Townsquare Capital LLC Acquires 170 Shares of Lamar Advertising (NASDAQ:LAMR)

Townsquare Capital LLC increased its holdings in Lamar Advertising (NASDAQ:LAMR) by 0.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,071 shares of the real estate investment trust’s stock after acquiring an additional 170 shares during the quarter. Townsquare Capital LLC’s holdings in Lamar Advertising were worth $5,000,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Rialto Wealth Management LLC bought a new position in shares of Lamar Advertising during the fourth quarter valued at approximately $25,000. Bessemer Group Inc. increased its position in Lamar Advertising by 106.7% during the 4th quarter. Bessemer Group Inc. now owns 277 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 143 shares in the last quarter. Blue Trust Inc. raised its stake in Lamar Advertising by 58.4% during the fourth quarter. Blue Trust Inc. now owns 293 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 108 shares during the last quarter. Versant Capital Management Inc raised its stake in Lamar Advertising by 46.6% during the fourth quarter. Versant Capital Management Inc now owns 450 shares of the real estate investment trust’s stock valued at $55,000 after buying an additional 143 shares during the last quarter. Finally, Avior Wealth Management LLC boosted its holdings in Lamar Advertising by 16.8% in the fourth quarter. Avior Wealth Management LLC now owns 584 shares of the real estate investment trust’s stock worth $71,000 after acquiring an additional 84 shares in the last quarter. 93.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. lowered their price target 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. Citigroup lifted their target price on shares of Lamar Advertising from $121.76 to $128.00 and gave the stock a “neutral” rating in a report on Tuesday, February 25th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Lamar Advertising has an average rating of “Hold” and an average price target of $134.60.

Lamar Advertising Trading Up 3.0 %

Lamar Advertising stock opened at $113.01 on Monday. Lamar Advertising has a one year low of $99.84 and a one year high of $139.88. The business’s fifty day moving average is $118.38 and its 200 day moving average is $125.15. The stock has a market capitalization of $11.57 billion, a PE ratio of 32.01 and a beta of 1.34. The company has a debt-to-equity ratio of 2.48, a current ratio of 0.56 and a quick ratio of 0.56.

Lamar Advertising (NASDAQ:LAMR) last announced its quarterly 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. Lamar Advertising had a net margin of 16.40% and a return on equity of 30.20%. The firm had revenue of $579.57 million for the quarter, compared to the consensus estimate of $583.19 million. On average, sell-side analysts predict that Lamar Advertising will post 7.92 EPS for the current year.

Lamar Advertising Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a dividend of $1.55 per share. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from Lamar Advertising’s previous quarterly dividend of $1.40. This represents a $6.20 dividend on an annualized basis and a yield of 5.49%. Lamar Advertising’s payout ratio is currently 175.64%.

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.