Lamar Advertising (NASDAQ:LAMR) Position Raised by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lifted its position in shares of Lamar Advertising (NASDAQ:LAMR) by 5.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 115,970 shares of the real estate investment trust’s stock after acquiring an additional 5,630 shares during the period. Nomura Asset Management Co. Ltd. owned 0.11% of Lamar Advertising worth $14,118,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Wellington Management Group LLP raised its stake in Lamar Advertising by 45.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,974,848 shares of the real estate investment trust’s stock valued at $263,840,000 after acquiring an additional 617,356 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Lamar Advertising by 108.3% during the fourth quarter. Daiwa Securities Group Inc. now owns 905,368 shares of the real estate investment trust’s stock valued at $110,220,000 after purchasing an additional 470,805 shares in the last quarter. Norges Bank acquired a new stake in Lamar Advertising in the fourth quarter worth about $57,255,000. Raymond James Financial Inc. bought a new position in Lamar Advertising in the 4th quarter valued at about $48,023,000. Finally, Duff & Phelps Investment Management Co. increased its stake in Lamar Advertising by 631.7% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 180,296 shares of the real estate investment trust’s stock valued at $24,088,000 after buying an additional 155,656 shares during the period. Institutional investors and hedge funds own 93.78% of the company’s stock.

Lamar Advertising Stock Down 0.1 %

LAMR stock opened at $112.46 on Monday. The firm has a market cap of $11.52 billion, a PE ratio of 31.86 and a beta of 1.53. Lamar Advertising has a 12 month low of $108.80 and a 12 month high of $139.88. The company has a debt-to-equity ratio of 2.48, a current ratio of 0.56 and a quick ratio of 0.56. The firm has a 50 day simple moving average of $122.38 and a 200 day simple moving average of $126.96.

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

Lamar Advertising Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a $1.55 dividend. This is a positive change from Lamar Advertising’s previous quarterly dividend of $1.40. The ex-dividend date of this dividend was Friday, March 14th. This represents a $6.20 dividend on an annualized basis and a dividend yield of 5.51%. Lamar Advertising’s dividend payout ratio (DPR) is 175.64%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Lamar Advertising from $129.00 to $126.00 and set a “neutral” rating for the company in a report on Friday, February 21st. Citigroup increased their price target 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 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, Lamar Advertising has an average rating of “Hold” and an average target price of $134.60.

Lamar Advertising Company 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.