Braun Stacey Associates Inc. Has $284,000 Stock Position in Lamar Advertising (NASDAQ:LAMR)

Braun Stacey Associates Inc. trimmed its holdings in Lamar Advertising (NASDAQ:LAMR) by 10.0% in the 3rd quarter, Holdings Channel reports. The fund owned 2,125 shares of the real estate investment trust’s stock after selling 235 shares during the quarter. Braun Stacey Associates Inc.’s holdings in Lamar Advertising were worth $284,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Blue Trust Inc. increased its holdings in shares of Lamar Advertising by 444.1% during the 3rd quarter. Blue Trust Inc. now owns 185 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 151 shares during the period. Whittier Trust Co. grew its holdings in shares of Lamar Advertising by 144.4% in the 2nd quarter. Whittier Trust Co. now owns 220 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 130 shares during the last quarter. Concord Wealth Partners bought a new stake in Lamar Advertising during the third quarter worth about $26,000. MFA Wealth Advisors LLC bought a new position in shares of Lamar Advertising in the second quarter valued at approximately $30,000. Finally, Assetmark Inc. raised its stake in shares of Lamar Advertising by 109.3% in the third quarter. Assetmark Inc. now owns 224 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 117 shares during the last quarter. 93.78% of the stock is currently owned by institutional investors and hedge funds.

Lamar Advertising Price Performance

Shares of LAMR opened at $126.35 on Monday. The company has a 50 day moving average of $132.11 and a 200-day moving average of $123.38. The company has a quick ratio of 0.41, a current ratio of 0.56 and a debt-to-equity ratio of 2.48. The stock has a market capitalization of $12.93 billion, a P/E ratio of 25.27 and a beta of 1.52. Lamar Advertising has a twelve month low of $95.83 and a twelve 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 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.73). Lamar Advertising had a net margin of 23.46% and a return on equity of 42.58%. The company had revenue of $564.10 million during the quarter, compared to the consensus estimate of $568.91 million. During the same quarter in the previous year, the business earned $2.04 EPS. Lamar Advertising’s revenue was up 4.0% on a year-over-year basis. As a group, equities research analysts forecast that Lamar Advertising will post 7.75 EPS for the current fiscal year.

Lamar Advertising Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Wednesday, September 18th were issued a dividend of $1.40 per share. The ex-dividend date of this dividend was Wednesday, September 18th. This represents a $5.60 dividend on an annualized basis and a yield of 4.43%. This is a boost from Lamar Advertising’s previous quarterly dividend of $1.30. Lamar Advertising’s dividend payout ratio (DPR) is presently 112.00%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LAMR. TD Cowen upped their price target 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. JPMorgan Chase & Co. upped their price target on Lamar Advertising from $117.00 to $121.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Morgan Stanley boosted their price objective on Lamar Advertising from $125.00 to $135.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. StockNews.com cut shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Finally, Wells Fargo & Company dropped 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 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 data from MarketBeat.com, Lamar Advertising currently has a consensus rating of “Hold” and a consensus target price of $132.40.

Lamar Advertising Company 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.