Tocqueville Asset Management L.P. lessened its position in Lamar Advertising Co (NASDAQ:LAMR) by 29.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,365 shares of the real estate investment trust’s stock after selling 2,705 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in Lamar Advertising were worth $568,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of LAMR. CENTRAL TRUST Co acquired a new position in Lamar Advertising in the 3rd quarter valued at approximately $28,000. Kistler Tiffany Companies LLC increased its stake in shares of Lamar Advertising by 55.6% during the 3rd quarter. Kistler Tiffany Companies LLC now owns 400 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 143 shares during the last quarter. Usca Ria LLC acquired a new position in shares of Lamar Advertising during the 3rd quarter worth $36,000. Penserra Capital Management LLC increased its stake in shares of Lamar Advertising by 64.6% during the 3rd quarter. Penserra Capital Management LLC now owns 968 shares of the real estate investment trust’s stock worth $79,000 after purchasing an additional 380 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in shares of Lamar Advertising during the 2nd quarter worth $81,000. Institutional investors and hedge funds own 79.28% of the company’s stock.
LAMR has been the topic of several analyst reports. ValuEngine lowered shares of Lamar Advertising from a “hold” rating to a “sell” rating in a research note on Friday, January 3rd. BidaskClub lowered shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research note on Saturday, October 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Lamar Advertising has an average rating of “Hold” and a consensus price target of $83.50.
Shares of LAMR stock opened at $92.08 on Friday. Lamar Advertising Co has a 12-month low of $72.32 and a 12-month high of $92.67. The company has a market capitalization of $9.28 billion, a P/E ratio of 25.30 and a beta of 0.96. The firm has a 50-day moving average price of $87.69 and a 200 day moving average price of $82.06. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 3.32.
Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.08). Lamar Advertising had a net margin of 21.23% and a return on equity of 32.10%. The company had revenue of $457.80 million during the quarter, compared to analyst estimates of $452.91 million. During the same quarter in the previous year, the business posted $0.95 EPS. The company’s revenue was up 9.4% compared to the same quarter last year. As a group, research analysts expect that Lamar Advertising Co will post 5.62 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 4.17%. The ex-dividend date was Friday, December 13th. Lamar Advertising’s dividend payout ratio is 69.82%.
Lamar Advertising Profile
Founded in 1902, Lamar Advertising (Nasdaq: LAMR) is one of the largest outdoor advertising companies in North America, with approximately 360,000 displays across the United States and Canada. Lamar offers advertisers a variety of billboard, interstate logo, transit and airport advertising formats, helping both local businesses and national brands reach broad audiences every day.
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