New Age Alpha Advisors LLC Purchases New Position in Lamar Advertising (NASDAQ:LAMR)

New Age Alpha Advisors LLC acquired a new stake in Lamar Advertising (NASDAQ:LAMR) in the fourth quarter, Holdings Channel.com reports. The firm acquired 20,437 shares of the real estate investment trust’s stock, valued at approximately $2,488,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Brooklyn Investment Group purchased a new position in shares of Lamar Advertising in the third quarter valued at $25,000. Rialto Wealth Management LLC purchased a new stake in Lamar Advertising during the 4th quarter worth about $25,000. Blue Trust Inc. boosted its stake in Lamar Advertising by 58.4% in the 4th quarter. Blue Trust Inc. now owns 293 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 108 shares during the period. Versant Capital Management Inc grew its holdings in 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 buying an additional 143 shares in the last quarter. Finally, Avior Wealth Management LLC increased its position in shares of Lamar Advertising by 16.8% during the fourth quarter. Avior Wealth Management LLC now owns 584 shares of the real estate investment trust’s stock valued at $71,000 after buying an additional 84 shares during the period. Institutional investors own 93.78% of the company’s stock.

Lamar Advertising Stock Down 0.1 %

Shares of NASDAQ LAMR opened at $112.46 on Friday. 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 business has a 50-day moving average of $122.38 and a 200-day moving average of $126.95. The firm has a market capitalization of $11.52 billion, a price-to-earnings ratio of 31.86 and a beta of 1.53. Lamar Advertising has a 12 month low of $108.80 and a 12 month 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 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 16.40% and a return on equity of 30.20%. Sell-side analysts expect that Lamar Advertising will post 7.92 earnings per share for the current fiscal year.

Lamar Advertising Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $1.55 dividend. This represents a $6.20 dividend on an annualized basis and a yield of 5.51%. The ex-dividend date was Friday, March 14th. This is a boost from Lamar Advertising’s previous quarterly dividend of $1.40. Lamar Advertising’s dividend payout ratio is currently 175.64%.

Analyst Ratings Changes

LAMR has been the subject of a number of analyst reports. JPMorgan Chase & Co. cut their price objective on shares of Lamar Advertising from $129.00 to $126.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. Citigroup raised their price target on shares of Lamar Advertising from $121.76 to $128.00 and gave the company a “neutral” rating in a report on Tuesday, February 25th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $134.60.

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.