Endeavor Private Wealth Inc. Makes New $127,000 Investment in Lamar Advertising (NASDAQ:LAMR)

Endeavor Private Wealth Inc. acquired a new stake in shares of Lamar Advertising (NASDAQ:LAMR) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,047 shares of the real estate investment trust’s stock, valued at approximately $127,000.

Several other institutional investors have also recently modified their holdings of the company. Wellington Management Group LLP lifted its position in Lamar Advertising by 45.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,974,848 shares of the real estate investment trust’s stock worth $263,840,000 after buying an additional 617,356 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Lamar Advertising during the third quarter worth approximately $43,665,000. International Assets Investment Management LLC lifted its holdings in shares of Lamar Advertising by 49,140.4% in the 3rd quarter. International Assets Investment Management LLC now owns 285,102 shares of the real estate investment trust’s stock worth $38,090,000 after acquiring an additional 284,523 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Lamar Advertising by 148.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 434,563 shares of the real estate investment trust’s stock valued at $58,058,000 after purchasing an additional 259,979 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. boosted its stake in shares of Lamar Advertising by 631.7% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 180,296 shares of the real estate investment trust’s stock valued at $24,088,000 after purchasing an additional 155,656 shares in the last quarter. 93.78% of the stock is currently owned by institutional investors.

Lamar Advertising Price Performance

LAMR opened at $126.10 on Thursday. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.56 and a current ratio of 0.56. The stock has a market capitalization of $12.91 billion, a PE ratio of 25.22 and a beta of 1.50. The stock’s 50 day moving average price is $126.19 and its 200-day moving average price is $126.15. Lamar Advertising has a 52-week low of $102.10 and a 52-week high of $139.88.

Lamar Advertising (NASDAQ:LAMR) last issued its quarterly earnings data on Friday, November 8th. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $568.91 million. During the same period in the previous year, the firm posted $2.04 earnings per share. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, equities research analysts predict that Lamar Advertising will post 7.49 EPS for the current year.

Lamar Advertising Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Wednesday, December 18th were paid a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date of this dividend was Wednesday, December 18th. Lamar Advertising’s payout ratio is currently 112.00%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Wells Fargo & Company lowered their price target on shares of Lamar Advertising from $132.00 to $124.00 and set an “equal weight” rating for the company in a research note on Monday, November 11th. StockNews.com downgraded Lamar Advertising from a “buy” rating to a “hold” rating in a report on Monday, November 11th. TD Cowen increased their target price on Lamar Advertising from $142.00 to $160.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, Morgan Stanley raised their price target on Lamar Advertising from $125.00 to $135.00 and gave the stock an “equal weight” rating in a research report 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’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average 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.