Lamar Advertising (NASDAQ:LAMR) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC reduced its holdings in shares of Lamar Advertising (NASDAQ:LAMR) by 3.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 34,480 shares of the real estate investment trust’s stock after selling 1,410 shares during the quarter. Yousif Capital Management LLC’s holdings in Lamar Advertising were worth $4,198,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LAMR. Wellington Management Group LLP increased its stake in Lamar Advertising by 45.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,974,848 shares of the real estate investment trust’s stock valued at $263,840,000 after purchasing an additional 617,356 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Lamar Advertising in the 3rd quarter valued at $43,665,000. International Assets Investment Management LLC raised its stake in 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. lifted its position in Lamar Advertising by 148.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 434,563 shares of the real estate investment trust’s stock worth $58,058,000 after acquiring an additional 259,979 shares during the period. Finally, Duff & Phelps Investment Management Co. grew its stake in Lamar Advertising by 631.7% during 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 during the last quarter. 93.78% of the stock is currently owned by hedge funds and other institutional investors.

Lamar Advertising Price Performance

NASDAQ:LAMR opened at $127.73 on Friday. The company has a 50 day moving average price of $125.37 and a 200-day moving average price of $126.69. Lamar Advertising has a 1-year low of $102.10 and a 1-year high of $139.88. The firm has a market cap of $13.07 billion, a price-to-earnings ratio of 25.55 and a beta of 1.51. The company has a debt-to-equity ratio of 2.48, a current ratio of 0.56 and a quick ratio of 0.56.

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 for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.73). Lamar Advertising had a return on equity of 42.58% and a net margin of 23.46%. The firm had revenue of $564.10 million during the quarter, compared to analyst estimates of $568.91 million. During the same quarter last year, the company posted $2.04 EPS. The company’s revenue was up 4.0% on a year-over-year basis. Equities research analysts forecast that Lamar Advertising will post 7.49 EPS for the current year.

Lamar Advertising Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Wednesday, December 18th were issued a $1.40 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $5.60 dividend on an annualized basis and a yield of 4.38%. Lamar Advertising’s payout ratio is 112.00%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. TD Cowen raised their price objective on Lamar Advertising from $142.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Wells Fargo & Company decreased their price objective 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 lowered shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Finally, Morgan Stanley boosted their target price on shares of Lamar Advertising from $125.00 to $135.00 and gave the company an “equal weight” rating in a research report 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’s stock. According to MarketBeat, Lamar Advertising presently has a consensus rating of “Hold” and a consensus price target 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.