By otakuyassine3@gmail.com 
Hantz Financial Services Inc. cut its stake in shares of Lamar Advertising (NASDAQ:LAMR – Free Report) by 3.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,982 shares of the real estate investment trust’s stock after selling 1,154 shares during the quarter. Hantz Financial Services Inc.’s holdings in Lamar Advertising were worth $4,137,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of LAMR. Wellington Management Group LLP lifted its holdings in Lamar Advertising by 45.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,974,848 shares of the real estate investment trust’s stock worth $263,840,000 after buying an additional 617,356 shares during the period. Los Angeles Capital Management LLC acquired a new position in Lamar Advertising during the 3rd quarter worth about $43,665,000. International Assets Investment Management LLC lifted its holdings in Lamar Advertising by 49,140.4% during the 3rd quarter. International Assets Investment Management LLC now owns 285,102 shares of the real estate investment trust’s stock worth $38,090,000 after buying an additional 284,523 shares during the period. Daiwa Securities Group Inc. raised its position in shares of Lamar Advertising by 148.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 434,563 shares of the real estate investment trust’s stock worth $58,058,000 after acquiring an additional 259,979 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. raised its position in shares of Lamar Advertising by 631.7% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 180,296 shares of the real estate investment trust’s stock worth $24,088,000 after acquiring an additional 155,656 shares in the last quarter. 93.78% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research analysts have recently weighed in on LAMR shares. StockNews.com lowered Lamar Advertising from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Wells Fargo & Company lowered their price objective on Lamar Advertising from $132.00 to $124.00 and set an “equal weight” rating for the company in a research report on Monday, November 11th. Morgan Stanley lifted their price objective on Lamar Advertising from $125.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. Finally, TD Cowen lifted their price objective on Lamar Advertising from $142.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Lamar Advertising has an average rating of “Hold” and a consensus target price of $132.40.
Read Our Latest Research Report on Lamar Advertising
Lamar Advertising Stock Performance
Shares of Lamar Advertising stock opened at $125.55 on Thursday. Lamar Advertising has a one year low of $102.10 and a one year high of $139.88. The firm has a market capitalization of $12.85 billion, a price-to-earnings ratio of 25.11 and a beta of 1.50. The business has a 50-day simple moving average of $126.15 and a 200 day simple moving average of $126.47. The company has a debt-to-equity ratio of 2.48, a current ratio of 0.56 and a quick ratio of 0.56.
Lamar Advertising (NASDAQ:LAMR – Get Free Report) last issued its earnings results on Friday, November 8th. The real estate investment trust reported $1.44 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.73). The firm had revenue of $564.10 million during the quarter, compared to the consensus estimate of $568.91 million. Lamar Advertising had a net margin of 23.46% and a return on equity of 42.58%. The business’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.04 earnings per share. On average, research analysts anticipate that Lamar Advertising will post 7.49 earnings per share for the current fiscal year.
Lamar Advertising Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Wednesday, December 18th were paid a dividend of $1.40 per share. The ex-dividend date was Wednesday, December 18th. This represents a $5.60 dividend on an annualized basis and a yield of 4.46%. Lamar Advertising’s dividend payout ratio (DPR) is currently 112.00%.
About Lamar Advertising
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.
Further Reading
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