Lamar Advertising (NASDAQ:LAMR) Shares Bought by Signature Wealth Management Group

Signature Wealth Management Group grew its position in shares of Lamar Advertising (NASDAQ:LAMR) by 1.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,215 shares of the real estate investment trust’s stock after acquiring an additional 523 shares during the quarter. Lamar Advertising comprises 1.5% of Signature Wealth Management Group’s portfolio, making the stock its 28th biggest position. Signature Wealth Management Group’s holdings in Lamar Advertising were worth $3,800,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new stake in Lamar Advertising during the third quarter worth about $25,000. Rialto Wealth Management LLC acquired a new stake in shares of Lamar Advertising in the fourth quarter valued at about $25,000. Assetmark Inc. grew its stake in shares of Lamar Advertising by 109.3% in the third quarter. Assetmark Inc. now owns 224 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 117 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Lamar Advertising by 58.4% in the fourth quarter. Blue Trust Inc. now owns 293 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 108 shares in the last quarter. Finally, Versant Capital Management Inc grew its stake 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 buying an additional 143 shares in the last quarter. 93.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LAMR has been the subject of a number of recent research reports. JPMorgan Chase & Co. lowered their target price on Lamar Advertising from $129.00 to $126.00 and set a “neutral” rating for the company in a research note on Friday, February 21st. Citigroup raised their price objective on Lamar Advertising from $121.76 to $128.00 and gave the company a “neutral” rating in a research note on Tuesday, February 25th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $134.60.

Lamar Advertising Trading Up 0.8 %

NASDAQ:LAMR opened at $111.54 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’s 50 day moving average is $123.89 and its two-hundred day moving average is $127.72. Lamar Advertising has a 52 week low of $108.80 and a 52 week high of $139.88. The company has a market cap of $11.42 billion, a PE ratio of 31.60 and a beta of 1.53.

Lamar Advertising (NASDAQ:LAMR) last released its earnings results on Thursday, February 20th. The real estate investment trust reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.74. Lamar Advertising had a return on equity of 30.20% and a net margin of 16.40%. The company had revenue of $579.57 million for the quarter, compared to the consensus estimate of $583.19 million. On average, analysts predict that Lamar Advertising will post 7.92 EPS for the current year.

Lamar Advertising Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $1.55 dividend. This is an increase from Lamar Advertising’s previous quarterly dividend of $1.40. The ex-dividend date of this dividend is Friday, March 14th. This represents a $6.20 annualized dividend and a dividend yield of 5.56%. Lamar Advertising’s dividend payout ratio (DPR) is 175.64%.

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.