Carmel Capital Partners LLC Has $494,000 Stake in Lamar Advertising (NASDAQ:LAMR)

Carmel Capital Partners LLC increased its position in shares of Lamar Advertising (NASDAQ:LAMR) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,060 shares of the real estate investment trust’s stock after acquiring an additional 81 shares during the quarter. Carmel Capital Partners LLC’s holdings in Lamar Advertising were worth $494,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of LAMR. Farther Finance Advisors LLC boosted its stake in Lamar Advertising by 23.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 975 shares of the real estate investment trust’s stock worth $130,000 after acquiring an additional 184 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in Lamar Advertising by 78.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 2,524 shares of the real estate investment trust’s stock worth $337,000 after acquiring an additional 1,111 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in Lamar Advertising by 42,096.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 126,167 shares of the real estate investment trust’s stock worth $16,856,000 after acquiring an additional 125,868 shares during the last quarter. QRG Capital Management Inc. bought a new position in Lamar Advertising during the 3rd quarter worth approximately $2,015,000. Finally, Austin Private Wealth LLC bought a new position in Lamar Advertising during the 3rd quarter worth approximately $208,000. Institutional investors own 93.78% of the company’s stock.

Lamar Advertising Price Performance

NASDAQ LAMR opened at $124.51 on Thursday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 2.48. Lamar Advertising has a 12-month low of $108.80 and a 12-month high of $139.88. The company has a market capitalization of $12.75 billion, a PE ratio of 35.27 and a beta of 1.51. The firm’s 50 day moving average is $124.46 and its 200-day moving average is $127.86.

Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $2.21 earnings per share (EPS) for the quarter, beating 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 company had revenue of $579.57 million for the quarter, compared to the consensus estimate of $583.19 million. Equities research analysts anticipate that Lamar Advertising will post 7.92 earnings per share for the current fiscal year.

Lamar Advertising Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $1.55 dividend. The ex-dividend date is Friday, March 14th. This is an increase from Lamar Advertising’s previous quarterly dividend of $1.40. This represents a $6.20 dividend on an annualized basis and a dividend yield of 4.98%. Lamar Advertising’s dividend payout ratio (DPR) is 175.64%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on LAMR shares. Citigroup lifted their price objective on shares of Lamar Advertising from $121.76 to $128.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 25th. TD Cowen lifted their price target on shares of Lamar Advertising from $142.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. cut their price target on shares of Lamar Advertising from $129.00 to $126.00 and set a “neutral” rating on the stock in a research note on Friday, February 21st. Morgan Stanley lifted their price target 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. Finally, Wells Fargo & Company cut their price target on shares of 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. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $134.60.

Lamar Advertising Company 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.