Gallacher Capital Management LLC Sells 202 Shares of Lamar Advertising (NASDAQ:LAMR)

Gallacher Capital Management LLC trimmed its holdings in Lamar Advertising (NASDAQ:LAMR) by 4.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,361 shares of the real estate investment trust’s stock after selling 202 shares during the period. Gallacher Capital Management LLC’s holdings in Lamar Advertising were worth $531,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Assetmark Inc. boosted its position in Lamar Advertising by 109.3% during the third quarter. Assetmark Inc. now owns 224 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 117 shares during the period. GSA Capital Partners LLP bought a new stake in shares of Lamar Advertising during the 3rd quarter worth $443,000. Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of Lamar Advertising during the 3rd quarter worth $12,838,000. KBC Group NV boosted its holdings in shares of Lamar Advertising by 10.0% during the 3rd quarter. KBC Group NV now owns 2,268 shares of the real estate investment trust’s stock worth $303,000 after buying an additional 206 shares during the period. Finally, OneDigital Investment Advisors LLC bought a new stake in shares of Lamar Advertising during the 3rd quarter worth $205,000. 93.78% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LAMR has been the subject of a number of recent analyst reports. Citigroup upped their price target on shares of Lamar Advertising from $121.76 to $128.00 and gave the company a “neutral” rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. decreased their target price on Lamar Advertising from $129.00 to $126.00 and set a “neutral” rating for the company in a research note on Friday, February 21st. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Lamar Advertising has a consensus rating of “Hold” and a consensus price target of $134.60.

Lamar Advertising Stock Up 0.8 %

NASDAQ LAMR opened at $111.54 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 firm has a 50-day simple moving average of $123.89 and a 200 day simple moving average of $127.72. Lamar Advertising has a twelve month low of $108.80 and a twelve month high of $139.88. The stock has a market cap of $11.42 billion, a PE ratio of 31.60 and a beta of 1.53.

Lamar Advertising (NASDAQ:LAMR) last announced its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.74. Lamar Advertising had a return on equity of 30.20% and a net margin of 16.40%. The company had revenue of $579.57 million during the quarter, compared to the consensus estimate of $583.19 million. On average, research analysts forecast that Lamar Advertising will post 7.92 EPS for the current year.

Lamar Advertising Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $1.55 per share. This represents a $6.20 dividend on an annualized basis and a dividend yield of 5.56%. This is an increase from Lamar Advertising’s previous quarterly dividend of $1.40. The ex-dividend date is Friday, March 14th. Lamar Advertising’s dividend payout ratio (DPR) is presently 175.64%.

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.