Pensionfund Sabic Acquires New Holdings in Lamar Advertising (NASDAQ:LAMR)

Pensionfund Sabic bought a new position in shares of Lamar Advertising (NASDAQ:LAMR) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 4,200 shares of the real estate investment trust’s stock, valued at approximately $511,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its stake 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 purchasing an additional 151 shares during the last quarter. Brooklyn Investment Group acquired a new position in Lamar Advertising during the 3rd quarter worth about $25,000. Concord Wealth Partners bought a new stake in shares of Lamar Advertising in the 3rd quarter valued at about $26,000. Assetmark Inc. increased its stake 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 buying an additional 117 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of Lamar Advertising during the second quarter worth about $45,000. 93.78% of the stock is currently owned by institutional investors and hedge funds.

Lamar Advertising Stock Performance

NASDAQ:LAMR opened at $121.76 on Tuesday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 2.48. Lamar Advertising has a twelve month low of $102.10 and a twelve month high of $139.88. The company has a fifty day moving average of $128.71 and a 200-day moving average of $125.84. The firm has a market capitalization of $12.46 billion, a P/E ratio of 24.35 and a beta of 1.50.

Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings results on Friday, November 8th. The real estate investment trust reported $1.44 earnings per share 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 the consensus estimate of $568.91 million. Lamar Advertising had a net margin of 23.46% and a return on equity of 42.58%. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period last year, the firm posted $2.04 earnings per share. As a group, sell-side analysts anticipate that Lamar Advertising will post 7.52 EPS for the current year.

Lamar Advertising Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Wednesday, December 18th were paid a $1.40 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $5.60 dividend on an annualized basis and a yield of 4.60%. Lamar Advertising’s dividend payout ratio (DPR) is presently 112.00%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Morgan Stanley upped their target price on Lamar Advertising from $125.00 to $135.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Wells Fargo & Company reduced their price objective on shares of Lamar Advertising from $132.00 to $124.00 and set an “equal weight” rating on the stock in a research note on Monday, November 11th. StockNews.com downgraded shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Finally, TD Cowen upped their price target 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. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $132.40.

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.