Moody National Bank Trust Division lowered its stake in Lamar Advertising (NASDAQ:LAMR – Free Report) by 3.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,203 shares of the real estate investment trust’s stock after selling 88 shares during the quarter. Moody National Bank Trust Division’s holdings in Lamar Advertising were worth $268,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of LAMR. Foundations Investment Advisors LLC grew its position in shares of Lamar Advertising by 2.2% in the 3rd quarter. Foundations Investment Advisors LLC now owns 3,744 shares of the real estate investment trust’s stock valued at $500,000 after acquiring an additional 80 shares during the period. Private Advisor Group LLC lifted its stake in Lamar Advertising by 0.7% in the 3rd quarter. Private Advisor Group LLC now owns 11,798 shares of the real estate investment trust’s stock valued at $1,576,000 after purchasing an additional 82 shares during the last quarter. Jamison Private Wealth Management Inc. grew its holdings in Lamar Advertising by 6.6% during the third quarter. Jamison Private Wealth Management Inc. now owns 1,349 shares of the real estate investment trust’s stock worth $180,000 after purchasing an additional 84 shares during the period. CIBC Asset Management Inc increased its position in Lamar Advertising by 3.4% during the third quarter. CIBC Asset Management Inc now owns 2,552 shares of the real estate investment trust’s stock worth $341,000 after buying an additional 85 shares during the last quarter. Finally, Global Retirement Partners LLC raised its stake in Lamar Advertising by 1.0% in the third quarter. Global Retirement Partners LLC now owns 9,945 shares of the real estate investment trust’s stock valued at $1,329,000 after buying an additional 97 shares during the period. Institutional investors own 93.78% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on LAMR shares. StockNews.com downgraded Lamar Advertising from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Morgan Stanley lifted their price objective on shares of Lamar Advertising from $125.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. TD Cowen increased their price objective on shares of Lamar Advertising from $142.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, Wells Fargo & Company cut their target price on shares of Lamar Advertising from $132.00 to $124.00 and set an “equal weight” rating for the company in a research note 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $132.40.
Lamar Advertising Stock Performance
Shares of NASDAQ LAMR opened at $119.51 on Thursday. The company has a debt-to-equity ratio of 2.48, a current ratio of 0.56 and a quick ratio of 0.56. The firm has a market cap of $12.23 billion, a price-to-earnings ratio of 23.90 and a beta of 1.50. The stock’s fifty day moving average price is $126.64 and its two-hundred day moving average price is $125.91. Lamar Advertising has a one year low of $102.10 and a one year high of $139.88.
Lamar Advertising (NASDAQ:LAMR – Get Free Report) last released its quarterly earnings results on Friday, November 8th. The real estate investment trust reported $1.44 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.73). Lamar Advertising had a net margin of 23.46% and a return on equity of 42.58%. The business had revenue of $564.10 million during the quarter, compared to analyst estimates of $568.91 million. During the same quarter last year, the company posted $2.04 earnings per share. The company’s revenue was up 4.0% on a year-over-year basis. On average, equities analysts forecast that Lamar Advertising will post 7.52 EPS for the current year.
Lamar Advertising Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Wednesday, December 18th were given a $1.40 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 4.69%. Lamar Advertising’s payout ratio is 112.00%.
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.
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