Trust Point Inc. Purchases New Shares in Lamar Advertising (NASDAQ:LAMR)

Trust Point Inc. purchased a new position in Lamar Advertising (NASDAQ:LAMR - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,799 shares of the real estate investment trust's stock, valued at approximately $462,000.

Several other large investors have also recently made changes to their positions in LAMR. Creative Planning lifted its stake in Lamar Advertising by 13.5% in the 2nd quarter. Creative Planning now owns 11,880 shares of the real estate investment trust's stock worth $1,420,000 after purchasing an additional 1,412 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Lamar Advertising by 9.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,999 shares of the real estate investment trust's stock valued at $358,000 after acquiring an additional 269 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in Lamar Advertising in the second quarter worth approximately $1,781,000. SG Americas Securities LLC purchased a new position in Lamar Advertising in the third quarter worth approximately $1,067,000. Finally, Park Avenue Securities LLC increased its stake in Lamar Advertising by 5.7% during the third quarter. Park Avenue Securities LLC now owns 3,011 shares of the real estate investment trust's stock worth $402,000 after acquiring an additional 163 shares during the last quarter. 93.78% of the stock is currently owned by hedge funds and other institutional investors.

Lamar Advertising Stock Up 0.9 %

NASDAQ:LAMR traded up $1.18 during mid-day trading on Friday, hitting $127.73. The stock had a trading volume of 374,667 shares, compared to its average volume of 380,884. Lamar Advertising has a twelve month low of $102.10 and a twelve month high of $139.88. The stock has a 50-day simple moving average of $125.24 and a two-hundred day simple moving average of $126.73. 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 company has a market capitalization of $13.07 billion, a PE ratio of 25.55 and a beta of 1.51.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last released its quarterly earnings data on Friday, November 8th. The real estate investment trust reported $1.44 earnings per share (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 analysts' expectations 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% on a year-over-year basis. During the same period last year, the firm posted $2.04 earnings per share. On average, equities research analysts anticipate that Lamar Advertising will post 7.49 EPS for the current year.

Lamar Advertising Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Wednesday, December 18th were paid a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 4.38%. The ex-dividend date was Wednesday, December 18th. Lamar Advertising's payout ratio is 112.00%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on LAMR shares. StockNews.com lowered shares of Lamar Advertising from a "buy" rating to a "hold" rating in a report on Monday, November 11th. TD Cowen lifted their price objective on Lamar Advertising from $142.00 to $160.00 and gave the company a "buy" rating in a research note on Monday, November 11th. Morgan Stanley increased their target price on Lamar Advertising from $125.00 to $135.00 and gave the stock an "equal weight" rating in a research note on Monday, November 11th. Finally, Wells Fargo & Company lowered their target price on Lamar Advertising from $132.00 to $124.00 and set an "equal weight" rating for the company in a 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 company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price 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.