Stephens Inc. AR Acquires 1,982 Shares of Lamar Advertising (NASDAQ:LAMR)

Stephens Inc. AR boosted its holdings in shares of Lamar Advertising (NASDAQ:LAMR) by 7.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,806 shares of the real estate investment trust’s stock after purchasing an additional 1,982 shares during the quarter. Stephens Inc. AR’s holdings in Lamar Advertising were worth $3,507,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in LAMR. Empowered Funds LLC grew its stake in Lamar Advertising by 85.8% during the fourth quarter. Empowered Funds LLC now owns 31,155 shares of the real estate investment trust’s stock valued at $3,793,000 after acquiring an additional 14,390 shares in the last quarter. Beese Fulmer Investment Management Inc. grew its position in shares of Lamar Advertising by 1.2% during the fourth quarter. Beese Fulmer Investment Management Inc. now owns 20,574 shares of the real estate investment trust’s stock valued at $2,505,000 after purchasing an additional 242 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Lamar Advertising by 9.5% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 18,413 shares of the real estate investment trust’s stock worth $2,242,000 after purchasing an additional 1,596 shares during the last quarter. Hedeker Wealth LLC increased its holdings in shares of Lamar Advertising by 1.5% in the fourth quarter. Hedeker Wealth LLC now owns 17,962 shares of the real estate investment trust’s stock worth $2,187,000 after purchasing an additional 259 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in Lamar Advertising by 0.5% during the fourth quarter. State of Alaska Department of Revenue now owns 52,035 shares of the real estate investment trust’s stock valued at $6,334,000 after buying an additional 248 shares during the last quarter. 93.78% of the stock is owned by hedge funds and other institutional investors.

Lamar Advertising Stock Up 0.4 %

NASDAQ LAMR opened at $128.18 on Tuesday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 2.48. Lamar Advertising has a 52 week low of $102.10 and a 52 week high of $139.88. The firm has a market capitalization of $13.12 billion, a price-to-earnings ratio of 25.64 and a beta of 1.51. The company has a fifty day moving average of $125.24 and a two-hundred day moving average of $126.83.

Lamar Advertising (NASDAQ:LAMR) last released its earnings results 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 firm had revenue of $564.10 million during the quarter, compared to the consensus estimate of $568.91 million. During the same quarter last year, the business posted $2.04 EPS. Lamar Advertising’s revenue 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 firm also recently announced 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 of this dividend was Wednesday, December 18th. This represents a $5.60 annualized dividend and a dividend yield of 4.37%. Lamar Advertising’s dividend payout ratio (DPR) is presently 112.00%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on LAMR shares. StockNews.com downgraded Lamar Advertising from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Wells Fargo & Company decreased 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 note on Monday, November 11th. Morgan Stanley lifted their price objective on shares of Lamar Advertising from $125.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Finally, TD Cowen upped their target price on shares of Lamar Advertising from $142.00 to $160.00 and gave the company a “buy” 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 stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $132.40.

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.