Universal Beteiligungs und Servicegesellschaft mbH Purchases Shares of 19,788 Lamar Advertising Company (NASDAQ:LAMR)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Lamar Advertising Company (NASDAQ:LAMR - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 19,788 shares of the real estate investment trust's stock, valued at approximately $2,251,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Tower Research Capital LLC TRC boosted its stake in shares of Lamar Advertising by 1.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,121 shares of the real estate investment trust's stock worth $867,000 after acquiring an additional 81 shares in the last quarter. Bessemer Group Inc. boosted its stake in shares of Lamar Advertising by 33.9% during the 1st quarter. Bessemer Group Inc. now owns 371 shares of the real estate investment trust's stock worth $42,000 after acquiring an additional 94 shares in the last quarter. First Manhattan CO. LLC. boosted its stake in shares of Lamar Advertising by 0.3% during the 4th quarter. First Manhattan CO. LLC. now owns 28,765 shares of the real estate investment trust's stock worth $3,502,000 after acquiring an additional 100 shares in the last quarter. Townsquare Capital LLC boosted its stake in shares of Lamar Advertising by 0.4% during the 4th quarter. Townsquare Capital LLC now owns 41,071 shares of the real estate investment trust's stock worth $5,000,000 after acquiring an additional 170 shares in the last quarter. Finally, Wealth Advisory Solutions LLC boosted its stake in shares of Lamar Advertising by 1.3% during the 1st quarter. Wealth Advisory Solutions LLC now owns 13,354 shares of the real estate investment trust's stock worth $1,519,000 after acquiring an additional 176 shares in the last quarter. Institutional investors own 93.78% of the company's stock.

Wall Street Analysts Forecast Growth

LAMR has been the topic of a number of recent research reports. Citigroup raised Lamar Advertising from a "neutral" rating to a "buy" rating and upped their target price for the company from $114.00 to $135.00 in a research note on Thursday, May 29th. Morgan Stanley dropped their price objective on Lamar Advertising from $135.00 to $125.00 and set an "equal weight" rating for the company in a report on Thursday, May 1st. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Lamar Advertising currently has a consensus rating of "Hold" and a consensus target price of $134.00.

Lamar Advertising Stock Down 1.1%

NASDAQ:LAMR traded down $1.34 on Friday, reaching $120.91. The stock had a trading volume of 868,676 shares, compared to its average volume of 380,252. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 2.89. The company has a 50-day moving average of $122.16 and a 200 day moving average of $119.55. The stock has a market cap of $12.38 billion, a P/E ratio of 29.35 and a beta of 1.36. Lamar Advertising Company has a 12-month low of $99.84 and a 12-month high of $139.88.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported $1.60 earnings per share for the quarter, beating analysts' consensus estimates of $1.54 by $0.06. Lamar Advertising had a net margin of 19.08% and a return on equity of 37.62%. The company had revenue of $505.43 million during the quarter, compared to analysts' expectations of $509.72 million. On average, research analysts predict that Lamar Advertising Company will post 7.92 earnings per share for the current year.

Lamar Advertising Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were paid a dividend of $1.55 per share. The ex-dividend date was Monday, June 16th. This represents a $6.20 annualized dividend and a yield of 5.1%. Lamar Advertising's dividend payout ratio is 150.49%.

Lamar Advertising Company 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.