Yousif Capital Management LLC Reduces Position in Lamar Advertising (NASDAQ:LAMR)

Yousif Capital Management LLC trimmed its holdings in Lamar Advertising (NASDAQ:LAMR) by 3.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 34,480 shares of the real estate investment trust’s stock after selling 1,410 shares during the quarter. Yousif Capital Management LLC’s holdings in Lamar Advertising were worth $4,198,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Trust Point Inc. purchased a new stake in Lamar Advertising in the fourth quarter worth $462,000. Boston Trust Walden Corp grew its holdings in shares of Lamar Advertising by 3.1% in the fourth quarter. Boston Trust Walden Corp now owns 420,640 shares of the real estate investment trust’s stock worth $51,209,000 after purchasing an additional 12,827 shares during the last quarter. JB Capital LLC increased its stake in Lamar Advertising by 3.5% in the 4th quarter. JB Capital LLC now owns 29,016 shares of the real estate investment trust’s stock worth $3,532,000 after buying an additional 977 shares during the period. Willis Investment Counsel bought a new stake in Lamar Advertising during the 4th quarter valued at about $369,000. Finally, Golden State Equity Partners boosted its position in Lamar Advertising by 17.4% in the 4th quarter. Golden State Equity Partners now owns 4,483 shares of the real estate investment trust’s stock valued at $546,000 after buying an additional 664 shares during the period. 93.78% of the stock is owned by institutional investors.

Lamar Advertising Stock Up 0.9 %

Shares of NASDAQ LAMR opened at $127.73 on Friday. The stock has a market capitalization of $13.07 billion, a PE ratio of 25.55 and a beta of 1.51. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.48. Lamar Advertising has a 12-month low of $102.10 and a 12-month high of $139.88. The stock’s fifty day simple moving average is $125.37 and its two-hundred day simple moving average is $126.69.

Lamar Advertising (NASDAQ:LAMR) last posted its earnings results on Friday, November 8th. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.73). The company had revenue of $564.10 million during the quarter, compared to analysts’ expectations of $568.91 million. Lamar Advertising had a net margin of 23.46% and a return on equity of 42.58%. Lamar Advertising’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.04 EPS. As a group, analysts expect that Lamar Advertising will post 7.49 EPS for the current fiscal year.

Lamar Advertising Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Wednesday, December 18th were given a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date was Wednesday, December 18th. Lamar Advertising’s payout ratio is currently 112.00%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on LAMR shares. Wells Fargo & Company reduced their target price 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. TD Cowen raised their price objective on Lamar Advertising from $142.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Morgan Stanley upped their target price on Lamar Advertising from $125.00 to $135.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Finally, StockNews.com lowered Lamar Advertising from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Lamar Advertising presently has a consensus rating of “Hold” and an average 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.