Gilman Hill Asset Management LLC Reduces Stock Holdings in Lamar Advertising (NASDAQ:LAMR)

Gilman Hill Asset Management LLC cut its position in shares of Lamar Advertising (NASDAQ:LAMR) by 6.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 89,615 shares of the real estate investment trust’s stock after selling 6,580 shares during the quarter. Lamar Advertising makes up about 1.9% of Gilman Hill Asset Management LLC’s holdings, making the stock its 6th biggest position. Gilman Hill Asset Management LLC owned approximately 0.09% of Lamar Advertising worth $10,910,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Janus Henderson Group PLC grew its holdings in shares of Lamar Advertising by 2.9% in the third quarter. Janus Henderson Group PLC now owns 4,248,660 shares of the real estate investment trust’s stock valued at $567,632,000 after acquiring an additional 119,068 shares in the last quarter. State Street Corp boosted its position in Lamar Advertising by 0.8% in the third quarter. State Street Corp now owns 2,640,356 shares of the real estate investment trust’s stock worth $352,752,000 after purchasing an additional 21,852 shares during the last quarter. Geode Capital Management LLC grew its stake in Lamar Advertising by 4.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,054,962 shares of the real estate investment trust’s stock valued at $274,595,000 after purchasing an additional 90,775 shares during the period. Wellington Management Group LLP increased its position in shares of 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 during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Lamar Advertising by 6.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,497,702 shares of the real estate investment trust’s stock valued at $200,093,000 after purchasing an additional 90,933 shares during the last quarter. 93.78% of the stock is owned by institutional investors.

Lamar Advertising Stock Up 3.0 %

Lamar Advertising stock opened at $125.25 on Monday. The firm has a market capitalization of $12.82 billion, a price-to-earnings ratio of 25.05 and a beta of 1.50. The firm has a 50 day simple moving average of $126.30 and a 200 day simple moving average of $126.04. Lamar Advertising has a 1-year low of $102.10 and a 1-year high of $139.88. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.48.

Lamar Advertising (NASDAQ:LAMR) last released its quarterly earnings data on Friday, November 8th. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.73). Lamar Advertising had a net margin of 23.46% and a return on equity of 42.58%. The company had revenue of $564.10 million for the quarter, compared to the consensus estimate of $568.91 million. During the same quarter in the previous year, the firm posted $2.04 earnings per share. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, analysts predict that Lamar Advertising will post 7.49 earnings per share for the current year.

Lamar Advertising Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Wednesday, December 18th were issued a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date was Wednesday, December 18th. Lamar Advertising’s dividend payout ratio (DPR) is presently 112.00%.

Analysts Set New Price Targets

Several research firms recently weighed in on LAMR. StockNews.com lowered shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. TD Cowen raised their price target on shares of 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 dropped their price objective on Lamar Advertising from $132.00 to $124.00 and set an “equal weight” rating on the stock in a research note on Monday, November 11th. Finally, Morgan Stanley raised 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. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price 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.