Dean Investment Associates LLC Has $6.05 Million Holdings in Lamar Advertising (NASDAQ:LAMR)

Dean Investment Associates LLC cut its holdings in Lamar Advertising (NASDAQ:LAMR) by 1.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,703 shares of the real estate investment trust’s stock after selling 536 shares during the period. Lamar Advertising makes up 0.9% of Dean Investment Associates LLC’s investment portfolio, making the stock its 23rd biggest holding. Dean Investment Associates LLC’s holdings in Lamar Advertising were worth $6,051,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Rialto Wealth Management LLC bought a new stake in shares of Lamar Advertising in the 4th quarter worth approximately $25,000. Bessemer Group Inc. lifted its holdings in shares of Lamar Advertising by 106.7% during the 4th quarter. Bessemer Group Inc. now owns 277 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 143 shares during the period. Blue Trust Inc. raised its position in Lamar Advertising by 58.4% in the fourth quarter. Blue Trust Inc. now owns 293 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 108 shares in the last quarter. Versant Capital Management Inc boosted its holdings 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 purchasing an additional 143 shares in the last quarter. Finally, Avior Wealth Management LLC raised its holdings in shares of Lamar Advertising by 16.8% in 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 in the last quarter. Institutional investors and hedge funds own 93.78% of the company’s stock.

Lamar Advertising Trading Down 2.1 %

LAMR opened at $107.03 on Thursday. Lamar Advertising has a twelve month low of $99.84 and a twelve month high of $139.88. The firm has a market cap of $10.96 billion, a PE ratio of 30.32 and a beta of 1.34. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.56 and a current ratio of 0.56. The firm’s fifty day moving average is $117.32 and its two-hundred day moving average is $124.76.

Lamar Advertising (NASDAQ:LAMR) last released its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $2.21 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.74. The business 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%. Equities research analysts anticipate that Lamar Advertising will post 7.92 EPS for the current year.

Lamar Advertising Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a dividend of $1.55 per share. The ex-dividend date was 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 dividend yield of 5.79%. Lamar Advertising’s dividend payout ratio (DPR) is presently 175.64%.

Wall Street Analysts Forecast Growth

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

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.