Lamar Advertising (NASDAQ:LAMR) Position Lowered by First PREMIER Bank

First PREMIER Bank lowered its holdings in Lamar Advertising (NASDAQ:LAMR) by 1.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,851 shares of the real estate investment trust’s stock after selling 100 shares during the period. First PREMIER Bank’s holdings in Lamar Advertising were worth $1,178,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of LAMR. Financial Synergies Wealth Advisors Inc. acquired a new position in Lamar Advertising in the first quarter worth approximately $25,000. Fidelis Capital Partners LLC acquired a new stake in shares of Lamar Advertising in the 1st quarter valued at $27,000. Atlantic Edge Private Wealth Management LLC acquired a new stake in shares of Lamar Advertising in the 4th quarter valued at $30,000. Sound Income Strategies LLC lifted its stake in shares of Lamar Advertising by 85.8% in the 1st quarter. Sound Income Strategies LLC now owns 314 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 145 shares during the last quarter. Finally, Quarry LP lifted its stake in shares of Lamar Advertising by 70.4% in the 4th quarter. Quarry LP now owns 322 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 133 shares during the last quarter. Institutional investors own 93.78% of the company’s stock.

Wall Street Analysts Forecast Growth

LAMR has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Lamar Advertising from $117.00 to $121.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. StockNews.com raised shares of Lamar Advertising from a “hold” rating to a “buy” rating in a research note on Friday, May 31st. TD Cowen upped their target price on shares of Lamar Advertising from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Finally, Citigroup lowered shares of Lamar Advertising from a “buy” rating to a “neutral” rating and set a $122.00 price target on the stock. in a research report on Thursday, July 11th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $123.25.

Lamar Advertising Trading Up 0.7 %

NASDAQ LAMR traded up $0.88 during trading hours on Thursday, hitting $119.01. The company’s stock had a trading volume of 404,068 shares, compared to its average volume of 413,634. Lamar Advertising has a twelve month low of $77.21 and a twelve month high of $123.25. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 2.39. The firm has a market capitalization of $12.17 billion, a P/E ratio of 24.44 and a beta of 1.52. The stock has a fifty day moving average of $117.60 and a 200 day moving average of $115.34.

Lamar Advertising (NASDAQ:LAMR) last issued its quarterly earnings data on Thursday, August 8th. The real estate investment trust reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.67). Lamar Advertising had a return on equity of 41.86% and a net margin of 23.29%. The company had revenue of $565.25 million for the quarter, compared to the consensus estimate of $564.96 million. During the same period in the prior year, the company earned $1.90 EPS. The firm’s revenue was up 4.5% on a year-over-year basis. Equities research analysts forecast that Lamar Advertising will post 7.69 earnings per share for the current fiscal year.

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.