Assetmark Inc. boosted its position in Lamar Advertising (NASDAQ:LAMR - Free Report) by 11,519.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,028 shares of the real estate investment trust's stock after purchasing an additional 25,804 shares during the period. Assetmark Inc.'s holdings in Lamar Advertising were worth $3,169,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors also recently bought and sold shares of the business. Brooklyn Investment Group bought a new stake in Lamar Advertising during the 3rd quarter valued at $25,000. Blue Trust Inc. lifted its holdings in shares of Lamar Advertising by 58.4% during the 4th quarter. Blue Trust Inc. now owns 293 shares of the real estate investment trust's stock valued at $39,000 after purchasing an additional 108 shares during the last quarter. Versant Capital Management Inc boosted its holdings in Lamar Advertising by 46.6% in the fourth quarter. Versant Capital Management Inc now owns 450 shares of the real estate investment trust's stock worth $55,000 after acquiring an additional 143 shares in the last quarter. Avior Wealth Management LLC grew its position 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 worth $71,000 after purchasing an additional 84 shares during the last quarter. Finally, UMB Bank n.a. increased its position in shares of Lamar Advertising by 14.7% in the 4th quarter. UMB Bank n.a. now owns 701 shares of the real estate investment trust's stock valued at $85,000 after acquiring an additional 90 shares during the period. Hedge funds and other institutional investors own 93.78% of the company's stock.
Lamar Advertising Price Performance
Shares of LAMR stock traded down $3.61 during trading hours on Thursday, reaching $110.65. The company had a trading volume of 962,352 shares, compared to its average volume of 424,968. The stock has a fifty day moving average of $124.30 and a 200-day moving average of $127.88. The company has a market capitalization of $11.33 billion, a price-to-earnings ratio of 31.35 and a beta of 1.53. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.56 and a current ratio of 0.56. Lamar Advertising has a 12-month low of $108.80 and a 12-month high of $139.88.
Lamar Advertising (NASDAQ:LAMR - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.47 by $0.74. Lamar Advertising had a net margin of 16.40% and a return on equity of 30.20%. The business had revenue of $579.57 million during the quarter, compared to the consensus estimate of $583.19 million. On average, equities analysts anticipate that Lamar Advertising will post 7.92 earnings per share for the current year.
Lamar Advertising Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a $1.55 dividend. This is an increase from Lamar Advertising's previous quarterly dividend of $1.40. This represents a $6.20 annualized dividend and a yield of 5.60%. The ex-dividend date is Friday, March 14th. Lamar Advertising's payout ratio is currently 175.64%.
Analyst Ratings Changes
A number of research analysts recently issued reports on LAMR shares. Citigroup boosted their target price 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. JPMorgan Chase & Co. reduced their price objective 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. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $134.60.
View Our Latest Analysis on LAMR
About Lamar Advertising
(
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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