Pensionfund DSM Netherlands Invests $998,000 in Lamar Advertising (NASDAQ:LAMR)

Pensionfund DSM Netherlands bought a new position in shares of Lamar Advertising (NASDAQ:LAMR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,200 shares of the real estate investment trust’s stock, valued at approximately $998,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LAMR. Janus Henderson Group PLC increased its holdings in Lamar Advertising by 2.9% in the third quarter. Janus Henderson Group PLC now owns 4,248,660 shares of the real estate investment trust’s stock valued at $567,632,000 after buying an additional 119,068 shares in the last quarter. State Street Corp increased its stake in shares of Lamar Advertising by 0.8% in the 3rd quarter. State Street Corp now owns 2,640,356 shares of the real estate investment trust’s stock valued at $352,752,000 after purchasing an additional 21,852 shares in the last quarter. Geode Capital Management LLC raised its holdings in Lamar Advertising by 4.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,054,962 shares of the real estate investment trust’s stock worth $274,595,000 after purchasing an additional 90,775 shares during the period. Wellington Management Group LLP boosted its position in Lamar Advertising by 45.5% during the third quarter. Wellington Management Group LLP now owns 1,974,848 shares of the real estate investment trust’s stock worth $263,840,000 after purchasing an additional 617,356 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Lamar Advertising by 6.5% in the third quarter. JPMorgan Chase & Co. now owns 1,497,702 shares of the real estate investment trust’s stock valued at $200,093,000 after purchasing an additional 90,933 shares during the period. 93.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LAMR has been the subject of a number of research reports. StockNews.com cut shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. TD Cowen raised their target price on Lamar Advertising from $142.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Morgan Stanley boosted their price target on Lamar Advertising from $125.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. Finally, Wells Fargo & Company lowered their target price on shares of Lamar Advertising from $132.00 to $124.00 and set an “equal weight” rating on the stock in a research note on Monday, November 11th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $132.40.

Lamar Advertising Trading Down 0.2 %

Shares of LAMR traded down $0.21 during midday trading on Monday, reaching $121.45. The company had a trading volume of 33,322 shares, compared to its average volume of 262,782. The firm has a 50 day simple moving average of $128.71 and a 200-day simple moving average of $125.76. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 2.48. The stock has a market cap of $12.43 billion, a PE ratio of 24.29 and a beta of 1.50. Lamar Advertising has a 1-year low of $102.10 and a 1-year high of $139.88.

Lamar Advertising (NASDAQ:LAMR) last posted its earnings results 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 analyst estimates of $568.91 million. Lamar Advertising had a net margin of 23.46% and a return on equity of 42.58%. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.04 earnings per share. Research analysts forecast that Lamar Advertising will post 7.52 EPS for the current fiscal year.

Lamar Advertising Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Wednesday, December 18th were issued a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a dividend yield of 4.61%. The ex-dividend date of this dividend was Wednesday, December 18th. Lamar Advertising’s dividend payout ratio (DPR) is currently 112.00%.

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.