Global Retirement Partners LLC Purchases 622 Shares of Lamar Advertising (NASDAQ:LAMR)

Global Retirement Partners LLC raised its position in Lamar Advertising (NASDAQ:LAMR) by 6.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,567 shares of the real estate investment trust’s stock after acquiring an additional 622 shares during the quarter. Global Retirement Partners LLC’s holdings in Lamar Advertising were worth $1,286,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of LAMR. Wellington Management Group LLP raised its stake in shares of Lamar Advertising by 45.5% in the third 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 period. Los Angeles Capital Management LLC bought a new position in shares of Lamar Advertising in the third quarter worth about $43,665,000. International Assets Investment Management LLC raised its stake in shares of Lamar Advertising by 49,140.4% in the third quarter. International Assets Investment Management LLC now owns 285,102 shares of the real estate investment trust’s stock worth $38,090,000 after buying an additional 284,523 shares during the period. Daiwa Securities Group Inc. raised its stake in shares of Lamar Advertising by 148.9% in the third quarter. Daiwa Securities Group Inc. now owns 434,563 shares of the real estate investment trust’s stock worth $58,058,000 after buying an additional 259,979 shares during the period. Finally, Duff & Phelps Investment Management Co. raised its stake in shares of Lamar Advertising by 631.7% in the third quarter. Duff & Phelps Investment Management Co. now owns 180,296 shares of the real estate investment trust’s stock worth $24,088,000 after buying an additional 155,656 shares during the period. Institutional investors own 93.78% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. JPMorgan Chase & Co. decreased their price objective on Lamar Advertising from $129.00 to $126.00 and set a “neutral” rating on the stock in a research note on Friday. Morgan Stanley increased their target price 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. Wells Fargo & Company cut their target price on Lamar Advertising from $132.00 to $124.00 and set an “equal weight” rating for the company in a research report on Monday, November 11th. StockNews.com cut Lamar Advertising from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Finally, TD Cowen increased their target price on Lamar Advertising from $142.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, Lamar Advertising presently has an average rating of “Hold” and a consensus target price of $133.40.

Lamar Advertising Stock Performance

NASDAQ LAMR opened at $121.91 on Friday. The stock has a market capitalization of $12.48 billion, a PE ratio of 24.38 and a beta of 1.51. The business has a 50 day simple moving average of $124.74 and a two-hundred day simple moving average of $127.31. 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 has a 1-year low of $107.22 and a 1-year high of $139.88.

Lamar Advertising (NASDAQ:LAMR) last released its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.21 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.74. The business had revenue of $579.57 million during the quarter, compared to analysts’ expectations of $583.19 million. Lamar Advertising had a return on equity of 42.58% and a net margin of 23.46%. On average, research analysts predict that Lamar Advertising will post 7.49 EPS for the current fiscal year.

Lamar Advertising Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $1.55 per share. This represents a $6.20 annualized dividend and a yield of 5.09%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Lamar Advertising’s previous quarterly dividend of $1.40. Lamar Advertising’s dividend payout ratio (DPR) is currently 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.