OneDigital Investment Advisors LLC Invests $205,000 in Lamar Advertising (NASDAQ:LAMR)

OneDigital Investment Advisors LLC acquired a new stake in Lamar Advertising (NASDAQ:LAMR) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,532 shares of the real estate investment trust’s stock, valued at approximately $205,000.

Other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. raised its holdings 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 worth $25,000 after buying an additional 151 shares during the last quarter. Concord Wealth Partners purchased a new position in Lamar Advertising in the 3rd quarter worth $26,000. Whittier Trust Co. lifted its position in Lamar Advertising by 144.4% during the 2nd quarter. Whittier Trust Co. now owns 220 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 130 shares during the period. Assetmark Inc. grew its stake in Lamar Advertising by 109.3% during the 3rd 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. Finally, MFA Wealth Advisors LLC acquired a new position in shares of Lamar Advertising in the second quarter valued at about $30,000. 93.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Wells Fargo & Company cut 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 report on Monday, November 11th. StockNews.com cut shares of Lamar Advertising from a “buy” rating to a “hold” rating in a report on Monday, November 11th. JPMorgan Chase & Co. upped their price target on shares of Lamar Advertising from $117.00 to $121.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Morgan Stanley increased their price target on Lamar Advertising from $125.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. Finally, TD Cowen boosted their price objective on Lamar Advertising from $142.00 to $160.00 and gave the company a “buy” rating in a report on Monday, November 11th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $132.40.

Lamar Advertising Stock Up 0.8 %

LAMR stock opened at $130.35 on Friday. Lamar Advertising has a 52 week low of $97.54 and a 52 week high of $139.88. 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 firm has a 50-day simple moving average of $132.41 and a 200-day simple moving average of $123.73. The stock has a market capitalization of $13.34 billion, a P/E ratio of 26.07 and a beta of 1.52.

Lamar Advertising (NASDAQ:LAMR) last announced its quarterly earnings data on Friday, November 8th. The real estate investment trust reported $1.44 earnings per share for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.73). Lamar Advertising had a net margin of 23.46% and a return on equity of 42.58%. The firm had revenue of $564.10 million during the quarter, compared to analysts’ expectations of $568.91 million. During the same quarter in the previous year, the business posted $2.04 EPS. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. Equities analysts forecast that Lamar Advertising will post 7.52 earnings per share for the current fiscal year.

Lamar Advertising Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Wednesday, September 18th were paid a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 4.30%. The ex-dividend date of this dividend was Wednesday, September 18th. This is a boost from Lamar Advertising’s previous quarterly dividend of $1.30. Lamar Advertising’s dividend payout ratio is currently 112.00%.

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.