NovaPoint Capital LLC Has $460,000 Stock Holdings in Lamar Advertising (NASDAQ:LAMR)

NovaPoint Capital LLC grew its position in Lamar Advertising (NASDAQ:LAMR) by 7.6% during the 4th quarter, Holdings Channel reports. The firm owned 3,777 shares of the real estate investment trust’s stock after purchasing an additional 268 shares during the quarter. NovaPoint Capital LLC’s holdings in Lamar Advertising were worth $460,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. boosted its stake in shares of Lamar Advertising by 444.1% in the 3rd quarter. Blue Trust Inc. now owns 185 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 151 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Lamar Advertising in the 3rd quarter valued at $25,000. Concord Wealth Partners acquired a new stake in shares of Lamar Advertising in the 3rd quarter valued at $26,000. Assetmark Inc. boosted its stake in shares of Lamar Advertising by 109.3% in the 3rd quarter. Assetmark Inc. now owns 224 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 117 shares in the last quarter. Finally, Versant Capital Management Inc boosted its stake in shares of Lamar Advertising by 46.6% in the 4th quarter. Versant Capital Management Inc now owns 450 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 143 shares in the last quarter. Institutional investors and hedge funds own 93.78% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. StockNews.com downgraded shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. TD Cowen upped their price target on shares of Lamar Advertising from $142.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Wells Fargo & Company reduced their price target on shares of Lamar Advertising from $132.00 to $124.00 and set an “equal weight” rating on the stock in a research report on Monday, November 11th. Finally, Morgan Stanley boosted their price objective on Lamar Advertising from $125.00 to $135.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Lamar Advertising has an average rating of “Hold” and a consensus target price of $132.40.

Lamar Advertising Trading Up 1.0 %

Lamar Advertising stock opened at $126.35 on Thursday. Lamar Advertising has a 52 week low of $102.10 and a 52 week high of $139.88. 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 stock has a market capitalization of $12.93 billion, a P/E ratio of 25.27 and a beta of 1.51. The stock has a 50-day simple moving average of $125.65 and a 200 day simple moving average of $126.69.

Lamar Advertising (NASDAQ:LAMR) last issued its quarterly earnings data on Friday, November 8th. The real estate investment trust reported $1.44 earnings per share (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 company had revenue of $564.10 million for the quarter, compared to analyst estimates of $568.91 million. During the same quarter last year, the business earned $2.04 earnings per share. The company’s revenue was up 4.0% on a year-over-year basis. Analysts expect that Lamar Advertising will post 7.49 earnings per share for the current year.

Lamar Advertising Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Wednesday, December 18th were given a dividend of $1.40 per share. The ex-dividend date was Wednesday, December 18th. This represents a $5.60 annualized dividend and a yield of 4.43%. Lamar Advertising’s dividend payout ratio is currently 112.00%.

About Lamar Advertising

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.