GAMMA Investing LLC Grows Holdings in Lamar Advertising (NASDAQ:LAMR)

GAMMA Investing LLC grew its stake in Lamar Advertising (NASDAQ:LAMR) by 31.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 761 shares of the real estate investment trust’s stock after acquiring an additional 181 shares during the period. GAMMA Investing LLC’s holdings in Lamar Advertising were worth $93,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in LAMR. Commonwealth Equity Services LLC raised its stake in shares of Lamar Advertising by 3.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 15,173 shares of the real estate investment trust’s stock valued at $1,814,000 after acquiring an additional 504 shares during the period. Acadian Asset Management LLC increased its stake in Lamar Advertising by 179.4% during the 2nd quarter. Acadian Asset Management LLC now owns 18,639 shares of the real estate investment trust’s stock worth $2,226,000 after buying an additional 11,967 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in Lamar Advertising during the 2nd quarter worth approximately $45,000. Choreo LLC purchased a new stake in Lamar Advertising during the 2nd quarter worth approximately $314,000. Finally, American Century Companies Inc. increased its stake in Lamar Advertising by 22.5% during the 2nd quarter. American Century Companies Inc. now owns 166,827 shares of the real estate investment trust’s stock worth $19,941,000 after buying an additional 30,688 shares during the period. 93.78% of the stock is owned by hedge funds and other institutional investors.

Lamar Advertising Trading Down 1.3 %

Shares of Lamar Advertising stock opened at $118.64 on Friday. The company has a fifty day simple moving average of $127.39 and a 200-day simple moving average of $125.83. Lamar Advertising has a 12-month low of $102.10 and a 12-month high of $139.88. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.48. The stock has a market cap of $12.14 billion, a price-to-earnings ratio of 23.73 and a beta of 1.50.

Lamar Advertising (NASDAQ:LAMR) last issued 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). 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 analyst estimates of $568.91 million. During the same quarter in the previous year, the company posted $2.04 EPS. The company’s quarterly revenue was up 4.0% on a year-over-year basis. On average, equities analysts forecast that Lamar Advertising will post 7.52 EPS for the current fiscal year.

Lamar Advertising Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Wednesday, December 18th were issued a $1.40 dividend. This represents a $5.60 annualized dividend and a dividend yield of 4.72%. The ex-dividend date of this dividend was Wednesday, December 18th. Lamar Advertising’s payout ratio is 112.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Morgan Stanley upped their target price 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 upped their target price on shares of Lamar Advertising from $142.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. StockNews.com downgraded 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 price objective on shares of Lamar Advertising from $132.00 to $124.00 and set an “equal weight” rating on the stock in a research report on Monday, November 11th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Lamar Advertising has an average rating of “Hold” and a consensus target price of $132.40.

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.