20,437 Shares in Lamar Advertising (NASDAQ:LAMR) Bought by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC purchased a new stake in shares of Lamar Advertising (NASDAQ:LAMR) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 20,437 shares of the real estate investment trust’s stock, valued at approximately $2,488,000.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Lamar Advertising during the fourth quarter worth about $57,255,000. Blair William & Co. IL increased its holdings in Lamar Advertising by 9.8% during the 4th quarter. Blair William & Co. IL now owns 5,295 shares of the real estate investment trust’s stock worth $645,000 after purchasing an additional 472 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Lamar Advertising by 2.3% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 58,165 shares of the real estate investment trust’s stock worth $7,076,000 after purchasing an additional 1,284 shares during the last quarter. Penobscot Investment Management Company Inc. raised its stake in shares of Lamar Advertising by 2.9% in the fourth quarter. Penobscot Investment Management Company Inc. now owns 3,499 shares of the real estate investment trust’s stock worth $426,000 after purchasing an additional 100 shares during the last quarter. Finally, Zions Bancorporation N.A. lifted its holdings in shares of Lamar Advertising by 19.3% in the fourth quarter. Zions Bancorporation N.A. now owns 18,375 shares of the real estate investment trust’s stock valued at $2,237,000 after purchasing an additional 2,968 shares in the last quarter. Institutional investors and hedge funds own 93.78% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on LAMR. JPMorgan Chase & Co. lowered their price target on Lamar Advertising from $129.00 to $126.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. Citigroup increased their target price on shares of Lamar Advertising from $121.76 to $128.00 and gave the company a “neutral” rating in a report on Tuesday, February 25th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Lamar Advertising has a consensus rating of “Hold” and an average target price of $134.60.

Lamar Advertising Trading Down 0.1 %

Shares of Lamar Advertising stock opened at $112.46 on Friday. The firm has a market cap of $11.52 billion, a PE ratio of 31.86 and a beta of 1.53. Lamar Advertising has a 1 year low of $108.80 and a 1 year high of $139.88. 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 stock has a fifty day moving average price of $122.38 and a 200-day moving average price of $126.95.

Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $2.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.74. The business had revenue of $579.57 million during the quarter, compared to the consensus estimate of $583.19 million. Lamar Advertising had a net margin of 16.40% and a return on equity of 30.20%. Equities research analysts anticipate that Lamar Advertising will post 7.92 EPS for the current year.

Lamar Advertising Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $1.55 dividend. This represents a $6.20 dividend on an annualized basis and a dividend yield of 5.51%. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from Lamar Advertising’s previous quarterly dividend of $1.40. Lamar Advertising’s payout ratio is 175.64%.

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.