Lamar Advertising (NASDAQ:LAMR) Shares Sold by Advisors Preferred LLC

Advisors Preferred LLC lowered its stake in shares of Lamar Advertising (NASDAQ:LAMR) by 12.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,487 shares of the real estate investment trust’s stock after selling 511 shares during the period. Advisors Preferred LLC’s holdings in Lamar Advertising were worth $422,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in LAMR. Blue Trust Inc. lifted its stake in shares of Lamar Advertising by 444.1% during the third quarter. Blue Trust Inc. now owns 185 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 151 shares in the last quarter. Brooklyn Investment Group purchased a new position in Lamar Advertising in the 3rd quarter worth approximately $25,000. Concord Wealth Partners acquired a new stake in Lamar Advertising in the third quarter valued at approximately $26,000. Assetmark Inc. raised its stake in shares of Lamar Advertising by 109.3% during the third quarter. Assetmark Inc. now owns 224 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 117 shares during the period. Finally, Versant Capital Management Inc lifted its position in shares of Lamar Advertising by 46.6% during the fourth 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 owned by hedge funds and other institutional investors.

Lamar Advertising Price Performance

LAMR stock opened at $127.73 on Friday. 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 one year low of $102.10 and a one year high of $139.88. The firm has a market capitalization of $13.07 billion, a PE ratio of 25.55 and a beta of 1.51. The firm has a 50-day moving average of $125.24 and a two-hundred day moving average of $126.73.

Lamar Advertising (NASDAQ:LAMR) last issued its earnings results on Friday, November 8th. The real estate investment trust reported $1.44 earnings per share 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 business had revenue of $564.10 million during the quarter, compared to analyst estimates of $568.91 million. During the same quarter in the prior year, the company earned $2.04 EPS. Lamar Advertising’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, analysts forecast that Lamar Advertising will post 7.49 earnings per share for the current year.

Lamar Advertising Announces Dividend

The business also recently declared 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 of this dividend was Wednesday, December 18th. This represents a $5.60 annualized dividend and a yield of 4.38%. Lamar Advertising’s dividend payout ratio (DPR) is presently 112.00%.

Analyst Ratings Changes

LAMR has been the topic of a number of recent analyst reports. TD Cowen boosted their price objective 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 increased their price target on Lamar Advertising from $125.00 to $135.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Wells Fargo & Company dropped their price objective on Lamar Advertising from $132.00 to $124.00 and set an “equal weight” rating on the stock in a report on Monday, November 11th. Finally, StockNews.com lowered Lamar Advertising from a “buy” rating to a “hold” rating in a report 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. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $132.40.

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.