Lamar Advertising (NASDAQ:LAMR) Stock Holdings Lifted by Hilltop Holdings Inc.

Hilltop Holdings Inc. lifted its stake in shares of Lamar Advertising (NASDAQ:LAMR) by 17.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,472 shares of the real estate investment trust’s stock after acquiring an additional 514 shares during the quarter. Hilltop Holdings Inc.’s holdings in Lamar Advertising were worth $464,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Dimensional Fund Advisors LP boosted its position in shares of Lamar Advertising by 6.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,332,586 shares of the real estate investment trust’s stock valued at $159,283,000 after purchasing an additional 75,955 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Lamar Advertising by 3.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,093,096 shares of the real estate investment trust’s stock valued at $146,038,000 after buying an additional 39,845 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Lamar Advertising by 81.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 937,440 shares of the real estate investment trust’s stock worth $112,052,000 after buying an additional 420,311 shares during the period. Daiwa Securities Group Inc. increased its position 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 acquiring an additional 259,979 shares in the last quarter. Finally, Boston Trust Walden Corp raised its holdings in shares of Lamar Advertising by 2.0% during the third quarter. Boston Trust Walden Corp now owns 407,813 shares of the real estate investment trust’s stock valued at $54,484,000 after acquiring an additional 8,135 shares during the period. 93.78% of the stock is currently owned by institutional investors and hedge funds.

Lamar Advertising Stock Down 0.2 %

Shares of LAMR opened at $131.22 on Friday. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.56 and a current ratio of 0.56. The company has a 50-day simple moving average of $132.46 and a 200-day simple moving average of $124.66. Lamar Advertising has a 52 week low of $100.15 and a 52 week high of $139.88. The firm has a market capitalization of $13.43 billion, a P/E ratio of 26.24 and a beta of 1.50.

Lamar Advertising (NASDAQ:LAMR) last posted 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 net margin of 23.46% and a return on equity of 42.58%. The firm had revenue of $564.10 million during the quarter, compared to analyst estimates of $568.91 million. During the same period last year, the company earned $2.04 EPS. The company’s revenue was up 4.0% on a year-over-year basis. On average, equities research analysts expect that Lamar Advertising will post 7.52 earnings per share for the current year.

Lamar Advertising Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Wednesday, December 18th will be given a $1.40 dividend. This represents a $5.60 annualized dividend and a yield of 4.27%. Lamar Advertising’s dividend payout ratio (DPR) is currently 112.00%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on LAMR shares. TD Cowen raised their price objective 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. StockNews.com cut Lamar Advertising from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Morgan Stanley lifted their price target on Lamar Advertising from $125.00 to $135.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Finally, Wells Fargo & Company reduced their price objective on Lamar Advertising from $132.00 to $124.00 and set an “equal weight” rating for the company in a research note 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $132.40.

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.