Lamar Advertising (NASDAQ:LAMR) Shares Acquired by Avior Wealth Management LLC

Avior Wealth Management LLC increased its holdings in Lamar Advertising (NASDAQ:LAMR) by 16.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 584 shares of the real estate investment trust’s stock after acquiring an additional 84 shares during the quarter. Avior Wealth Management LLC’s holdings in Lamar Advertising were worth $71,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Endeavor Private Wealth Inc. acquired a new position in shares of Lamar Advertising in the 4th quarter valued at $127,000. Janney Montgomery Scott LLC acquired a new position in Lamar Advertising in the 4th quarter valued at $5,639,000. Segment Wealth Management LLC increased its stake in Lamar Advertising by 4.8% in the 4th quarter. Segment Wealth Management LLC now owns 3,043 shares of the real estate investment trust’s stock valued at $370,000 after buying an additional 140 shares during the period. UMB Bank n.a. increased its stake in Lamar Advertising by 14.7% in the 4th quarter. UMB Bank n.a. now owns 701 shares of the real estate investment trust’s stock valued at $85,000 after buying an additional 90 shares during the period. Finally, Ellsworth Advisors LLC increased its stake in Lamar Advertising by 10.2% in the 4th quarter. Ellsworth Advisors LLC now owns 13,974 shares of the real estate investment trust’s stock valued at $1,701,000 after buying an additional 1,296 shares during the period. 93.78% of the stock is owned by institutional investors and hedge funds.

Lamar Advertising Price Performance

Shares of NASDAQ LAMR opened at $125.55 on Thursday. The firm has a market capitalization of $12.85 billion, a P/E ratio of 25.11 and a beta of 1.50. Lamar Advertising has a one year low of $102.10 and a one year high of $139.88. The company’s fifty day moving average is $126.15 and its two-hundred day moving average is $126.47. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.56 and a current ratio of 0.56.

Lamar Advertising (NASDAQ:LAMR) last issued its earnings results 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). Lamar Advertising had a return on equity of 42.58% and a net margin of 23.46%. The company had revenue of $564.10 million for the quarter, compared to analysts’ expectations of $568.91 million. During the same quarter in the previous year, the firm posted $2.04 earnings per share. Lamar Advertising’s revenue for the quarter was up 4.0% on a year-over-year basis. Analysts forecast that Lamar Advertising will post 7.49 EPS for the current fiscal year.

Lamar Advertising Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Wednesday, December 18th were given a $1.40 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $5.60 annualized dividend and a dividend yield of 4.46%. Lamar Advertising’s dividend payout ratio is presently 112.00%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. StockNews.com cut shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. TD Cowen boosted their price objective on shares of Lamar Advertising from $142.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 11th. 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 note on Monday, November 11th. Finally, Morgan Stanley boosted their price objective on shares of Lamar Advertising from $125.00 to $135.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company 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.