SG Americas Securities LLC Invests $1.01 Million in Lamar Advertising Company (NASDAQ:LAMR)

SG Americas Securities LLC bought a new stake in shares of Lamar Advertising Company (NASDAQ:LAMR - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 8,851 shares of the real estate investment trust's stock, valued at approximately $1,007,000.

Other hedge funds also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC increased its position in Lamar Advertising by 2.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 9,101 shares of the real estate investment trust's stock valued at $1,108,000 after buying an additional 215 shares in the last quarter. Farther Finance Advisors LLC increased its position in Lamar Advertising by 101.2% during the 1st quarter. Farther Finance Advisors LLC now owns 2,446 shares of the real estate investment trust's stock valued at $277,000 after buying an additional 1,230 shares in the last quarter. Jones Financial Companies Lllp increased its position in Lamar Advertising by 6.3% during the 4th quarter. Jones Financial Companies Lllp now owns 4,911 shares of the real estate investment trust's stock valued at $598,000 after buying an additional 292 shares in the last quarter. Pictet Asset Management Holding SA increased its position in Lamar Advertising by 9.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 12,042 shares of the real estate investment trust's stock valued at $1,466,000 after buying an additional 1,087 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in Lamar Advertising during the 4th quarter valued at about $3,557,000. 93.78% of the stock is owned by institutional investors and hedge funds.

Lamar Advertising Stock Performance

Lamar Advertising stock traded up $0.30 during trading hours on Friday, hitting $120.09. 981,431 shares of the stock traded hands, compared to its average volume of 523,570. 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's 50 day moving average price is $116.48 and its 200-day moving average price is $119.71. The stock has a market capitalization of $12.30 billion, a price-to-earnings ratio of 29.15 and a beta of 1.34. Lamar Advertising Company has a 1 year low of $99.84 and a 1 year high of $139.88.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The real estate investment trust reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.06. The business had revenue of $505.43 million for the quarter, compared to the consensus estimate of $509.72 million. Lamar Advertising had a return on equity of 37.62% and a net margin of 19.08%. As a group, equities analysts expect that Lamar Advertising Company will post 7.92 EPS for the current fiscal 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 paid a $1.55 dividend. The ex-dividend date is Monday, June 16th. This represents a $6.20 dividend on an annualized basis and a dividend yield of 5.16%. Lamar Advertising's payout ratio is 150.49%.

Analyst Upgrades and Downgrades

LAMR has been the topic of several research analyst reports. 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. JPMorgan Chase & Co. dropped their price target 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. Finally, Citigroup upgraded Lamar Advertising from a "neutral" rating to a "buy" rating and boosted their price target for the company from $114.00 to $135.00 in a research note on Thursday, May 29th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $134.00.

About Lamar Advertising

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.