Lamar Advertising (NASDAQ:LAMR) Shares Sold by Entropy Technologies LP

Entropy Technologies LP cut its stake in Lamar Advertising (NASDAQ:LAMR) by 29.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,712 shares of the real estate investment trust’s stock after selling 3,600 shares during the period. Entropy Technologies LP’s holdings in Lamar Advertising were worth $1,061,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Blue Trust Inc. increased its stake in Lamar Advertising by 444.1% in the 3rd quarter. Blue Trust Inc. now owns 185 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 151 shares in the last quarter. Brooklyn Investment Group acquired a new stake in Lamar Advertising in the third quarter valued at $25,000. Concord Wealth Partners purchased a new position in shares of Lamar Advertising in the third quarter valued at $26,000. Assetmark Inc. increased its position in shares of Lamar Advertising by 109.3% in the third quarter. Assetmark Inc. now owns 224 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 117 shares in the last quarter. Finally, Versant Capital Management Inc raised its stake in shares of Lamar Advertising by 46.6% during the 4th quarter. Versant Capital Management Inc now owns 450 shares of the real estate investment trust’s stock worth $55,000 after buying an additional 143 shares during the last quarter. 93.78% of the stock is currently owned by institutional investors and hedge funds.

Lamar Advertising Stock Performance

NASDAQ:LAMR opened at $128.18 on Tuesday. 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 firm has a market cap of $13.12 billion, a PE ratio of 25.64 and a beta of 1.51. The firm has a 50 day simple moving average of $125.24 and a 200-day simple moving average of $126.83. Lamar Advertising has a 1-year low of $102.10 and a 1-year high of $139.88.

Lamar Advertising (NASDAQ:LAMR) last issued its quarterly 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). Lamar Advertising had a net margin of 23.46% and a return on equity of 42.58%. The business had revenue of $564.10 million during the quarter, compared to analyst estimates of $568.91 million. During the same quarter last year, the firm posted $2.04 earnings per share. The company’s revenue was up 4.0% on a year-over-year basis. On average, equities analysts expect that Lamar Advertising will post 7.49 EPS for the current year.

Lamar Advertising Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Wednesday, December 18th were given a dividend of $1.40 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $5.60 annualized dividend and a yield of 4.37%. Lamar Advertising’s dividend payout ratio (DPR) is presently 112.00%.

Analyst Ratings Changes

A number of brokerages recently commented on LAMR. TD Cowen increased their price objective on shares of Lamar Advertising from $142.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Wells Fargo & Company lowered their price target on shares of Lamar Advertising from $132.00 to $124.00 and set an “equal weight” rating on the stock in a research report on Monday, November 11th. StockNews.com downgraded Lamar Advertising from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Finally, Morgan Stanley increased their target price on Lamar Advertising from $125.00 to $135.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Lamar Advertising has a consensus rating of “Hold” and a consensus price target of $132.40.

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.