Lamar Advertising (NASDAQ:LAMR) Shares Purchased by NovaPoint Capital LLC

NovaPoint Capital LLC raised its stake in shares of Lamar Advertising (NASDAQ:LAMR) by 7.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,777 shares of the real estate investment trust’s stock after purchasing an additional 268 shares during the period. NovaPoint Capital LLC’s holdings in Lamar Advertising were worth $460,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in LAMR. Blue Trust Inc. boosted its stake in Lamar Advertising by 444.1% during the 3rd quarter. Blue Trust Inc. now owns 185 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 151 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of Lamar Advertising in the 3rd quarter worth about $25,000. Concord Wealth Partners acquired a new position in Lamar Advertising during the 3rd quarter valued at about $26,000. Assetmark Inc. grew its stake in shares of Lamar Advertising by 109.3% in the 3rd quarter. Assetmark Inc. now owns 224 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 117 shares during the last quarter. Finally, Versant Capital Management Inc grew its stake in shares of Lamar Advertising by 46.6% in the 4th quarter. Versant Capital Management Inc now owns 450 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 143 shares during the last quarter. Institutional investors and hedge funds own 93.78% of the company’s stock.

Lamar Advertising Trading Up 1.0 %

Shares of LAMR stock opened at $126.35 on Thursday. Lamar Advertising has a 1 year low of $102.10 and a 1 year high of $139.88. The firm’s fifty day simple moving average is $125.65 and its 200 day simple moving average is $126.69. The firm has a market capitalization of $12.93 billion, a P/E ratio of 25.27 and a beta of 1.51. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.48.

Lamar Advertising (NASDAQ:LAMR) last announced its 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 return on equity of 42.58% and a net margin of 23.46%. The company had revenue of $564.10 million for the quarter, compared to the consensus estimate of $568.91 million. During the same period last year, the firm posted $2.04 EPS. The company’s revenue was up 4.0% compared to the same quarter last year. As a group, sell-side analysts predict that Lamar Advertising will post 7.49 EPS for the current 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 given a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date was Wednesday, December 18th. Lamar Advertising’s dividend payout ratio (DPR) is currently 112.00%.

Wall Street Analyst Weigh In

Several research analysts have commented on LAMR shares. TD Cowen raised their target price on shares of Lamar Advertising from $142.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Morgan Stanley lifted 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 note on Monday, November 11th. StockNews.com cut shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research note 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 note 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 MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $132.40.

Lamar Advertising 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.