Global Retirement Partners LLC Increases Stock Holdings in Lamar Advertising (NASDAQ:LAMR)

Global Retirement Partners LLC lifted its stake in Lamar Advertising (NASDAQ:LAMR) by 6.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,567 shares of the real estate investment trust’s stock after purchasing an additional 622 shares during the quarter. Global Retirement Partners LLC’s holdings in Lamar Advertising were worth $1,286,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of LAMR. Blue Trust Inc. lifted its stake in shares of Lamar Advertising by 444.1% during the 3rd quarter. Blue Trust Inc. now owns 185 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 151 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of Lamar Advertising during the 3rd quarter worth approximately $25,000. Concord Wealth Partners bought a new stake in shares of Lamar Advertising during the 3rd quarter worth approximately $26,000. Assetmark Inc. lifted its stake in shares of Lamar Advertising by 109.3% during the 3rd quarter. Assetmark Inc. now owns 224 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 117 shares during the last quarter. Finally, Versant Capital Management Inc lifted its stake in shares of Lamar Advertising by 46.6% during the 4th quarter. Versant Capital Management Inc now owns 450 shares of the real estate investment trust’s stock worth $55,000 after acquiring an additional 143 shares during the last quarter. Hedge funds and other institutional investors own 93.78% of the company’s stock.

Analysts Set New Price Targets

LAMR has been the subject of a number of research analyst reports. StockNews.com lowered Lamar Advertising from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. TD Cowen raised their price target on Lamar Advertising from $142.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Wells Fargo & Company decreased their price target on Lamar Advertising from $132.00 to $124.00 and set an “equal weight” rating for the company in a research note on Monday, November 11th. Morgan Stanley lifted their target price on Lamar Advertising from $125.00 to $135.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Finally, JPMorgan Chase & Co. decreased their target price on Lamar Advertising from $129.00 to $126.00 and set a “neutral” rating for the company in a research report on Friday. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $133.40.

Lamar Advertising Trading Down 0.3 %

Shares of NASDAQ LAMR opened at $121.91 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 2.48. The business has a fifty day simple moving average of $124.74 and a two-hundred day simple moving average of $127.31. The firm has a market cap of $12.48 billion, a PE ratio of 24.38 and a beta of 1.51. Lamar Advertising has a twelve month low of $107.22 and a twelve month high of $139.88.

Lamar Advertising (NASDAQ:LAMR) last released its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.21 EPS for the quarter, topping the consensus estimate of $1.47 by $0.74. The firm had revenue of $579.57 million during the quarter, compared to analyst estimates of $583.19 million. Lamar Advertising had a return on equity of 42.58% and a net margin of 23.46%. Analysts expect that Lamar Advertising will post 7.49 earnings per share for the current fiscal year.

Lamar Advertising Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a $1.55 dividend. This represents a $6.20 annualized dividend and a dividend yield of 5.09%. This is a positive change from Lamar Advertising’s previous quarterly dividend of $1.40. The ex-dividend date of this dividend is Friday, March 14th. Lamar Advertising’s payout ratio is presently 112.00%.

About Lamar Advertising

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.