Quantinno Capital Management LP Boosts Stock Holdings in Lamar Advertising (NASDAQ:LAMR)

Quantinno Capital Management LP raised its stake in Lamar Advertising (NASDAQ:LAMR - Free Report) by 52.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 53,639 shares of the real estate investment trust's stock after buying an additional 18,389 shares during the period. Quantinno Capital Management LP owned about 0.05% of Lamar Advertising worth $6,530,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in LAMR. JPMorgan Chase & Co. boosted its holdings in 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 worth $200,093,000 after acquiring an additional 90,933 shares in the last quarter. Accurate Wealth Management LLC lifted its position in Lamar Advertising by 11.1% in the 4th quarter. Accurate Wealth Management LLC now owns 2,654 shares of the real estate investment trust's stock valued at $315,000 after acquiring an additional 265 shares in the last quarter. Oak Thistle LLC acquired a new position in Lamar Advertising during the 4th quarter valued at about $253,000. Park Avenue Securities LLC increased its holdings in Lamar Advertising by 16.1% during the 4th quarter. Park Avenue Securities LLC now owns 3,495 shares of the real estate investment trust's stock worth $425,000 after purchasing an additional 484 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its holdings in Lamar Advertising by 28.3% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 20,611 shares of the real estate investment trust's stock worth $2,509,000 after purchasing an additional 4,545 shares in the last quarter. Institutional investors and hedge funds own 93.78% of the company's stock.

Lamar Advertising Stock Performance

Lamar Advertising stock traded down $0.64 during mid-day trading on Tuesday, reaching $118.57. The company's stock had a trading volume of 539,488 shares, compared to its average volume of 513,742. The firm's fifty day moving average price is $112.62 and its two-hundred day moving average price is $121.48. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.56 and a current ratio of 0.56. Lamar Advertising has a 12-month low of $99.84 and a 12-month high of $139.88. The company has a market capitalization of $12.14 billion, a P/E ratio of 33.59 and a beta of 1.38.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last announced 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. 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 during the quarter, compared to analysts' expectations of $509.72 million. Sell-side analysts predict that Lamar Advertising will post 7.92 EPS for the current fiscal year.

Lamar Advertising Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a $1.55 dividend. 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 payout ratio is currently 150.49%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LAMR. Citigroup lifted their target price on Lamar Advertising from $121.76 to $128.00 and gave the company a "neutral" rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. cut their price objective on shares of Lamar Advertising from $129.00 to $126.00 and set a "neutral" rating on the stock in a report on Friday, February 21st. Finally, 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 report on Thursday, May 1st. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus 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.