Brevan Howard Capital Management LP Buys Shares of 11,085 Lamar Advertising (NASDAQ:LAMR)

Brevan Howard Capital Management LP purchased a new stake in shares of Lamar Advertising (NASDAQ:LAMR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 11,085 shares of the real estate investment trust's stock, valued at approximately $1,349,000.

Several other institutional investors and hedge funds have also modified their holdings of LAMR. Carmel Capital Partners LLC boosted its stake in shares of Lamar Advertising by 2.0% during the 4th quarter. Carmel Capital Partners LLC now owns 4,060 shares of the real estate investment trust's stock worth $494,000 after acquiring an additional 81 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in Lamar Advertising by 1.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,121 shares of the real estate investment trust's stock worth $867,000 after purchasing an additional 81 shares during the period. Sanctuary Advisors LLC grew its holdings in Lamar Advertising by 0.4% during the fourth quarter. Sanctuary Advisors LLC now owns 19,259 shares of the real estate investment trust's stock valued at $2,442,000 after purchasing an additional 82 shares during the last quarter. Avior Wealth Management LLC raised its position in shares of Lamar Advertising by 16.8% in the fourth quarter. Avior Wealth Management LLC now owns 584 shares of the real estate investment trust's stock valued at $71,000 after purchasing an additional 84 shares during the period. Finally, UMB Bank n.a. lifted its stake in shares of Lamar Advertising by 14.7% in the fourth quarter. UMB Bank n.a. now owns 701 shares of the real estate investment trust's stock worth $85,000 after buying an additional 90 shares during the last quarter. Institutional investors and hedge funds own 93.78% of the company's stock.

Lamar Advertising Price Performance

LAMR stock traded down $0.46 during trading on Friday, hitting $114.81. The company had a trading volume of 936,623 shares, compared to its average volume of 505,770. Lamar Advertising has a fifty-two week low of $99.84 and a fifty-two week high of $139.88. 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 fifty day moving average price of $112.96 and a two-hundred day moving average price of $122.22. The company has a market cap of $11.76 billion, a P/E ratio of 32.52 and a beta of 1.38.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.06. Lamar Advertising had a return on equity of 30.20% and a net margin of 16.40%. The firm had revenue of $505.43 million during the quarter, compared to the consensus estimate of $509.72 million. Equities research analysts expect that Lamar Advertising will post 7.92 earnings per share for the current fiscal year.

Lamar Advertising Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $1.55 dividend. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from Lamar Advertising's previous quarterly dividend of $1.40. This represents a $6.20 dividend on an annualized basis and a yield of 5.40%. Lamar Advertising's dividend payout ratio (DPR) is presently 150.49%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Citigroup boosted their target price on shares of Lamar Advertising from $121.76 to $128.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. dropped their target price on shares of Lamar Advertising from $129.00 to $126.00 and set a "neutral" rating on the stock in a research report on Friday, February 21st. Finally, Morgan Stanley reduced their price target on shares of Lamar Advertising from $135.00 to $125.00 and set an "equal weight" rating for the company in a report on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $132.60.

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.