Dynamic Advisor Solutions LLC Acquires 224 Shares of Lamar Advertising (NASDAQ:LAMR)

Dynamic Advisor Solutions LLC raised its stake in shares of Lamar Advertising (NASDAQ:LAMR) by 0.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,424 shares of the real estate investment trust’s stock after buying an additional 224 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Lamar Advertising were worth $5,408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Los Angeles Capital Management LLC bought a new position in Lamar Advertising during the third quarter valued at $43,665,000. JPMorgan Chase & Co. raised its stake 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 valued at $200,093,000 after acquiring an additional 90,933 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Lamar Advertising by 19,961.8% in the third 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 purchasing an additional 109,790 shares during the period. Franklin Resources Inc. raised its holdings in shares of Lamar Advertising by 39.8% in the third 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 lifted its holdings in Lamar Advertising by 96.0% during the third quarter. BNP Paribas Financial Markets now owns 97,498 shares of the real estate investment trust’s stock worth $13,026,000 after buying an additional 47,746 shares during the period. Hedge funds and other institutional investors own 93.78% of the company’s stock.

Lamar Advertising Price Performance

Lamar Advertising stock opened at $128.10 on Friday. The company has a debt-to-equity ratio of 2.48, a current ratio of 0.56 and a quick ratio of 0.56. The stock has a market capitalization of $13.11 billion, a PE ratio of 25.62 and a beta of 1.50. The business has a 50 day simple moving average of $126.16 and a 200-day simple moving average of $126.21. Lamar Advertising has a 12 month low of $102.10 and a 12 month high of $139.88.

Lamar Advertising (NASDAQ:LAMR) last announced its quarterly earnings data on Friday, November 8th. The real estate investment trust reported $1.44 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.73). The company had revenue of $564.10 million during the quarter, compared to analyst estimates of $568.91 million. Lamar Advertising had a net margin of 23.46% and a return on equity of 42.58%. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the business earned $2.04 EPS. Equities analysts predict that Lamar Advertising will post 7.49 earnings per share for the current year.

Lamar Advertising Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Wednesday, December 18th were issued a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date of this dividend was Wednesday, December 18th. Lamar Advertising’s dividend payout ratio (DPR) is presently 112.00%.

Wall Street Analysts Forecast Growth

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

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.