Lamar Advertising (NASDAQ:LAMR) Stock Position Increased by Sei Investments Co.

Sei Investments Co. boosted its holdings in Lamar Advertising (NASDAQ:LAMR - Free Report) by 161.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 138,337 shares of the real estate investment trust's stock after purchasing an additional 85,422 shares during the quarter. Sei Investments Co. owned approximately 0.14% of Lamar Advertising worth $16,841,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in LAMR. Wellington Management Group LLP boosted its holdings in shares of Lamar Advertising by 45.5% in 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 period. Daiwa Securities Group Inc. lifted its holdings in Lamar Advertising by 108.3% in the fourth quarter. Daiwa Securities Group Inc. now owns 905,368 shares of the real estate investment trust's stock worth $110,220,000 after acquiring an additional 470,805 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Lamar Advertising in the fourth quarter valued at approximately $48,023,000. Duff & Phelps Investment Management Co. grew its holdings in shares of Lamar Advertising by 631.7% during the third quarter. Duff & Phelps Investment Management Co. now owns 180,296 shares of the real estate investment trust's stock valued at $24,088,000 after purchasing an additional 155,656 shares during the last quarter. Finally, Boston Partners raised its position in shares of Lamar Advertising by 6.7% during the 4th quarter. Boston Partners now owns 2,423,981 shares of the real estate investment trust's stock worth $295,122,000 after purchasing an additional 152,575 shares during the period. Institutional investors own 93.78% of the company's stock.

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Lamar Advertising Stock Performance

LAMR traded down $0.42 during trading hours on Tuesday, hitting $113.36. The company's stock had a trading volume of 488,603 shares, compared to its average volume of 449,498. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.48. Lamar Advertising has a fifty-two week low of $108.80 and a fifty-two week high of $139.88. The company has a 50-day simple moving average of $121.86 and a 200 day simple moving average of $126.75. The firm has a market capitalization of $11.61 billion, a PE ratio of 32.11 and a beta of 1.53.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.21 EPS for the quarter, beating analysts' consensus estimates of $1.47 by $0.74. The company had revenue of $579.57 million for the quarter, compared to analyst estimates of $583.19 million. Lamar Advertising had a return on equity of 30.20% and a net margin of 16.40%. As a group, sell-side analysts expect that Lamar Advertising will post 7.92 EPS for the current year.

Lamar Advertising Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $1.55 dividend. This is a positive change from Lamar Advertising's previous quarterly dividend of $1.40. This represents a $6.20 dividend on an annualized basis and a dividend yield of 5.47%. The ex-dividend date was Friday, March 14th. Lamar Advertising's dividend payout ratio is currently 175.64%.

Analysts Set New Price Targets

LAMR has been the subject of a number of recent research reports. Citigroup upped their price objective on Lamar Advertising from $121.76 to $128.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. lowered their price target on shares of Lamar Advertising from $129.00 to $126.00 and set a "neutral" rating for the company in a research report on Friday, February 21st. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $134.60.

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.