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

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

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LAMR. Rialto Wealth Management LLC bought a new position in Lamar Advertising in the 4th quarter valued at approximately $25,000. ST Germain D J Co. Inc. lifted its position in Lamar Advertising by 346.0% in the 1st quarter. ST Germain D J Co. Inc. now owns 281 shares of the real estate investment trust's stock valued at $32,000 after acquiring an additional 218 shares in the last quarter. Bessemer Group Inc. lifted its position in Lamar Advertising by 106.7% in the 4th quarter. Bessemer Group Inc. now owns 277 shares of the real estate investment trust's stock valued at $34,000 after acquiring an additional 143 shares in the last quarter. McIlrath & Eck LLC lifted its position in Lamar Advertising by 175.1% in the 4th quarter. McIlrath & Eck LLC now owns 707 shares of the real estate investment trust's stock valued at $86,000 after acquiring an additional 450 shares in the last quarter. Finally, GeoWealth Management LLC lifted its position in Lamar Advertising by 100.8% in the 4th quarter. GeoWealth Management LLC now owns 773 shares of the real estate investment trust's stock valued at $94,000 after acquiring an additional 388 shares in the last quarter. 93.78% of the stock is owned by institutional investors.

Lamar Advertising Trading Up 0.2%

NASDAQ:LAMR opened at $119.79 on Friday. 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 market capitalization of $12.27 billion, a price-to-earnings ratio of 29.08 and a beta of 1.34. Lamar Advertising Company has a one year low of $99.84 and a one year high of $139.88. The business has a fifty day moving average price of $116.33 and a 200-day moving average price of $119.80.

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 EPS for the quarter, topping the consensus estimate of $1.54 by $0.06. The firm had revenue of $505.43 million during 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 forecast that Lamar Advertising Company will post 7.92 EPS for the current year.

Lamar Advertising Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a $1.55 dividend. The ex-dividend date is Monday, June 16th. This represents a $6.20 annualized dividend and a dividend yield of 5.18%. Lamar Advertising's dividend payout ratio (DPR) is 150.49%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Citigroup upgraded shares of Lamar Advertising from a "neutral" rating to a "buy" rating and boosted their target price for the company 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 for the company in a research note on Thursday, May 1st. Finally, JPMorgan Chase & Co. decreased their target price on shares of Lamar Advertising from $129.00 to $126.00 and set a "neutral" rating for the company in a research note on Friday, February 21st. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price 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.

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