Pensionfund DSM Netherlands Buys Shares of 8,200 Lamar Advertising (NASDAQ:LAMR)

Pensionfund DSM Netherlands purchased a new position in shares of Lamar Advertising (NASDAQ:LAMR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 8,200 shares of the real estate investment trust's stock, valued at approximately $998,000.

Other institutional investors have also added to or reduced their stakes in the company. Commonwealth Equity Services LLC boosted its holdings in Lamar Advertising by 3.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 15,173 shares of the real estate investment trust's stock valued at $1,814,000 after purchasing an additional 504 shares during the period. Foundations Investment Advisors LLC lifted its stake in Lamar Advertising by 4.6% during the second quarter. Foundations Investment Advisors LLC now owns 3,664 shares of the real estate investment trust's stock worth $438,000 after purchasing an additional 162 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of Lamar Advertising by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 24,537 shares of the real estate investment trust's stock valued at $2,933,000 after purchasing an additional 469 shares in the last quarter. Gallacher Capital Management LLC acquired a new position in shares of Lamar Advertising during the 2nd quarter worth $807,000. Finally, Acadian Asset Management LLC raised its stake in Lamar Advertising by 179.4% during the second quarter. Acadian Asset Management LLC now owns 18,639 shares of the real estate investment trust's stock worth $2,226,000 after acquiring an additional 11,967 shares in the last quarter. 93.78% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on LAMR shares. TD Cowen boosted their target price 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. StockNews.com cut Lamar Advertising from a "buy" rating to a "hold" rating in a research note 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 report on Monday, November 11th. Finally, Morgan Stanley increased their target price 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. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $132.40.

Lamar Advertising Stock Up 0.1 %

NASDAQ LAMR traded up $0.10 on Monday, reaching $121.76. The company had a trading volume of 433,592 shares, compared to its average volume of 398,638. Lamar Advertising has a 52-week low of $102.10 and a 52-week high of $139.88. 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 stock has a market capitalization of $12.46 billion, a P/E ratio of 24.35 and a beta of 1.50. The company's fifty day moving average is $128.71 and its 200 day moving average is $125.84.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last posted its earnings results on Friday, November 8th. The real estate investment trust reported $1.44 EPS 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%. Lamar Advertising's quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.04 EPS. Sell-side analysts anticipate that Lamar Advertising will post 7.52 earnings per share for the current fiscal year.

Lamar Advertising Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Wednesday, December 18th were issued a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a dividend yield of 4.60%. The ex-dividend date was Wednesday, December 18th. Lamar Advertising's dividend payout ratio (DPR) is currently 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.