Boston Financial Mangement LLC Acquires 393 Shares of Lamar Advertising (NASDAQ:LAMR)

Boston Financial Mangement LLC grew its holdings in shares of Lamar Advertising (NASDAQ:LAMR) by 1.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 20,947 shares of the real estate investment trust’s stock after acquiring an additional 393 shares during the period. Boston Financial Mangement LLC’s holdings in Lamar Advertising were worth $2,550,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Janus Henderson Group PLC raised its stake in shares of Lamar Advertising by 2.9% during the third quarter. Janus Henderson Group PLC now owns 4,248,660 shares of the real estate investment trust’s stock valued at $567,632,000 after acquiring an additional 119,068 shares during the last quarter. State Street Corp increased its position in shares of Lamar Advertising by 0.8% during the third quarter. State Street Corp now owns 2,640,356 shares of the real estate investment trust’s stock worth $352,752,000 after buying an additional 21,852 shares during the period. Geode Capital Management LLC increased its position in shares of Lamar Advertising by 4.6% during the third quarter. Geode Capital Management LLC now owns 2,054,962 shares of the real estate investment trust’s stock worth $274,595,000 after buying an additional 90,775 shares during the period. Wellington Management Group LLP increased its position in shares of Lamar Advertising by 45.5% during the third quarter. Wellington Management Group LLP now owns 1,974,848 shares of the real estate investment trust’s stock worth $263,840,000 after buying an additional 617,356 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of Lamar Advertising by 6.5% during the third quarter. JPMorgan Chase & Co. now owns 1,497,702 shares of the real estate investment trust’s stock worth $200,093,000 after buying an additional 90,933 shares during the period. Institutional investors own 93.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company decreased their price objective on shares of Lamar Advertising from $132.00 to $124.00 and set an “equal weight” rating for the company in a research report on Monday, November 11th. TD Cowen increased 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. StockNews.com cut shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Finally, Morgan Stanley increased their price objective on shares of Lamar Advertising from $125.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Lamar Advertising has an average rating of “Hold” and an average price target of $132.40.

Lamar Advertising Trading Down 7.3 %

NASDAQ:LAMR opened at $122.31 on Friday. 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 stock has a market capitalization of $12.52 billion, a price-to-earnings ratio of 24.46 and a beta of 1.51. The firm has a fifty day simple moving average of $124.74 and a two-hundred day simple moving average of $127.31. Lamar Advertising has a 12 month low of $106.61 and a 12 month high of $139.88.

Lamar Advertising (NASDAQ:LAMR) last posted its quarterly 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 net margin of 23.46% and a return on equity of 42.58%. Analysts expect that Lamar Advertising will post 7.49 EPS 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. Shareholders of record on Friday, March 14th will be issued a $1.55 dividend. This represents a $6.20 dividend on an annualized basis and a yield of 5.07%. This is a boost from Lamar Advertising’s previous quarterly dividend of $1.40. The ex-dividend date is Friday, March 14th. Lamar Advertising’s dividend payout ratio (DPR) is presently 112.00%.

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.