Janus Henderson Group PLC Has $466.26 Million Stake in Lamar Advertising (NASDAQ:LAMR)

Janus Henderson Group PLC lessened its holdings in Lamar Advertising (NASDAQ:LAMR - Free Report) by 9.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,830,071 shares of the real estate investment trust's stock after selling 418,589 shares during the period. Janus Henderson Group PLC owned about 3.74% of Lamar Advertising worth $466,264,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Steward Partners Investment Advisory LLC raised its stake in shares of Lamar Advertising by 2.4% in 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 acquiring an additional 215 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Lamar Advertising by 6.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,497,702 shares of the real estate investment trust's stock valued at $200,093,000 after acquiring an additional 90,933 shares during the period. Franklin Resources Inc. raised its stake in shares of Lamar Advertising by 39.8% in the 3rd quarter. Franklin Resources Inc. now owns 51,503 shares of the real estate investment trust's stock valued at $7,017,000 after acquiring an additional 14,672 shares during the period. Jones Financial Companies Lllp increased its stake 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 worth $598,000 after buying an additional 292 shares during the period. Finally, Pictet Asset Management Holding SA increased its stake 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 worth $1,466,000 after buying an additional 1,087 shares during the period. Hedge funds and other institutional investors own 93.78% of the company's stock.

Lamar Advertising Stock Performance

Lamar Advertising stock traded up $3.00 during midday trading on Friday, reaching $119.87. 811,504 shares of the stock traded hands, compared to its average volume of 510,717. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.48. The firm has a fifty day moving average price of $112.46 and a two-hundred day moving average price of $121.83. The firm has a market cap of $12.27 billion, a price-to-earnings ratio of 33.96 and a beta of 1.38. 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 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. Lamar Advertising had a net margin of 16.40% and a return on equity of 30.20%. The company had revenue of $505.43 million during the quarter, compared to analyst estimates of $509.72 million. On average, equities research analysts forecast that Lamar Advertising will post 7.92 earnings per share for the current year.

Lamar Advertising Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors 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 yield of 5.17%. Lamar Advertising's payout ratio is presently 150.49%.

Analysts Set New Price Targets

Several research firms recently issued reports on LAMR. Morgan Stanley dropped their price target on shares of 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. decreased their price objective on shares of Lamar Advertising from $129.00 to $126.00 and set a "neutral" rating for the company in a report on Friday, February 21st. Finally, Citigroup lifted their price target on shares of Lamar Advertising from $121.76 to $128.00 and gave the company a "neutral" rating in a report on Tuesday, February 25th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Lamar Advertising has an average rating of "Hold" and a consensus price target of $132.60.

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.