Entropy Technologies LP Cuts Stock Holdings in Lamar Advertising (NASDAQ:LAMR)

Entropy Technologies LP lessened its stake in Lamar Advertising (NASDAQ:LAMR) by 29.2% during the fourth quarter, Holdings Channel reports. The firm owned 8,712 shares of the real estate investment trust’s stock after selling 3,600 shares during the period. Entropy Technologies LP’s holdings in Lamar Advertising were worth $1,061,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. boosted its holdings in Lamar Advertising by 444.1% in the third quarter. Blue Trust Inc. now owns 185 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 151 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of Lamar Advertising in the 3rd quarter worth about $25,000. Concord Wealth Partners acquired a new position in shares of Lamar Advertising in the 3rd quarter valued at about $26,000. Assetmark Inc. grew its holdings 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, Versant Capital Management Inc grew its holdings 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 worth $55,000 after purchasing an additional 143 shares during the period. 93.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. TD Cowen lifted their price target on shares of Lamar Advertising from $142.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Morgan Stanley lifted their target price on shares of Lamar Advertising from $125.00 to $135.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Wells Fargo & Company lowered their price target 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. Finally, StockNews.com cut Lamar Advertising from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Lamar Advertising has an average rating of “Hold” and a consensus target price of $132.40.

Lamar Advertising Price Performance

Shares of LAMR stock opened at $128.18 on Tuesday. Lamar Advertising has a twelve month low of $102.10 and a twelve month high of $139.88. The company has a market capitalization of $13.12 billion, a PE ratio of 25.64 and a beta of 1.51. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.48. The firm has a fifty day simple moving average of $125.24 and a 200-day simple moving average of $126.83.

Lamar Advertising (NASDAQ:LAMR) last announced its earnings results on Friday, November 8th. The real estate investment trust reported $1.44 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.73). Lamar Advertising had a net margin of 23.46% and a return on equity of 42.58%. The business had revenue of $564.10 million for the quarter, compared to analyst estimates of $568.91 million. During the same quarter in the prior year, the business earned $2.04 earnings per share. The firm’s revenue was up 4.0% on a year-over-year basis. Equities research analysts anticipate that Lamar Advertising will post 7.49 earnings per share for the current fiscal year.

Lamar Advertising Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Wednesday, December 18th were paid a dividend of $1.40 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $5.60 dividend on an annualized basis and a yield of 4.37%. Lamar Advertising’s dividend payout ratio (DPR) is presently 112.00%.

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.