Quadrature Capital Ltd Makes New $1.28 Million Investment in Lamar Advertising (NASDAQ:LAMR)

Quadrature Capital Ltd bought a new position in shares of Lamar Advertising (NASDAQ:LAMR) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 12,043 shares of the real estate investment trust’s stock, valued at approximately $1,280,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. boosted its position in Lamar Advertising by 2.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 57,652 shares of the real estate investment trust’s stock worth $6,127,000 after purchasing an additional 1,643 shares during the period. Wellington Management Group LLP bought a new stake in Lamar Advertising during the fourth quarter worth approximately $111,255,000. Royal London Asset Management Ltd. boosted its position in Lamar Advertising by 4.1% during the fourth quarter. Royal London Asset Management Ltd. now owns 21,822 shares of the real estate investment trust’s stock worth $2,319,000 after purchasing an additional 853 shares during the period. Quarry LP boosted its position in shares of Lamar Advertising by 70.4% in the fourth quarter. Quarry LP now owns 322 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 133 shares during the period. Finally, Clear Street Markets LLC bought a new stake in shares of Lamar Advertising in the fourth quarter valued at approximately $159,000. Institutional investors own 93.78% of the company’s stock.

Wall Street Analyst Weigh In

LAMR has been the subject of several research reports. StockNews.com raised Lamar Advertising from a “hold” rating to a “buy” rating in a research report on Friday, May 31st. JPMorgan Chase & Co. increased their price objective on Lamar Advertising from $92.00 to $109.00 and gave the company a “neutral” rating in a research report on Monday, February 26th. Finally, Morgan Stanley increased their price objective on Lamar Advertising from $105.00 to $110.00 and gave the company an “equal weight” rating in a research report on Monday, February 26th.

Insider Buying and Selling at Lamar Advertising

In other Lamar Advertising news, Director John E. Koerner III sold 17,000 shares of Lamar Advertising stock in a transaction on Friday, May 10th. The stock was sold at an average price of $120.05, for a total transaction of $2,040,850.00. Following the completion of the transaction, the director now directly owns 32,178 shares of the company’s stock, valued at $3,862,968.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 14.98% of the company’s stock.

Lamar Advertising Stock Up 0.3 %

Shares of LAMR stock opened at $114.69 on Thursday. The stock has a market cap of $11.73 billion, a P/E ratio of 23.55 and a beta of 1.50. Lamar Advertising has a one year low of $77.21 and a one year high of $122.22. The stock has a fifty day moving average price of $116.46 and a 200 day moving average price of $111.86. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.38 and a quick ratio of 0.38.

Lamar Advertising (NASDAQ:LAMR) last issued its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.76 EPS for the quarter, missing the consensus estimate of $1.47 by ($0.71). The firm had revenue of $498.15 million during the quarter, compared to the consensus estimate of $496.98 million. Lamar Advertising had a return on equity of 41.86% and a net margin of 23.29%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the business earned $1.41 earnings per share. Analysts predict that Lamar Advertising will post 7.69 earnings per share for the current year.

Lamar Advertising Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 17th will be paid a dividend of $1.30 per share. The ex-dividend date of this dividend is Monday, June 17th. This represents a $5.20 annualized dividend and a yield of 4.53%. Lamar Advertising’s dividend payout ratio is currently 106.78%.

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.