Hantz Financial Services Inc. Sells 1,154 Shares of Lamar Advertising (NASDAQ:LAMR)

Hantz Financial Services Inc. lowered its position in shares of Lamar Advertising (NASDAQ:LAMR) by 3.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,982 shares of the real estate investment trust’s stock after selling 1,154 shares during the period. Hantz Financial Services Inc.’s holdings in Lamar Advertising were worth $4,137,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Los Angeles Capital Management LLC bought a new position in shares of Lamar Advertising during the third quarter worth approximately $43,665,000. JPMorgan Chase & Co. increased 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 acquiring an additional 90,933 shares during the period. Nomura Asset Management Co. Ltd. increased 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 acquiring an additional 109,790 shares during the period. Franklin Resources Inc. increased its stake in Lamar Advertising by 39.8% during the 3rd quarter. Franklin Resources Inc. now owns 51,503 shares of the real estate investment trust’s stock worth $7,017,000 after acquiring an additional 14,672 shares during the period. Finally, BNP Paribas Financial Markets increased its stake 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 acquiring an additional 47,746 shares during the period. Institutional investors own 93.78% of the company’s stock.

Lamar Advertising Trading Down 0.7 %

Shares of LAMR stock opened at $125.55 on Thursday. The stock’s fifty day moving average price is $126.15 and its two-hundred day moving average price is $126.47. The company has a market cap of $12.85 billion, a PE ratio of 25.11 and a beta of 1.50. Lamar Advertising has a fifty-two week low of $102.10 and a fifty-two week high of $139.88. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.56 and a current ratio of 0.56.

Lamar Advertising (NASDAQ:LAMR) last released its quarterly earnings data 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). 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 for the quarter, compared to analyst estimates of $568.91 million. During the same period last year, the business earned $2.04 EPS. The company’s revenue was up 4.0% compared to the same quarter last year. Equities analysts predict that Lamar Advertising will post 7.49 EPS for the current fiscal year.

Lamar Advertising Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Wednesday, December 18th were issued a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a dividend yield of 4.46%. The ex-dividend date of this dividend was Wednesday, December 18th. Lamar Advertising’s dividend payout ratio (DPR) is 112.00%.

Wall Street Analyst Weigh In

A number of research firms have commented on LAMR. Morgan Stanley raised their price objective on Lamar Advertising from $125.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. TD Cowen raised their price objective on Lamar Advertising from $142.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Wells Fargo & Company lowered their price objective on 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. Finally, StockNews.com downgraded Lamar Advertising from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently 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.