Oak Thistle LLC Takes Position in Lamar Advertising (NASDAQ:LAMR)

Oak Thistle LLC bought a new stake in shares of Lamar Advertising (NASDAQ:LAMR - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,075 shares of the real estate investment trust's stock, valued at approximately $253,000.

Other hedge funds have also recently made changes to their positions in the company. Janus Henderson Group PLC boosted its holdings in shares of Lamar Advertising by 2.9% during the 3rd quarter. Janus Henderson Group PLC now owns 4,248,660 shares of the real estate investment trust's stock valued at $567,632,000 after acquiring an additional 119,068 shares during the last quarter. State Street Corp boosted its holdings in Lamar Advertising by 0.8% in the third quarter. State Street Corp now owns 2,640,356 shares of the real estate investment trust's stock worth $352,752,000 after purchasing an additional 21,852 shares during the last quarter. Geode Capital Management LLC grew its position in Lamar Advertising by 4.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,054,962 shares of the real estate investment trust's stock worth $274,595,000 after purchasing an additional 90,775 shares during the period. Wellington Management Group LLP raised its stake in Lamar Advertising by 45.5% during the 3rd 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 buying an additional 617,356 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Lamar Advertising by 6.5% during 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 last quarter. 93.78% of the stock is owned by institutional investors.

Lamar Advertising Price Performance

LAMR stock traded up $3.60 during midday trading on Friday, hitting $125.25. The company's stock had a trading volume of 610,153 shares, compared to its average volume of 446,283. 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 $102.10 and a 12 month high of $139.88. The company has a 50 day moving average of $126.30 and a two-hundred day moving average of $125.93. The firm has a market capitalization of $12.82 billion, a price-to-earnings ratio of 25.05 and a beta of 1.50.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last posted its earnings results on Friday, November 8th. The real estate investment trust reported $1.44 earnings per share for the quarter, missing analysts' consensus estimates of $2.17 by ($0.73). The business had revenue of $564.10 million during the quarter, compared to analysts' expectations of $568.91 million. Lamar Advertising had a net margin of 23.46% and a return on equity of 42.58%. The company's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period last year, the business posted $2.04 earnings per share. On average, analysts expect that Lamar Advertising will post 7.49 EPS for the current 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 given a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date of this dividend was Wednesday, December 18th. Lamar Advertising's dividend payout ratio (DPR) is presently 112.00%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on LAMR. TD Cowen increased their price objective on shares of Lamar Advertising from $142.00 to $160.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. Morgan Stanley lifted their price target on shares of Lamar Advertising from $125.00 to $135.00 and gave the stock an "equal weight" rating in a research note on Monday, November 11th. Wells Fargo & Company reduced their price objective on 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. Finally, StockNews.com downgraded Lamar Advertising from a "buy" rating to a "hold" 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. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $132.40.

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.