Miller Howard Investments Inc. NY Has $39.25 Million Holdings in Lamar Advertising (NASDAQ:LAMR)

Miller Howard Investments Inc. NY decreased its position in shares of Lamar Advertising (NASDAQ:LAMR) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 322,424 shares of the real estate investment trust’s stock after selling 4,434 shares during the period. Miller Howard Investments Inc. NY’s holdings in Lamar Advertising were worth $39,252,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Blue Trust Inc. grew its position in Lamar Advertising by 444.1% in the third 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 Lamar Advertising in the third quarter valued at approximately $25,000. Concord Wealth Partners acquired a new position in shares of Lamar Advertising during the third quarter worth $26,000. Assetmark Inc. boosted its holdings in shares of 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 acquiring an additional 117 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings in 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 in the last quarter. 93.78% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Wells Fargo & Company dropped 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 report on Monday, November 11th. Morgan Stanley lifted their target price on Lamar Advertising from $125.00 to $135.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. StockNews.com downgraded Lamar Advertising from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Finally, TD Cowen increased 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. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $132.40.

Lamar Advertising Trading Up 0.9 %

LAMR opened at $127.73 on Friday. The company has a market cap of $13.07 billion, a P/E ratio of 25.55 and a beta of 1.51. The company has a fifty day moving average price of $125.24 and a two-hundred day moving average price of $126.73. 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 has a 1-year low of $102.10 and a 1-year high of $139.88.

Lamar Advertising (NASDAQ:LAMR) last announced its quarterly earnings data on Friday, November 8th. The real estate investment trust reported $1.44 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 firm had revenue of $564.10 million during the quarter, compared to analyst estimates of $568.91 million. During the same period last year, the business posted $2.04 EPS. The company’s revenue was up 4.0% on a year-over-year basis. Analysts predict that Lamar Advertising will post 7.49 EPS for the current fiscal year.

Lamar Advertising Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Wednesday, December 18th were paid a dividend of $1.40 per share. The ex-dividend date was Wednesday, December 18th. This represents a $5.60 dividend on an annualized basis and a yield of 4.38%. Lamar Advertising’s dividend payout ratio (DPR) is presently 112.00%.

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.