OneDigital Investment Advisors LLC Acquires Shares of 1,532 Lamar Advertising (NASDAQ:LAMR)

OneDigital Investment Advisors LLC acquired a new stake in shares of Lamar Advertising (NASDAQ:LAMR) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,532 shares of the real estate investment trust’s stock, valued at approximately $205,000.

Several other large investors have also recently made changes to their positions in LAMR. Massachusetts Financial Services Co. MA grew its stake in shares of Lamar Advertising by 81.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 937,440 shares of the real estate investment trust’s stock worth $112,052,000 after buying an additional 420,311 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in Lamar Advertising in the third quarter worth about $43,665,000. International Assets Investment Management LLC grew its position in Lamar Advertising by 49,140.4% in the third quarter. International Assets Investment Management LLC now owns 285,102 shares of the real estate investment trust’s stock worth $38,090,000 after acquiring an additional 284,523 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings in shares of Lamar Advertising by 42,096.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 126,167 shares of the real estate investment trust’s stock worth $16,856,000 after purchasing an additional 125,868 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. bought a new position in Lamar Advertising during the third quarter valued at $12,838,000. 93.78% of the stock is owned by institutional investors.

Lamar Advertising Stock Up 0.8 %

Shares of NASDAQ LAMR opened at $130.35 on Friday. 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 market capitalization of $13.34 billion, a PE ratio of 26.07 and a beta of 1.52. Lamar Advertising has a 12-month low of $97.54 and a 12-month high of $139.88. The stock’s fifty day simple moving average is $132.41 and its two-hundred day simple moving average is $123.73.

Lamar Advertising (NASDAQ:LAMR) last announced its earnings results on Friday, November 8th. The real estate investment trust reported $1.44 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.73). Lamar Advertising had a return on equity of 42.58% and a net margin of 23.46%. The firm had revenue of $564.10 million during the quarter, compared to the consensus estimate of $568.91 million. During the same quarter in the prior year, the firm posted $2.04 earnings per share. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. As a group, analysts expect that Lamar Advertising will post 7.52 EPS for the current fiscal year.

Lamar Advertising Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Wednesday, September 18th were issued a $1.40 dividend. This is a positive change from Lamar Advertising’s previous quarterly dividend of $1.30. This represents a $5.60 annualized dividend and a yield of 4.30%. The ex-dividend date was Wednesday, September 18th. Lamar Advertising’s payout ratio is currently 112.00%.

Analysts Set New Price Targets

A number of research analysts have recently commented on LAMR shares. Wells Fargo & Company cut their target price on Lamar Advertising from $132.00 to $124.00 and set an “equal weight” rating on the stock in a research note on Monday, November 11th. StockNews.com cut Lamar Advertising from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Morgan Stanley increased their price target on Lamar Advertising from $125.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. TD Cowen lifted their price objective on Lamar Advertising from $142.00 to $160.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, JPMorgan Chase & Co. increased their target price on shares of Lamar Advertising from $117.00 to $121.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Lamar Advertising currently has an average rating of “Hold” and an average target price of $132.40.

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.