Lamar Advertising (NASDAQ:LAMR) Shares Bought by Snowden Capital Advisors LLC

Snowden Capital Advisors LLC raised its position in Lamar Advertising (NASDAQ:LAMR) by 21.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,366 shares of the real estate investment trust’s stock after acquiring an additional 587 shares during the quarter. Snowden Capital Advisors LLC’s holdings in Lamar Advertising were worth $410,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. ProShare Advisors LLC grew its position in Lamar Advertising by 7.4% in the 4th quarter. ProShare Advisors LLC now owns 4,114 shares of the real estate investment trust’s stock valued at $501,000 after acquiring an additional 283 shares in the last quarter. Quantinno Capital Management LP grew its position in Lamar Advertising by 52.2% in the 4th quarter. Quantinno Capital Management LP now owns 53,639 shares of the real estate investment trust’s stock valued at $6,530,000 after acquiring an additional 18,389 shares in the last quarter. Nissay Asset Management Corp Japan ADV boosted its stake in shares of Lamar Advertising by 2.8% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 12,848 shares of the real estate investment trust’s stock valued at $1,566,000 after buying an additional 351 shares during the period. Nomura Holdings Inc. purchased a new position in shares of Lamar Advertising in the 4th quarter valued at about $2,583,000. Finally, Nuveen Asset Management LLC boosted its stake in shares of Lamar Advertising by 39.8% in the 4th quarter. Nuveen Asset Management LLC now owns 313,629 shares of the real estate investment trust’s stock valued at $38,181,000 after buying an additional 89,236 shares during the period. 93.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LAMR. Citigroup lifted their price objective on Lamar Advertising from $121.76 to $128.00 and gave the company a “neutral” rating in a research note on Tuesday, February 25th. Morgan Stanley decreased their price objective on Lamar Advertising from $135.00 to $125.00 and set an “equal weight” rating for the company in a research note on Thursday, May 1st. Finally, JPMorgan Chase & Co. decreased their price objective on Lamar Advertising from $129.00 to $126.00 and set a “neutral” rating for the company in a research note on Friday, February 21st. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $132.60.

Lamar Advertising Price Performance

LAMR stock opened at $114.91 on Thursday. The business has a 50 day moving average price of $112.84 and a 200 day moving average price of $121.42. The stock has a market cap of $11.77 billion, a price-to-earnings ratio of 32.55 and a beta of 1.38. Lamar Advertising has a fifty-two week low of $99.84 and a fifty-two week high of $139.88. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 2.48.

Lamar Advertising (NASDAQ:LAMR) last posted its earnings results on Thursday, May 8th. The real estate investment trust reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.06. The firm had revenue of $505.43 million during the quarter, compared to analysts’ expectations of $509.72 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 earnings per share for the current fiscal year.

Lamar Advertising Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a dividend of $1.55 per share. This represents a $6.20 annualized dividend and a yield of 5.40%. The ex-dividend date of this dividend is Monday, June 16th. Lamar Advertising’s payout ratio is 150.49%.

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.