Caisse DE Depot ET Placement DU Quebec Takes Position in Lamar Advertising (NASDAQ:LAMR)

Caisse DE Depot ET Placement DU Quebec bought a new position in shares of Lamar Advertising (NASDAQ:LAMR - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 26,700 shares of the real estate investment trust's stock, valued at approximately $3,250,000.

Several other institutional investors and hedge funds also recently modified their holdings of LAMR. Rialto Wealth Management LLC acquired a new stake in shares of Lamar Advertising in the 4th quarter valued at about $25,000. Bessemer Group Inc. raised its position in shares of Lamar Advertising by 106.7% during the 4th quarter. Bessemer Group Inc. now owns 277 shares of the real estate investment trust's stock valued at $34,000 after buying an additional 143 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Lamar Advertising by 58.4% in the 4th quarter. Blue Trust Inc. now owns 293 shares of the real estate investment trust's stock valued at $39,000 after acquiring an additional 108 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of Lamar Advertising by 46.6% in the 4th quarter. Versant Capital Management Inc now owns 450 shares of the real estate investment trust's stock worth $55,000 after purchasing an additional 143 shares during the period. Finally, Avior Wealth Management LLC grew its stake in shares of Lamar Advertising by 16.8% in the 4th quarter. Avior Wealth Management LLC now owns 584 shares of the real estate investment trust's stock worth $71,000 after buying an additional 84 shares during the last quarter. 93.78% of the stock is owned by institutional investors and hedge funds.

Lamar Advertising Trading Down 0.4 %

LAMR traded down $0.46 on Friday, reaching $114.81. 936,623 shares of the company's stock were exchanged, compared to its average volume of 504,172. The company's 50 day moving average is $113.11 and its 200-day moving average is $122.46. The company has a market cap of $11.76 billion, a price-to-earnings ratio of 32.52 and a beta of 1.38. Lamar Advertising has a twelve month low of $99.84 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.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $2.21 earnings per share for the quarter, topping analysts' consensus estimates of $1.47 by $0.74. The business had revenue of $579.57 million for the quarter, compared to analysts' expectations of $583.19 million. Lamar Advertising had a net margin of 16.40% and a return on equity of 30.20%. Equities analysts predict that Lamar Advertising will post 7.92 earnings per share for the current year.

Lamar Advertising Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders 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 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 5.40%. Lamar Advertising's payout ratio is presently 175.64%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered 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 note on Friday, February 21st. 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. Finally, Morgan Stanley lowered their target price on shares of Lamar Advertising from $135.00 to $125.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 1st. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average 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.