Lamar Advertising (NASDAQ:LAMR) Shares Acquired by SWS Partners

SWS Partners lifted its holdings in shares of Lamar Advertising (NASDAQ:LAMR) by 10.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,262 shares of the real estate investment trust’s stock after purchasing an additional 1,393 shares during the period. SWS Partners’ holdings in Lamar Advertising were worth $1,858,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LAMR. Wellington Management Group LLP raised its holdings in shares of Lamar Advertising by 45.5% in the third quarter. Wellington Management Group LLP now owns 1,974,848 shares of the real estate investment trust’s stock worth $263,840,000 after acquiring an additional 617,356 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Lamar Advertising during the 3rd quarter worth about $43,665,000. Daiwa Securities Group Inc. raised its stake in 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 valued at $58,058,000 after purchasing an additional 259,979 shares during the last quarter. Duff & Phelps Investment Management Co. raised its stake in 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 valued at $24,088,000 after purchasing an additional 155,656 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Lamar Advertising by 129.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 235,267 shares of the real estate investment trust’s stock valued at $31,432,000 after purchasing an additional 132,734 shares in the last quarter. Hedge funds and other institutional investors own 93.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on LAMR shares. Wells Fargo & Company lowered their price target on shares of Lamar Advertising from $132.00 to $124.00 and set an “equal weight” rating for the company in a report on Monday, November 11th. Morgan Stanley boosted their price target on Lamar Advertising from $125.00 to $135.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. TD Cowen increased their price target on Lamar Advertising from $142.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. lowered their price objective on Lamar Advertising from $129.00 to $126.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. Finally, StockNews.com downgraded Lamar Advertising from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Lamar Advertising currently has an average rating of “Hold” and an average target price of $134.60.

Lamar Advertising Stock Up 0.1 %

Shares of NASDAQ LAMR opened at $124.41 on Tuesday. The stock has a market capitalization of $12.74 billion, a PE ratio of 35.24 and a beta of 1.51. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 2.48. The firm has a fifty day moving average of $124.46 and a 200-day moving average of $127.86. Lamar Advertising has a 52-week low of $108.80 and a 52-week high of $139.88.

Lamar Advertising (NASDAQ:LAMR) last issued its earnings results on Thursday, February 20th. The real estate investment trust reported $2.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.74. The firm had revenue of $579.57 million for the quarter, compared to analysts’ expectations of $583.19 million. Lamar Advertising had a return on equity of 30.20% and a net margin of 16.40%. On average, analysts anticipate that Lamar Advertising will post 7.92 EPS for the current year.

Lamar Advertising Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $1.55 per share. This represents a $6.20 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date is Friday, March 14th. This is an increase from Lamar Advertising’s previous quarterly dividend of $1.40. Lamar Advertising’s dividend payout ratio is 175.64%.

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.