Schroder Investment Management Group Sells 26,101 Shares of Lamar Advertising (NASDAQ:LAMR)

Schroder Investment Management Group cut its position in shares of Lamar Advertising (NASDAQ:LAMR) by 10.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 220,351 shares of the real estate investment trust’s stock after selling 26,101 shares during the period. Schroder Investment Management Group owned about 0.22% of Lamar Advertising worth $26,744,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in LAMR. Rialto Wealth Management LLC purchased a new stake in shares of Lamar Advertising in the 4th quarter worth approximately $25,000. Blue Trust Inc. raised its stake in Lamar Advertising by 58.4% in the fourth quarter. Blue Trust Inc. now owns 293 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 108 shares in the last quarter. Versant Capital Management Inc lifted its holdings in Lamar Advertising by 46.6% during the fourth 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 period. Avior Wealth Management LLC boosted its position in Lamar Advertising by 16.8% during 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 in the last quarter. Finally, UMB Bank n.a. increased its holdings in shares of Lamar Advertising by 14.7% in the 4th quarter. UMB Bank n.a. now owns 701 shares of the real estate investment trust’s stock valued at $85,000 after acquiring an additional 90 shares during the period. 93.78% of the stock is currently owned by hedge funds and other institutional investors.

Lamar Advertising Trading Up 2.3 %

Shares of NASDAQ:LAMR opened at $115.94 on Thursday. The business’s 50-day moving average is $121.66 and its 200 day moving average is $126.68. The company has a debt-to-equity ratio of 2.48, a current ratio of 0.56 and a quick ratio of 0.56. Lamar Advertising has a 1 year low of $108.80 and a 1 year high of $139.88. The firm has a market capitalization of $11.87 billion, a P/E ratio of 32.84 and a beta of 1.53.

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

Lamar Advertising Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a dividend of $1.55 per share. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from Lamar Advertising’s previous quarterly dividend of $1.40. This represents a $6.20 dividend on an annualized basis and a dividend yield of 5.35%. Lamar Advertising’s payout ratio is 175.64%.

Analysts Set New Price Targets

LAMR has been the subject of a number of analyst reports. 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. Citigroup increased their price target on shares of Lamar Advertising from $121.76 to $128.00 and gave the company a “neutral” rating in a research report on Tuesday, February 25th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $134.60.

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.