Legacy Financial Group LLC purchased a new stake in Lamar Advertising (NASDAQ:LAMR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,565 shares of the real estate investment trust's stock, valued at approximately $312,000.
A number of other institutional investors and hedge funds have also modified their holdings of LAMR. First Citizens Bank & Trust Co. raised its stake in Lamar Advertising by 14.5% during the fourth quarter. First Citizens Bank & Trust Co. now owns 2,192 shares of the real estate investment trust's stock worth $267,000 after acquiring an additional 277 shares in the last quarter. Tributary Capital Management LLC raised its position in shares of Lamar Advertising by 46.7% during the fourth quarter. Tributary Capital Management LLC now owns 9,692 shares of the real estate investment trust's stock worth $1,180,000 after acquiring an additional 3,086 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its holdings in Lamar Advertising by 0.5% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 44,424 shares of the real estate investment trust's stock valued at $5,408,000 after acquiring an additional 224 shares during the last quarter. Fifth Third Bancorp lifted its position in Lamar Advertising by 40.4% during the 4th quarter. Fifth Third Bancorp now owns 5,109 shares of the real estate investment trust's stock valued at $622,000 after purchasing an additional 1,471 shares during the period. Finally, Impact Partnership Wealth LLC boosted its stake in shares of Lamar Advertising by 24.9% in the 4th quarter. Impact Partnership Wealth LLC now owns 6,635 shares of the real estate investment trust's stock valued at $808,000 after purchasing an additional 1,323 shares during the last quarter. 93.78% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of analysts recently weighed in on LAMR shares. TD Cowen increased their price target on shares of Lamar Advertising from $142.00 to $160.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Morgan Stanley lifted their price target on shares of Lamar Advertising from $125.00 to $135.00 and gave the stock an "equal weight" rating in a research report on Monday, November 11th. Wells Fargo & Company reduced their target price on Lamar Advertising from $132.00 to $124.00 and set an "equal weight" rating on the stock in a report on Monday, November 11th. Finally, StockNews.com downgraded Lamar Advertising from a "buy" rating to a "hold" rating in a report on Monday, November 11th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Lamar Advertising presently has a consensus rating of "Hold" and an average target price of $132.40.
View Our Latest Stock Analysis on Lamar Advertising
Lamar Advertising Stock Performance
Lamar Advertising stock traded up $0.09 during mid-day trading on Monday, hitting $128.19. 362,830 shares of the company's stock traded hands, compared to its average volume of 484,483. The firm has a 50 day simple moving average of $126.16 and a two-hundred day simple moving average of $126.33. The company has a debt-to-equity ratio of 2.48, a current ratio of 0.56 and a quick ratio of 0.56. The stock has a market cap of $13.12 billion, a price-to-earnings ratio of 25.64 and a beta of 1.50. Lamar Advertising has a fifty-two week low of $102.10 and a fifty-two week high of $139.88.
Lamar Advertising (NASDAQ:LAMR - Get Free Report) last issued its quarterly earnings results on Friday, November 8th. The real estate investment trust reported $1.44 EPS for the quarter, missing analysts' consensus estimates of $2.17 by ($0.73). Lamar Advertising had a return on equity of 42.58% and a net margin of 23.46%. The company had revenue of $564.10 million during the quarter, compared to the consensus estimate of $568.91 million. During the same quarter in the previous year, the business posted $2.04 EPS. The firm's revenue for the quarter was up 4.0% on a year-over-year basis. On average, research analysts expect that Lamar Advertising will post 7.49 EPS for the current fiscal year.
Lamar Advertising Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Wednesday, December 18th were given a $1.40 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 4.37%. Lamar Advertising's dividend payout ratio (DPR) is presently 112.00%.
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.
Further Reading
Before you consider Lamar Advertising, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lamar Advertising wasn't on the list.
While Lamar Advertising currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
