Quantinno Capital Management LP Grows Position in Lamar Advertising (NASDAQ:LAMR)

Quantinno Capital Management LP lifted its holdings in shares of Lamar Advertising (NASDAQ:LAMR - Free Report) by 103.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,250 shares of the real estate investment trust's stock after acquiring an additional 17,897 shares during the quarter. Quantinno Capital Management LP's holdings in Lamar Advertising were worth $4,709,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in LAMR. Janus Henderson Group PLC lifted its position in Lamar Advertising by 2.9% in 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 in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Lamar Advertising by 6.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,332,586 shares of the real estate investment trust's stock valued at $159,283,000 after purchasing an additional 75,955 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Lamar Advertising by 3.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,093,096 shares of the real estate investment trust's stock valued at $146,038,000 after purchasing an additional 39,845 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Lamar Advertising by 81.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 937,440 shares of the real estate investment trust's stock valued at $112,052,000 after buying an additional 420,311 shares during the last quarter. Finally, HighTower Advisors LLC increased its holdings in Lamar Advertising by 5.0% in the 3rd quarter. HighTower Advisors LLC now owns 626,950 shares of the real estate investment trust's stock worth $83,708,000 after buying an additional 29,683 shares in the last quarter. 93.78% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LAMR has been the topic of a number of recent analyst reports. TD Cowen raised 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. StockNews.com cut shares of Lamar Advertising from a "buy" rating to a "hold" rating in a report on Monday, November 11th. Morgan Stanley lifted 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 report on Monday, November 11th. Finally, Wells Fargo & Company lowered their price target on Lamar Advertising from $132.00 to $124.00 and set an "equal weight" rating on the stock in a report on Monday, November 11th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $132.40.

Lamar Advertising Stock Performance

NASDAQ LAMR traded down $0.29 during trading hours on Friday, hitting $131.22. 281,515 shares of the company's stock traded hands, compared to its average volume of 499,003. Lamar Advertising has a 52 week low of $100.15 and a 52 week high of $139.88. The firm has a market capitalization of $13.43 billion, a P/E ratio of 26.24 and a beta of 1.50. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.48. The business's fifty day moving average price is $132.46 and its two-hundred day moving average price is $124.69.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last announced its earnings results on Friday, November 8th. The real estate investment trust reported $1.44 EPS for the quarter, missing analysts' consensus estimates of $2.17 by ($0.73). The company had revenue of $564.10 million during 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 revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.04 earnings per share. Equities research analysts predict that Lamar Advertising will post 7.52 EPS for the current year.

Lamar Advertising Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Wednesday, December 18th will be issued a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 4.27%. Lamar Advertising's dividend payout ratio is currently 112.00%.

About Lamar Advertising

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.