GTS Securities LLC decreased its holdings in Lamar Advertising (NASDAQ:LAMR - Free Report) by 58.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,889 shares of the real estate investment trust's stock after selling 2,640 shares during the period. GTS Securities LLC's holdings in Lamar Advertising were worth $230,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of LAMR. Cohen & Steers Inc. increased its stake in Lamar Advertising by 453.6% in the fourth quarter. Cohen & Steers Inc. now owns 2,660,664 shares of the real estate investment trust's stock worth $323,900,000 after purchasing an additional 2,180,011 shares during the period. FMR LLC increased its stake in Lamar Advertising by 11.0% in the fourth 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 during the period. Daiwa Securities Group Inc. increased its stake in Lamar Advertising by 108.3% in the fourth 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 during the period. Norges Bank purchased a new stake in Lamar Advertising in the fourth quarter worth $57,255,000. Finally, Northern Trust Corp increased its stake in Lamar Advertising by 50.5% in the fourth 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 during the period. Hedge funds and other institutional investors own 93.78% of the company's stock.
Lamar Advertising Stock Performance
Shares of Lamar Advertising stock remained flat at $121.30 during trading on Wednesday. The stock had a trading volume of 359,022 shares, compared to its average volume of 518,458. The stock has a market cap of $12.42 billion, a price-to-earnings ratio of 34.36 and a beta of 1.38. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.48. Lamar Advertising has a 1 year low of $99.84 and a 1 year high of $139.88. The firm's 50-day moving average is $113.93 and its two-hundred day moving average is $120.62.
Lamar Advertising (NASDAQ:LAMR - Get Free Report) last posted its earnings results on Thursday, May 8th. The real estate investment trust reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.06. Lamar Advertising had a return on equity of 30.20% and a net margin of 16.40%. The company had revenue of $505.43 million for the quarter, compared to analyst estimates of $509.72 million. As a group, equities analysts expect that Lamar Advertising 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. Shareholders 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 yield of 5.11%. Lamar Advertising's dividend payout ratio (DPR) is presently 150.49%.
Wall Street Analyst Weigh In
LAMR has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reduced their target price on 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 upgraded Lamar Advertising from a "neutral" rating to a "buy" rating and raised their price target for the company from $114.00 to $135.00 in a research note on Thursday, May 29th. Finally, Morgan Stanley cut 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 analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $134.00.
Check Out Our Latest Stock Report on LAMR
Lamar Advertising Profile
(
Free Report)
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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