Nomura Asset Management Co. Ltd. Has $14.12 Million Stock Holdings in Lamar Advertising (NASDAQ:LAMR)

Nomura Asset Management Co. Ltd. boosted its holdings in shares of Lamar Advertising (NASDAQ:LAMR) by 5.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 115,970 shares of the real estate investment trust’s stock after buying an additional 5,630 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Lamar Advertising were worth $14,118,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Janus Henderson Group PLC grew its holdings in shares of Lamar Advertising by 2.9% during the 3rd quarter. Janus Henderson Group PLC now owns 4,248,660 shares of the real estate investment trust’s stock valued at $567,632,000 after acquiring an additional 119,068 shares in the last quarter. State Street Corp boosted its position in Lamar Advertising by 0.8% during the third quarter. State Street Corp now owns 2,640,356 shares of the real estate investment trust’s stock valued at $352,752,000 after purchasing an additional 21,852 shares during the last quarter. Boston Partners grew its stake in Lamar Advertising by 6.7% in the fourth quarter. Boston Partners now owns 2,423,981 shares of the real estate investment trust’s stock valued at $295,122,000 after purchasing an additional 152,575 shares in the last quarter. Geode Capital Management LLC increased its position in Lamar Advertising by 4.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,054,962 shares of the real estate investment trust’s stock worth $274,595,000 after purchasing an additional 90,775 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of Lamar Advertising by 45.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,974,848 shares of the real estate investment trust’s stock worth $263,840,000 after purchasing an additional 617,356 shares in the last quarter. 93.78% of the stock is owned by hedge funds and other institutional investors.

Lamar Advertising Stock Down 0.1 %

LAMR opened at $112.46 on Monday. The firm has a market cap of $11.52 billion, a P/E ratio of 31.86 and a beta of 1.53. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.56 and a current ratio of 0.56. The business has a 50 day moving average price of $122.38 and a 200 day moving average price of $126.96. Lamar Advertising has a twelve month low of $108.80 and a twelve month high of $139.88.

Lamar Advertising (NASDAQ:LAMR) last issued its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.74. Lamar Advertising had a net margin of 16.40% and a return on equity of 30.20%. The business had revenue of $579.57 million during the quarter, compared to analysts’ expectations of $583.19 million. Research analysts forecast that Lamar Advertising will post 7.92 EPS for the current year.

Lamar Advertising Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $1.55 per share. This represents a $6.20 dividend on an annualized basis and a yield of 5.51%. This is a boost from Lamar Advertising’s previous quarterly dividend of $1.40. The ex-dividend date of this dividend was Friday, March 14th. Lamar Advertising’s dividend payout ratio is 175.64%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Citigroup boosted their price target on Lamar Advertising from $121.76 to $128.00 and gave the company a “neutral” rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. decreased their target price on shares of Lamar Advertising from $129.00 to $126.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Lamar Advertising has a consensus rating of “Hold” and a consensus price target of $134.60.

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.