Pensionfund DSM Netherlands Takes Position in Lamar Advertising (NASDAQ:LAMR)

Pensionfund DSM Netherlands purchased a new stake in Lamar Advertising (NASDAQ:LAMR) during the 4th quarter, Holdings Channel.com reports. The fund purchased 8,200 shares of the real estate investment trust’s stock, valued at approximately $998,000.

Several other large investors have also modified their holdings of the company. Blue Trust Inc. lifted its holdings in shares of Lamar Advertising by 444.1% in the 3rd quarter. Blue Trust Inc. now owns 185 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 151 shares during the period. Brooklyn Investment Group acquired a new stake in Lamar Advertising in the third quarter valued at $25,000. Concord Wealth Partners purchased a new stake in shares of Lamar Advertising during the 3rd quarter worth $26,000. Assetmark Inc. grew its stake in shares of Lamar Advertising by 109.3% during the 3rd quarter. Assetmark Inc. now owns 224 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 117 shares during the period. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of Lamar Advertising in the 2nd quarter valued at about $45,000. 93.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on LAMR. 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 report on Monday, November 11th. Wells Fargo & Company reduced their price objective 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. TD Cowen lifted their price target on Lamar Advertising from $142.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, StockNews.com cut shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $132.40.

Lamar Advertising Trading Down 0.2 %

Shares of LAMR traded down $0.21 during mid-day trading on Monday, hitting $121.45. The company had a trading volume of 33,322 shares, compared to its average volume of 262,782. Lamar Advertising has a 1-year low of $102.10 and a 1-year high of $139.88. The business’s 50-day simple moving average is $128.71 and its 200-day simple moving average is $125.76. The stock has a market cap of $12.43 billion, a PE ratio of 24.29 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 released its quarterly earnings data on Friday, November 8th. The real estate investment trust reported $1.44 EPS for the quarter, missing analysts’ consensus estimates 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%. The company’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.04 earnings per share. Sell-side analysts forecast that Lamar Advertising will post 7.52 earnings per share for the current year.

Lamar Advertising Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Wednesday, December 18th were given a dividend of $1.40 per share. The ex-dividend date was Wednesday, December 18th. This represents a $5.60 dividend on an annualized basis and a yield of 4.61%. Lamar Advertising’s dividend payout ratio (DPR) is 112.00%.

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.