Lamar Advertising (NASDAQ:LAMR) Shares Sold by Brookstone Capital Management

Brookstone Capital Management reduced its position in Lamar Advertising (NASDAQ:LAMR) by 7.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,651 shares of the real estate investment trust’s stock after selling 212 shares during the quarter. Brookstone Capital Management’s holdings in Lamar Advertising were worth $323,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of LAMR. Wellington Management Group LLP boosted its position in shares of Lamar Advertising by 45.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,974,848 shares of the real estate investment trust’s stock worth $263,840,000 after purchasing an additional 617,356 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Lamar Advertising in the 3rd quarter worth about $43,665,000. International Assets Investment Management LLC boosted its position in shares of Lamar Advertising by 49,140.4% in the 3rd quarter. International Assets Investment Management LLC now owns 285,102 shares of the real estate investment trust’s stock worth $38,090,000 after buying an additional 284,523 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Lamar Advertising by 148.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 434,563 shares of the real estate investment trust’s stock worth $58,058,000 after buying an additional 259,979 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. lifted its stake in shares of Lamar Advertising by 631.7% during the third quarter. Duff & Phelps Investment Management Co. now owns 180,296 shares of the real estate investment trust’s stock valued at $24,088,000 after buying an additional 155,656 shares during the period. 93.78% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on LAMR shares. Wells Fargo & Company dropped their target price on Lamar Advertising from $132.00 to $124.00 and set an “equal weight” rating for the company in a research note on Monday, November 11th. 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 report on Monday, November 11th. StockNews.com downgraded shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Finally, TD Cowen boosted 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. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $132.40.

Lamar Advertising Price Performance

Shares of NASDAQ LAMR opened at $125.25 on Friday. Lamar Advertising has a fifty-two week low of $102.10 and a fifty-two week high of $139.88. The business has a 50 day moving average price of $126.30 and a two-hundred day moving average price of $125.99. 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 has a market cap of $12.82 billion, a PE ratio of 25.05 and a beta of 1.50.

Lamar Advertising (NASDAQ:LAMR) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $568.91 million. During the same quarter last year, the business earned $2.04 EPS. Lamar Advertising’s revenue for the quarter was up 4.0% compared to the same quarter last year. Sell-side analysts expect that Lamar Advertising will post 7.49 earnings per share for the current fiscal year.

Lamar Advertising Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Wednesday, December 18th were given a $1.40 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $5.60 annualized dividend and a dividend yield of 4.47%. Lamar Advertising’s payout ratio is 112.00%.

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.