Dakota Wealth Management Trims Holdings in Lamar Advertising (NASDAQ:LAMR)

Dakota Wealth Management decreased its stake in shares of Lamar Advertising (NASDAQ:LAMR) by 3.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 8,335 shares of the real estate investment trust’s stock after selling 330 shares during the period. Dakota Wealth Management’s holdings in Lamar Advertising were worth $1,015,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Blue Trust Inc. increased its position in shares of Lamar Advertising by 444.1% during the third 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 bought a new stake in Lamar Advertising during the 3rd quarter worth approximately $25,000. Concord Wealth Partners purchased a new stake in Lamar Advertising in the 3rd quarter worth approximately $26,000. Assetmark Inc. boosted its holdings in Lamar Advertising by 109.3% in the 3rd quarter. Assetmark Inc. now owns 224 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 117 shares during the period. Finally, Versant Capital Management Inc grew its position in shares of Lamar Advertising by 46.6% during the 4th quarter. Versant Capital Management Inc now owns 450 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 143 shares in the last quarter. Hedge funds and other institutional investors own 93.78% of the company’s stock.

Lamar Advertising Stock Up 1.4 %

Shares of LAMR opened at $128.10 on Friday. Lamar Advertising has a 1 year low of $102.10 and a 1 year high of $139.88. The company has a debt-to-equity ratio of 2.48, a current ratio of 0.56 and a quick ratio of 0.56. The stock has a 50 day simple moving average of $126.16 and a two-hundred day simple moving average of $126.21. The firm has a market cap of $13.11 billion, a P/E ratio of 25.62 and a beta of 1.50.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.73). The business had revenue of $564.10 million during the quarter, compared to analysts’ expectations of $568.91 million. Lamar Advertising had a net margin of 23.46% and a return on equity of 42.58%. Lamar Advertising’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period last year, the company posted $2.04 EPS. On average, analysts forecast that Lamar Advertising will post 7.49 earnings per share 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 paid a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date of this dividend was Wednesday, December 18th. Lamar Advertising’s dividend payout ratio (DPR) is presently 112.00%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on LAMR. StockNews.com cut Lamar Advertising from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Wells Fargo & Company cut 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 raised their target price 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. Finally, Morgan Stanley boosted their price target 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. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target 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.