Nisa Investment Advisors LLC Sells 2,416 Shares of Lamar Advertising (NASDAQ:LAMR)

Nisa Investment Advisors LLC lowered its position in shares of Lamar Advertising (NASDAQ:LAMR - Free Report) by 5.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,316 shares of the real estate investment trust's stock after selling 2,416 shares during the quarter. Nisa Investment Advisors LLC's holdings in Lamar Advertising were worth $5,152,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of LAMR. Blue Trust Inc. grew its stake in shares of Lamar Advertising by 444.1% in the 3rd quarter. Blue Trust Inc. now owns 185 shares of the real estate investment trust's stock worth $25,000 after purchasing an additional 151 shares during the last quarter. Brooklyn Investment Group acquired a new position in Lamar Advertising in the third quarter worth approximately $25,000. Concord Wealth Partners acquired a new position in Lamar Advertising in the third quarter worth approximately $26,000. Assetmark Inc. increased its holdings in shares of Lamar Advertising by 109.3% in the third quarter. Assetmark Inc. now owns 224 shares of the real estate investment trust's stock valued at $30,000 after buying an additional 117 shares in the last quarter. Finally, Versant Capital Management Inc boosted its stake in shares of Lamar Advertising by 46.6% during the 4th quarter. Versant Capital Management Inc now owns 450 shares of the real estate investment trust's stock worth $55,000 after acquiring an additional 143 shares in the last quarter. 93.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LAMR has been the topic of a number of recent analyst reports. StockNews.com lowered Lamar Advertising from a "buy" rating to a "hold" rating in a research report on Monday, November 11th. Wells Fargo & Company reduced 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 research note on Monday, November 11th. Morgan Stanley raised their target price on shares of Lamar Advertising from $125.00 to $135.00 and gave the stock an "equal weight" rating in a report on Monday, November 11th. Finally, TD Cowen boosted their price target on shares of Lamar Advertising from $142.00 to $160.00 and gave the company a "buy" rating in a report on Monday, November 11th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $132.40.

Lamar Advertising Stock Up 1.4 %

Shares of LAMR traded up $1.71 during trading hours on Friday, reaching $128.10. The company's stock had a trading volume of 492,385 shares, compared to its average volume of 394,989. The company has a 50 day moving average of $126.16 and a two-hundred day moving average of $126.21. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 2.48. The firm has a market cap of $13.11 billion, a price-to-earnings ratio of 25.62 and a beta of 1.50. Lamar Advertising has a 1-year low of $102.10 and a 1-year high of $139.88.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last released its quarterly earnings data on Friday, November 8th. The real estate investment trust reported $1.44 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.73). Lamar Advertising had a net margin of 23.46% and a return on equity of 42.58%. The company had revenue of $564.10 million during the quarter, compared to analyst estimates of $568.91 million. During the same quarter in the prior year, the company posted $2.04 EPS. The firm's quarterly revenue was up 4.0% compared to the same quarter last year. As a group, research analysts predict that Lamar Advertising will post 7.49 EPS for the current fiscal year.

Lamar Advertising Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Wednesday, December 18th were paid a $1.40 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $5.60 dividend on an annualized basis and a yield of 4.37%. Lamar Advertising's dividend payout ratio (DPR) is currently 112.00%.

Lamar Advertising Company Profile

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.