Hennion & Walsh Asset Management Inc. Has $2.51 Million Holdings in Lamar Advertising (NASDAQ:LAMR)

Hennion & Walsh Asset Management Inc. boosted its stake in Lamar Advertising (NASDAQ:LAMR - Free Report) by 28.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,611 shares of the real estate investment trust's stock after purchasing an additional 4,545 shares during the period. Hennion & Walsh Asset Management Inc.'s holdings in Lamar Advertising were worth $2,509,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in shares of Lamar Advertising by 444.1% during the third quarter. Blue Trust Inc. now owns 185 shares of the real estate investment trust's stock worth $25,000 after purchasing an additional 151 shares during the last quarter. Brooklyn Investment Group acquired a new stake in Lamar Advertising during the 3rd quarter worth approximately $25,000. Concord Wealth Partners bought a new stake in Lamar Advertising during the 3rd quarter worth approximately $26,000. Assetmark Inc. increased its position in Lamar Advertising by 109.3% in the 3rd quarter. Assetmark Inc. now owns 224 shares of the real estate investment trust's stock valued at $30,000 after acquiring an additional 117 shares during the period. Finally, Versant Capital Management Inc increased its position 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 period. Institutional investors and hedge funds own 93.78% of the company's stock.

Wall Street Analyst Weigh In

LAMR has been the topic of a number of recent research reports. StockNews.com lowered shares of Lamar Advertising from a "buy" rating to a "hold" rating in a report on Monday, November 11th. Morgan Stanley lifted their target price on Lamar Advertising from $125.00 to $135.00 and gave the stock an "equal weight" rating in a report on Monday, November 11th. TD Cowen increased their price target on Lamar Advertising from $142.00 to $160.00 and gave the company a "buy" rating in a research note on Monday, November 11th. Finally, Wells Fargo & Company lowered their price objective on Lamar Advertising from $132.00 to $124.00 and set an "equal weight" rating for the company in a research report on Monday, November 11th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $132.40.

Lamar Advertising Trading Up 3.0 %

LAMR traded up $3.60 during trading on Friday, reaching $125.25. 610,153 shares of the stock traded hands, compared to its average volume of 446,283. 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 moving average is $126.30 and its 200 day moving average is $125.99. Lamar Advertising has a 12 month low of $102.10 and a 12 month high of $139.88. The stock has a market capitalization of $12.82 billion, a PE ratio of 25.05 and a beta of 1.50.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last announced its earnings results on Friday, November 8th. The real estate investment trust reported $1.44 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.73). The business had revenue of $564.10 million for the quarter, compared to the consensus estimate of $568.91 million. Lamar Advertising had a net margin of 23.46% and a return on equity of 42.58%. The firm's revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.04 EPS. Equities analysts anticipate that Lamar Advertising will post 7.49 earnings per share for the current year.

Lamar Advertising Announces Dividend

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

About Lamar Advertising

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.