Lamar Advertising (NASDAQ:LAMR) Stock Position Raised by KBC Group NV

KBC Group NV lifted its position in Lamar Advertising (NASDAQ:LAMR) by 43.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,247 shares of the real estate investment trust’s stock after buying an additional 979 shares during the quarter. KBC Group NV’s holdings in Lamar Advertising were worth $395,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its position in shares of Lamar Advertising by 444.1% in the third 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 during the period. Brooklyn Investment Group acquired a new position in Lamar Advertising in the 3rd quarter valued at $25,000. Concord Wealth Partners bought a new position in Lamar Advertising in the 3rd quarter worth $26,000. Assetmark Inc. lifted its position in Lamar Advertising by 109.3% during the 3rd quarter. Assetmark Inc. now owns 224 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 117 shares during the last quarter. Finally, Versant Capital Management Inc boosted 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 valued at $55,000 after acquiring an additional 143 shares during the period. Institutional investors and hedge funds own 93.78% of the company’s stock.

Analyst Ratings Changes

LAMR has been the subject of several research analyst reports. Wells Fargo & Company cut their target price on shares of Lamar Advertising from $132.00 to $124.00 and set an “equal weight” rating for the company in a research note on Monday, November 11th. Morgan Stanley upped their price objective on shares of Lamar Advertising from $125.00 to $135.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. TD Cowen increased their target price 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. Finally, StockNews.com lowered Lamar Advertising from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $132.40.

Lamar Advertising Trading Down 0.3 %

NASDAQ LAMR opened at $126.42 on Monday. 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’s 50-day moving average is $125.98 and its 200-day moving average is $126.57. Lamar Advertising has a one year low of $102.10 and a one year high of $139.88. The firm has a market cap of $12.94 billion, a P/E ratio of 25.28 and a beta of 1.50.

Lamar Advertising (NASDAQ:LAMR) last released its quarterly 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 firm had revenue of $564.10 million during the quarter, compared to analyst estimates of $568.91 million. Lamar Advertising had a net margin of 23.46% and a return on equity of 42.58%. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.04 EPS. Sell-side analysts anticipate that Lamar Advertising will post 7.49 earnings per share for the current fiscal year.

Lamar Advertising Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Wednesday, December 18th were issued a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a dividend yield of 4.43%. The ex-dividend date was Wednesday, December 18th. Lamar Advertising’s payout ratio is 112.00%.

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.