Park Avenue Securities LLC Purchases 484 Shares of Lamar Advertising (NASDAQ:LAMR)

Park Avenue Securities LLC raised its position in shares of Lamar Advertising (NASDAQ:LAMR) by 16.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,495 shares of the real estate investment trust’s stock after purchasing an additional 484 shares during the period. Park Avenue Securities LLC’s holdings in Lamar Advertising were worth $425,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its position in Lamar Advertising by 444.1% during the 3rd quarter. Blue Trust Inc. now owns 185 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 151 shares during the last quarter. Brooklyn Investment Group purchased a new stake in shares of Lamar Advertising during the third quarter valued at approximately $25,000. Concord Wealth Partners bought a new position in shares of Lamar Advertising in the third quarter worth approximately $26,000. Assetmark Inc. increased its stake in shares of Lamar Advertising by 109.3% in the third quarter. Assetmark Inc. now owns 224 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 117 shares during the period. Finally, Versant Capital Management Inc raised its holdings in Lamar Advertising by 46.6% during the 4th quarter. Versant Capital Management Inc now owns 450 shares of the real estate investment trust’s stock valued at $55,000 after buying an additional 143 shares during the last quarter. Institutional investors own 93.78% of the company’s stock.

Lamar Advertising Trading Up 1.4 %

Shares of NASDAQ:LAMR opened at $128.10 on Friday. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.56 and a current ratio of 0.56. Lamar Advertising has a 52-week low of $102.10 and a 52-week high of $139.88. The stock has a market capitalization of $13.11 billion, a price-to-earnings ratio of 25.62 and a beta of 1.50. The stock’s 50-day simple moving average is $126.16 and its two-hundred day simple moving average is $126.21.

Lamar Advertising (NASDAQ:LAMR) last announced its quarterly earnings data on Friday, November 8th. The real estate investment trust reported $1.44 earnings per share (EPS) 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 company had revenue of $564.10 million for the quarter, compared to the consensus estimate of $568.91 million. During the same quarter last year, the firm posted $2.04 earnings per share. The company’s revenue was up 4.0% compared to the same quarter last year. Analysts expect that Lamar Advertising will post 7.49 EPS for the current year.

Lamar Advertising Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Wednesday, December 18th were given a dividend of $1.40 per share. The ex-dividend date was Wednesday, December 18th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 4.37%. Lamar Advertising’s dividend payout ratio is 112.00%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on LAMR shares. StockNews.com cut shares of Lamar Advertising from a “buy” rating to a “hold” rating in a report on Monday, November 11th. TD Cowen boosted their price target on shares of Lamar Advertising from $142.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Wells Fargo & Company decreased their price target on shares of 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. Finally, Morgan Stanley lifted their price objective on Lamar Advertising from $125.00 to $135.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Lamar Advertising has a consensus rating of “Hold” and a consensus target price of $132.40.

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.