Centersquare Investment Management LLC Has $73.41 Million Stake in Lamar Advertising (NASDAQ:LAMR)

Centersquare Investment Management LLC lifted its stake in shares of Lamar Advertising (NASDAQ:LAMR - Free Report) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 603,010 shares of the real estate investment trust's stock after acquiring an additional 11,635 shares during the quarter. Centersquare Investment Management LLC owned 0.59% of Lamar Advertising worth $73,410,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Rialto Wealth Management LLC purchased a new stake in shares of Lamar Advertising in the 4th quarter valued at approximately $25,000. Blue Trust Inc. lifted its holdings in shares of Lamar Advertising by 58.4% in the fourth 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 in the last quarter. Versant Capital Management Inc lifted its holdings in shares of 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 valued at $55,000 after purchasing an additional 143 shares in the last quarter. Avior Wealth Management LLC boosted its position in shares of Lamar Advertising by 16.8% in the fourth quarter. Avior Wealth Management LLC now owns 584 shares of the real estate investment trust's stock worth $71,000 after buying an additional 84 shares during the period. Finally, UMB Bank n.a. grew its holdings in shares of Lamar Advertising by 14.7% during the fourth quarter. UMB Bank n.a. now owns 701 shares of the real estate investment trust's stock valued at $85,000 after buying an additional 90 shares in the last quarter. 93.78% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

LAMR has been the subject of a number of research reports. Citigroup raised their price objective on Lamar Advertising from $121.76 to $128.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. lowered their price objective on shares of Lamar Advertising from $129.00 to $126.00 and set a "neutral" rating on the stock in a research report on Friday, February 21st. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $134.60.

Lamar Advertising Stock Down 0.3 %

Shares of Lamar Advertising stock traded down $0.28 during trading on Wednesday, hitting $102.07. 373,727 shares of the stock traded hands, compared to its average volume of 467,395. The stock has a market cap of $10.45 billion, a P/E ratio of 28.95 and a beta of 1.34. The company has a fifty day moving average price of $119.45 and a two-hundred day moving average price of $125.75. Lamar Advertising has a twelve month low of $99.02 and a twelve month high of $139.88. 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 (NASDAQ:LAMR - Get Free Report) last posted its earnings results on Thursday, February 20th. The real estate investment trust reported $2.21 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $579.57 million during the quarter, compared to analysts' expectations of $583.19 million. Equities research analysts predict that Lamar Advertising will post 7.92 EPS for the current fiscal year.

Lamar Advertising Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $1.55 dividend. This represents a $6.20 dividend on an annualized basis and a dividend yield of 6.07%. This is an increase from Lamar Advertising's previous quarterly dividend of $1.40. The ex-dividend date was Friday, March 14th. Lamar Advertising's dividend payout ratio (DPR) is presently 175.64%.

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.