Golden State Equity Partners Buys 311 Shares of Lamar Advertising Company (NASDAQ:LAMR)

Golden State Equity Partners increased its stake in shares of Lamar Advertising Company (NASDAQ:LAMR) by 6.9% during the first quarter, HoldingsChannel reports. The fund owned 4,794 shares of the real estate investment trust’s stock after acquiring an additional 311 shares during the quarter. Golden State Equity Partners’ holdings in Lamar Advertising were worth $545,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rialto Wealth Management LLC bought a new position in Lamar Advertising during the fourth quarter worth $25,000. Bessemer Group Inc. increased its position in Lamar Advertising by 106.7% during the fourth 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. ST Germain D J Co. Inc. boosted its stake in Lamar Advertising by 346.0% during the first quarter. ST Germain D J Co. Inc. now owns 281 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 218 shares in the last quarter. McIlrath & Eck LLC boosted its stake in Lamar Advertising by 175.1% during the fourth quarter. McIlrath & Eck LLC now owns 707 shares of the real estate investment trust’s stock worth $86,000 after buying an additional 450 shares in the last quarter. Finally, GeoWealth Management LLC boosted its stake in Lamar Advertising by 100.8% during the fourth quarter. GeoWealth Management LLC now owns 773 shares of the real estate investment trust’s stock worth $94,000 after buying an additional 388 shares in the last quarter. Institutional investors own 93.78% of the company’s stock.

Lamar Advertising Stock Down 1.9%

LAMR opened at $119.26 on Thursday. Lamar Advertising Company has a fifty-two week low of $99.84 and a fifty-two week high of $139.88. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.57 and a quick ratio of 0.57. The firm’s fifty day moving average price is $117.16 and its two-hundred day moving average price is $119.48. The company has a market capitalization of $12.21 billion, a P/E ratio of 28.95 and a beta of 1.34.

Lamar Advertising (NASDAQ:LAMR) last issued its earnings results on Thursday, May 8th. The real estate investment trust reported $1.60 EPS for the quarter, beating the consensus estimate of $1.54 by $0.06. Lamar Advertising had a net margin of 19.08% and a return on equity of 37.62%. The company had revenue of $505.43 million for the quarter, compared to the consensus estimate of $509.72 million. On average, analysts anticipate that Lamar Advertising Company will post 7.92 EPS for the current year.

Lamar Advertising Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a $1.55 dividend. The ex-dividend date is Monday, June 16th. This represents a $6.20 annualized dividend and a dividend yield of 5.20%. Lamar Advertising’s dividend payout ratio is presently 150.49%.

Analyst Upgrades and Downgrades

LAMR has been the topic of a number of recent research reports. Citigroup upgraded shares of Lamar Advertising from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $114.00 to $135.00 in a research note on Thursday, May 29th. Morgan Stanley decreased their price target on shares of Lamar Advertising from $135.00 to $125.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Lamar Advertising has an average rating of “Hold” and a consensus target price of $134.00.

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.