Carmel Capital Partners LLC Has $494,000 Stake in Lamar Advertising (NASDAQ:LAMR)

Carmel Capital Partners LLC increased its position in shares of Lamar Advertising (NASDAQ:LAMR) by 2.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,060 shares of the real estate investment trust’s stock after buying an additional 81 shares during the period. Carmel Capital Partners LLC’s holdings in Lamar Advertising were worth $494,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brooklyn Investment Group acquired a new position in shares of Lamar Advertising in the third quarter valued at $25,000. Assetmark Inc. increased its holdings 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 purchasing an additional 117 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Lamar Advertising by 58.4% in the fourth quarter. Blue Trust Inc. now owns 293 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 108 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of Lamar Advertising by 46.6% in the fourth quarter. Versant Capital Management Inc now owns 450 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 143 shares during the last quarter. Finally, Avior Wealth Management LLC increased its holdings in shares of Lamar Advertising by 16.8% in the fourth quarter. Avior Wealth Management LLC now owns 584 shares of the real estate investment trust’s stock valued at $71,000 after purchasing an additional 84 shares during the last quarter. 93.78% of the stock is currently owned by institutional investors and hedge funds.

Lamar Advertising Trading Up 2.1 %

LAMR opened at $124.51 on Thursday. Lamar Advertising has a twelve month low of $108.80 and a twelve month high of $139.88. The company has a 50-day simple moving average of $124.46 and a 200 day simple moving average of $127.86. 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 stock has a market capitalization of $12.75 billion, a price-to-earnings ratio of 35.27 and a beta of 1.51.

Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $2.21 earnings per share 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 business had revenue of $579.57 million during the quarter, compared to analysts’ expectations of $583.19 million. Analysts predict that Lamar Advertising will post 7.92 EPS for the current fiscal year.

Lamar Advertising Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $1.55 per share. This is a boost from Lamar Advertising’s previous quarterly dividend of $1.40. The ex-dividend date is Friday, March 14th. This represents a $6.20 annualized dividend and a yield of 4.98%. Lamar Advertising’s dividend payout ratio is currently 175.64%.

Analyst Ratings Changes

Several equities analysts have commented on LAMR shares. JPMorgan Chase & Co. decreased their price objective on shares of Lamar Advertising from $129.00 to $126.00 and set a “neutral” rating on the stock in a report on Friday, February 21st. TD Cowen boosted their target price on shares of Lamar Advertising from $142.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, November 11th. StockNews.com cut shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Morgan Stanley boosted their target price 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. Finally, Wells Fargo & Company reduced 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 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. Based on data from MarketBeat.com, Lamar Advertising presently has a consensus rating of “Hold” and an average price target of $134.60.

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.