Lamar Advertising (NASDAQ:LAMR) Shares Purchased by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. boosted its stake in Lamar Advertising (NASDAQ:LAMR) by 4.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 24,131 shares of the real estate investment trust’s stock after acquiring an additional 1,094 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Lamar Advertising were worth $2,938,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new stake in Lamar Advertising in the 3rd quarter valued at $25,000. Rialto Wealth Management LLC acquired a new stake in Lamar Advertising in the 4th quarter valued at $25,000. Assetmark Inc. grew its stake in Lamar Advertising by 109.3% in 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 during the period. Blue Trust Inc. grew its stake in Lamar Advertising by 58.4% in the 4th quarter. Blue Trust Inc. now owns 293 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 108 shares during the period. Finally, Versant Capital Management Inc grew its stake 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 valued at $55,000 after acquiring an additional 143 shares during the period. Institutional investors and hedge funds own 93.78% of the company’s stock.

Lamar Advertising Trading Up 0.8 %

Shares of LAMR opened at $111.54 on Friday. Lamar Advertising has a 52-week low of $108.80 and a 52-week high of $139.88. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 2.48. The firm’s fifty day moving average is $123.89 and its two-hundred day moving average is $127.72. The stock has a market cap of $11.42 billion, a PE ratio of 31.60 and a beta of 1.53.

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

Lamar Advertising Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $1.55 per share. This represents a $6.20 annualized dividend and a dividend yield of 5.56%. The ex-dividend date is Friday, March 14th. This is a positive change from Lamar Advertising’s previous quarterly dividend of $1.40. Lamar Advertising’s payout ratio is currently 175.64%.

Wall Street Analyst Weigh In

LAMR has been the topic of several recent research reports. Citigroup lifted their target price 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. JPMorgan Chase & Co. lowered their target price 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. Five equities research 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 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.