ERTS Wealth Advisors LLC Has $371,000 Stake in Lamar Advertising (NASDAQ:LAMR)

ERTS Wealth Advisors LLC reduced its holdings in Lamar Advertising (NASDAQ:LAMR) by 6.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,777 shares of the real estate investment trust’s stock after selling 206 shares during the period. ERTS Wealth Advisors LLC’s holdings in Lamar Advertising were worth $371,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Financial Synergies Wealth Advisors Inc. bought a new position in shares of Lamar Advertising in the 1st quarter valued at about $25,000. Whittier Trust Co. increased its position in shares of Lamar Advertising by 144.4% during the 2nd quarter. Whittier Trust Co. now owns 220 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 130 shares during the last quarter. Fidelis Capital Partners LLC acquired a new position in shares of Lamar Advertising during the 1st quarter worth approximately $27,000. MFA Wealth Advisors LLC bought a new stake in shares of Lamar Advertising during the 2nd quarter worth approximately $30,000. Finally, Sound Income Strategies LLC boosted its holdings in shares of Lamar Advertising by 85.8% in the 1st quarter. Sound Income Strategies LLC now owns 314 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 145 shares during the last quarter. 93.78% of the stock is owned by institutional investors.

Lamar Advertising Stock Performance

Shares of NASDAQ LAMR traded down $0.14 during mid-day trading on Friday, reaching $135.82. 28,218 shares of the company were exchanged, compared to its average volume of 404,810. Lamar Advertising has a twelve month low of $79.94 and a twelve month high of $139.88. The stock has a market capitalization of $13.89 billion, a P/E ratio of 27.88 and a beta of 1.52. The company’s 50-day simple moving average is $127.39 and its 200-day simple moving average is $120.57. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 2.31.

Lamar Advertising (NASDAQ:LAMR) last issued its quarterly earnings data on Thursday, August 8th. The real estate investment trust reported $1.34 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.67). Lamar Advertising had a net margin of 23.34% and a return on equity of 42.18%. The firm had revenue of $565.25 million during the quarter, compared to analyst estimates of $564.96 million. During the same period in the prior year, the company earned $1.90 earnings per share. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. As a group, research analysts predict that Lamar Advertising will post 7.75 earnings per share for the current year.

Lamar Advertising Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Wednesday, September 18th were issued a $1.40 dividend. The ex-dividend date was Wednesday, September 18th. This is a boost from Lamar Advertising’s previous quarterly dividend of $1.30. This represents a $5.60 annualized dividend and a yield of 4.12%. Lamar Advertising’s payout ratio is currently 114.99%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. TD Cowen boosted their target price on shares of Lamar Advertising from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Citigroup lowered shares of Lamar Advertising from a “buy” rating to a “neutral” rating and set a $122.00 price objective on the stock. in a research note on Thursday, July 11th. Wells Fargo & Company began coverage on shares of Lamar Advertising in a research note on Thursday, September 19th. They issued an “equal weight” rating and a $132.00 target price for the company. JPMorgan Chase & Co. boosted their price target on Lamar Advertising from $117.00 to $121.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Finally, StockNews.com upgraded Lamar Advertising from a “hold” rating to a “buy” rating in a research note on Friday. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Lamar Advertising has a consensus rating of “Hold” and an average target price of $125.00.

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.