Lamar Advertising Company (NASDAQ:LAMR) Shares Acquired by Advisors Preferred LLC

Advisors Preferred LLC boosted its stake in shares of Lamar Advertising Company (NASDAQ:LAMR - Free Report) by 82.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,350 shares of the real estate investment trust's stock after buying an additional 2,863 shares during the quarter. Advisors Preferred LLC's holdings in Lamar Advertising were worth $720,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC boosted its position in shares of Lamar Advertising by 1.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 16,724 shares of the real estate investment trust's stock valued at $2,036,000 after acquiring an additional 165 shares during the period. Corient Private Wealth LLC lifted its position in Lamar Advertising by 3.4% during the fourth quarter. Corient Private Wealth LLC now owns 10,023 shares of the real estate investment trust's stock valued at $1,220,000 after purchasing an additional 333 shares during the last quarter. American Century Companies Inc. lifted its position in Lamar Advertising by 27.6% during the fourth quarter. American Century Companies Inc. now owns 286,082 shares of the real estate investment trust's stock valued at $34,828,000 after purchasing an additional 61,815 shares during the last quarter. Sei Investments Co. lifted its position in Lamar Advertising by 161.4% during the fourth quarter. Sei Investments Co. now owns 138,337 shares of the real estate investment trust's stock valued at $16,841,000 after purchasing an additional 85,422 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in Lamar Advertising during the fourth quarter valued at approximately $2,569,000. Institutional investors own 93.78% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on LAMR shares. Citigroup raised shares of Lamar Advertising from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $114.00 to $135.00 in a research note on Thursday, May 29th. Morgan Stanley decreased 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. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $134.00.

Lamar Advertising Stock Up 0.4%

Lamar Advertising stock traded up $0.44 during trading hours on Friday, reaching $125.42. The stock had a trading volume of 252,823 shares, compared to its average volume of 477,589. The company has a market cap of $12.84 billion, a price-to-earnings ratio of 30.44 and a beta of 1.33. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.57 and a quick ratio of 0.57. The business's 50 day moving average price is $121.51 and its 200-day moving average price is $119.43. Lamar Advertising Company has a 52 week low of $99.84 and a 52 week high of $139.88.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The real estate investment trust reported $1.60 earnings per share for the quarter, topping analysts' consensus estimates of $1.54 by $0.06. The business had revenue of $505.43 million for the quarter, compared to analyst estimates of $509.72 million. Lamar Advertising had a return on equity of 37.62% and a net margin of 19.08%. Sell-side analysts anticipate that Lamar Advertising Company will post 7.92 EPS for the current year.

Lamar Advertising Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were paid a $1.55 dividend. This represents a $6.20 annualized dividend and a yield of 4.94%. The ex-dividend date of this dividend was Monday, June 16th. Lamar Advertising's dividend payout ratio is currently 150.49%.

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.