Atria Investments Inc Has $1.52 Million Position in Lamar Advertising (NASDAQ:LAMR)

Atria Investments Inc lessened its holdings in shares of Lamar Advertising (NASDAQ:LAMR) by 18.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 11,342 shares of the real estate investment trust’s stock after selling 2,499 shares during the period. Atria Investments Inc’s holdings in Lamar Advertising were worth $1,515,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of LAMR. Vanguard Group Inc. grew its holdings in shares of Lamar Advertising by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 12,708,765 shares of the real estate investment trust’s stock valued at $1,517,554,000 after buying an additional 68,484 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Lamar Advertising by 6.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,332,586 shares of the real estate investment trust’s stock worth $159,283,000 after purchasing an additional 75,955 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Lamar Advertising by 81.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 937,440 shares of the real estate investment trust’s stock worth $112,052,000 after purchasing an additional 420,311 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Lamar Advertising by 4.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 566,644 shares of the real estate investment trust’s stock worth $67,664,000 after acquiring an additional 22,382 shares during the period. Finally, Boston Trust Walden Corp lifted its stake in Lamar Advertising by 2.0% in the 3rd quarter. Boston Trust Walden Corp now owns 407,813 shares of the real estate investment trust’s stock valued at $54,484,000 after purchasing an additional 8,135 shares during the last quarter. Institutional investors and hedge funds own 93.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on LAMR shares. TD Cowen increased their price objective on shares of Lamar Advertising from $142.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Wells Fargo & Company dropped their target price on shares of Lamar Advertising from $132.00 to $124.00 and set an “equal weight” rating on the stock in a research note on Monday, November 11th. StockNews.com cut shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Morgan Stanley upped their target price on shares of Lamar Advertising from $125.00 to $135.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Lamar Advertising from $117.00 to $121.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Five investment 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 stock currently has a consensus rating of “Hold” and a consensus price target of $132.40.

Lamar Advertising Stock Down 0.6 %

NASDAQ:LAMR opened at $126.35 on Friday. The firm has a 50-day simple moving average of $132.03 and a two-hundred day simple moving average of $123.25. Lamar Advertising has a fifty-two week low of $95.83 and a fifty-two week high of $139.88. The firm has a market cap of $12.93 billion, a P/E ratio of 25.26 and a beta of 1.52. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.41 and a current ratio of 0.56.

Lamar Advertising (NASDAQ:LAMR) last issued its quarterly earnings results on Friday, November 8th. The real estate investment trust reported $1.44 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.73). Lamar Advertising had a net margin of 23.46% and a return on equity of 42.58%. The firm had revenue of $564.10 million for the quarter, compared to analysts’ expectations of $568.91 million. During the same period in the prior year, the firm earned $2.04 EPS. Lamar Advertising’s revenue for the quarter was up 4.0% compared to the same quarter last year. Analysts predict that Lamar Advertising will post 7.75 earnings per share for the current fiscal year.

Lamar Advertising Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Wednesday, September 18th were given a dividend of $1.40 per share. This is a boost from Lamar Advertising’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Wednesday, September 18th. This represents a $5.60 dividend on an annualized basis and a yield of 4.43%. Lamar Advertising’s payout ratio is 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.