Choreo LLC Sells 466 Shares of Lamar Advertising (NASDAQ:LAMR)

Choreo LLC lessened its position in shares of Lamar Advertising (NASDAQ:LAMR) by 12.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,243 shares of the real estate investment trust’s stock after selling 466 shares during the quarter. Choreo LLC’s holdings in Lamar Advertising were worth $394,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Trust Point Inc. acquired a new stake in shares of Lamar Advertising during the fourth quarter worth about $462,000. Boston Trust Walden Corp raised its position in Lamar Advertising by 3.1% during the 4th quarter. Boston Trust Walden Corp now owns 420,640 shares of the real estate investment trust’s stock worth $51,209,000 after buying an additional 12,827 shares during the last quarter. JB Capital LLC lifted its stake in Lamar Advertising by 3.5% during the 4th quarter. JB Capital LLC now owns 29,016 shares of the real estate investment trust’s stock valued at $3,532,000 after acquiring an additional 977 shares during the period. Willis Investment Counsel purchased a new stake in shares of Lamar Advertising in the 4th quarter valued at $369,000. Finally, Golden State Equity Partners raised its holdings in shares of Lamar Advertising by 17.4% during the fourth quarter. Golden State Equity Partners now owns 4,483 shares of the real estate investment trust’s stock worth $546,000 after purchasing an additional 664 shares during the last quarter. Hedge funds and other institutional investors own 93.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. StockNews.com lowered shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. TD Cowen raised their target price on Lamar Advertising from $142.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Morgan Stanley upped their price target on Lamar Advertising from $125.00 to $135.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Finally, Wells Fargo & Company dropped their price objective on Lamar Advertising from $132.00 to $124.00 and set an “equal weight” rating on the stock in a report on Monday, November 11th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $132.40.

Lamar Advertising Stock Performance

Shares of LAMR stock opened at $124.92 on Thursday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.48. The stock has a 50 day simple moving average of $125.02 and a 200-day simple moving average of $126.95. The company has a market cap of $12.79 billion, a price-to-earnings ratio of 24.98 and a beta of 1.51. Lamar Advertising has a 12-month low of $102.10 and a 12-month high of $139.88.

Lamar Advertising Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Wednesday, December 18th were paid 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 4.48%. Lamar Advertising’s dividend payout ratio (DPR) is 112.00%.

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.