MML Investors Services LLC increased its stake in Lamar Advertising (NASDAQ:LAMR - Free Report) by 3.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 67,411 shares of the real estate investment trust's stock after buying an additional 2,379 shares during the period. MML Investors Services LLC owned about 0.07% of Lamar Advertising worth $8,207,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC increased its holdings in shares of Lamar Advertising by 11.0% in the 4th quarter. FMR LLC now owns 5,527,270 shares of the real estate investment trust's stock valued at $672,890,000 after acquiring an additional 545,606 shares during the last quarter. Cohen & Steers Inc. increased its stake in Lamar Advertising by 453.6% during the fourth quarter. Cohen & Steers Inc. now owns 2,660,664 shares of the real estate investment trust's stock valued at $323,900,000 after purchasing an additional 2,180,011 shares during the last quarter. Boston Partners increased its stake in Lamar Advertising by 6.7% during the fourth quarter. Boston Partners now owns 2,423,981 shares of the real estate investment trust's stock valued at $295,122,000 after purchasing an additional 152,575 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Lamar Advertising by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 2,114,001 shares of the real estate investment trust's stock worth $257,414,000 after buying an additional 59,039 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Lamar Advertising by 6.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,497,702 shares of the real estate investment trust's stock valued at $200,093,000 after buying an additional 90,933 shares during the period. 93.78% of the stock is owned by institutional investors and hedge funds.
Lamar Advertising Stock Performance
LAMR stock traded down $0.11 on Friday, reaching $112.12. The company's stock had a trading volume of 535,327 shares, compared to its average volume of 493,802. Lamar Advertising has a 52 week low of $99.84 and a 52 week high of $139.88. The company has a market capitalization of $11.48 billion, a P/E ratio of 31.76 and a beta of 1.34. The firm has a fifty day moving average of $114.72 and a two-hundred day moving average of $123.63. The company has a debt-to-equity ratio of 2.48, a current ratio of 0.56 and a quick ratio of 0.56.
Lamar Advertising (NASDAQ:LAMR - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $2.21 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.74. The business had revenue of $579.57 million during the quarter, compared to the consensus estimate of $583.19 million. Lamar Advertising had a net margin of 16.40% and a return on equity of 30.20%. As a group, analysts predict that Lamar Advertising will post 7.92 EPS for the current fiscal year.
Lamar Advertising Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a $1.55 dividend. This represents a $6.20 dividend on an annualized basis and a yield of 5.53%. This is an increase from Lamar Advertising's previous quarterly dividend of $1.40. The ex-dividend date of this dividend was Friday, March 14th. Lamar Advertising's dividend payout ratio is 175.64%.
Analyst Ratings Changes
A number of equities analysts have commented on the company. JPMorgan Chase & Co. decreased their target price on Lamar Advertising from $129.00 to $126.00 and set a "neutral" rating for the company in a research note on Friday, February 21st. Citigroup boosted their price objective on Lamar Advertising from $121.76 to $128.00 and gave the company a "neutral" rating in a research report on Tuesday, February 25th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, Lamar Advertising has a consensus rating of "Hold" and an average price target of $134.60.
Check Out Our Latest Report on Lamar Advertising
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.
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