Boston Trust Walden Corp Acquires 11,216 Shares of Lamar Advertising Company (NASDAQ:LAMR)

Boston Trust Walden Corp raised its stake in shares of Lamar Advertising Company (NASDAQ:LAMR - Free Report) by 2.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 431,856 shares of the real estate investment trust's stock after buying an additional 11,216 shares during the quarter. Boston Trust Walden Corp owned about 0.42% of Lamar Advertising worth $49,137,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Cohen & Steers Inc. lifted its stake in Lamar Advertising by 453.6% in the 4th quarter. Cohen & Steers Inc. now owns 2,660,664 shares of the real estate investment trust's stock valued at $323,900,000 after acquiring an additional 2,180,011 shares in the last quarter. FMR LLC raised its stake in shares of Lamar Advertising by 11.0% during the 4th quarter. FMR LLC now owns 5,527,270 shares of the real estate investment trust's stock worth $672,890,000 after purchasing an additional 545,606 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Lamar Advertising by 108.3% during the 4th quarter. Daiwa Securities Group Inc. now owns 905,368 shares of the real estate investment trust's stock worth $110,220,000 after purchasing an additional 470,805 shares in the last quarter. Norges Bank bought a new stake in shares of Lamar Advertising during the 4th quarter worth approximately $57,255,000. Finally, Northern Trust Corp raised its stake in shares of Lamar Advertising by 50.5% during the 4th quarter. Northern Trust Corp now owns 1,278,397 shares of the real estate investment trust's stock worth $155,632,000 after purchasing an additional 428,744 shares in the last quarter. 93.78% of the stock is currently owned by institutional investors and hedge funds.

Lamar Advertising Stock Performance

NASDAQ LAMR traded up $0.83 on Monday, reaching $120.92. The stock had a trading volume of 572,927 shares, compared to its average volume of 523,768. 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 firm has a fifty day moving average of $116.48 and a two-hundred day moving average of $119.54. Lamar Advertising Company has a 1-year low of $99.84 and a 1-year high of $139.88. The company has a market cap of $12.38 billion, a P/E ratio of 29.35 and a beta of 1.35.

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 EPS for the quarter, beating analysts' consensus estimates of $1.54 by $0.06. Lamar Advertising had a return on equity of 37.62% and a net margin of 19.08%. The firm had revenue of $505.43 million for the quarter, compared to analyst estimates of $509.72 million. On average, equities research analysts anticipate that Lamar Advertising Company will post 7.92 EPS for the current year.

Lamar Advertising Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a dividend of $1.55 per share. This represents a $6.20 annualized dividend and a dividend yield of 5.13%. The ex-dividend date is Monday, June 16th. Lamar Advertising's dividend payout ratio (DPR) is currently 150.49%.

Analyst Ratings Changes

LAMR has been the topic of a number of analyst reports. Citigroup upgraded Lamar Advertising from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $114.00 to $135.00 in a research note on Thursday, May 29th. Morgan Stanley dropped their price target on 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 investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $134.00.

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.