Natixis Advisors LLC Has $8.13 Million Stake in Lamar Advertising (NASDAQ:LAMR)

Natixis Advisors LLC boosted its holdings in Lamar Advertising (NASDAQ:LAMR) by 3.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 66,802 shares of the real estate investment trust’s stock after purchasing an additional 2,514 shares during the quarter. Natixis Advisors LLC owned 0.07% of Lamar Advertising worth $8,132,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brooklyn Investment Group acquired a new stake in Lamar Advertising in the 3rd quarter worth about $25,000. Rialto Wealth Management LLC bought a new position in Lamar Advertising in the 4th quarter valued at about $25,000. 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 buying an additional 108 shares during the period. Versant Capital Management Inc increased its holdings in Lamar Advertising by 46.6% in the 4th 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 during the period. Finally, Avior Wealth Management LLC increased its holdings in Lamar Advertising by 16.8% in the 4th 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 period. Institutional investors and hedge funds own 93.78% of the company’s stock.

Lamar Advertising Trading Down 2.3 %

Shares of Lamar Advertising stock opened at $112.15 on Friday. The firm has a market capitalization of $11.48 billion, a PE ratio of 31.77 and a beta of 1.53. 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 firm’s 50 day moving average is $123.35 and its 200 day moving average is $127.40. Lamar Advertising has a 1 year low of $108.80 and a 1 year high of $139.88.

Lamar Advertising (NASDAQ:LAMR) last announced its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.74. The company had revenue of $579.57 million for the quarter, compared to analyst estimates of $583.19 million. Lamar Advertising had a net margin of 16.40% and a return on equity of 30.20%. Equities research analysts forecast that Lamar Advertising will post 7.92 earnings per share for the current fiscal year.

Lamar Advertising Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $1.55 per share. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Lamar Advertising’s previous quarterly dividend of $1.40. This represents a $6.20 annualized dividend and a yield of 5.53%. Lamar Advertising’s dividend payout ratio (DPR) is currently 175.64%.

Analyst Ratings Changes

LAMR has been the topic of several recent analyst reports. Citigroup raised their target price on shares of Lamar Advertising from $121.76 to $128.00 and gave the company a “neutral” rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. decreased their target price on shares of Lamar Advertising from $129.00 to $126.00 and set a “neutral” rating on the stock in a report on Friday, February 21st. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $134.60.

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.