Miller Howard Investments Inc. NY Has $39.25 Million Position in Lamar Advertising (NASDAQ:LAMR)

Miller Howard Investments Inc. NY cut its holdings in shares of Lamar Advertising (NASDAQ:LAMR) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 322,424 shares of the real estate investment trust’s stock after selling 4,434 shares during the quarter. Miller Howard Investments Inc. NY owned about 0.31% of Lamar Advertising worth $39,252,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Los Angeles Capital Management LLC bought a new stake in shares of Lamar Advertising during the third quarter valued at approximately $43,665,000. JPMorgan Chase & Co. increased its holdings in Lamar Advertising by 6.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,497,702 shares of the real estate investment trust’s stock valued at $200,093,000 after buying an additional 90,933 shares during the period. Nomura Asset Management Co. Ltd. raised its stake in shares of Lamar Advertising by 19,961.8% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 110,340 shares of the real estate investment trust’s stock valued at $14,741,000 after buying an additional 109,790 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Lamar Advertising by 39.8% during the 3rd quarter. Franklin Resources Inc. now owns 51,503 shares of the real estate investment trust’s stock valued at $7,017,000 after acquiring an additional 14,672 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in Lamar Advertising by 96.0% in the third quarter. BNP Paribas Financial Markets now owns 97,498 shares of the real estate investment trust’s stock valued at $13,026,000 after acquiring an additional 47,746 shares during the period. 93.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on LAMR. StockNews.com lowered Lamar Advertising from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Wells Fargo & Company decreased their price objective on shares of Lamar Advertising from $132.00 to $124.00 and set an “equal weight” rating on the stock in a report on Monday, November 11th. Morgan Stanley increased their price target 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, TD Cowen boosted their price objective on shares of Lamar Advertising from $142.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $132.40.

Lamar Advertising Trading Up 0.9 %

LAMR opened at $127.73 on Friday. The firm’s fifty day moving average is $125.24 and its two-hundred day moving average is $126.73. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.56 and a current ratio of 0.56. The firm has a market cap of $13.07 billion, a PE ratio of 25.55 and a beta of 1.51. Lamar Advertising has a twelve month low of $102.10 and a twelve month high of $139.88.

Lamar Advertising (NASDAQ:LAMR) last released its earnings results on Friday, November 8th. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.73). The firm 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 for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the company posted $2.04 EPS. Equities research analysts anticipate that Lamar Advertising will post 7.49 EPS for the current year.

Lamar Advertising Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Wednesday, December 18th were given a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a yield of 4.38%. The ex-dividend date of this dividend was Wednesday, December 18th. Lamar Advertising’s dividend payout ratio (DPR) is currently 112.00%.

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.