Lamar Advertising (NASDAQ:LAMR) Shares Sold by Raleigh Capital Management Inc.

Raleigh Capital Management Inc. cut its position in shares of Lamar Advertising (NASDAQ:LAMR) by 2.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,821 shares of the real estate investment trust’s stock after selling 84 shares during the quarter. Raleigh Capital Management Inc.’s holdings in Lamar Advertising were worth $343,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LAMR. Blue Trust Inc. raised its holdings in shares of Lamar Advertising by 444.1% in the third quarter. Blue Trust Inc. now owns 185 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 151 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of Lamar Advertising in the third quarter worth $25,000. Concord Wealth Partners acquired a new position in shares of Lamar Advertising in the third quarter worth $26,000. Assetmark Inc. raised its holdings in shares of Lamar Advertising by 109.3% in the third quarter. Assetmark Inc. now owns 224 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 117 shares during the last quarter. Finally, Versant Capital Management Inc raised its holdings in shares of Lamar Advertising by 46.6% in the fourth quarter. Versant Capital Management Inc now owns 450 shares of the real estate investment trust’s stock worth $55,000 after acquiring an additional 143 shares during the last quarter. 93.78% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LAMR has been the subject of a number of analyst reports. Wells Fargo & Company cut 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. Morgan Stanley upped their target price on Lamar Advertising from $125.00 to $135.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. StockNews.com lowered Lamar Advertising from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Finally, TD Cowen upped their target price on Lamar Advertising from $142.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $132.40.

Lamar Advertising Price Performance

Shares of NASDAQ LAMR opened at $126.10 on Thursday. Lamar Advertising has a 1-year low of $102.10 and a 1-year high of $139.88. The business has a 50-day moving average of $126.19 and a 200-day moving average of $126.15. The company has a debt-to-equity ratio of 2.48, a current ratio of 0.56 and a quick ratio of 0.56. The company has a market capitalization of $12.91 billion, a price-to-earnings ratio of 25.22 and a beta of 1.50.

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

Lamar Advertising Announces Dividend

The company 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. This represents a $5.60 annualized dividend and a yield of 4.44%. The ex-dividend date of this dividend was Wednesday, December 18th. Lamar Advertising’s payout ratio is currently 112.00%.

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.