Y Intercept Hong Kong Ltd Purchases 3,920 Shares of Lamar Advertising Company (NASDAQ:LAMR)

Key Points

• Y Intercept Hong Kong Ltd increased its stake in Lamar Advertising Company by 98.2%, holding a total of 7,910 shares valued at approximately $900,000 as per their SEC filing.
• Lamar Advertising reported quarterly earnings of $1.60 per share, exceeding analysts' expectations, with a net margin of 19.08% but revenue slightly below expectations at $505.43 million.
• The company has announced a quarterly dividend of $1.55 per share, indicating a yield of 4.94% and a dividend payout ratio of 150.49%.

Y Intercept Hong Kong Ltd lifted its stake in Lamar Advertising Company (NASDAQ:LAMR - Free Report) by 98.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,910 shares of the real estate investment trust's stock after purchasing an additional 3,920 shares during the period. Y Intercept Hong Kong Ltd's holdings in Lamar Advertising were worth $900,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of LAMR. Commonwealth Equity Services LLC lifted its position in shares of Lamar Advertising by 1.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 16,724 shares of the real estate investment trust's stock worth $2,036,000 after purchasing an additional 165 shares during the period. American Century Companies Inc. lifted its position in shares of Lamar Advertising by 27.6% in the 4th quarter. American Century Companies Inc. now owns 286,082 shares of the real estate investment trust's stock worth $34,828,000 after purchasing an additional 61,815 shares during the period. Sei Investments Co. lifted its position in shares of Lamar Advertising by 161.4% in the 4th quarter. Sei Investments Co. now owns 138,337 shares of the real estate investment trust's stock worth $16,841,000 after purchasing an additional 85,422 shares during the period. LPL Financial LLC lifted its position in shares of Lamar Advertising by 11.2% in the 4th quarter. LPL Financial LLC now owns 94,019 shares of the real estate investment trust's stock worth $11,446,000 after purchasing an additional 9,455 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Lamar Advertising by 2.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 58,165 shares of the real estate investment trust's stock worth $7,076,000 after purchasing an additional 1,284 shares during the period. 93.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Citigroup raised shares of Lamar Advertising from a "neutral" rating to a "buy" rating and raised their target price for the stock from $114.00 to $135.00 in a research report on Thursday, May 29th. Morgan Stanley decreased their price target 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. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $134.00.

Lamar Advertising Stock Up 0.2%

Shares of Lamar Advertising stock traded up $0.19 during trading on Tuesday, hitting $124.80. The company's stock had a trading volume of 50,890 shares, compared to its average volume of 603,986. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.57 and a current ratio of 0.57. The company has a fifty day simple moving average of $121.61 and a two-hundred day simple moving average of $119.46. The company has a market capitalization of $12.78 billion, a PE ratio of 30.31 and a beta of 1.33. Lamar Advertising Company has a 52 week low of $99.84 and a 52 week high of $139.88.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported $1.60 earnings per share for the quarter, beating analysts' consensus estimates of $1.54 by $0.06. The business had revenue of $505.43 million during the quarter, compared to analyst estimates of $509.72 million. Lamar Advertising had a net margin of 19.08% and a return on equity of 37.62%. Equities research analysts predict that Lamar Advertising Company will post 7.92 earnings per share for the current year.

Lamar Advertising Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were paid a dividend of $1.55 per share. The ex-dividend date was Monday, June 16th. This represents a $6.20 dividend on an annualized basis and a yield of 4.97%. Lamar Advertising's dividend payout ratio is currently 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.