Lamar Advertising (NASDAQ:LAMR) Shares Sold by First PREMIER Bank

First PREMIER Bank cut its stake in Lamar Advertising (NASDAQ:LAMR) by 4.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,246 shares of the real estate investment trust’s stock after selling 405 shares during the quarter. First PREMIER Bank’s holdings in Lamar Advertising were worth $1,126,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Blue Trust Inc. boosted its holdings in Lamar Advertising by 444.1% during the third quarter. Blue Trust Inc. now owns 185 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 151 shares in the last quarter. Brooklyn Investment Group acquired a new stake in Lamar Advertising in the third quarter valued at approximately $25,000. Concord Wealth Partners purchased a new stake in shares of Lamar Advertising in the third quarter valued at approximately $26,000. Assetmark Inc. lifted its holdings in Lamar Advertising by 109.3% during the third quarter. Assetmark Inc. now owns 224 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 117 shares in the last quarter. Finally, Versant Capital Management Inc increased its position in shares of Lamar Advertising by 46.6% during the fourth quarter. Versant Capital Management Inc now owns 450 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 143 shares in the last quarter. Hedge funds and other institutional investors own 93.78% of the company’s stock.

Analysts Set New Price Targets

LAMR has been the topic of several research reports. Morgan Stanley raised their price target on shares of Lamar Advertising from $125.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. TD Cowen increased their price target on Lamar Advertising from $142.00 to $160.00 and gave the company a “buy” rating in a report on Monday, November 11th. Wells Fargo & Company dropped their target price on Lamar Advertising from $132.00 to $124.00 and set an “equal weight” rating for the company in a report on Monday, November 11th. Finally, StockNews.com lowered Lamar Advertising from a “buy” rating to a “hold” rating in a 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, the company has a consensus rating of “Hold” and a consensus price target of $132.40.

Lamar Advertising Stock Down 1.3 %

Shares of NASDAQ LAMR opened at $126.10 on Thursday. Lamar Advertising has a 52-week low of $102.10 and a 52-week high of $139.88. The business’s 50 day moving average is $126.19 and its two-hundred day moving average is $126.15. The firm has a market cap of $12.91 billion, a price-to-earnings ratio of 25.22 and a beta of 1.50. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 2.48.

Lamar Advertising (NASDAQ:LAMR) last posted its earnings results on Friday, November 8th. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.73). The firm had revenue of $564.10 million for the quarter, compared to analyst estimates 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 was up 4.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.04 EPS. Research analysts predict that Lamar Advertising will post 7.49 EPS for the current year.

Lamar Advertising Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Wednesday, December 18th were given a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date was Wednesday, December 18th. Lamar Advertising’s dividend payout ratio is presently 112.00%.

About Lamar Advertising

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.