Integrated Advisors Network LLC Has $2.43 Million Holdings in Lamar Advertising (NASDAQ:LAMR)

Integrated Advisors Network LLC increased its stake in Lamar Advertising (NASDAQ:LAMR - Free Report) by 480.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,367 shares of the real estate investment trust's stock after purchasing an additional 17,686 shares during the period. Integrated Advisors Network LLC's holdings in Lamar Advertising were worth $2,431,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. SG Americas Securities LLC bought a new position in Lamar Advertising in the first quarter valued at about $1,007,000. Accurate Wealth Management LLC grew its position in Lamar Advertising by 19.0% in the first quarter. Accurate Wealth Management LLC now owns 3,159 shares of the real estate investment trust's stock valued at $357,000 after acquiring an additional 505 shares during the last quarter. Pallas Capital Advisors LLC bought a new position in Lamar Advertising in the first quarter valued at about $793,000. Farther Finance Advisors LLC grew its position in Lamar Advertising by 101.2% in the first quarter. Farther Finance Advisors LLC now owns 2,446 shares of the real estate investment trust's stock valued at $277,000 after acquiring an additional 1,230 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC grew its position in Lamar Advertising by 5.3% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 7,868 shares of the real estate investment trust's stock valued at $895,000 after acquiring an additional 394 shares during the last quarter. Institutional investors own 93.78% of the company's stock.

Lamar Advertising Trading Down 1.8%

Shares of Lamar Advertising stock traded down $2.19 during midday trading on Friday, reaching $119.26. The company had a trading volume of 358,545 shares, compared to its average volume of 521,578. The stock has a fifty day moving average price of $115.55 and a 200 day moving average price of $120.09. The company has a debt-to-equity ratio of 2.48, a current ratio of 0.56 and a quick ratio of 0.56. The firm has a market cap of $12.21 billion, a PE ratio of 33.78 and a beta of 1.35. Lamar Advertising has a fifty-two week low of $99.84 and a fifty-two week 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 EPS for the quarter, topping analysts' consensus estimates of $1.54 by $0.06. The company 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 30.20% and a net margin of 16.40%. On average, equities analysts anticipate that Lamar Advertising will post 7.92 earnings per share for the current year.

Lamar Advertising Dividend Announcement

The firm also recently declared 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. This represents a $6.20 annualized dividend and a yield of 5.20%. The ex-dividend date is Monday, June 16th. Lamar Advertising's dividend payout ratio (DPR) is presently 150.49%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on LAMR shares. Citigroup upgraded Lamar Advertising from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $114.00 to $135.00 in a report on Thursday, May 29th. Morgan Stanley reduced their price target on Lamar Advertising from $135.00 to $125.00 and set an "equal weight" rating on the stock in a report on Thursday, May 1st. Finally, JPMorgan Chase & Co. reduced their price target on Lamar Advertising from $129.00 to $126.00 and set a "neutral" rating on the stock in a report on Friday, February 21st. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus 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.