Lamar Advertising (NASDAQ:LAMR) Shares Acquired by Twin City Private Wealth LLC

Twin City Private Wealth LLC boosted its stake in Lamar Advertising (NASDAQ:LAMR) by 1.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 17,630 shares of the real estate investment trust’s stock after acquiring an additional 242 shares during the quarter. Lamar Advertising accounts for about 1.9% of Twin City Private Wealth LLC’s portfolio, making the stock its 20th biggest holding. Twin City Private Wealth LLC’s holdings in Lamar Advertising were worth $2,146,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in LAMR. Brooklyn Investment Group acquired a new stake in Lamar Advertising in the 3rd quarter valued at $25,000. Rialto Wealth Management LLC acquired a new stake in Lamar Advertising in the 4th quarter valued at $25,000. Blue Trust Inc. grew its stake in Lamar Advertising by 58.4% in the 4th quarter. Blue Trust Inc. now owns 293 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 108 shares during the period. Versant Capital Management Inc grew its stake in Lamar Advertising by 46.6% in 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 period. Finally, Avior Wealth Management LLC grew its stake in Lamar Advertising by 16.8% in the 4th quarter. Avior Wealth Management LLC now owns 584 shares of the real estate investment trust’s stock valued at $71,000 after acquiring an additional 84 shares during the period. Institutional investors and hedge funds own 93.78% of the company’s stock.

Lamar Advertising Trading Down 0.9 %

Shares of LAMR opened at $111.19 on Monday. Lamar Advertising has a 52-week low of $108.80 and a 52-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. The firm’s fifty day moving average is $123.20 and its two-hundred day moving average is $127.33. The stock has a market cap of $11.39 billion, a PE ratio of 31.50 and a beta of 1.53.

Lamar Advertising (NASDAQ:LAMR) last announced its earnings results on Thursday, February 20th. The real estate investment trust reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.74. Lamar Advertising had a net margin of 16.40% and a return on equity of 30.20%. The company had revenue of $579.57 million for the quarter, compared to analysts’ expectations of $583.19 million. Research analysts forecast that Lamar Advertising will post 7.92 earnings per share for the current fiscal year.

Lamar Advertising Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $1.55 per share. This represents a $6.20 annualized dividend and a dividend yield of 5.58%. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from Lamar Advertising’s previous quarterly dividend of $1.40. Lamar Advertising’s payout ratio is currently 175.64%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Citigroup lifted their price target on shares of Lamar Advertising from $121.76 to $128.00 and gave the company a “neutral” rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. lowered their target price on shares of Lamar Advertising from $129.00 to $126.00 and set a “neutral” rating on the stock in a research note on Friday, February 21st. Five research 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, the company has an average rating of “Hold” and a consensus target price of $134.60.

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.