4,200 Shares in Lamar Advertising (NASDAQ:LAMR) Bought by Pensionfund Sabic

Pensionfund Sabic purchased a new position in Lamar Advertising (NASDAQ:LAMR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,200 shares of the real estate investment trust's stock, valued at approximately $511,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LAMR. Blue Trust Inc. grew its holdings in Lamar Advertising by 444.1% during the 3rd quarter. Blue Trust Inc. now owns 185 shares of the real estate investment trust's stock worth $25,000 after acquiring an additional 151 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of Lamar Advertising during the third quarter valued at approximately $25,000. Concord Wealth Partners purchased a new position in Lamar Advertising during the third quarter valued at approximately $26,000. Assetmark Inc. raised its stake in Lamar Advertising by 109.3% in the third quarter. Assetmark Inc. now owns 224 shares of the real estate investment trust's stock worth $30,000 after buying an additional 117 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in Lamar Advertising during the second quarter worth $45,000. Institutional investors own 93.78% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LAMR. Morgan Stanley lifted their price target on Lamar Advertising from $125.00 to $135.00 and gave the company an "equal weight" rating in a report on Monday, November 11th. Wells Fargo & Company decreased their price target 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. TD Cowen lifted their price objective 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. Finally, StockNews.com cut shares of Lamar Advertising from a "buy" rating to a "hold" rating in a research report on Monday, November 11th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $132.40.

Lamar Advertising Stock Performance

LAMR stock traded down $1.85 during trading on Tuesday, reaching $119.91. The company had a trading volume of 947,525 shares, compared to its average volume of 535,881. The company has a market cap of $12.27 billion, a price-to-earnings ratio of 23.98 and a beta of 1.50. Lamar Advertising has a twelve month low of $102.10 and a twelve month high of $139.88. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.56 and a current ratio of 0.56. The firm has a 50-day simple moving average of $128.45 and a 200-day simple moving average of $125.89.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last posted its quarterly earnings data 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). Lamar Advertising had a return on equity of 42.58% and a net margin of 23.46%. The company had revenue of $564.10 million for the quarter, compared to analyst estimates of $568.91 million. During the same quarter in the previous year, the firm posted $2.04 earnings per share. The company's quarterly revenue was up 4.0% on a year-over-year basis. As a group, sell-side analysts expect that Lamar Advertising will post 7.52 earnings per share for the current year.

Lamar Advertising Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Wednesday, December 18th were paid a $1.40 dividend. This represents a $5.60 annualized dividend and a dividend yield of 4.67%. The ex-dividend date was Wednesday, December 18th. Lamar Advertising's payout ratio is 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.