HF Advisory Group LLC Has $507,000 Holdings in Lamar Advertising (NASDAQ:LAMR)

HF Advisory Group LLC decreased its position in shares of Lamar Advertising (NASDAQ:LAMR) by 7.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,161 shares of the real estate investment trust’s stock after selling 348 shares during the period. HF Advisory Group LLC’s holdings in Lamar Advertising were worth $507,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Los Angeles Capital Management LLC bought a new position in shares of Lamar Advertising in the third quarter worth about $43,665,000. JPMorgan Chase & Co. raised its position in Lamar Advertising by 6.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,497,702 shares of the real estate investment trust’s stock worth $200,093,000 after purchasing an additional 90,933 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in shares of Lamar Advertising by 19,961.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 110,340 shares of the real estate investment trust’s stock valued at $14,741,000 after acquiring an additional 109,790 shares during the period. Franklin Resources Inc. boosted its holdings in Lamar Advertising by 39.8% in the third quarter. Franklin Resources Inc. now owns 51,503 shares of the real estate investment trust’s stock valued at $7,017,000 after acquiring an additional 14,672 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in Lamar Advertising by 96.0% in the third quarter. BNP Paribas Financial Markets now owns 97,498 shares of the real estate investment trust’s stock worth $13,026,000 after purchasing an additional 47,746 shares during the period. Institutional investors own 93.78% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. StockNews.com cut shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. TD Cowen upped their target price on shares of Lamar Advertising from $142.00 to $160.00 and gave the company a “buy” rating 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 note on Monday, November 11th. Finally, Wells Fargo & Company cut their target price on 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. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Lamar Advertising currently has an average rating of “Hold” and an average price target of $132.40.

Lamar Advertising Stock Performance

Shares of Lamar Advertising stock opened at $125.25 on Friday. The stock’s fifty day simple moving average is $126.30 and its 200 day simple moving average is $125.99. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.48. The company has a market capitalization of $12.82 billion, a PE ratio of 25.05 and a beta of 1.50. Lamar Advertising has a 12 month low of $102.10 and a 12 month high of $139.88.

Lamar Advertising (NASDAQ:LAMR) last released its quarterly 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). Lamar Advertising had a return on equity of 42.58% and a net margin of 23.46%. The business had revenue of $564.10 million for the quarter, compared to analyst estimates of $568.91 million. During the same period in the prior year, the business earned $2.04 EPS. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, research analysts predict that Lamar Advertising will post 7.49 EPS for the current year.

Lamar Advertising Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Wednesday, December 18th were issued 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 dividend yield of 4.47%. Lamar Advertising’s payout ratio is 112.00%.

Lamar Advertising Company 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.