Lamar Advertising (NASDAQ:LAMR) Shares Acquired by NBC Securities Inc.

NBC Securities Inc. grew its holdings in shares of Lamar Advertising (NASDAQ:LAMR - Free Report) by 124,533.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,739 shares of the real estate investment trust's stock after purchasing an additional 3,736 shares during the period. NBC Securities Inc.'s holdings in Lamar Advertising were worth $425,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LAMR. Rialto Wealth Management LLC purchased a new stake in shares of Lamar Advertising during the 4th quarter worth approximately $25,000. Bessemer Group Inc. boosted its stake in shares of Lamar Advertising by 106.7% during the 4th quarter. Bessemer Group Inc. now owns 277 shares of the real estate investment trust's stock worth $34,000 after acquiring an additional 143 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Lamar Advertising by 58.4% during the 4th quarter. Blue Trust Inc. now owns 293 shares of the real estate investment trust's stock worth $39,000 after acquiring an additional 108 shares in the last quarter. McIlrath & Eck LLC boosted its stake in shares of Lamar Advertising by 175.1% during the 4th quarter. McIlrath & Eck LLC now owns 707 shares of the real estate investment trust's stock worth $86,000 after acquiring an additional 450 shares in the last quarter. Finally, GeoWealth Management LLC boosted its stake in shares of Lamar Advertising by 100.8% during the 4th quarter. GeoWealth Management LLC now owns 773 shares of the real estate investment trust's stock worth $94,000 after acquiring an additional 388 shares in the last quarter. Institutional investors and hedge funds own 93.78% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. 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. Morgan Stanley reduced their target price 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. Finally, Citigroup raised Lamar Advertising from a "neutral" rating to a "buy" rating and upped their target price for the company from $114.00 to $135.00 in a research note on Thursday, May 29th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, Lamar Advertising has an average rating of "Hold" and a consensus target price of $134.00.

Lamar Advertising Trading Up 0.8%

Shares of Lamar Advertising stock traded up $0.93 during trading hours on Friday, reaching $121.03. 385,721 shares of the company's stock were exchanged, compared to its average volume of 519,971. Lamar Advertising has a 52-week low of $99.84 and a 52-week high of $139.88. The firm has a market capitalization of $12.39 billion, a price-to-earnings ratio of 34.29 and a beta of 1.34. The company has a fifty day moving average of $114.21 and a 200-day moving average of $120.52. 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 (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 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%. Sell-side analysts forecast that Lamar Advertising will post 7.92 EPS for the current fiscal year.

Lamar Advertising Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Monday, June 16th. This represents a $6.20 dividend on an annualized basis and a dividend yield of 5.12%. Lamar Advertising's payout ratio is 150.49%.

Lamar Advertising Company 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.