DekaBank Deutsche Girozentrale Takes Position in Lamar Advertising (NASDAQ:LAMR)

DekaBank Deutsche Girozentrale purchased a new stake in shares of Lamar Advertising (NASDAQ:LAMR) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 1,495 shares of the real estate investment trust’s stock, valued at approximately $178,000.

Several other institutional investors have also recently made changes to their positions in LAMR. Financial Synergies Wealth Advisors Inc. purchased a new stake in Lamar Advertising in the first quarter valued at $25,000. Whittier Trust Co. raised its holdings in Lamar Advertising by 144.4% in the 2nd quarter. Whittier Trust Co. now owns 220 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 130 shares during the period. Fidelis Capital Partners LLC acquired a new position in Lamar Advertising in the first quarter valued at about $27,000. MFA Wealth Advisors LLC purchased a new position in Lamar Advertising during the second quarter worth about $30,000. Finally, Quarry LP raised its stake in shares of Lamar Advertising by 70.4% in the 4th 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. Hedge funds and other institutional investors own 93.78% of the company’s stock.

Lamar Advertising Trading Up 1.5 %

LAMR opened at $133.54 on Friday. The business has a fifty day moving average price of $121.49 and a 200 day moving average price of $118.44. The company has a debt-to-equity ratio of 2.31, a current ratio of 0.41 and a quick ratio of 0.41. Lamar Advertising has a 12 month low of $77.21 and a 12 month high of $134.09. The stock has a market capitalization of $13.65 billion, a price-to-earnings ratio of 27.42 and a beta of 1.52.

Lamar Advertising (NASDAQ:LAMR) last announced its quarterly earnings data on Thursday, August 8th. The real estate investment trust reported $1.34 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.67). The company had revenue of $565.25 million for the quarter, compared to analyst estimates of $564.96 million. Lamar Advertising had a return on equity of 42.18% and a net margin of 23.34%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.90 earnings per share. Sell-side analysts expect that Lamar Advertising will post 7.75 earnings per share for the current fiscal year.

Lamar Advertising Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Wednesday, September 18th will be issued a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a dividend yield of 4.19%. This is a positive change from Lamar Advertising’s previous quarterly dividend of $1.30. The ex-dividend date is Wednesday, September 18th. Lamar Advertising’s dividend payout ratio (DPR) is presently 114.99%.

Analyst Ratings Changes

Several research firms recently weighed in on LAMR. Wells Fargo & Company began coverage on shares of Lamar Advertising in a report on Thursday. They issued an “equal weight” rating and a $132.00 target price for the company. StockNews.com raised Lamar Advertising from a “hold” rating to a “buy” rating in a research note on Friday, May 31st. JPMorgan Chase & Co. raised their target price on Lamar Advertising from $117.00 to $121.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Citigroup lowered shares of Lamar Advertising from a “buy” rating to a “neutral” rating and set a $122.00 price target on the stock. in a research note on Thursday, July 11th. Finally, TD Cowen raised their price objective on shares of Lamar Advertising from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $125.00.

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.