Guggenheim Capital LLC lessened its holdings in Lamar Advertising (NASDAQ:LAMR - Free Report) by 87.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,871 shares of the real estate investment trust's stock after selling 12,627 shares during the quarter. Guggenheim Capital LLC's holdings in Lamar Advertising were worth $228,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the business. Rialto Wealth Management LLC acquired a new stake in Lamar Advertising during the 4th quarter valued at approximately $25,000. Bessemer Group Inc. increased its position in Lamar Advertising by 106.7% during the 4th quarter. Bessemer Group Inc. now owns 277 shares of the real estate investment trust's stock valued at $34,000 after purchasing an additional 143 shares during the period. Blue Trust Inc. increased its position in Lamar Advertising by 58.4% during the 4th quarter. Blue Trust Inc. now owns 293 shares of the real estate investment trust's stock valued at $39,000 after purchasing an additional 108 shares during the period. Versant Capital Management Inc increased its position in Lamar Advertising by 46.6% during the 4th quarter. Versant Capital Management Inc now owns 450 shares of the real estate investment trust's stock valued at $55,000 after purchasing an additional 143 shares during the period. Finally, Avior Wealth Management LLC increased its position in Lamar Advertising by 16.8% during the 4th quarter. Avior Wealth Management LLC now owns 584 shares of the real estate investment trust's stock valued at $71,000 after purchasing an additional 84 shares during the period. Institutional investors own 93.78% of the company's stock.
Lamar Advertising Trading Up 0.2 %
Shares of LAMR stock traded up $0.19 during trading hours on Thursday, hitting $114.00. 951,027 shares of the company were exchanged, compared to its average volume of 497,521. The firm has a market cap of $11.67 billion, a P/E ratio of 32.29 and a beta of 1.34. Lamar Advertising has a fifty-two week low of $99.84 and a fifty-two week high of $139.88. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.56 and a current ratio of 0.56. The company has a 50 day simple moving average of $114.04 and a two-hundred day simple moving average of $123.31.
Lamar Advertising (NASDAQ:LAMR - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $2.21 EPS for the quarter, topping the consensus estimate of $1.47 by $0.74. Lamar Advertising had a net margin of 16.40% and a return on equity of 30.20%. The company had revenue of $579.57 million during the quarter, compared to the consensus estimate of $583.19 million. Equities analysts anticipate that Lamar Advertising will post 7.92 EPS for the current year.
Lamar Advertising Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a dividend of $1.55 per share. This is a boost from Lamar Advertising's previous quarterly dividend of $1.40. This represents a $6.20 dividend on an annualized basis and a dividend yield of 5.44%. The ex-dividend date was Friday, March 14th. Lamar Advertising's dividend payout ratio (DPR) is currently 175.64%.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their target price on shares of Lamar Advertising from $129.00 to $126.00 and set a "neutral" rating for the company in a research report on Friday, February 21st. Citigroup increased their target price on shares of Lamar Advertising from $121.76 to $128.00 and gave the company a "neutral" rating in a research report on Tuesday, February 25th. Finally, Morgan Stanley decreased their target price on shares of Lamar Advertising from $135.00 to $125.00 and set an "equal weight" rating for the company in a research report on Thursday. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $132.60.
Read Our Latest Analysis on LAMR
About Lamar Advertising
(
Free Report)
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.
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