Hennion & Walsh Asset Management Inc. Acquires 4,545 Shares of Lamar Advertising (NASDAQ:LAMR)

Hennion & Walsh Asset Management Inc. raised its stake in shares of Lamar Advertising (NASDAQ:LAMR) by 28.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,611 shares of the real estate investment trust’s stock after buying an additional 4,545 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Lamar Advertising were worth $2,509,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. lifted its stake in shares of Lamar Advertising by 444.1% in the third quarter. Blue Trust Inc. now owns 185 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 151 shares during the last quarter. Brooklyn Investment Group bought a new position in Lamar Advertising in the 3rd quarter worth $25,000. Concord Wealth Partners acquired a new position in Lamar Advertising during the 3rd quarter worth $26,000. Assetmark Inc. boosted its holdings in Lamar Advertising by 109.3% during the third quarter. Assetmark Inc. now owns 224 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 117 shares during the period. Finally, Versant Capital Management Inc grew its position in shares of Lamar Advertising by 46.6% in the fourth quarter. Versant Capital Management Inc now owns 450 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 143 shares during the last quarter. Institutional investors and hedge funds own 93.78% of the company’s stock.

Lamar Advertising Stock Performance

Shares of NASDAQ LAMR opened at $125.25 on Friday. Lamar Advertising has a one year low of $102.10 and a one year 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 has a fifty day simple moving average of $126.30 and a 200 day simple moving average of $125.93. The firm has a market capitalization of $12.82 billion, a price-to-earnings ratio of 25.05 and a beta of 1.50.

Lamar Advertising (NASDAQ:LAMR) last released its quarterly earnings data 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). The business had revenue of $564.10 million for the quarter, compared to the consensus estimate of $568.91 million. Lamar Advertising had a return on equity of 42.58% and a net margin of 23.46%. Lamar Advertising’s revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.04 earnings per share. Sell-side analysts expect that Lamar Advertising will post 7.49 EPS for the current year.

Lamar Advertising Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Wednesday, December 18th were issued a $1.40 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 4.47%. Lamar Advertising’s payout ratio is presently 112.00%.

Wall Street Analyst Weigh In

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