Lamar Advertising (NASDAQ:LAMR) Shares Sold by Bfsg LLC

Bfsg LLC trimmed its position in Lamar Advertising (NASDAQ:LAMR) by 34.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,194 shares of the real estate investment trust’s stock after selling 635 shares during the period. Bfsg LLC’s holdings in Lamar Advertising were worth $145,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC lifted its position in Lamar Advertising by 44.8% in the fourth quarter. Venturi Wealth Management LLC now owns 1,439 shares of the real estate investment trust’s stock worth $175,000 after purchasing an additional 445 shares during the period. CIBC Asset Management Inc lifted its position in Lamar Advertising by 5.6% in the fourth quarter. CIBC Asset Management Inc now owns 2,696 shares of the real estate investment trust’s stock worth $328,000 after purchasing an additional 144 shares during the period. Sanctuary Advisors LLC lifted its position in Lamar Advertising by 0.4% in the fourth quarter. Sanctuary Advisors LLC now owns 19,259 shares of the real estate investment trust’s stock worth $2,442,000 after purchasing an additional 82 shares during the period. AlphaCentric Advisors LLC acquired a new stake in Lamar Advertising in the fourth quarter worth approximately $1,826,000. Finally, J.W. Cole Advisors Inc. acquired a new stake in Lamar Advertising in the fourth quarter worth approximately $210,000. 93.78% of the stock is currently owned by institutional investors and hedge funds.

Lamar Advertising Price Performance

NASDAQ LAMR opened at $132.90 on Wednesday. The business’s fifty day moving average is $124.76 and its two-hundred day moving average is $127.19. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.56 and a current ratio of 0.56. Lamar Advertising has a 1 year low of $106.43 and a 1 year high of $139.88. The stock has a market capitalization of $13.60 billion, a P/E ratio of 26.58 and a beta of 1.51.

Lamar Advertising Announces Dividend

The company also recently announced 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 4.21%. The ex-dividend date of this dividend was Wednesday, December 18th. Lamar Advertising’s dividend payout ratio (DPR) is currently 112.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Morgan Stanley upped their target price on Lamar Advertising from $125.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. StockNews.com cut Lamar Advertising from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Wells Fargo & Company dropped their price target on Lamar Advertising from $132.00 to $124.00 and set an “equal weight” rating on the stock in a report on Monday, November 11th. Finally, TD Cowen upped their price target on Lamar Advertising from $142.00 to $160.00 and gave the company a “buy” rating in a report on Monday, November 11th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target 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.