Deutsche Bank AG Acquires 55,157 Shares of Lamar Advertising (NASDAQ:LAMR)

Deutsche Bank AG grew its holdings in shares of Lamar Advertising (NASDAQ:LAMR - Free Report) by 394.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 69,138 shares of the real estate investment trust's stock after acquiring an additional 55,157 shares during the quarter. Deutsche Bank AG owned about 0.07% of Lamar Advertising worth $8,417,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in shares of Lamar Advertising by 6.5% in the third quarter. JPMorgan Chase & Co. now owns 1,497,702 shares of the real estate investment trust's stock valued at $200,093,000 after buying an additional 90,933 shares during the period. Accurate Wealth Management LLC lifted its holdings in shares of Lamar Advertising by 11.1% in the fourth quarter. Accurate Wealth Management LLC now owns 2,654 shares of the real estate investment trust's stock valued at $315,000 after buying an additional 265 shares during the period. Oak Thistle LLC acquired a new stake in shares of Lamar Advertising in the fourth quarter valued at $253,000. Park Avenue Securities LLC lifted its holdings in shares of Lamar Advertising by 16.1% in the fourth quarter. Park Avenue Securities LLC now owns 3,495 shares of the real estate investment trust's stock valued at $425,000 after buying an additional 484 shares during the period. Finally, Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Lamar Advertising by 28.3% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 20,611 shares of the real estate investment trust's stock valued at $2,509,000 after buying an additional 4,545 shares during the period. Institutional investors and hedge funds own 93.78% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. cut their price objective on Lamar Advertising from $129.00 to $126.00 and set a "neutral" rating for the company in a report on Friday, February 21st. Morgan Stanley cut their target price on Lamar Advertising from $135.00 to $125.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 1st. Finally, Citigroup boosted their target price on Lamar Advertising from $121.76 to $128.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 25th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $132.60.

Lamar Advertising Stock Down 0.5%

NASDAQ:LAMR traded down $0.64 during trading hours on Tuesday, hitting $118.57. 539,488 shares of the company's stock traded hands, compared to its average volume of 512,928. The firm has a market cap of $12.14 billion, a P/E ratio of 33.59 and a beta of 1.38. Lamar Advertising has a twelve month low of $99.84 and a twelve month 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 stock's fifty day moving average price is $112.62 and its two-hundred day moving average price is $121.48.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last issued its earnings results on Thursday, May 8th. The real estate investment trust reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.06. Lamar Advertising had a return on equity of 30.20% and a net margin of 16.40%. The company had revenue of $505.43 million for the quarter, compared to analyst estimates of $509.72 million. On average, research analysts expect that Lamar Advertising will post 7.92 earnings per share for the current fiscal year.

Lamar Advertising Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a dividend of $1.55 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $6.20 annualized dividend and a dividend yield of 5.23%. Lamar Advertising's dividend payout ratio (DPR) is presently 150.49%.

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.