Steward Partners Investment Advisory LLC Increases Position in Lamar Advertising (NASDAQ:LAMR)

Steward Partners Investment Advisory LLC increased its position in shares of Lamar Advertising (NASDAQ:LAMR) by 2.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,101 shares of the real estate investment trust’s stock after purchasing an additional 215 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Lamar Advertising were worth $1,108,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Sanctuary Advisors LLC raised its stake in Lamar Advertising by 0.4% during the 4th quarter. Sanctuary Advisors LLC now owns 19,259 shares of the real estate investment trust’s stock valued at $2,442,000 after purchasing an additional 82 shares during the period. Avior Wealth Management LLC raised its position in shares of Lamar Advertising by 16.8% during the fourth quarter. Avior Wealth Management LLC now owns 584 shares of the real estate investment trust’s stock valued at $71,000 after buying an additional 84 shares during the last quarter. CIBC Asset Management Inc raised its position in shares of Lamar Advertising by 3.4% during the third quarter. CIBC Asset Management Inc now owns 2,552 shares of the real estate investment trust’s stock valued at $341,000 after buying an additional 85 shares during the last quarter. UMB Bank n.a. increased its holdings in Lamar Advertising by 14.7% in the 4th quarter. UMB Bank n.a. now owns 701 shares of the real estate investment trust’s stock valued at $85,000 after acquiring an additional 90 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in Lamar Advertising by 58.4% in the 4th quarter. Blue Trust Inc. now owns 293 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 108 shares during the last quarter. 93.78% of the stock is currently owned by institutional investors.

Lamar Advertising Price Performance

LAMR opened at $122.40 on Tuesday. Lamar Advertising has a 12-month low of $108.80 and a 12-month high of $139.88. 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 business’s fifty day simple moving average is $124.55 and its 200-day simple moving average is $128.01. The company has a market capitalization of $12.53 billion, a price-to-earnings ratio of 34.67 and a beta of 1.53.

Lamar Advertising (NASDAQ:LAMR) last released its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $2.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.74. Lamar Advertising had a net margin of 16.40% and a return on equity of 30.20%. The firm had revenue of $579.57 million for the quarter, compared to the consensus estimate of $583.19 million. On average, equities research analysts anticipate that Lamar Advertising will post 7.92 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 Friday, March 28th. Investors of record on Friday, March 14th will be paid a dividend of $1.55 per share. This represents a $6.20 annualized dividend and a dividend yield of 5.07%. The ex-dividend date is Friday, March 14th. This is a positive change from Lamar Advertising’s previous quarterly dividend of $1.40. Lamar Advertising’s payout ratio is 175.64%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on LAMR shares. Morgan Stanley lifted their price objective on Lamar Advertising from $125.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. reduced their price target on shares of Lamar Advertising from $129.00 to $126.00 and set a “neutral” rating on the stock in a research report on Friday, February 21st. Citigroup boosted their price target on shares of Lamar Advertising from $121.76 to $128.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 25th. Wells Fargo & Company reduced their target price on shares of Lamar Advertising from $132.00 to $124.00 and set an “equal weight” rating on the stock in a report on Monday, November 11th. Finally, TD Cowen boosted their target price on shares of Lamar Advertising from $142.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $134.60.

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.