Nomura Asset Management Co. Ltd. Has $14.74 Million Stake in Lamar Advertising (NASDAQ:LAMR)

Nomura Asset Management Co. Ltd. raised its stake in shares of Lamar Advertising (NASDAQ:LAMR - Free Report) by 19,961.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 110,340 shares of the real estate investment trust's stock after purchasing an additional 109,790 shares during the quarter. Nomura Asset Management Co. Ltd. owned 0.11% of Lamar Advertising worth $14,741,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. CWM LLC raised its position in Lamar Advertising by 35.5% in the second quarter. CWM LLC now owns 2,908 shares of the real estate investment trust's stock worth $348,000 after purchasing an additional 762 shares in the last quarter. Diversified Trust Co lifted its position in shares of Lamar Advertising by 190.9% during the 2nd quarter. Diversified Trust Co now owns 5,155 shares of the real estate investment trust's stock worth $616,000 after buying an additional 3,383 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in Lamar Advertising by 1.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 34,838 shares of the real estate investment trust's stock valued at $4,164,000 after buying an additional 351 shares in the last quarter. Fiduciary Financial Group LLC bought a new stake in Lamar Advertising in the second quarter valued at $361,000. Finally, Triad Wealth Partners LLC bought a new position in shares of Lamar Advertising during the second quarter valued at $126,000. Institutional investors and hedge funds own 93.78% of the company's stock.

Analyst Ratings Changes

LAMR has been the subject of a number of recent analyst reports. Wells Fargo & Company dropped their target price on shares of Lamar Advertising from $132.00 to $124.00 and set an "equal weight" rating for the company in a research report on Monday, November 11th. Morgan Stanley lifted their price objective 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 report on Monday, November 11th. Finally, TD Cowen upped their price target on shares of Lamar Advertising from $142.00 to $160.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $132.40.

Lamar Advertising Trading Down 0.5 %

Shares of LAMR stock traded down $0.69 on Thursday, reaching $128.96. 378,069 shares of the stock were exchanged, compared to its average volume of 409,054. 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 has a one year low of $100.15 and a one year high of $139.88. The stock has a market cap of $13.20 billion, a PE ratio of 25.93 and a beta of 1.50. The stock has a 50 day moving average price of $132.33 and a 200 day moving average price of $124.91.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last announced 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). The firm had revenue of $564.10 million for the quarter, compared to the consensus estimate of $568.91 million. Lamar Advertising had a return on equity of 42.58% and a net margin of 23.46%. The business's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.04 earnings per share. Equities research analysts forecast that Lamar Advertising will post 7.52 EPS for the current fiscal year.

Lamar Advertising Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Wednesday, December 18th will be paid a $1.40 dividend. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $5.60 dividend on an annualized basis and a yield of 4.34%. Lamar Advertising's payout ratio is presently 112.00%.

Lamar Advertising 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.