Beacon Financial Group Sells 1,862 Shares of Lamar Advertising (NASDAQ:LAMR)

Beacon Financial Group trimmed its stake in shares of Lamar Advertising (NASDAQ:LAMR) by 3.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 57,057 shares of the real estate investment trust’s stock after selling 1,862 shares during the period. Beacon Financial Group owned 0.06% of Lamar Advertising worth $6,946,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Blue Trust Inc. grew its position in shares of Lamar Advertising by 444.1% during the third quarter. Blue Trust Inc. now owns 185 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 151 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of Lamar Advertising in the third quarter worth about $25,000. Concord Wealth Partners bought a new position in Lamar Advertising during the third quarter valued at approximately $26,000. Assetmark Inc. grew its holdings in Lamar Advertising by 109.3% during the 3rd quarter. Assetmark Inc. now owns 224 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 117 shares in the last quarter. Finally, Versant Capital Management Inc increased its stake in Lamar Advertising by 46.6% in the 4th quarter. Versant Capital Management Inc now owns 450 shares of the real estate investment trust’s stock worth $55,000 after acquiring an additional 143 shares during the last quarter. 93.78% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on LAMR shares. TD Cowen upped their price target on shares of Lamar Advertising from $142.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Morgan Stanley boosted 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. StockNews.com downgraded shares of Lamar Advertising from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Finally, Wells Fargo & Company dropped their price target 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. Five investment 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.

Lamar Advertising Trading Down 1.1 %

Shares of LAMR opened at $126.75 on Wednesday. The company’s fifty day simple moving average is $125.13 and its 200-day simple moving average is $126.90. The company has a market cap of $12.97 billion, a P/E ratio of 25.35 and a beta of 1.51. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.48. Lamar Advertising has a twelve month low of $102.10 and a twelve month high of $139.88.

Lamar Advertising Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Wednesday, December 18th were given a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date was Wednesday, December 18th. Lamar Advertising’s dividend payout ratio (DPR) is currently 112.00%.

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.