Janney Montgomery Scott LLC Purchases New Shares in Lamar Advertising (NASDAQ:LAMR)

Janney Montgomery Scott LLC purchased a new stake in shares of Lamar Advertising (NASDAQ:LAMR) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 46,316 shares of the real estate investment trust’s stock, valued at approximately $5,639,000.

A number of other large investors have also added to or reduced their stakes in LAMR. Blue Trust Inc. boosted its stake in Lamar Advertising by 444.1% during the 3rd quarter. Blue Trust Inc. now owns 185 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 151 shares during the last quarter. Brooklyn Investment Group bought a new position in Lamar Advertising during the 3rd quarter valued at $25,000. Concord Wealth Partners bought a new position in Lamar Advertising during the 3rd quarter valued at $26,000. Assetmark Inc. boosted its stake in Lamar Advertising by 109.3% during the 3rd quarter. Assetmark Inc. now owns 224 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 117 shares during the last quarter. Finally, Versant Capital Management Inc boosted its stake in Lamar Advertising by 46.6% during the 4th quarter. Versant Capital Management Inc now owns 450 shares of the real estate investment trust’s stock valued at $55,000 after acquiring an additional 143 shares during the last quarter. 93.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on LAMR shares. Morgan Stanley increased their price objective on shares of Lamar Advertising from $125.00 to $135.00 and gave the company an “equal weight” rating in a research note 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 note on Monday, November 11th. StockNews.com downgraded shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Finally, Wells Fargo & Company reduced their price target on shares of Lamar Advertising from $132.00 to $124.00 and set an “equal weight” rating on the stock in a research report on Monday, November 11th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $132.40.

Lamar Advertising Trading Down 0.7 %

Lamar Advertising stock opened at $125.55 on Thursday. The firm’s 50-day moving average is $126.15 and its 200-day moving average is $126.47. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.56 and a current ratio of 0.56. Lamar Advertising has a 1 year low of $102.10 and a 1 year high of $139.88. The company has a market cap of $12.85 billion, a P/E ratio of 25.11 and a beta of 1.50.

Lamar Advertising (NASDAQ:LAMR) last issued its quarterly earnings data on Friday, November 8th. The real estate investment trust reported $1.44 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.73). The firm had revenue of $564.10 million during the quarter, compared to the consensus estimate of $568.91 million. Lamar Advertising had a net margin of 23.46% and a return on equity of 42.58%. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.04 earnings per share. On average, equities analysts expect that Lamar Advertising will post 7.49 earnings per share for the current year.

Lamar Advertising Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors 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 annualized dividend and a yield of 4.46%. Lamar Advertising’s dividend payout ratio is presently 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.