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Lamar Advertising Stock Down 4.0 %

LAMR stock traded down $4.42 during midday trading on Friday, hitting $105.03. The company's stock had a trading volume of 1,191,830 shares, compared to its average volume of 458,090. The firm has a 50-day simple moving average of $120.86 and a 200-day simple moving average of $126.38. The firm has a market capitalization of $10.75 billion, a P/E ratio of 29.75 and a beta of 1.53. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 2.48. Lamar Advertising has a 52-week low of $103.25 and a 52-week high of $139.88.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last issued its quarterly 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 company had revenue of $579.57 million for the quarter, compared to the consensus estimate of $583.19 million. Lamar Advertising had a return on equity of 30.20% and a net margin of 16.40%. As a group, equities analysts forecast that Lamar Advertising will post 7.92 EPS for the current year.

Lamar Advertising Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $1.55 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $6.20 dividend on an annualized basis and a yield of 5.90%. This is an increase from Lamar Advertising's previous quarterly dividend of $1.40. Lamar Advertising's payout ratio is currently 175.64%.

Analysts Set New Price Targets

LAMR has been the subject of several analyst reports. JPMorgan Chase & Co. lowered their price objective on 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 increased their price target on Lamar Advertising from $121.76 to $128.00 and gave the stock a "neutral" rating in a report 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's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $134.60.

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.