Duff & Phelps Investment Management Co. Cuts Stock Position in Lamar Advertising (NASDAQ:LAMR)

Duff & Phelps Investment Management Co. trimmed its position in shares of Lamar Advertising (NASDAQ:LAMR) by 0.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 179,991 shares of the real estate investment trust’s stock after selling 305 shares during the quarter. Duff & Phelps Investment Management Co. owned about 0.18% of Lamar Advertising worth $21,912,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Carmel Capital Partners LLC lifted its position in Lamar Advertising by 2.0% during the fourth quarter. Carmel Capital Partners LLC now owns 4,060 shares of the real estate investment trust’s stock valued at $494,000 after acquiring an additional 81 shares during the last quarter. Sanctuary Advisors LLC boosted its position in shares of Lamar Advertising by 0.4% in the 4th quarter. Sanctuary Advisors LLC now owns 19,259 shares of the real estate investment trust’s stock worth $2,442,000 after purchasing an additional 82 shares in the last quarter. Avior Wealth Management LLC grew its stake in Lamar Advertising by 16.8% during the 4th quarter. Avior Wealth Management LLC now owns 584 shares of the real estate investment trust’s stock worth $71,000 after buying an additional 84 shares during the last quarter. UMB Bank n.a. increased its position in Lamar Advertising by 14.7% during the 4th quarter. UMB Bank n.a. now owns 701 shares of the real estate investment trust’s stock valued at $85,000 after buying an additional 90 shares in the last quarter. Finally, Harbour Investments Inc. raised its stake in Lamar Advertising by 12.1% in the fourth quarter. Harbour Investments Inc. now owns 878 shares of the real estate investment trust’s stock valued at $107,000 after buying an additional 95 shares during the last quarter. 93.78% of the stock is currently owned by institutional investors.

Lamar Advertising Stock Performance

LAMR opened at $112.55 on Friday. The firm has a 50 day moving average of $122.64 and a two-hundred day moving average of $126.99. The firm has a market capitalization of $11.52 billion, a PE ratio of 31.88 and a beta of 1.53. 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 12-month low of $108.80 and a 12-month high of $139.88.

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

Lamar Advertising Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a dividend of $1.55 per share. The ex-dividend date is Friday, March 14th. This is an increase from Lamar Advertising’s previous quarterly dividend of $1.40. This represents a $6.20 dividend on an annualized basis and a yield of 5.51%. Lamar Advertising’s dividend payout ratio is 175.64%.

Analysts Set New Price Targets

Several research firms have recently issued reports on LAMR. JPMorgan Chase & Co. cut their price objective on shares of Lamar Advertising from $129.00 to $126.00 and set a “neutral” rating on the stock in a report on Friday, February 21st. Citigroup upped their price target on shares of Lamar Advertising from $121.76 to $128.00 and gave the company a “neutral” rating in a research note on Tuesday, February 25th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Lamar Advertising presently has an average rating of “Hold” and a consensus price target of $134.60.

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.