Lamar Advertising (NASDAQ:LAMR) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC increased its holdings in shares of Lamar Advertising (NASDAQ:LAMR) by 31.2% in the fourth quarter, Holdings Channel reports. The firm owned 761 shares of the real estate investment trust’s stock after buying an additional 181 shares during the quarter. GAMMA Investing LLC’s holdings in Lamar Advertising were worth $93,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Los Angeles Capital Management LLC acquired a new stake in Lamar Advertising during the 3rd quarter worth $43,665,000. Acadian Asset Management LLC boosted its stake in Lamar Advertising by 179.4% during the 2nd quarter. Acadian Asset Management LLC now owns 18,639 shares of the real estate investment trust’s stock worth $2,226,000 after purchasing an additional 11,967 shares during the period. JPMorgan Chase & Co. boosted its stake in Lamar Advertising by 6.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,497,702 shares of the real estate investment trust’s stock worth $200,093,000 after purchasing an additional 90,933 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in Lamar Advertising by 19,961.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 110,340 shares of the real estate investment trust’s stock worth $14,741,000 after purchasing an additional 109,790 shares during the period. Finally, BNP Paribas Financial Markets raised its position in Lamar Advertising by 96.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 97,498 shares of the real estate investment trust’s stock worth $13,026,000 after buying an additional 47,746 shares during the last quarter. Institutional investors and hedge funds own 93.78% of the company’s stock.

Lamar Advertising Stock Performance

Shares of LAMR opened at $118.64 on Friday. The company has a 50-day simple moving average of $127.39 and a 200-day simple moving average of $125.83. 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 company has a market capitalization of $12.14 billion, a PE ratio of 23.73 and a beta of 1.50. Lamar Advertising has a 52-week low of $102.10 and a 52-week high of $139.88.

Lamar Advertising (NASDAQ:LAMR) last announced its quarterly earnings results on Friday, November 8th. The real estate investment trust reported $1.44 earnings per share (EPS) 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 company had revenue of $564.10 million during the quarter, compared to analysts’ expectations of $568.91 million. During the same quarter in the prior year, the business earned $2.04 EPS. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. Equities research analysts predict that Lamar Advertising will post 7.52 earnings per share for the current fiscal year.

Lamar Advertising Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Wednesday, December 18th were issued a dividend of $1.40 per share. The ex-dividend date was Wednesday, December 18th. This represents a $5.60 annualized dividend and a yield of 4.72%. Lamar Advertising’s dividend payout ratio (DPR) is currently 112.00%.

Analysts Set New Price Targets

LAMR has been the subject of a number of analyst reports. Wells Fargo & Company cut their price objective 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. TD Cowen upped their price objective on shares of Lamar Advertising from $142.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Morgan Stanley upped their price objective on shares of 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, StockNews.com downgraded shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research report 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. Based on data from MarketBeat.com, Lamar Advertising has a consensus rating of “Hold” and an average target price 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.