Lamar Advertising (NASDAQ:LAMR) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC lifted its holdings in Lamar Advertising (NASDAQ:LAMR - Free Report) by 3.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,802 shares of the real estate investment trust's stock after acquiring an additional 2,514 shares during the period. Natixis Advisors LLC owned approximately 0.07% of Lamar Advertising worth $8,132,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in LAMR. Steward Partners Investment Advisory LLC boosted its holdings in Lamar Advertising by 2.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 9,101 shares of the real estate investment trust's stock worth $1,108,000 after acquiring an additional 215 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Lamar Advertising by 6.5% during the third quarter. JPMorgan Chase & Co. now owns 1,497,702 shares of the real estate investment trust's stock worth $200,093,000 after purchasing an additional 90,933 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in shares of Lamar Advertising by 19,961.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 110,340 shares of the real estate investment trust's stock valued at $14,741,000 after purchasing an additional 109,790 shares during the period. Franklin Resources Inc. grew its holdings in Lamar Advertising by 39.8% during the 3rd quarter. Franklin Resources Inc. now owns 51,503 shares of the real estate investment trust's stock valued at $7,017,000 after purchasing an additional 14,672 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in Lamar Advertising by 96.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 97,498 shares of the real estate investment trust's stock worth $13,026,000 after buying an additional 47,746 shares during the period. Hedge funds and other institutional investors own 93.78% of the company's stock.

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Lamar Advertising Stock Performance

LAMR traded down $0.07 on Tuesday, hitting $112.79. 873,452 shares of the company's stock were exchanged, compared to its average volume of 436,177. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.48. The stock has a fifty day moving average of $123.06 and a two-hundred day moving average of $127.25. Lamar Advertising has a twelve month low of $108.80 and a twelve month high of $139.88. The firm has a market cap of $11.55 billion, a PE ratio of 31.95 and a beta of 1.53.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.74. The business had revenue of $579.57 million for the quarter, compared to the consensus estimate 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 anticipate that Lamar Advertising will post 7.92 earnings per share 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. Stockholders of record on Friday, March 14th will be given a dividend of $1.55 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $6.20 annualized dividend and a dividend yield of 5.50%. This is a positive change from Lamar Advertising's previous quarterly dividend of $1.40. Lamar Advertising's dividend payout ratio is currently 175.64%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LAMR. JPMorgan Chase & Co. decreased their price objective on shares of Lamar Advertising from $129.00 to $126.00 and set a "neutral" rating for the company in a research report on Friday, February 21st. Citigroup raised their price objective on Lamar Advertising from $121.76 to $128.00 and gave the company a "neutral" rating in a research note on Tuesday, February 25th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus 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.