Lamar Advertising (NASDAQ:LAMR) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC trimmed its position in Lamar Advertising (NASDAQ:LAMR - Free Report) by 99.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,235 shares of the real estate investment trust's stock after selling 323,601 shares during the quarter. Los Angeles Capital Management LLC's holdings in Lamar Advertising were worth $394,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LAMR. Janus Henderson Group PLC lifted its holdings in shares of Lamar Advertising by 2.9% in the 3rd quarter. Janus Henderson Group PLC now owns 4,248,660 shares of the real estate investment trust's stock worth $567,632,000 after buying an additional 119,068 shares during the period. State Street Corp lifted its position in Lamar Advertising by 0.8% during the 3rd quarter. State Street Corp now owns 2,640,356 shares of the real estate investment trust's stock worth $352,752,000 after acquiring an additional 21,852 shares during the period. Geode Capital Management LLC grew its stake in Lamar Advertising by 4.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,054,962 shares of the real estate investment trust's stock valued at $274,595,000 after purchasing an additional 90,775 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Lamar Advertising by 45.5% in the third quarter. Wellington Management Group LLP now owns 1,974,848 shares of the real estate investment trust's stock valued at $263,840,000 after purchasing an additional 617,356 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of Lamar Advertising by 6.5% in the third quarter. JPMorgan Chase & Co. now owns 1,497,702 shares of the real estate investment trust's stock valued at $200,093,000 after purchasing an additional 90,933 shares during the period. Institutional investors own 93.78% of the company's stock.

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Lamar Advertising Trading Up 1.5 %

Shares of LAMR stock traded up $1.90 during mid-day trading on Friday, reaching $125.16. The company's stock had a trading volume of 189,377 shares, compared to its average volume of 419,293. The firm has a market capitalization of $12.82 billion, a PE ratio of 35.41 and a beta of 1.51. The company's 50 day simple moving average is $124.46 and its 200-day simple moving average is $127.83. 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 12-month low of $108.80 and a 12-month high of $139.88.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last announced 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. The company had revenue of $579.57 million for the quarter, compared to analyst estimates of $583.19 million. Lamar Advertising had a return on equity of 30.20% and a net margin of 16.40%. On average, research analysts predict that Lamar Advertising will post 7.92 EPS for the current fiscal year.

Lamar Advertising Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $1.55 dividend. This represents a $6.20 dividend on an annualized basis and a yield of 4.95%. This is an increase from Lamar Advertising's previous quarterly dividend of $1.40. The ex-dividend date is Friday, March 14th. Lamar Advertising's dividend payout ratio (DPR) is 175.64%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on LAMR shares. JPMorgan Chase & Co. reduced their price target 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. Wells Fargo & Company cut their price objective on shares of Lamar Advertising from $132.00 to $124.00 and set an "equal weight" rating for the company in a report on Monday, November 11th. Morgan Stanley raised their target price on Lamar Advertising from $125.00 to $135.00 and gave the company an "equal weight" rating in a research report on Monday, November 11th. StockNews.com cut Lamar Advertising from a "buy" rating to a "hold" rating in a research report on Monday, November 11th. Finally, TD Cowen increased their target price on Lamar Advertising from $142.00 to $160.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Lamar Advertising currently has a consensus rating of "Hold" and an average target price of $134.60.

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.